Thread: Big-Foot YRC Drops the Other Shoe on Shareholders

Quote: Originally Posted by wild deuce Point on! YRCW has made arrangements with all of their lenders and shareholders (though that part is pending). How long will it be until Conway and their cut throat friends (our other competition) have to start answering to their lenders and shareholders? YRCW is almost complete with their plan. The competition is well on their way to choking themselves to death. In reality it's a race to the bottom...

Quote: ....ok..wage concessions..done that,not paying into the pension, done that, close terminals and lay thousands off, done that....and u still lost 160 million......how is this turning around..doom or gloom u still need to make money . . . and the economy is still struggling, and most companies are still seeing historically low freight levels. I notice how you "conveniently" keep leaving that information out. It's...

Quote: Originally Posted by Box Lover Doom and gloomers like you make me laugh! I must know something you don't because I'm one of only a handful of people in this forum who has consistently stated that we will make it into 2010. You aren't one of us! That makes you mad. You know Box I never attacked you. I have admitted many a time I'm doom and gloom, won't appologize for it either. I asked a simple question and...

Ok the economy is struggling.noooooooooo way..u got me thats the obvious....heres another obvious point yellow, roadway new penn and holland were all selling against each other for years..they were in their own personal price wars ..u go to a customer and they used each carrier..until recently they were forced to combine yellow and roadway,but new penn and holland still is taking freight.cmon now stupid is what stupid does...u have no idea who...

Quote: Originally Posted by thejoe Con-way had improved daily tonnage and posted a pretty hefty loss. Seriously???? Really??? CNW posted a $67 million PROFIT. Alas, I can post links... Con-way third-quarter profit slides - MarketWatch I do see the connection. And again, Joe, you're mixing up my scoffs. I scoffed when you said YRCW was "playing broke" - you know, when you tried to make it look like they really have a...

Quote: Originally Posted by imovaherenow Ok the economy is struggling.noooooooooo way..u got me thats the obvious....heres another obvious point yellow, roadway new penn and holland were all selling against each other for years..they were in their own personal price wars ..u go to a customer and they used each carrier..until recently they were forced to combine yellow and roadway,but new penn and holland still is taking freight.cmon now...

My positive spin is that they are still paying my bills and i will continue to give them an honest days work for my pay,,,so bite me!!!!

Quote: Originally Posted by The Truth Hurts Zollars and company needs to be investigated and what they have done to several great companies is a crime. Sorry, but incompetence and bad decision making is not a crime. It is what it is. Move along

I'm not here to spread doom and gloom, I'm just here to post the information that is spreading around the internet. An Analysis by: John Schulz of GLG Quote: Embattled trucking giant YRC Worldwide is asking its shareholders to give up 95 percent ownership in the trucking company to lenders in what it calls a "final step" in its recovery plan. Big-Foot YRC Drops the Other Shoe on Shareholders YRC is seeking big...

Quote: Originally Posted by thejoe That is where you are sadly mistaken. Con-way had improved daily tonnage and posted a pretty hefty loss. Don't you see the connection? How long can they haul freight at a loss with their predatory pricing. You scoffed again when I said YRC is letting them keep on trucking with that freight. Ok. It looks like we are gonna find out who can haul freight the longest for free. Yrc, even with their debt and...