YRC Seeks Economic Relief

Discussion in 'Holland Reddaway New Penn' started by 2old2change, Nov 25, 2008.

  1. 2old2change

    2old2change Bobtail Member

    7
    0
    Oct 1, 2008
    Indpls,In
    0
    Yrc has contacted the teamster general executive board for the purpose of economic relief.A two man meeting is set for Dec 03-2008 in Scottsdale Az to discuss a possible solutition to the recent downgrading of YRC's debt rating and borrowing problems caused by the same.
    Just my opinion but it's not looking good for the home team at the present. Give-backs are never popular and never seem to work if ever and the state of the present economy dosen't help the overall problem.
    This involves all YRC companies under the NMFA.
     
Draft saved Draft deleted