YRC Worldwide Inc. (YRCW) today confirmed the dismissal of the ABF Freight System lawsuit.
According to the co.’s latest press release, the U.S. District Court ruled that ABF Freight System does not have standing to sue YRC Worldwide Inc. and the union in court.
“From the moment the suit was filed we were extremely confident it had no merit,” said Mike Smid, president-YRC Inc. and chief operations officer at YRC Worldwide.
At last check YRCW gained $0.50, or 14.79 percent, to $3.84 at 2:01 p.m. EST in Nasdaq composite trading.
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