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  1. #1
    Moving the Nations Freight

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    Default Bankruptcy at YRC Worldwide still likely: Morgan Keegan

    July 8 (Reuters) - Morgan Keegan said a bankruptcy at the struggling U.S. trucking company YRC Worldwide Inc (YRCW.O) was "still likely in the near to mid-term" and moved the stock to "not rated" from "market perform."

    Shares of the company sank as much as 23 percent to their lowest in two decades.

    UPDATE 1-Bankruptcy at YRC Worldwide still likely: Morgan Keegan | Markets | Markets News | Reuters

  2. #2
    Getting In The Groove Now.

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    Default Re: Bankruptcy at YRC Worldwide still likely: Morgan Keegan

    Just read it myself on google. Never anything good anymore to be said about YRC. I hope they have an ace up their sleeve somewhere, somehow I think they allready played it sometime ago. Somedays I think screw it, hang it up. Others I think hang in there long enough to see Conway sweat it out. I just hate the thought of them surviving and LTL teamster jobs being few to none. I think it's to the point we are going to have to give up alot, this is much more serious than some are realizing, if we go under Conway and Fed-Ex controls the LTL market. Eventually we will either pick new careers or they will be our new employer. Brothers I think the time will come soon that we have to decide, " How much do we want to stay Teamsters?". My answer is as long as I can!!!!
    Last edited by yfs09; 07-08-2009 at 01:25 PM.

  3. #3
    Having Fun Now

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    Default Re: Bankruptcy at YRC Worldwide still likely: Morgan Keegan

    Quote Originally Posted by Freight Teamster View Post
    July 8 (Reuters) - Morgan Keegan said a bankruptcy at the struggling U.S. trucking company YRC Worldwide Inc (YRCW.O) was "still likely in the near to mid-term" and moved the stock to "not rated" from "market perform."

    Shares of the company sank as much as 23 percent to their lowest in two decades.

    UPDATE 1-Bankruptcy at YRC Worldwide still likely: Morgan Keegan | Markets | Markets News | Reuters
    Just cause he said it, doesn't make it true. His little article this morning is what took YRC stock down. Nice little short play. IMHO. Some people would like to see the Teamsters gone and non union companies only. Have you read the articles where these analysis past out YRC's freight. after they are defunct,to Fed EX, Conway, Etc? If they would leave YRC alone to work out the problems without yelling Bankrupcy every other day, we might make it. Everyday you read about not enough freight to go around, so lets kill YRC, then there will be enough for all the non union companies to survive this recession.

    I vote to make it difficult to kill a teamster or his company.
    Last edited by pj2004; 07-08-2009 at 01:26 PM.

  4. #4
    Having Fun Now

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    Default Re: Bankruptcy at YRC Worldwide still likely: Morgan Keegan

    Analyst doesn't see resolution to trucker's talks

    According to the Teamsters for a Democratic Union Web site, the company is asking to push off pension contributions for 14 months, which would save it about $500 million a year. But unlike with previous concessions, the TDU says the company isn't offering anything in return.

    For that reason, Morgan Keegan analyst Art Hatfield said he believes "a successful outcome (is) less likely." When YRC and the Teamsters agreed to take a 10 percent cut in pay ea
    http://www.dragtotop.com/drag_it/search/site/web/59883



    Mr. we haven't heard yet, what the negotiations are about. SOOOO, keep writing.
    (or better yet, take the day off)
    Last edited by pj2004; 07-08-2009 at 02:34 PM.

  5. #5
    Having Fun Now

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    Default Re: Bankruptcy at YRC Worldwide still likely: Morgan Keegan

    YRC Worldwide (YRCW) Shares Smashed as Analyst Still Sees Possible Bankruptcy
    a Morgan Keegan


    StreetInsider.com - YRC Worldwide (YRCW) Shares Smashed as Analyst Still Sees Possible Bankruptcy

    YRC closed at .90

  6. #6
    Getting In The Groove Now.

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    Default Re: Bankruptcy at YRC Worldwide still likely: Morgan Keegan

    Quote Originally Posted by pj2004 View Post
    Just cause he said it, doesn't make it true. His little article this morning is what took YRC stock down. Nice little short play. IMHO. Some people would like to see the Teamsters gone and non union companies only. Have you read the articles where these analysis past out YRC's freight. after they are defunct,to Fed EX, Conway, Etc? If they would leave YRC alone to work out the problems without yelling Bankrupcy every other day, we might make it. Everyday you read about not enough freight to go around, so lets kill YRC, then there will be enough for all the non union companies to survive this recession.

    I vote to make it difficult to kill a teamster or his company.
    It is sad to see teamster ltl going the way of the dinosaur but it is inevitable.
    No buisness can compete just on service alone it is about the money and if you can`t do it cheap they will find someone who will. How much are you personally willing to give to keep your job? Personally are you willing to give up those great health beni`es for a lesser plan,how about pay alot less of that too? Look whatever yall decide it won`t be enough it will never be enough until the union is gone. Nonunion people will miss the union then.
    chainslinger

 

 

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