What's new

ABF | YRC ABF

I'm thinking none unless it's "sympathy" movement. That's when ABF goes down just because YRC goes down and without YRC diving anymore ABF wouldn't dive in sympathy.
 
What would happen to YRC stock if ABF closed the doors the first of the year? Or better yet if YRC bought them out? Just curious what your thoughts are! :D
 
the5tolls said:
I was really just being sarcastic....but that's ok! There is no way that YRC is closing the doors the first of the year....it would put way to many guys out of their misery! :D
Click to expand...
I believe you. It won't close in January. But with no major holdings & the dismal 1st & second quarter coming for most companies, anything can happening. I believe if YRC goes out it wont be long before ABF Freight does the same. It is all about time in the market place. von.
 
vongrimmenstein said:
I believe you. It won't close in January. But with no major holdings & the dismal 1st & second quarter coming for most companies, anything can happening. I believe if YRC goes out it wont be long before ABF Freight does the same. It is all about time in the market place. von.
Click to expand...

I think YRC going under is one of the only things that might actually keep ABF afloat. One less competitor to undercut freight prices with (essentially) non-union freight prices. And that pains me to say, because Yellow was my first union company, and my best friend in the industry has almost a decade in over there.
 
albag said:
That is a rather ignorant statement! YRCW shutting down is not something anyone should find appealing.
Click to expand...

I think the employees @ YRC are happy to the fact they can't find better wages or benefits in the current market place. ABF is doing better in benefits but not by much, or enough to jump shift. If YRC can pay their operating costs, & interest on the loans & keep the doors open, the creditors won't call the note, just collect interest on the loan. But, when they can't cover operating expenses without new money coming in to keep the company operating, then they will close the doors & write off the Loan. YRC sold all their property. And what equipment they have will sell @ auction or go to the scrap yard. As to when or if YRC closes, take a guess. von.
 
the5tolls said:
I disagree, there may be many who would find this a bad thing, but I believe there would also be many who would find this a good thing. So to call the statement ignorant is not very accurate in my opinion.
Click to expand...
Do you seriously believe the closure of YRCW would be good for the industry?
If you do, please elaborate.
IMO the sudden availability thousands of highly qualified drivers will only have a downward effect on wages and benefits. You do understand the laws of supply and demand?
 
albag said:
Do you seriously believe the closure of YRCW would be good for the industry?
If you do, please elaborate.
IMO the sudden availability thousands of highly qualified drivers will only have a downward effect on wages and benefits. You do understand the laws of supply and demand?
Click to expand...
I don't think it would be bad for the industry to get one low priced carrier out of the game. I have seen more than one carrier go out of business in my time and thus far not one has made a ripple when it went out. My sympathies would be with those who are right on the cusp of retirement as they would have a hard time replacing their jobs. Historically the industry has absorbed the functioning workforce at an incredible pace. YRC is not only their own worst enemy, they are the worst enemy of all remaining carriers, union and not. i e, I have personally witnessed two instances where YRC went in and cut New Penn's rate (after the acquisitions). Their mindset has been to get the freight regardless of price, sometimes I wonder if they even know what it costs to move their freight. Please don't think that I forget the origin of my 7% concession + less vacation.

Maybe you can explain to me how it is in the best interest of the rest of the industry to keep YRC around.
 
You must log in or register to reply here.
Top