Reuters: YRC trucking makes headway on needed debt deal

December 22, 2009: U.S. trucking giant YRC Worldwide (YRCW.O) said on Monday that it had received the needed approvals from lenders and pension funds to allow it to proceed with a critical debt-for-equity exchange offer that could keep the company out of bankruptcy.

YRC, the largest U.S. trucking company in the "less than truckload" category, has been trying to get a majority of its bondholders to agree to swap about $536.8 million in debt for equity.

Click here to read the full report from Reuters.

Get Advice Join TDU Donate

Recent News

Albertsons Teamsters Ratify Strong Contract

Last year, Local 771 members elected new local leaders on a program of building union power by involving members. Now nearly 500 grocery Teamsters at Albertsons have won a new contract that includes record wage increases and benefit improvements.

Webinar: Build Bargaining Power with a Contract Campaign

From national contracts to local agreements, unions are mobilizing to take on employers and win. Registration for this webinar is closed. We'll post a recording after the webinar!

View More News Posts