Some analysts have suggested that the restructuring will result in the closure of several regional facilities with the USF Reddaway and Holland lines. The news comes on the heels of a the fifth consecutive quarter of declining sales, with revenues dropping 2.4% in the 4th quarter. Overall, YRC saw an 8% drop in its national LTL division.

Further, YRC Chairman and CEO indicated that, with regards the the economic cycle, YRC feels we are "at about the bottom."

On bright spot for smaller carriers lies in YRC's new contract with the Teamsters. Under the terms of the new agreement, YRC will be able to offload certain freight to other carriers - a potential bonus for many smaller industry players.

With regards to the impact of deteriorating financials on YRC's expansion into China, Zollars said the company would close this year on its acquisition of Shanghai Jiayu Logistics Co. Expanding in China ''is a critical part of our strategy,'' and the price tag of as much as $75 million is a small sum in the context of YRC's finances, Zollars said.