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Aggressive tactics are seeping into bankruptcy financing
Group’s projections make a wind-down rather than restructuring a perplexing choice
Investor cuts exposure to failed US trucking company after jockeying over debtor-in-possession financing
...The company, then known as YRC Worldwide, received a $700mn Covid-19 relief loan from the Trump administration during the summer of 2020, resulting in the federal government holding a 30 per cent stake in...
...On Wednesday, the US Treasury Department announced it would provide a $700m rescue term loan to YRC Worldwide, a trucking company that happens to employ 24,000 Teamsters....
...The US Treasury department on Wednesday agreed a $700m bailout of trucking company YRC Worldwide....
...Both YRC and Old Dominion Freight Line sounded similarly gloomy about December’s figures....
...YRC Worldwide, the country’s largest trucking company, received a lacklustre response from Wall Street in the year’s final session....
...YRC Worldwide rose 28.1 per cent to $1.14 after the trucking group said late on Monday that it was ready to proceed with a new debt-for-equity exchange offer....
...YRC Worldwide, the biggest trucking company in the US, is negotiating with its unions to allow it to suspend cash payments to its defined-benefit pension plan andto pledge real estate as collateral instead...
...Numerous small trucking companies have gone out of business and YRC Worldwide, one of the largest truckers, has had to renegotiate its loan agreements with its banks after its total tonnage carried in the...
...Peer CSX added 1.3 per cent to $64.20 while trucking company YRC Worldwide added 5.4 per cent to $17.68 after reaffirming its second- quarter guidance....
...On Tuesday, call option volume in YRC Worldwide, JB Hunt Transport Services, Goodrich and Boyd Gaming turned active on takeover speculation....
...YRC Worldwide , a trucking company, fell 26.2 per cent to $12.62 over the period after Fitch Ratings cut its debt to junk....
...Gains in the transport sector were limited after YRC Worldwide , the trucking company, fell to a $735.8m loss – far worse than expected. The shares fell 14.7 per cent to $16.08....
...Ryder System jumped 6.4 per cent to $46 and YRC Worldwide gained 7.1 per cent to $14.86. Healthcare stocks ended five days of gains....
...YRC Worldwide , the trucking company, fell 9.7 per cent to $15.43 after warning it expected to incur charges in the fourth quarter related to previous acquisitions....
...YRC Worldwide, the largest trucking company in the US, led the decline among transport stocks. Its shares skidded 14.9 per cent to $38.56 after it slashed its first-quarter guidance....
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