YRC Worldwide Sets January 4, 2010 as Record Date for Special Shareholders Meeting

Jan 05, 2010, 08:51 ET from YRC Worldwide

OVERLAND PARK, Kan., Jan. 5 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) announced today that it has established a record date of January 4, 2010 for its special meeting of shareholders to vote on an amendment to its certificate of incorporation to increase the amount of authorized shares of common stock, to reduce the par value of the common stock and to effect a reverse stock split and to proportionately reduce the number of authorized shares of common stock, as previously described in the company's filings with the Securities and Exchange Commission in connection with its recently completed debt-for-equity exchange.

The company's shareholders as of the close of business on the record date will be entitled to vote at the special meeting. The company will file a preliminary proxy statement with the SEC detailing the specific matters to be considered at the special meeting. The company will set the date and time for the special meeting promptly following the completion of the SEC's review of the preliminary proxy statement.

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.

    Investor Contact: Paul Liljegren
                      YRC Worldwide Inc.

    Media Contact:    Suzanne Dawson
                      Linden Alschuler & Kaplan

SOURCE YRC Worldwide