YRC is seeking big concession by shareholders

November 3, 2009: YRC Worldwide Inc. shocked its shareholders Monday by asking them to surrender 95 percent ownership of the embattled trucking company to its lenders as the “final step” in a recovery plan.

Investors drove down the Overland Park-based company’s share price by 64 percent, more than on any day since at least 1980, according to Bloomberg News. The stock fell $2.33 and closed at $1.32 a share.

Click here to read more at Kansas City.

Get Advice Join TDU Donate

Recent News

Changes to Number of IBT Regional Vice Presidents

There will be one fewer International VP elected from the Central Region next year, and one additional one in the Western Region, according to IBT figures released on October 8.

4000 Southern California Teamsters Give Strike Notice

Teamsters who work for the major retail Southern California grocery chains have given a 72-hour strike notice, as bargaining continues toward today’s deadline, and perhaps beyond it if no settlement is reached.  The 4000 warehouse workers and drivers work for Kroger (includes Ralphs and Food4Less) and Albertsons (includes Vons and Pavilions).

View More News Posts