YRC Says New Deal Will Keep It Trucking

Restructuring includes Teamsters, creditors

Trucking company YRC Worldwide Inc. believes it has a new restructuring deal in place that will keep it in business.

The Kansas-based less-than-truckload operator, owner of the former Roadway business in Akron, has not released financial specifics of the plan.

But YRC executives said they have a nonbinding ''agreement in principle'' that will give the Teamsters union and YRC creditors significant additional ownership of the company as well as debt that can be converted into shares in upcoming years. Full Story.....