YRC Worldwide Extends Debt-for-Equity Offers to December 28

80% of Notes Tendered to Date

OVERLAND PARK, Kan., Dec 23, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- YRC Worldwide Inc. (Nasdaq: YRCW) announced this evening that it has extended the expiration date for its previously announced exchange offers until 11:59 p.m., New York City time, on December 28, 2009, unless further extended.

As of 5:00 p.m., New York City time, on December 23, 2009, 53% of the 8 1/2% Notes and 90% of the aggregate principal amount of the 5.0% and 3.375% Notes had been tendered into the exchange offers, representing 80% of the company's outstanding notes. As of the prior expiration date on December 15, 2009, 35% of the 8 1/2% Notes and 91% of the aggregate principal amount of the 5.0% and 3.375% Notes had been tendered into the exchange offers, representing 75% of the company's outstanding notes. The interest payment on the 3.375% Notes originally scheduled for November 25, 2009 will be paid on December 24, 2009, which is within the thirty-day grace period as provided for in the note indentures.

The company said that it continues to work with its noteholders through this holiday period to increase the level of support for this recapitalization, which is a key part of the comprehensive plan the company is implementing to place it on a more solid financial base.

SOURCE YRC Worldwide
http://www.yrcw.com