YRC has tapped the loan for "fleet" purposes.

YRC taps loan agreement for fleet investment; CFO resigns
Less-than-truckload (LTL) carrier YRC Worldwide (NASDAQ: YRCW) announced that it has drawn $75 million in funds from the $400 million second tranche of the $700 million Treasury loan it received as part of the government’s pandemic relief lending program.
On Monday, the Overland Park, Kansas-based company reported a third-quarter loss of just $2 million, or 4 cents per share, significantly better than consensus estimates of a loss of 25 to 28 cents per share. The result was also much improved from the 2019 third-quarter, a $16 million loss.
“During the quarter we transitioned to managing our business in a tighter capacity environment and setting the stage for 2021. Improving tonnage trends late in Q3 has allowed LTL pricing to firm up with less volatility expected moving forward,” stated CEO Darren Hawkins.

The press release stated Jamie Pierson resigned his role as CFO and his board seat.