YRC Chief Welch Says Trucker Can Service Debt as Swaps Rise
YRC Worldwide Inc., the trucker whose credit-default swaps surged as bondholders guard against losses, said it can service its debt as long as business continues improving.
“Our customers are telling us a different side of the story versus what some of the analysts may say, or some of these CDS folks,” Chief Executive Officer James Welch said in an interview. “Our business is growing. We’ve