TITLE

PULLING ALL STOPS

AUTHOR(S)
Gallagher, John
PUB. DATE
May 2009
SOURCE
Journal of Commerce (1542-3867);5/25/2009, Vol. 10 Issue 21, p34
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
42745277

 

Related Articles

  • Government behind the Wheel More a Matter of Politics Than of Economics. COUCH, JIM F.; BURTON, PHILIP A.; MALONE, KEITH D.; BLACK, DAVID L. // Independent Review;Spring2011, Vol. 15 Issue 4, p577 

    An article is presented that reports on government control of business and manufacturing in the U.S. in 2011. The article describes the automotive industry related to labor costs, product quality, and resale value, as well as the rising costs of fuel. The article also discusses government...

  • Rolling TARP.  // Journal of Commerce (1542-3867);5/25/2009, Vol. 10 Issue 21, p4 

    The author comments on the pension issues faced by trucking company YRC Worldwide following its bailout application in 2009. He notes that the company is the first in the industry to seek financial assistance from the U.S. government. He explains that the pension obligations of YRC come through...

  • Corporate Bailout Recipients Are Giving Campaign Donations. Gandelman, Joe // Moderate Voice;10/25/2010, p4 

    The article reports on the political campaign contributions given by several U.S. companies that have received federal bailouts. It cites the 5,000-dollar campaign check given by General Motors Corp. to Senate Majority Leader Mitch McConnell in September 2010. Accordingly, candidates from the...

  • A year later, TARP's $700B is putting down deep roots. Brush, Silla // Hill;9/29/2009, Vol. 16 Issue 109, p1 

    The article reports on the debate over the controversial 700 billion dollars worth of bailout package under the Troubled Asset Relief Program (TARP) a year after its implementation in the U.S.

  • Six Banks Repay $626M to Tarp.  // American Banker;12/30/2010, Vol. 175 Issue 201, p16 

    The article gives brief information about the amount of money repaid to the U.S. Treasury Department's Troubled Asset Relief Program by six banks, including East West Bancorp, Surrey Bancorp, and Haviland Bancshares Inc., for their bailouts.

  • Federal Bailout, Three Years Later.  // Business Owner;Sep/Oct2011, Vol. 35 Issue 5, p6 

    The article examines the facts and results of the federal bailouts issued by the U.S. government beginning at the Housing and Economic Recovery Act of 2008, the Troubled Asset Relief Program (TARP) in terms of transparency and importance to the economy.

  • Suppliers counting on survival of GM, Chrysler. Daly, Pete // Grand Rapids Business Journal;4/6/2009, Vol. 27 Issue 14, p1 

    The article reports that automotive suppliers in Michigan are hoping that the U.S. government's bailout of General Motors (GM) and Chrysler will consider the entire supply chain of the automobile industry in 2009. The entry notes that a structured bankruptcy for the two car companies will affect...

  • Problem banks paying back government loans...with interest. Hoxter, Curtis J. // Caribbean Business;9/10/2009, Vol. 37 Issue 36, p12 

    The article discusses the risks associated with the bailout of the U.S. government to troubled business entities. It states that the government had earned profits coming from the biggest banks that had paid their bailout money, but still faces potential loss due to the bailouts of companies like...

  • Big Three stay alive. McLaughlin, Kathleen // Indianapolis Business Journal;12/29/2008, Vol. 29 Issue 44, p7 

    The article reports on the bailout asked by Chrysler LLC and General Motors Corp. in Detroit, Michigan. According to automakers, they would run out of cash in 2009 that would result to reducing of jobs. In response, the Bush administration offered $17.4 billion in loans in exchange for...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics