I believe they got some other plan. It looks like a buyout by one of the transportation company very soon. This company is way cheap now. Some one accumulate enough shares to put an offer.
The hearing was to be on Oct 7th but the decision would not have been made for 30 to 45 days after the hearing, as is standard procedure. The decision would have been annouced in the first half of November. At some point YRCW knew a reverse split would have to been done, even if the stock was trading over $1.00, too many shares coupled with to low of a share price. By doing the R/S now they took care of these two issues at one time.
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