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

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In a release Monday, Overland Park-based YRC (Nasdaq: said the deadline was extended due toseveral factors, includinhg holiday mail volume, winter weathef in major parts of the country and the number of ballotf requests. The extension for about 40,000 Teamster-member YRC employees to vote on the proposeds national master freight agreementfollows YRC’s to buy back $150 millionm in senior debt that was contingent on union workers ratifyingv the wage cut. YRC had said Dec. 10 that the union employees had untilmidnight Dec.
23 to ratify the In a filing Wednesday with the Securities andExchangse Commission, YRC said it had entered into a sale-leaseback contracf of a pool of the company’s facilities with . The purchas price for the facilities wasabout $150.4 million with initialp annual lease payments of $21.1 YRC also said in the SEC filinfg that it had started negotiations with its banking group to modify terms of its credit facilities to give the companyg more financial flexibility, including changes to its leverager ratio. YRC ranks No. 2 on the Kansass City BusinessJournal ’s list of area publicf companies.