Phil Gaines Named Senior Vice President and Chief Financial Officer of YRC

YRC Worldwide today announced that Phil J. Gaines has been named Senior Vice President and Chief Financial Officer of YRC Inc., the largest operating division of YRC Worldwide. Most recently, Mr. Gaines held the position of Senior Vice President-Finance for YRC Worldwide. In his new role, Mr. Gaines will report directly to Mike Smid, President-YRC Inc. and Chief Operations Officer YRC Worldwide, with dotted line responsibility to Bill Trubeck, interim Executive Vice President and Chief Financial Officer of YRC Worldwide.

Mr. Gaines has served in a variety of positions over his 22 years with YRC Worldwide, including Senior Vice President and Chief Accounting Officer, Senior Vice President Investor and Government Relations, and Vice President-Corporate Controller and Chief Accounting Officer. Additionally, Mr. Gaines served as President of Yellow Transportation prior to the integration of Yellow Transportation and Roadway in March 2009.

"In Phil's new assignment, his primary focus will be to support the financial requirements of the YRC operating unit; however, given his significant and broad experience with the corporation, he will be a valuable resource in the finalization of restructuring efforts for YRC Worldwide," stated Mr. Trubeck.

"This organizational change further solidifies the Finance management structure following the departure of Sheila Taylor, former Executive Vice President and Chief Financial Officer-YRC Worldwide, effective March 31, 2011, and the appointment of interim Executive Vice President and Chief Financial Officer Bill Trubeck," stated John Lamar, Chief Restructuring Officer of YRC Worldwide.

Mr. Gaines also serves as the Vice Chairman on the CommunityAmerica Credit Union Board of Directors and he holds a Bachelor of Science degree in Accounting from Nebraska Wesleyan University — Lincoln, NE.