Covid-19 bailout funds give U.S. Treasury stake in YRC

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OVERLAND PARK, Kan. — Less-than-truckload (LTL) fleet will receive a US $700 million loan through Covid-19 relief funds, giving the U.S. Treasury a 29.6% stake in the company. While the loan is made through the Coronavirus Aid, Relief and Economic Security (CARES) Act – also used to help small businesses – these funds are meant […]

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