YRC union members have until Jan. 6 to vote on contract - St. Louis Business Journal:

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In a release Monday, Overland Park, Kan.-basef YRC (Nasdaq: YRCW) said the deadline was extended due toseveral factors, including holiday mail volume, winter weatherd in major parts of the country and the numbet of ballot requests. The extension for about 40,000 Teamster-member YRC employee to vote on the proposed national mastee freight agreementfollows YRC’ds to buy back $150 million in senior debt that was contingent on unionn workers ratifying the wage cut. YRC had said Dec. 10 that the unionn employees had untilmidnightg Dec.
23 to ratify the In a filing Wednesday with the Securities andExchange Commission, YRC said it had entered into a sale-leaseback contractg of a pool of the company’w facilities with . The purchase price for the facilities wasabout $150.4 million with initial annual lease payments of $21.q million. YRC also said in the SEC filingf that it had started negotiation s with its banking group to modifyg terms of its credit facilities to give the compant morefinancial flexibility, including changes to its leverage , a subsidiary of YRC Worldwide Inc., recentlty laid off about 50 employeesd in St. Louis and about 150 in nearby Ill.
, as part of a changes in service providers by one ofits clients.