Look at the last four quarters' worth of financial statements. Revenue at the end of 2011 was about where it was a year prior but net income is still negative. Retained earnings is even farther in the hole. Free cash flow is still negative. I guess even cutting back on break room donuts isn't helping where it counts financially.
It's hard to say which YRCW constituency is the dumbest: the executives running the place, the Teamsters who think it will turn around, or the creditors who keep agreeing to debt restructures. I'd like the creditors to explain just what assets they expect to recover from the company in the event it finally expires. Please note that unemployed Teamsters do not count as assets.
Full disclosure: No position in YRCW, ever.