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YRC Worldwide Inc. Message Board

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  • lottopol.geo lottopol.geo Nov 19, 2009 6:41 PM Flag

    Will YRCW try to operate in CH11?

    Apparantly those who ship by air did not have any qualms about shipping with UAL, NWA DAL etc. when they were in bankruptcy.

    Ch 11, generally allows a company to vastly bolster its financial in the short run, since they can obtain DIP financing and dont have to pay debt service, pre-petition obligations or union wages. I know of no major US coprporation that went into CH 11 and ceased operations within a year, some eventually do but much later.

    The real worry would be that YRCW liquidates on Dec 7 if the exchange fails, but if shippers cared about that they would not be shipping now.

 
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