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 presently after 11:15 a.m. Eastern, after a tentative care with the Teamsters may reduce its costs, and the company’s likelihood of bankruptcy. The care modifies terms of the current labor agreement for its employees covered by the National Master Freight Agreement, helping the company cut costs and preserve capital. — Mike Tarsala


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