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YRC Worldwide loss widens in Q2, but ‘a new day’ is on the way

YRC Worldwide, whose four operating trucking company units control 10% of the $46 billion less-than-truckload (LTL) sector, continued to lose money in the second quarter. But those losses may soon be a thing of the past. YRC, citing its strategic position as a key carrier for the Defense Department, recently secured $700 million in financial aid from the federal government in exchange for a 30% stake in the company.
Source: logistics Mgmt

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