© Khunaspix Dreamstime.


Shares of YRC Worldwide Inc. YRCW, -27.17% sank 4.6% in midday trading Monday, after a congressional panel said the trucking company didn’t meet the test to be designated as essential to national security, The Wall Street Journal reported.

The stock has rocketed 74.6% on July 1 after YRC said it expects to receive $700 million loan from the U.S. Treasury under the Coronavirus Aid, Relief and Economic Security (CARES) Act, as the Treasury determined the company played an essential role in the nation’s supply chain. Congress had ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.