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YRC hopes to sidestep bankruptcy with stock exchange plan
OVERLAND PARK, Kan. -- In its latest effort to stay afloat and keep competitive sharks at bay, YRC Worldwide has launched an exchange program to unload debt instruments in exchange for the company's common stock and new Class A Convertible Preferred Stock.
Mack and Volvo revving up for 2010
GREENSBORO, N.C. -- Mack Trucks and Volvo Trucks North America recently had their diesel engines certified by the U.S. Environmental Protection Agency and the California Air Resources Board to meet the near-zero emissions standards which take effect in January 2010.