DALLAS, July 22, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring trucking company YRC Worldwide (Nasdaq:YRCW). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on YRC Worldwide (Nasdaq:YRCW) should be of particular interest to other transportation service providers: Arkansas Best Corp. (Nasdaq:ABFS), Con-way Inc. (NYSE:CNW), United Parcel Service Inc. (NYSE:UPS) and FedEx Corp. (NYSE:FDX).
It is available at: http://www.beaconequity.com/i/YRCW
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YRC Worldwide Inc. (YRCW) transports industrial and retail goods within the United States and internationally. The Company operates four segments: YRC National Transportation, YRC Regional Transportation, YRC Logistics and YRC Truckload.
In the report, the analyst notes:
"Meanwhile, YRCW and the Teamsters have negotiating agreements to fight off the potential of bankruptcy, with YRCW agreeing to giving the Union an equity stack in the Company while the Union agreeing to pay cuts and elimination of pension contributions for 18 months.
"On July 14, the Union and the Company recently agreed to another tentative agreement that would cut wages another 5%, or an average of $1.16 per hour per union worker, effective immediately upon ratification. In addition, pension contributions -- valued at $7.60 per hour -- would cease during the first six months, increasing to $8.20 per hour through the first half of 2010."
To read the entire report visit: http://www.beaconequity.com/i/YRCW
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