Saturday, December 18, 2010

YRCW Breathes Easier After Lawsuit

Troubled YRC Worldwide got an early Christmas present from the courts:

A federal judge on Thursday dismissed a lawsuit ABF Freight System filed against rival trucker YRC Worldwide and the Teamsters aimed at blocking a labor agreement central to YRC’s survival.

Of course, this does not mean YRCW will survive in 2011 or even turn a profit.  Note the Teamsters' apparent desire for an outsider to buy YRCW and save a lot of union jobs.  Unions will try tactics like lawfare and corporate subterfuge when they're stuck with accepting concessions. 

Full disclosure:  No position in YRCW.