Yellow and Teamsters Renegotiate Labor Contract

Modifying its labor agreement is just one of a number of recent steps the company announced to strengthen its financial and operational position. It is moving forward with the integration of Roadway and Yellow Transportation, it has restructured debt, and it is “collateralizing” assets after Standard and Poors reduced the company's credit rating.

“We have an opportunity to improve our performance even in today's economy. That's why we're taking long-ranging actions which improve our ability to effectively, reliably and quickly serve our customers' supply chain needs today, and in the future,” said Bill Zollars, Chairman, President and CEO of YRC Worldwide Inc.

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