Results 1 to 7 of 7
  1. #1
    Resistance is futile.

    Join Date
    Nov 2007
    Local Union
    391
    Employer
    YRC-Roadway
    Location
    North Carolina
    Posts
    11,371
    Rep Power
    882

    Default The sun's always shining somewhere

    Trucking company YRC Worldwide is struggling in the current climate, so it's seeking a distressed purchase of all of its publicly traded outstanding debt. Ratings agency Moody's (NYSE: MCO) suggests that move will be problematic, since YRC will then have to refinance it in a few years. Still, CAPS member teamsterjoe finds a lot to like in YRC's management:

    Because the upper management at Yellow Freight is top notch. The number one concern at Yellow is the labor cost. They have asked for concessions from the Teamsters and the Teamsters have tentatively agreed but the membership will never agree to a direct pay cut. Although they may agree to an ESOP with a laid-off employee relief fund. Which means Yellow will have to do everything they can to get the price of their stock up just like they did to get the price of their stock down to get the Teamsters to the table. Yellow is one of the most under valued stock in the Fortune 500.... What people don't realize and what gets by investors is Yellow's business dealings with DHL and the fact that DHL left the United States and LTL business went to Yellow.... Yellow is a top notch company with a good track record.
    I think they need to get up to date. We are not Yellow any more, but the rest is hopeful reading.

    I also hope they are wrong about us not agreeing to a direct pay cut.

    Unloved Stocks Ready to Shine

  2. #2
    I Am Rocking Now

    Join Date
    Dec 2007
    Local Union
    162
    Employer
    "Wonderful" YRC Worldwide
    Posts
    3,385
    Rep Power
    0

    Default Re: The sun's always shining somewhere

    Management at yellow is top notch???????????
    WHATEVER!!!!!!!!

  3. #3
    One More Time

    Join Date
    Mar 2008
    Local Union
    245
    Employer
    RoadWay Express
    Location
    In the Ozarks
    Posts
    2,846
    Rep Power
    479

    Default Re: The sun's always shining somewhere

    Yellow will have to do everything they can to get the price of their stock up just like they did to get the price of their stock down to get the Teamsters to the table.

    This is excatly what went wrong YRC thought all along the economy would bounce back and so would the stock.. And Zollars is still in charge.....to be continued......

  4. #4
    I Am Rocking Now

    Join Date
    Feb 2008
    Local Union
    407
    Employer
    ABF
    Posts
    3,104
    Rep Power
    788

    Default Re: The sun's always shining somewhere

    Yes

  5. #5
    My Queen !

    Join Date
    Jan 2008
    Local Union
    707
    Employer
    New Penn
    Location
    NY
    Posts
    179
    Rep Power
    142

    Default Re: The sun's always shining somewhere

    secrect business action between YRC & DHL - this is exactly why DHL may be the one to take some assets ( Reddaway & NP ) off of Yellow's hands. DHL's package division was a disaster and they gave up on it long before the announced shut down of a month ago. they got the bread ($$$) & relationship to make a deal with Dollar Bill. , we will see......

  6. #6
    I Am Rocking Now

    Join Date
    Nov 2007
    Employer
    Holland
    Location
    USA
    Posts
    2,449
    Rep Power
    363

    Default Re: The sun's always shining somewhere

    Quote Originally Posted by UnionTrucka View Post
    secrect business action between YRC & DHL - this is exactly why DHL may be the one to take some assets ( Reddaway & NP ) off of Yellow's hands. DHL's package division was a disaster and they gave up on it long before the announced shut down of a month ago. they got the bread ($$$) & relationship to make a deal with Dollar Bill. , we will see......
    What about Holland? We want out too!!!

  7. #7
    I Am Rocking Now

    Join Date
    Dec 2007
    Local Union
    162
    Employer
    "Wonderful" YRC Worldwide
    Posts
    3,385
    Rep Power
    0

    Default Re: The sun's always shining somewhere

    Quote Originally Posted by Chicken Hauler View Post
    What about Holland? We want out too!!!

    You're master freight,
    so as we say in the freight business AMF, YOYO

 

 

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