YRC Worldwide Salutes Bi-Partisan Legislation Designed to Protect Jobs and Pensions

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Thu Oct 29, 2009 4:00pm EDT

YRC Worldwide Salutes Bi-Partisan Legislation Designed to Protect Jobs and
Pensions


OVERLAND PARK, Kan., Oct. 29 /PRNewswire-FirstCall/ -- YRC Worldwide Inc.
(Nasdaq: YRCW), one of the largest transportation service providers in the
world, expresses strong support for legislation introduced this week in the
United States Congress that will save large and small businesses and protect
the jobs and pensions of hundreds of thousands of Americans.

The Preserve Benefits and Jobs Act of 2009, sponsored by Rep. Earl Pomeroy
(D-ND) and Rep. Pat Tiberi (R-OH), seeks to repair and resolve some unintended
consequences of The Motor Carrier Act of 1980, the Multiemployer Pension Plan
Amendments Act of 1980, and the Pension Protection Act of 2006.  The Motor
Carrier Act deregulated the trucking industry, while the Multiemployer Pension
Plan Amendments Act required companies in these plans to pay for the benefits
of retirees who never worked for them.  Approximately 40 to 50% of pension
contributions made by employers in many of these plans go to fund these
non-sponsored participants. 

"On behalf of nearly 40,000 YRC Worldwide employees, we wish to thank
Representatives Pomeroy and Tiberi for recognizing that these costs represent
a huge, hidden tax on large and small businesses that are unfairly shouldering
this burden," said Bill Zollars, Chairman, President and CEO of YRC Worldwide.
 "We are hopeful that Congress will take swift action to resolve this inequity
and protect the jobs and pensions of hard working Americans, retirees and
their families."

About YRC Worldwide 

YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park,
Kan., is one of the largest transportation service providers in the world and
the holding company for a portfolio of successful brands including YRC, YRC
Reimer, YRC Glen Moore, YRC Logistics, New Penn, Holland and Reddaway. YRC
Worldwide has the largest, most comprehensive network in North America with
local, regional, national and international capabilities. Through its team of
experienced service professionals, YRC Worldwide offers industry-leading
expertise in heavyweight shipments and flexible supply chain solutions,
ensuring customers can ship industrial, commercial and retail goods with
confidence. Please visit yrcw.com for more information.

    Media Contact: Suzanne Dawson
                   Linden, Alschuler & Kaplan
                   212.329.1420
                   sdawson@lakpr.com





SOURCE  YRC Worldwide Inc.

Suzanne Dawson, Linden, Alschuler & Kaplan, +1-212-329-1420,
sdawson@lakpr.com, for YRC Worldwide Inc.
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