Tag: Covid19 Rescue Loan

YRC Worldwide to receive $700m state rescue loan

US major LTL carrier has been significantly impacted by the COVID-19 pandemic, with the ‘vital funding’ said to come from a section of the Cares Act dedicated to companies essential to US national security Major US less-than-truckload (LTL) road freight carrier YRC Worldwide (YRCW) is to receive a $700 million rescue term loan from the US Treasury Department within the framework of the CARES Act, a US programme designed...

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