TEAMSTERS WELCOME NEWS THAT YRCW LENDERS HAVE AGREED TO RESET LOAN TERMS

Teamsters General President Jim Hoffa welcomed news today that YRC Worldwide Inc. (YRCW) has agreed with lenders to reset its agreements on some loans and will be able to retain proceeds from the auction of certain properties.

“This is welcome news for our YRCW members who have had to endure sacrifices for several years,” Teamsters General President Jim Hoffa said. “Those sacrifices, which