Despite some analyst concerns that YRC Worldwide might be in danger in light of the current financial crisis, the company's CEO told the Associated Press that there is enough liquidity to maintain operations."We're in pretty good shape," said President, Chairman and CEO William D. Zollars. He said the company has about $600 million in liquidity.
Zollars said the crisis' timing, coinciding with the peak holiday shipping season, will allow the company to better manage the problems.
Zollars' comments come days after Longbow Research analyst Lee Klaskow pointed to YRC and Swift Transportation as being particularly at risk in a shaky market. Klaskow especially saw troubles with YRC's plan to merge its Yellow and Roadway subsidiaries.
"Management has promised a lot and not delivered that much," Klaskow told the AP.
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