Quote from Daily Finance
"So can YRC be saved?
How to drive YRC out of the ditch
Actually ... maybe ... yes. It's a bit of a Hail Mary, but I see at least one scenario in which the company could actually make it out of this financial highway pileup, and emerge intact on the other side.
Consider: According to YRC, the $150.9 million it currently pays in annual interest exceeds the $92.6 million in interest obligations paid by "all [of its] competitors combined." Con-Way , for example, sports a debt load about half of YRC's, yet pays only about one-third as much in interest on that debt. Old Dominion Freight has 12% the debt of YRC, but only 7% of the interest expense.
If YRC can renegotiate its debt reduce the overall size of the debt, and/or to obtain interest rates similar to what its competitors pay, it might save as much as $60 million in interest payments annually. That alone would suffice to turn the company's projected $50 million fiscal 2013 loss into a small profit."
This is why we need to give the company and union, at least a chance, to negotiate!
This would require voting "yes" on the consensus vote.
If you don't like what comes from the negotiations, you can always, vote "No" then.