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YRC update

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by navypoppop, Aug 3, 2023.

Page 1 of 2
  1. Aug 3, 2023 #1
    navypoppop

    navypoppop Road Train Member

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    2,858
    Dec 4, 2014
    Crestview, Fl.
    0
    Does anyone have any updates on the YRC fiasco? I haven't heard anything since the announcement last week. Hearing nothing is nerve racking for anyone involved in this real robbery of the drivers by a handful of crooks that controlled the company funds.
     
    navypoppop, Aug 3, 2023
    navypoppop, Aug 3, 2023
    #1
    bzinger Thanks this.
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  3. Aug 3, 2023 #2
    mjv2744

    mjv2744 Light Load Member

    56
    138
    Oct 2, 2021
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    I am not sure what you are expecting to hear. They laid off all the drivers and are insolvent.
     
    mjv2744, Aug 3, 2023
    mjv2744, Aug 3, 2023
    #2
    Lonesome, Bean Jr. and bzinger Thank this.
  4. Aug 3, 2023 #3
    lual

    lual Road Train Member

    4,512
    8,108
    Oct 22, 2020
    SW Georgia
    0
    Ummmmmm.....errrrrrr....aahhh.....:confused:

    I didn't really think there was anything left....to update. :(

    It's kinda like the very end of the movie, "Ferris Bueller's Day Off"....:

    "You're still here?!?.......It's over..........Go home!!!" :oops: o_O

    -- L
     
    lual, Aug 3, 2023
    lual, Aug 3, 2023
    #3
    Lonesome, Bean Jr., gentleroger and 3 others Thank this.
  5. Aug 4, 2023 #4
    jackoboyo

    jackoboyo Light Load Member

    219
    309
    Dec 30, 2014
    0
    Their stock has gone from under a dollar to almost $4.00 this morning.
    I don’t understand that
     
    jackoboyo, Aug 4, 2023
    jackoboyo, Aug 4, 2023
    #4
    Bean Jr. and Bumper Thank this.
  7. Aug 4, 2023 #5
    drvrtech77

    drvrtech77 Road Train Member

    13,885
    134,893
    Mar 20, 2010
    0
    drvrtech77, Aug 4, 2023
    drvrtech77, Aug 4, 2023
    #5
  8. Aug 4, 2023 #6
    blairandgretchen

    blairandgretchen Road Train Member

    13,305
    71,192
    Dec 9, 2011
    South west Missouri
    0
    Apollo Worldwide , a PE firm has expressed interest in buying it - maybe explains the stock price jump?
     
    blairandgretchen, Aug 4, 2023
    blairandgretchen, Aug 4, 2023
    #6
    exhausted379, Lonesome, bzinger and 2 others Thank this.
  9. Aug 4, 2023 #7
    lual

    lual Road Train Member

    4,512
    8,108
    Oct 22, 2020
    SW Georgia
    0
    Correct -- there's nothing else that it could possibly be...

    -- L
     
    lual, Aug 4, 2023
    lual, Aug 4, 2023
    #7
    Bean Jr., bzinger, JoeyJunk and 1 other person Thank this.
  10. Aug 4, 2023 #8
    trips74

    trips74 Medium Load Member

    367
    217
    Nov 7, 2007
    chicagoland, il
    0
    Is op doing ltl stuff, this is pretty vague but search you tube lots of yellow dirt on there. Mostly drivers crying about how screwed they got over after serving yellow for years. But thats the industry were in, these owners will say they care but in reality only care about there pockets
     
    trips74, Aug 4, 2023
    trips74, Aug 4, 2023
    #8
  11. Aug 4, 2023 #9
    RogerThat72

    RogerThat72 Road Train Member

    1,784
    990
    Jan 30, 2014
    0
    apply for a new job or file for unemployment... good luck driver cmon
     
    RogerThat72, Aug 4, 2023
    RogerThat72, Aug 4, 2023
    #9
  12. Aug 5, 2023 #10
    navypoppop

    navypoppop Road Train Member

    1,041
    2,858
    Dec 4, 2014
    Crestview, Fl.
    0
    That is what I was looking for. This possible financial buyout is something that you can not make any sense of but is interesting to see how it works out.
     
    navypoppop, Aug 5, 2023
    navypoppop, Aug 5, 2023
    #10
    Bean Jr. and blairandgretchen Thank this.
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