Tuesday, October 19, 2010

YRC hauls a full load of uncertainty

For the third time in less than two years, YRC Worldwide Inc. drivers and dock workers are about to decide the fate of the long-troubled trucking company.

Although workers have begrudgingly accepted cuts two previous times to keep YRC afloat, doubts linger about whether concessions will be accepted a third time, despite indications that they’re needed for YRC to survive.

The U.S. economy is not at its nadir as it was in 2009 when YRC workers accepted the previous cutbacks. But if the company has to liquidate now, the slow recovery won’t help YRC’s employees find new jobs, some analysts and industry executives said. Full Story.....

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