Reddaway | New Life

YRC Worldwide Gets Approvals for Debt-for-Equity Offers

I hope that relieves some of the stress of our situation. I work for YRC, but we are all in this together.

It relieves nothing. YRC basically sent out a memo making it look like the swap has taken place and it was approved. James Hoffa sent a letter off to NY's AG yesterday expressing what most people felt. That YRC was hinting at something that wasn't true to promote their stock.

It wasn't. I read the memo given to me by a YRC employee. It's still contingent upon getting 81% of the bonds tonight. We are no way out of the clear.
 
From what I read in the article, it meant that YRCW finally got the verbage right in the document requesting the equity swap and the SEC approved said document.
 
Well here we go folks the water is starting to spin faster now and it's getting close to when we go down the drain, as of today we have customers canceling and back striping trailers because they think YRC is done and this will help kill it.
 
Up to You, now

Feel better about your job, in spite of ALL the negativity on all sides the Greatest Magician of all time has once again pulled a rabbit out of an empty hat.
The shipping community will be able to continue to enjoy ridiculously low shippng rates due to our success in holding off bankruptcy. Pray for an economic rebound.
Now the burden falls on the men and women that have stressed over our fate for so long. EVERYONE AT ALL OPERATING COMPANIES OF YRCW NEED TO PULL TOGETHER AND SHOW OUR CUSTOMERS WE DESERVE THEIR BUSINESS. Go out and do the job that we are capable of doing.
 
Amen ... Lets do the best job we can for the customer. Let the customer know we still offer the best service out there. Be Safe
 
Feel better about your job, in spite of ALL the negativity on all sides the Greatest Magician of all time has once again pulled a rabbit out of an empty hat.
The shipping community will be able to continue to enjoy ridiculously low shippng rates due to our success in holding off bankruptcy. Pray for an economic rebound.
Now the burden falls on the men and women that have stressed over our fate for so long. EVERYONE AT ALL OPERATING COMPANIES OF YRCW NEED TO PULL TOGETHER AND SHOW OUR CUSTOMERS WE DESERVE THEIR BUSINESS. Go out and do the job that we are capable of doing.

well said Albag! thats good advice!!!
 
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