YRC Worldwide and Teamsters Take Steps to Enhance the Company's Market Position and Support Jobs

Joint committees formed to address long-term competitiveness and reentry into union pension plans

IBT nominates candidate for board of directors

YRC Worldwide Inc. announced today that joint committees representing International Brotherhood of Teamsters leadership and YRC Worldwide management are being formed to address the company's competitiveness and reentry into union pension plans. In addition, Teresa Ghilarducci has been nominated by the IBT to join the YRC Worldwide board of directors. Ghilarducci's nomination is in conjunction with the most recent Memorandum of Understanding between the union and the company.

"The self-help recovery that the company and union accomplished together has stabilized the business and put us back on the path to success," said Bill Zollars, chairman, president and CEO of YRC Worldwide. "As customers continue to increase their business with YRC Worldwide, and the company returns to profitability, these efforts will provide further momentum as we focus on additional improvements to solidify the company's industry leading position."

Ghilarducci is a professor of economics and the Bernard L. and Irene Schwartz Professor of Economic Policy Analysis in the Department of Economics at the New School for Social Research, New York. "We look forward to Teresa's election and participation on the board," said Zollars.

Upon Ghilarducci's election, Carl W. Vogt will resign from the board as previously announced.