In The News
August 2009
YRC Signs $81 Million Facility Sale, Lease Agreement
(Excerpt from article by William B. Cassidy for The Journal of Commerce)

Sales of excess property, leaseback deals to raise nearly $500 million in 2009

YRC Worldwide will sell $81 million in property to NorthAmerican Terminals Management, leasing back certain facilities, the company said Aug. 7.

The sale-leaseback agreement followed Teamster ratification of the company’s wage and benefits reduction plan, which will save the embattled trucker more than $800 million by the end of 2010 and more than a billion dollars by 2013.

Visit The Journal of Commerce to read the full article

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