YRC's swaps surge, but CEO says company can service debt

04/6/2012 | Bloomberg

Credit default swaps covering the debt of YRC Worldwide are soaring, but CEO James Welch said the trucker can service its debt as long as business continues to improve. "Our customers are telling us a different side of the story versus what some of the analysts may say, or some of these CDS folks," Welch said. "Our business is growing. We've had double-digit growth."

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