YRC hires turnaround consultant

August 27, 2009: YRC Worldwide Inc. has named a turnaround consultant to guide the trucking company’s bid to survive the recession.

The board of Overland Park-based YRC (Nasdaq: YRCW) named Richard Williamson, managing director of corporate turnaround firm Alvarez & Marsal, as chief strategy officer in a Thursday meeting. Williamson will coordinate and manage YRC’s work to maintain liquidity and fix its capital structure, YRC said in a filing with the Securities and Exchange Commission.

Click here to read more at the Kansas City Business Journal.

Get Advice Join TDU Donate

Recent News

Yellow Terminals Sold for $1.9 Billion – XPO and Estes are Big Buyers

Most of Yellow’s terminal properties closed at auction on December 4, with XPO the biggest buyer, paying $870 million or nearly half of the $1.9 billion that the 128 properties yielded. XPO bought 28 properties and Estes bought 24.

Online Workshop: From Contract Campaign to Contract Enforcement

Hear from UPS Teamsters and guest speaker Teamsters General President Sean O'Brien about moving from contract campaign to contract enforcement this Sunday, December 10 at 12 PM EST/11 AM CT/10 AM MT/9AM PT. Register now.

View More News Posts