Another Leash on Life for YRC Worldwide

Summary

A consortium of lenders has given YRC Worldwide, the nation's largest trucking company, two more weeks before a provision that requires the Overland Park, Kan.-based LTL carrier to maintain $100 million in liquidity. The company says it has been given until Oct. 30 before the amendment, the company's 11th such change, takes effect.

Analysis

If you ever had doubt that the banks much prefer YRC Worldwide to be alive than dead, this latest saga could convince you. Full Story........