Shares of YRC Worldwide (YRCW) are lifting to fresh highs as a late reaction from a Kansas City Business Journal story from 11/24 seems to be affecting the stock’s upward momentum.
The story says that “the International Brotherhood of Teamsters is joining YRC Worldwide Inc. in calling for a federal judge in Arkansas to dismiss a lawsuit challenging three rounds of wage and benefit concessions approved by union members who work for YRC.”
YRCW continues to see an increase in volume; more than 1.2 million shares have already traded hands.
At last check, shares of YRCW were up $0.13 to $3.32, a gain of 6.2%
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