Minggu, 24 April 2011

YRC Worldwide says it has made progress on restructuring plan

Trucking company YRC Worldwide Inc. said Friday that it has made "significant progress" in negotiating agreements with lenders, its pension fund and the Teamsters union that are necessary to restructure its balance sheet by the end of July."We have been working closely with JP Morgan, agent for the senior secured lender group, the steering committee, the company's pension funds and the Teamsters

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