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Reddaway | For sale?

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freight1952

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What are your thoughts about what will happen with USF? I can not imagine YRC keeping USF as a company since USF was not included in the Yellow/Roadway merger.
 
Am I the only 1 that thinks this is a question from the inside. Something fishy about the way that was asked...:shifty: Then again, it could be that I forgot to take my meds this morning.:wacko:
 
The more I think about it, you guys are right. He's definitely from the outside. Conway or where ever, he knows less than we do.
 
on the market

R+L Driver here. That is the talk around Vegas. But not that ABF is looking to buy. But that USF is up for sale. To get some cash flow. And YRC has sold some of it terms then leased them back. This is coming from Drivers on the loading docks. Who knows what's true. But YRC selling Terms is fact. Estes is the buyer. And R+L has made offers to buy some and lease back.
 
Sorry to say jaguar95, that's nothing new. YRC selling terminals and leasing them back has been going on for a while. Estes, Saia and about 10 different real estate investment firms ave been buying them.
 
A tough ride through a tough year

We have the ability to pull through. Our numbers are good. And with the semi independance that we now have as just "Reddaway" again, we should survive the storm. Management is saying as long as our numbers are good, YRC will leave us alone. So we are kind of independent as long as we make a profit. Yet, there is no question that we would be better off if a company with cash in the bank and no debt bought us from YRC. BE SAFE
 
not to burst your bubble there steaker, but yrcw won't let any of us alone, they are takeing every damn dime of profit ,they are selling yours and ours-npme- terminals and takeing all the cash they can get to fill there coffers to keep yrc alive. npme and reddaway have a good interline thing going and it makes money for both of us, ok. i see the revune. but the fact is your not reddaway, and were not npme, and holland ain't holland anymore but in name. truth is were all just big losers under the YRCW banner,even if our individual companys do turn a profit. it's all going to save yrc. npme has always paid for there equipment, yrcw forced us to take delivery of 50 tractors we didnt want, and said you will lease them. more monethly expense, they have sold 3 that we no of terminals,for millions,taken the cash, and now we lease them from our biggest competitor in the northeast. includeing our nyc terminal, more expenses for us ,more cash in there pockets, all to save yrc.in the end,they will liquidate reddaway npme and holland and sell everything they could possably get a dime for just to save yrc. 1st quarter results came out , not as regional or national but as YRCW and subsituarys lost 257 mil. were all one big family of losers to them, as they bleed all the cash from us they can get and put the expenses on our books. they posted final numbers with the SEC yesterday and signed off on them, said the regionals, came in at a 1.20$ o/r , said the regionals lost 74 million for the company in the 1st quarter. you won't be sold ,we won't be sold or holland either, it's just a pipe dream for all 3 of us.
 
allnightrain44 said:
not to burst your bubble there steaker, but yrcw won't let any of us alone, they are takeing every damn dime of profit ,they are selling yours and ours-npme- terminals and takeing all the cash they can get to fill there coffers to keep yrc alive. npme and reddaway have a good interline thing going and it makes money for both of us, ok. i see the revune. but the fact is your not reddaway, and were not npme, and holland ain't holland anymore but in name. truth is were all just big losers under the YRCW banner,even if our individual companys do turn a profit. it's all going to save yrc. npme has always paid for there equipment, yrcw forced us to take delivery of 50 tractors we didnt want, and said you will lease them. more monethly expense, they have sold 3 that we no of terminals,for millions,taken the cash, and now we lease them from our biggest competitor in the northeast. includeing our nyc terminal, more expenses for us ,more cash in there pockets, all to save yrc.in the end,they will liquidate reddaway npme and holland and sell everything they could possably get a dime for just to save yrc. 1st quarter results came out , not as regional or national but as YRCW and subsituarys lost 257 mil. were all one big family of losers to them, as they bleed all the cash from us they can get and put the expenses on our books. they posted final numbers with the SEC yesterday and signed off on them, said the regionals, came in at a 1.20$ o/r , said the regionals lost 74 million for the company in the 1st quarter. you won't be sold ,we won't be sold or holland either, it's just a pipe dream for all 3 of us.
Click to expand...

wow .that hurts when you say it like that:nutkick:
 
I'm riding it where ever it goes myself. Each person will have to decide what to do for themselves. If you're on the bottom and laid off it may be a rough ride for a while.
 
allnightrain44 said:
not to burst your bubble there steaker, but yrcw won't let any of us alone, they are takeing every damn dime of profit ,they are selling yours and ours-npme- terminals and takeing all the cash they can get to fill there coffers to keep yrc alive. npme and reddaway have a good interline thing going and it makes money for both of us, ok. i see the revune. but the fact is your not reddaway, and were not npme, and holland ain't holland anymore but in name. truth is were all just big losers under the YRCW banner,even if our individual companys do turn a profit. it's all going to save yrc. npme has always paid for there equipment, yrcw forced us to take delivery of 50 tractors we didnt want, and said you will lease them. more monethly expense, they have sold 3 that we no of terminals,for millions,taken the cash, and now we lease them from our biggest competitor in the northeast. includeing our nyc terminal, more expenses for us ,more cash in there pockets, all to save yrc.in the end,they will liquidate reddaway npme and holland and sell everything they could possably get a dime for just to save yrc. 1st quarter results came out , not as regional or national but as YRCW and subsituarys lost 257 mil. were all one big family of losers to them, as they bleed all the cash from us they can get and put the expenses on our books. they posted final numbers with the SEC yesterday and signed off on them, said the regionals, came in at a 1.20$ o/r , said the regionals lost 74 million for the company in the 1st quarter. you won't be sold ,we won't be sold or holland either, it's just a pipe dream for all 3 of us.
Click to expand...

The quarterly report said that the regionals were operating in the high 90's and that came right from Zollars .We were told that Newpenn operated in the mid 90's so I don't see where you get 1.20...I also think they will be forced to sell off the regionals as the thirst for cash grows on YRC
 
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