Credit Risk Management

Bankruptcy Watch: YRC Worldwide Inc

Image Group photo
The YRC Worldwide corporate office in Overland Park, Kansas. Eighty-one percent of the company's workforce is unionized.

In the past few years, YRC Worldwide has worked near miracles to stay out of bankruptcy court but the end may finally be drawing near for the nation's second largest trucking company.  "They're still burning cash."

With a fleet of 15,000 trucks and 23 percent of the less-than-truckload (LTL) market among public carriers, few companies in corporate America have delivered less value to its shareholders in relation to its industry position than YRC Worldwide, Inc., a $4.8 billion trucking company,

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