Wednesday, January 13, 2010

A trucking industry analyst said he expects haulers to continue to struggle through the first half of the year, at least, and predicted an “exceptionally weak” fourth-quarter report from YRC Worldwide Inc.

Overland Park-based YRC said Dec. 31 that it had successfully completed a debt-for-equity swap that let it avoid filing for bankruptcy protection. However, the swap had required numerous deadline extensions before it succeeded. Many analysts still question whether the less-than-truckload market leader can survive because it faces more debt deadlines in April... Rest of Story from Kansas City Business Journal

________________________________________