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YRC Global Expects To Get $700 Million CARES Act Loan from U.S. Treasury

OVERLAND PARK, Kan., July 01, 2020 (GLOBE NEWSWIRE) — YRC Worldwide Inc. (NASDAQ: YRCW), the nation’s 2nd biggest less-than-truckload (LTL) shipping company, today announced that the usa Department for the Treasury (“UST”) promises to supply a $700 million loan to YRCW under authorization given by Subtitle A of Title IV for the CARES Act.

YRCW and its own running organizations Holland, brand brand brand New Penn, Reddaway, and YRC Freight have already been considerably relying on the pandemic that is COVID-19. These firms collectively employ 30,000 professionals that are trucking including 24,000 Teamsters. Continue reading