Reuters: YRC decides not to apply for federal bailout funds

Reuters:

NEW YORK, June 12 (Reuters) – U.S. trucking company YRC Worldwide Inc (YRCW.O) has decided not to apply for money from the U.S. government’s bailout program, but instead will push for federal reform to help cope with pension problems.

YRC, based in Overland Park, Kansas, won’t submit an application with the Treasury Department under the Troubled Asset Relief Program, and instead will focus on long-term pension reform, company representative Suzanne Dawson said on Friday.

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