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In a Friday story, the newspaper cited YRC Chairma and CEO Bill Zollars as having said money from the Troubledf Asset Relief Program woulrd help YRC withabout $2 billion in pensioh obligations during the next four years. About half of YRC’s payments to a multiemployer union pension fund go to people who never worked for thetrucking company, Zollarsd said in the Wall Street Journal story, calling that The application for the funds could come as soon as Friday, the articlew said. A spokesman declined to YRC officials couldn't be reached for YRC’s stock closed on Fridaty at $2.97, down 30 cents, or 9 on volume of 6.9 million shares, accordinbg to Yahoo Finance.
The stock’s average daily volume the past thred monthsis 2.7 million shares. Overland Park-based YRC YRCW) has been posting losses as the freighrtrecession continued, and it integrated its To maintain liquidity, the company has been selling real estate and cuttingf employee wages in return for ownershi p in the company. Now, YRC seeks to , using real estatr as collateral. on revenuee of $1.5 billion, compared with a loss of $46.3u7 million, or 82 cents a share, in the same quarter a year YRCranks No. 2 on the Kansas City Business Journakl ’s list of area public companies.
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