YRC Extends Debt-for-Equity Swap

December 16, 2009: Less-than-truckload transportation services provider YRC Worldwide (YRCW) said today it has extended its debt-for-equity exchange offer from December 15 to December 17.

As LM has previously reported, this follows a November announcement when YRCW initially laid out its plans for the offer, which, it said, if successful, would place the company on a more solid financial base and, in concert with other steps taken over the recent months to improve its operations and cost structure, will make it more competitive and position it to take advantage of any upturn in the economy.

Click here to read the full article from Logistics Management.

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