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TRUCKING INDUSTRY NEWS * USA - YRC hires turnaround consultant
Overland Park,Kan,USA -The St. Louis Business Journal -August 27, 2009: -- YRC Worldwide Inc. has named a turnaround consultant to guide the trucking company’s bid to survive the recession... The board of Overland Park, Kan.-based YRC named Richard Williamson, managing director of corporate turnaround firm Alvarez & Marsal, as chief strategy officer... Williamson will coordinate and manage YRC’s work to maintain liquidity and fix its capital structure, YRC said in a filing with the Securities and Exchange Commission... YRC, which has 560 employees in St. Louis, reported a $309 million loss in the second quarter, following a $257.4 million loss in the first quarter... (Photo from yrc.com: offroad kids large truck)
Labels: trucking industry news USA
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