YRCW article

Just read this article, what do you think? I know it's a bit old but we had a meeting last week and there wasn't any good news and they didn't really show any kind light at the end of the tunnel except maybe a train lol

http://www.fool.com/investing/gener...ransportation-stalwart-isnt-built-to-las.aspx

 

I've been reading threads at another forum for a long time learning about this situation. Their drivers have been talking about this stuff for years. It's funny these financial experts are saying the same stuff those drivers have been saying the whole time.

YRC is like a teenager with a credit card. They are only keeping their heads above water because other people (their drivers) are helping to pay for their debt (in the form of wage concessions and reduced pension contributions by the company). If the Teamsters hadn't taken that paycut, the company would've gone under long ago. It isn't sustainable. One little hiccup and they're screwed. It's a shame for those drivers.

 

Everyone has been saying that they will give back the 15% and then some in 2019 but I don't see that happening. I see that they start selling off the regional carriers if anything.

 

I didn't know they tried to buy out ABF, what good would that have done them? They have a hard time as it is right now. The problem with that whole situation was it was the tale wagging the dog Yellow Freight was smaller then Roadway and obviously really had no business buying Roadway out because this has been going on for a long time now. How many times have they almost gone under since 2008?

 

The Teamsters Central States Pension Fund is broke, but the Teamsters fine leadership still gives millions away to elect Hillary Clinton. If Teamsters members ever want a strong pension fund again they better quit voting for Democrats and letting leadership get away with their multi-million dollar "retreats" to Las Vegas and places like that.

 

YRC screws up everything they touch..aka Glenn Moore .

 

I don't see them selling off the regionals. If they do YRC goes under. Regionals kept them alive before they started finally profiting this year since 2008. Why sell what makes you the most money and bonuses? I know a lot of people are hearing rumors of buyout personally these are people that want it to happen more then it's reality. The rumor that's out there that company A wants to buy us. the last big company that company A bought nobody heard a peep that it was happening. It's illegal to leak it out. Insider trading. Plus this company that so called wants to buy us isn't gonna buy in election year. Plus they want to see what's happens with who is elected. They are more buisness savy then YRC will ever be. They didn't make money by impulsive buying.

The company is now profiting. Top YRC guy is making 8 mil in bonuses per year. They have to give back in 2019. Union guys aren't voting yes for a paycut. But they will hold everyone til 2019 at the pay rate it's at.

 

That sounds like an analogy for the US economy.

 

They sound like the next CF waiting to happen.

 

The ironic part about the whole thing is that the 2nd largest LTL company (Yellow) bought the largest LTL company (Roadway) and now YRC is number 3 behind FedEd Freight and XPO (Con-way). And Old Dominion is growing so fast that YRC will probably slip to #4 within a few years. $800 million in debt is unsustainable.