If the company had chosen to file for bankruptcy months ago, it could have torn up that horrendous agreement with the Teamsters and start fresh with a new agreement giving them exactly zero pension contributions. That is now a missed opportunity and YRCW's other creditors will be poorer for it. Trucking companies with their eyes open can now see exactly what happens when union members get board seats. The unionized workforce will always put its own needs ahead of the company's, even at the risk of their employer's survival. Heads up, Arkansas Best (ABFS) . . . you could be next.
Full disclosure: No position in YRCW or ABFS. I have better places to put my capital to work than in unionized companies.