Thursday, July 9, 2009

VOLUME ALERT: YRC Worldwide (YRCW)

YRC Worldwide (Nasdaq: YRCW) shares have roughly doubled to $1.77 on 3 times their average volume shortly after 11:15 a.m. Eastern, after a tentative deal with the Teamsters may reduce its costs, and the company’s likelihood of bankruptcy. The deal modifies terms of the current fag agreement for its employees awninged by the National Master Freight Agreement, helping the company revilement costs and preserve capital. — Mike Tarsala


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