Sunday, July 24, 2011

YRC to wrap up $500 million restructuring, name new CEO

Trucking giant YRC Worldwide Inc. is set for an extreme corporate makeover today.

The Overland Park-based company will report its second-quarter results this morning, is to complete a $500 million restructuring later in the day and is expected to cap off its news by naming a new chief executive officer.

The leading candidate is James L. Welch, according to sources with knowledge of the company’s plans who asked not to be identified because of the sensitivity of the situation. Welch retired from the company in 2007 as president of Yellow Transportation Inc. Full Story.....

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