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New Penn | any news on us being sold????yrc new penn ect.....

Canadian Flyer said:
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Nobody ever expects these guys. And unlike Amazon, XPO, FedEx etc. these guys aren't anti-union. Everyone figured Celadon would buy CFI, but it was these guys instead.

TFI wants into the US market and LTL is their specialty. They've turned around union carriers on the verge of bankruptcy and closure before. If they could buy YRCW for the right price, I bet they would. But I don't think anyone else is interested in doing anything other than pick over the bankrupt corpse at auction.
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I seriously doubt is, YRC has a massive pension debt liability. No business would be willing to take that on. It would be better to wait and get the business for free. The rolling stock is almost worthless and most of the premium property is gone.
YRC has a market cap of $390 million most small regional LTL carriers are worth much more than that..
Thus what would a company be paying $$$ for?? Debt??
Will not happen....
 
Puff Driver said:
I seriously doubt is, YRC has a massive pension debt liability. No business would be willing to take that on. It would be better to wait and get the business for free. The rolling stock is almost worthless and most of the premium property is gone.
YRC has a market cap of $390 million most small regional LTL carriers are worth much more than that..
Thus what would a company be paying $$$ for?? Debt??
Will not happen....
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As I said, TFI has bought dying companies and turned them around. Their portfolio consists of most of the unionized carriers in Canada and things like pension liabilities have never stopped them before. The only thing TFI looks for is negotiating what they feel to be a fair market price for the company.

Buying YRCW would be a fantastic way for them to get into the US LTL market without much effort. Real estate and rolling stock have never been big concerns for them when buying a company. When they purchased TST Solutions, Overland Express was still operating tractors and trailers from the early 1980's in desperate need of replacement. And they have a dedicated real estate division that looks for good prices...every one of their facilities is for sale for the right price.

All I'm saying is that we have here a company that would actually have use for buying YRC if the price was right. Unlike most of the other companies people like to toss around.
 
Toby said:
Wong, in that 14’ MOU didn’t YRCW make it so that if it was sold that it had to be sold as a whole?

For the life of me I can’t see XPO buying this mess! Sure the freight lanes and customers, but XPO does well without taking on all of the mess that YRC created so why would they buy us? Amazon maybe as they are actively looking for a carrier of their own, but they have the money to actually start one from scratch if needed, and they already utilize outside carriers to move their freight for next to nothing with little overhead so I take them out of the equation as well.

Who else has deep enough pockets and the willingness to take on the boondoggle known as YRCW?
DHL?
UPS?
Google (they have google convoy now)
Uber (they have Uber Freight now)
^^^^^^^— both more geared toward the O/O anyway.
ODL?
CHR (CH Robinson)

Most in and around the industry know the mess that is YRCW. For the life of me I find it hard to believe an outside investor would want to touch this place. When you examine the numbers and debt as well as the labor liabilities and all that goes along with that, it becomes a huge deterrent for investors. Could a VC invest and liquidate? Sure, but even then you run into the asset side of things, or there lack of. Most assets are aged and worth little over all throughout the system so that factors in as well.
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The banks have this mess structured together as 1... that was the only way they would accept letting Zollars to continue. Buy 1, you buy them all. What any potential owner does after acquiring the regionals, and yrc, is then up to them.
 
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