YRCW is facing a serious financial crisis as it is reportedly burning through its free cash flow at a rapid pace. It is reported that at the current rate of working capital usage, the logistics company could run out of
cash by the third quarter of 2009 and file for bankruptcy.
This would be in September. The monetization of real estate assets is a part of company’s ongoing financial strategy to weather the economic recession and enhances its liquidity position.
The Company also faces $2 billion in pension payments in the next four years under a multi‐employer plan. The reason to burn all the cash ASAP is so they can qualify to file for Bankruptcy, otherwise it will be denied by the Court.
They are now three companies under one name YRC, Roadway and USF, they only have enough freight to keep two companies going, so they have been closing USF terminals left and right, putting all the blame on poor USF, when Yellow bought USF, for the next two years their revenue increased by 1 billion dollars a years until they put their hands on the internal operations of USF and screwed up USF operations, killing the goose that laid the golden eggs, instead of just leaving it alone. C'mon.
cash by the third quarter of 2009 and file for bankruptcy.
This would be in September. The monetization of real estate assets is a part of company’s ongoing financial strategy to weather the economic recession and enhances its liquidity position.
The Company also faces $2 billion in pension payments in the next four years under a multi‐employer plan. The reason to burn all the cash ASAP is so they can qualify to file for Bankruptcy, otherwise it will be denied by the Court.
They are now three companies under one name YRC, Roadway and USF, they only have enough freight to keep two companies going, so they have been closing USF terminals left and right, putting all the blame on poor USF, when Yellow bought USF, for the next two years their revenue increased by 1 billion dollars a years until they put their hands on the internal operations of USF and screwed up USF operations, killing the goose that laid the golden eggs, instead of just leaving it alone. C'mon.