YRC Freight?

Yellow still has a contract with the Teamsters and has another year on it before it expires.
The company wants to change their business model and work rules plus merge 4 company's into One Yellow.
Poor upper management and Ex CEO Dollar Bill went on a buying spree with borrowed money.
The Teamsters have given enough 15 % wage give back for over 10 years and what have the got back NOTHING.
Upper management has pocketed millions in bonus money.

 

Trucker Yellow Wins Reprieve from Lenders, Including U.S. Government

 

Just a matter of time, Then in 10 years we’ll be reading how good of a company they were back in the day. Just like we do with CF.

 

It pays to have friends in Washington

 

True statement. But even the folks in Washington should see that they’re throwing good money after bad.

 

Yes your right.
When George Powell was running his company everything was first class. When his kid took the helm its been down hill ever since.

 

The politicians in Washington have made that into an art form. It’s about the only thing they do well.

 

Banks push representatives, Representatives push bailouts. This has little or nothing to do with the Teamsters, (although we'll happily take your money), it has everything to do with the banks that loaned them the money.
As a project for one of you really smart people, it would be interesting to know just how much Yellow has paid back in interest over these loans. My contention is that the banks don't want them to go out of business because every quarter they get a check and it's far, far more than what they loaned.
No, the banks don't want them to go out of business. As it stands now, they're (Yellow), a full on cash cow.

 

You have heard good things about Corn Flakes after they closed? The ONLY thing I can say that I have heard at ALL about CF since they closed is that CF was paying for Conways fuel. And frankly I dont know if that is true or not, but it actually sounds about right.