I'm no more fan of the YRCW stock than you are, TA. But, I think you are wrong in hammering them for freezing the defined benefit plan and shifting over to a defined contribution plan. Like it or not, that is happening all over corporate America. Fedex did the same thing. With investment returns failing to keep pace with the financial obligations of a pension, companies look to make their payments up front through the 401-K plan and shift the risk to the individual. Freezing the DB plan reduces their risk and volatility. It ain't pretty, but the alternative can be having to fork huge amounts into the plan or risk the enormous underfunded liablitily that now exists at the teamster plans.
There are legitimate issues to use to single out YRCW management for criticism. I just don't think this is one of them.