Trade News > Trucking Logistics > YRC Dodges a Bullet

YRC Dodges a Bullet

William B. Cassidy | Jan 11, 2010 3:18PM GMT
The Journal of Commerce Magazine - News Story
Last-minute deal with bondholders averts liquidity crisis and cements long-term banking, labor agreements

Forget Times Square. For shippers and less-than-truckload interests, Overland Park, Kan., was the place to be New Year’s Eve as YRC Worldwide evaded a looming bankruptcy again, completing a crucial debt-for-equity swap with bondholders before the ball


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