Joe the plumber
TB Veteran
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A couple things, Muler. ABF was not successful at removing YRC from the face of the earth. They teamed up with Conway and FedEx and did their best but YRC covered up well. That does not make youzs the bad guys. That's what you're supposed to do. To the victors go the spoils. YRC got to the top by doing it.I still don't see where you come up with ABF was not successful.
This lawsuit is about whether or not ABF was placed at a disadvantage in the way the yrc collapse was handled.
ConWay and FedEx did what they did because in the past that would have been the death blow to yrc. After all yrc has done it to many companies themselves.
It cost them a lot of money trying to put yrc under and they have come back with a vengeance.
But you keep making ABF out as the bad guy in this matter. The blame falls squarely on the shoulders of the yrc brain trust and the IBT. They knew yrc could not live up to the 2008 contract when they negotiated it.
We have cash does yrc? No so we don't worry about the stock price right now.
We are more geared at moving freight something we are good at. We learned a long time ago that we are truck drivers and if we do the best we can at it we will be OK.
After all because of ABF's ability to out perform in a market that they are very much an under dog in due to wages and benefits they still profit enough to PAY FOR YOUR RETIREMENT. So instead of spitting on them you should be thanking them for being responsible enough to live up to their agreed to contractual obligations. YOUR PAYING YOUR PENSION BROTHER ALWAYS!
That makes a lot of sense. Ya think that is why the IBT gave them a contract they could live with? If I'm not mistaken YRC has as much liquidity as ABF has that should keep them from liquidating and that does not make your owners (shareholders) happy because they want a good return on the investment ever year or they're out of here.They knew yrc could not live up to the 2008 contract when they negotiated it.
ABF pension payments and me will never meet up