The sale-leaseback agreement followed Teamster ratification of the company’s wage and benefits reduction plan, which will save the embattled trucker more than $800 million by the end of 2010 and more than a billion dollars by 2013.

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YRC Worldwide union workers accept concessions
(Excerpt from article for The St. Louis Business Journal)

...Also Friday, YRC said it had reached another sale-leaseback agreement with NorthAmerican Terminals Management Inc. to sell excess properties for about $81 million, expected to close in the third and fourth quarters. This year, YRC expects sale-leasebacks to yield about $375 million in cash; property sales are expected to bring more than $100 million...

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