YRC Worldwide Continues Progress on Comprehensive Plan

Expected Fourth Quarter 2010 Adjusted EBITDA In Excess of Covenant Level

Credit Agreement and ABS Lenders Extend Interest and Fee Deferral to May 2011

Key Stakeholders in Discussions to Complete Comprehensive Plan by Mid-2011

YRC Worldwide Inc. today announced amendments to its credit agreement and asset-backed securitization facility ('ABS'). Both amendments are intended to provide additional time for the company and its key stakeholders to finalize plans to recapitalize the company's balance sheet, including working with its lenders and the Teamster negotiating committee for the International Brotherhood of Teamsters ('TNFINC').

"We appreciate the continued support of all our stakeholders as we work to finalize our comprehensive recovery plan," said Sheila Taylor, Executive Vice President and CFO of YRC Worldwide. "These amendments are another indication of the positive dialogue with our lenders and their further interest in a long-term solution for the company."

The amended credit facilities extend the deferral of credit agreement interest and fees through mid-May 2011 and interest and fees under the ABS facility through May 31, 2011. The amendment requires the company to reach an agreement in principal to recapitalize its balance sheet by February 28, 2011, complete final documentation by March 15, 2011 and close by May 13, 2011.

The effectiveness of the credit agreement and ABS facility amendments is subject to the consent of TNFINC and agreement by a supermajority of the multi-employer pension funds who are party to the company's contribution deferral agreement to an extension of the deferral of interest and principal payments under that agreement through May 31, 2011.

In addition, the amendments establish the company's 2011 financial covenants in conjunction with the company's finalization of its 2011 financial forecast. For the four quarters ending March 31, 2011, the company's adjusted earnings before interest, taxes, depreciation and amortization ('adjusted EBITDA') covenant is $140 million and its minimum available cash covenant will remain at $25 million. The remaining adjusted EBITDA and capital expenditure covenants and other details can be found in the current report Form 8-K filed today with the Securities and Exchange Commission.