YRC Worldwide seeks more concessions to avoid bankrupcty

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By Alex Lennane

13/11/2013

More bankruptcies? This time not in the airline business. YRC Worldwide, a US transport and logistics holding company, has said that its revenue cannot cover its interest costs. With debt payments due in February, will the company – once described as a cat with nine lives – be able to negotiate enough concessions to stay in business?

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