Teamsters Grant Conditional Extension on YRCW Restructuring Plan Timelines

The Teamsters National Freight Industry Negotiating Committee announced today that it has granted YRC Worldwide Inc. a conditional extension until March 15, 2011 on key timelines to achieve elements of its comprehensive restructuring plan. Other key stakeholders at YRCW including the lending group and pension funds, also granted similar extensions. The agreement was reached late on December 31."