Thread: Is Con-Way Sinking ABF & YRC?

Quote: Originally Posted by Sport Do any of you think that the Government wants the Central States Pension Fund on their books? The Government is behind all of this. The Government is just letting the banks administer the money. If word got out that the Government was propping up a trucking company , then every co would be on the Governments doorstep. I'm not sure what your saying............ If yrc goes under central states and about 3...

Quote: Pricing finally tips risk/reward balance in near term. Industry pricing has suffered due to a severe economic downturn and increased pricing competition by a few LTL carriers trying to take incremental market share ahead of the potential bankruptcy filing of YRC Worldwide (YRCW). We believe that LTL pricing will likely become incrementally more competitive versus current market expectations." Quote: "We would consider...

Quote: Originally Posted by colkid Correct me if I am wrong, but are the 90% discounts being discussed here based upon the old REGULATED book? Like I said earlier the last time I saw a rate book was when CF was still open. All you have to do is look at the freight bill, doesn't matter what book it is from, and from what I understand every carrier has a different one,here is an example Fed-ex national,up to 200# skid from the east coast...

Quote: Originally Posted by life@62mph Rates have to be published. Most of the discounts you here about are for YRC Freight sitting on the dock at a shipper. If the shipper gives it to the other company they get the 90% also have heard if they give a shipment they can get 100%. On a 1 time shipment with a contract on other freight. So it is smoke and mirrors. It sounds good but who is taking advantage of it? I think it would be great to see...

Quote: Originally Posted by #1Rookie If yrcw and abf go out of business what do your hourly rate would be in a year? Wages will remain be flat for years to come.frieght rates will skyrocket.but dont worry upper management will get pay increases and larger bonuses at fed ex and conway.

No one is sinking YRC but the economy, My opinion is that YRC dragged their feet far too long to merge the two companies, there where two terminals , two terminal managers two or more everything in too many cities, Roadway staff was competing for Yellow freight and they both were the same company.. I point the finger at the company, I think either one of them could have survived separately and I think had they merged the two companies...

you got that right. then thay buy out USF and close some of it down ? do thay do this to make them look like the number trucking company???

Quote: Originally Posted by thejoe I hate to be redundant but is it just me? No you're not alone, there are many delusional people who think as you do. There are many at work who seem to walk around with blinders on, they think the stocks will hit $20 in the next 3 months, all our customers will flock back after they find out what assholes cnw and fedex are and all our debt will be wiped out by the master workings of BZ. Time to snap out...

Quote: Originally Posted by Jeff No one is sinking YRC but the economy, My opinion is that YRC dragged their feet far too long to merge the two companies, there where two terminals , two terminal managers two or more everything in too many cities, Roadway staff was competing for Yellow freight and they both were the same company.. I point the finger at the company, I think either one of them could have survived separately and I think had they...

jeff, i think you have your history a bit skewed. to my recollection, it was yellow sales staff going around under bidding freight from rdwy's customers. it's all spilled milk at this point, but let's not re-write history.