Hints and tips:
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 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 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 country’s largest trucking company, received a lacklustre response from Wall Street in the year’s final session....
...YRC said it had to pay $34m to $45m a month to its plan, while its freight volumes had fallen by 29 per cent in the latest quarter compared with a year ago....
...The names of the biggest trucking lines – JB Hunt, YRC, Schneider National and Ryder – become as familiar as the names of the fast-food chains in the roadside stop-offs....
...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....
...YRC Worldwide , a trucking company, fell 26.2 per cent to $12.62 over the period after Fitch Ratings cut its debt to junk....
...On Tuesday, call option volume in YRC Worldwide, JB Hunt Transport Services, Goodrich and Boyd Gaming turned active on takeover speculation....
...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....
...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....
...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, a leading US trucking company, also cut its first-quarter profit forecast last month because of a drop in shipments, saying that “some of our largest retail customers have made significant inventory...
...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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