Gallagher, John
May 2009
Journal of Commerce (1542-3867);5/25/2009, Vol. 10 Issue 21, p34
The article focuses on efforts by YRC Worldwide to avoid exiting the highway for good. Reasons why YRC is seeking assistance from the Treasury Department's Troubled Asset Relief Program (TARP) are provided along with its current financial status. Reference is made to Chrysler and General Motors which received aid from TARP funds as well as the action taken by UPS, the largest trucking company, to reduce its pension liability. Benefit of a bailout for YRC is discussed together with other possible motivations.


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