YRC Looking for Bailout!
Yrc looking for some of the Bailout Money.
I thought with the 10% wage concessions and current freight levels this would be the last thing YRC would ask for.
10% wage concessions, Deferral in Pension payments that also includes a devalue of pension for the next six months and beyond. Properties up on lease back. Freight volumes up for New Penn and yet the YRC masterminds in their closing and selling of properties just seems not enough cash to make it work.
Yes it's a bad economy , freight levels are down. It's not all on the economy.
Sounds like a sinking ship to me. Like the Titanic!!!
Good luck my teamsters!!
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