Item 7.01. Regulation FD Disclosure. Investor Presentation
On November 17, 2010, William D. Zollars, Chairman, President and Chief Executive Officer, and Sheila K. Taylor, Executive Vice President and Chief Financial Officer, of YRC Worldwide Inc. (the "Company") will deliver a Company presentation at the Stephens Fall Investment Conference. The presentation will be available on audio webcast through the Company's website, www.yrcw.com. A copy of the slide show is attached hereto as Exhibit 99.1.
ABF Lawsuit
On November 16, 2010, YRC Inc., New Penn Motor Express, Inc. and USF Holland Inc. (each a "subsidiary" and collectively, the "subsidiaries" of the Company) filed a motion to dismiss the complaint filed by ABF Freight System, Inc. ("ABF") on November 1, 2010 in the U.S. District court for the Western District of Arkansas. In the motion to dismiss, the subsidiaries asked the court to dismiss ABF's complaint, which alleges a violation of the National Master Freight Agreement (the "NMFA") between the subsidiaries and the International Brotherhood of Teamsters, because ABF is not a party to the NMFA and, therefore, has no standing to challenge the NMFA or its amendments. A copy of the memorandum in support of motion to dismiss is attached hereto as Exhibit 99.2.
Forward-Looking Statements
The memorandum in support of motion to dismiss attached to this Current Report on Form 8-K contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "will" and similar expressions are intended to identify forward-looking statements.
The Company's expectations regarding the lawsuit filed by ABF are only its expectations regarding this matter. The actual outcome of ABF lawsuit is dependent on final resolution of the claims through the courts or grievance process under the Company's labor agreement.
The Company's expectations regarding the benefits from the new labor contract are only its expectations regarding this matter. Actual cost savings would be dependent on actual levels of employment.
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