I have very little doubt that THEY WILL file for bankruptcy. I am speaking of chapter 11
It's a win-win for YRC !! They get temporary relief from the creditors, and can open the union contracts. -- I truly believe, that by this time next year, we (those lucky enough to be working) will be making the same wages and benefits as the non-union companies. -- Yrc will be able to break away from the mulit-employer pension.-- If not do away with it totally. -- Again - at the expense of the union employee.
ABF and the other union freight companies are all for it for sure!
Another way to think of it is that YRC will be able to regulate trucking again. They will be able to price match anyone.