YRCW~It might be time for this one to really recover- that's what I am thinking anyway:
I think YRCW is going to have a very good month of Oct. and I suspect that any R/S is off the table. This will likely rise to over 1.00 on its own -icould be totally worng but i think it will. the announced tentative agreement will be finalized next week.
Sept. 24, 2010, 6:40 p.m. EDT · Recommend · Post:
YRC, Teamsters reach tentative agreement View all After Hours ›
MarketWatch
LOS ANGELES (MarketWatch) — Stock in YRC Worldwide Inc. rose late Friday as the logistics-services provider said it has reached a tentative deal with leaders of the Teamsters union.
YRC Worldwide /quotes/comstock/15*!yrcw/quotes/nls/yrcw (YRCW 0.27, +0.00, +1.70%) shares rose 35% to 36 cents and topped Nasdaq’s list of late-session volume leaders.
Details of YRC Worldwide’s agreement with the International Brotherhood of Teamsters weren’t yet disclosed as they require approval by union leadership committees and YRC’s board of directors, the company said in a statement. Approvals are expected next week.
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If approved, the agreement will then be submitted for ratification by YRC employees represented by the Teamsters. YRC said it’s aiming to complete the process in late October.
“This tentative agreement is an important step toward the completion of our comprehensive recovery plan,” said Mike Smid, chief operations officer of YRC Worldwide, in a statement.
The agreement is aimed at addressing YRC Worldwide’s competitiveness, re-entry into multiemployer pension funds and progress toward long-term growth, it said.
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