YRC seeking more cost cuts

By Angela Greiling Keane
Bloomberg News

POSTED: 09:06 p.m. EST, Dec 04, 2008

YRC Worldwide Inc., the largest U.S. trucker with Roadway operations based in Akron, said Thursday it will seek out more cost reductions after reaching a tentative agreement with the Teamsters union for a 10 percent wage cut.

''YRC under President-elect Barack Obama's administration will push to allow the multi-employer pension plan it participates in to stop supporting retirees from companies that have gone out of business,'' chief executive officer Bill Zollars said.

Ohio.com - YRC seeking more cost cuts