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Leading trucker YRC Worldwide , which narrowly averted bankruptcy in December, expects to have a "global solution" to looming 2011 financial obligations within the next few months, the company's top executive said on Monday.The plan comes as improved business volumes are seen helping the still-struggling company post gains through the end of the year."We are not out of the woods yet. We've still got a lot of things to do, but ... we expect to be back on our feet by the end of the year," YRC Chairman and CEO William Zollars said at the Reuters Manufacturing and Transportation Summit in Chicago.Zollars and other executives with the Overland Park, Kansas-based company are to meet Tuesday with a new board of directors appointed after the debt-for-equity swap in December that kept the company afloat. The new board includes members with expertise in operational and capital restructuring, both high on the priority list for YRC.Zollars said the focus was on securing agreements with lenders and union leaders to trim deferred interest and pension benefits obligations that are set to hit YRC in 2011. Combined, those obligations amount to more than $100 million per quarter.
http://uk.reuters.com/article/idUSTRE64969620100510