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Monday, June 29, 2009

TEAMSTERS AND YRCW EXCHANGE PROPOSALS

A subcommittee of the Teamsters National Freight Industry Negotiating Committee (TNFINC) and YRC Worldwide, Inc. (YRCW) exchanged proposals today, as both sides attempt to negotiate a plan aimed at addressing the company’s short-term operating cash needs. The TNFINC subcommittee is currently reviewing the proposal.

The negotiations are taking place at the Teamsters’ Headquarters in Washington, D.C and will resume tomorrow morning.

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