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National tragedy postpones Roadway’s sale of Arnold Industries

Published Thursday, September 13, 2001

Roadway Corp. said last night it will postpone the sale of up to $700-million of bonds and loans because of the terrorist attack on the World Trade Center and the Pentagon. Roadway CFO Dawson Cunningham and other executives of Roadway were scheduled to meet this week with Moody's Investors Service and Standard & Poor's (S&P) to have their debt rated, a needed step for investors to be willing to buy the securities. ``Obviously, that's not going to happen,'' Cunningham said. Moody's and S&P both have offices in New York's downtown Manhattan, near where two hijacked planes crashed into the ...

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