On December 31, we announced the successful completion of our debt-for-equity exchange offer. This vote of support and confidence from our investors is what we need to really get to work. Now, while most are making plans for the new year, we’re making plans for a new era.

This exchange offer was the key step in our comprehensive strategic plan to restore financial strength to YRC Worldwide. It allows us to take significant debt off our balance sheet, defer interest expenses, and gain access to additional liquidity we need to successfully weather the economic downturn.

For our customers, this means a healthier transportation industry. And, as the economy rebounds, it also means more transportation choices, continued competitive rates, and additional service options.

So it's an occasion to say “thanks” to our customers who continued to ship with us, regardless of what competitors and analysts were saying, to our note holders and our lender group, and particularly to each and every one of our union and non-union employees for your unwavering belief in YRC Worldwide.

Now, we start a new decade with our promise of Confidence DeliveredTM for your business through industry-leading service, the most comprehensive network in North America, and flexible global supply chain solutions. We continue to do what others said couldn’t be done.

Sincerely,

Bill Zollars
Chairman and CEO
YRC Worldwide