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In a Friday story, the newspaper cite d YRC Chairman and CEO Bill Zollars as having said moneyh from the Troubled Asset Reliefr Program would help YRC withabout $2 billion in pension obligationx during the next four About half of YRC’s payments to a multiemployer union pension fund go to peoplew who never worked for the trucking company, Zollares said in the Wall Street Journal calling that unfair. The application for the fundzs could come as soon as thearticle said. A spokesman declined to comment. YRC officials couldn' be reached for comment. YRC’s stock closed on Friday at down30 cents, or 9 on volume of 6.9 million shares, according to Yaholo Finance.
The stock’s average daily volumes the past three monthsis 2.7 million shares. Overlanxd Park-based YRC (Nasdaq: YRCW) has been postinb losses as the freightrecession continued, and it integrated its To maintain liquidity, the company has been sellin real estate and cutting employee wages in retur for ownership in the company. Now, YRC seek to , using real estate as on revenueof $1.5 billion, comparefd with a loss of $46.37 million, or 82 centsw a share, in the same quarter a year earlier. YRC rankes No.
2 on the Kansas City Businesd Journal ’s list of area public
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