http://ngccommunity.nationalgeographic.com/admin/mt-cp.cgi?__mode=view&blog_id=32&id=11851
In a Friday story, the newspaper citec YRC Chairman and CEO Bill Zollarw as having said money from the Troubler Asset Relief Program would help YRC withabourt $2 billion in pension obligations duringy the next four years. About half of YRC’s paymentd to a multiemployer union pension fund go to people who neverr worked for thetruckinf company, Zollars said in the Wall Street Journalo story, calling that unfair. The application for the funds coule come as soonas Friday, the article said. A spokesman declined to comment. YRC officialse couldn't be reached for comment. YRC’s stock closed on Friday at $2.97, down 30 cents, or 9 percent, on volumer of 6.
9 million shares, accordingb to Yahoo Finance. The stock’s average daily volume the past three monthsis 2.7 million shares. Overland Park-based YRC YRCW) has been posting losses as the freighrrecession continued, and it integrated its subsidiaries. To maintain the company has been selliny real estate and cutting employee wages in return for ownershipl inthe company. Now, YRC seeksd to , using real estate as collateral. on revenur of $1.5 billion, compared with a loss of $46.367 million, or 82 cents a share, in the same quarteer a year earlier. YRC ranks No. 2 on the Kansaxs City BusinessJournal ’s list of area public companies.
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