Yellow | YRC rebuffed in move to acquire ABF, ABF's parent says
- Thread starter cmsdock
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The process was invented by JP Morgan, it's called Morganization.
JP Morgan started after the Civil War, when he began investing in railroads and soon ruled the transportation empire. He didn't build roads; he took over or consolidated, under his control, railroads that had run into financial trouble,
It's no coincidence all the titles and property deeds show JP Morgan Chase as the lien holder, they are still around and still looking to make big $$ the old fashion way by consolidating industries in trouble selling off the excess and making bug interest $$ from the resulting corporation.
JP Morgan started after the Civil War, when he began investing in railroads and soon ruled the transportation empire. He didn't build roads; he took over or consolidated, under his control, railroads that had run into financial trouble,
It's no coincidence all the titles and property deeds show JP Morgan Chase as the lien holder, they are still around and still looking to make big $$ the old fashion way by consolidating industries in trouble selling off the excess and making bug interest $$ from the resulting corporation.
More Debit = more interest payments to them, after all that is how they make their money.
It's simple when you are this deeply in debit to the banks you do as they ask or they have you removed and put someone else in your seat who will.
From a business standpoint consolation and reducing capacity is how you raise pricing just look at wireless phone companies, auto dealerships and other big business it's not good for the workers be it labor or middle/lower management as there will be less of both. If you have the backing to pull it off it's a solid way to raise profits.
From a business standpoint consolation and reducing capacity is how you raise pricing just look at wireless phone companies, auto dealerships and other big business it's not good for the workers be it labor or middle/lower management as there will be less of both. If you have the backing to pull it off it's a solid way to raise profits.
huntingfool
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A letter was posted by managment in our drivers room, and everyone is up in arms.. the general consensus is, stupid idea, and how about giving us back our 15%, pension, and vacation time back, before trying something stupid like this... Besides, didn't YRC make an agreement that they could not try to buy any more companies, before these concessions were given back???
To answer your question, no. Regarding the rest of your post, YRCF or YRCW for that matter is not EARNING the money. They would borrow it. Those who would loan YRCW that money ARE NOT going to loan money for YRCF to give it to us! They are looking at RETURN ON INVESTMENT and from a business perspective it is a VERY attractive transaction. They don't care whether you are happy about it or not.
http://www.truckingboards.com/forum...w-efforts-acquire-freight-division-abf-3.html
See post by Turncoat.
Is this a 2010 MOU Linehaul violation?
ABF is moving our trailers. Empty or Full?
See post by Turncoat.
Is this a 2010 MOU Linehaul violation?
ABF is moving our trailers. Empty or Full?
D
Deleted member 5115
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Probably full of ABF freight. I have never seen it but have talked to drivers who say they see in frequently in certain areas of the country.
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See post by Turncoat.
Linehaul violation?
ABF is moving our trailers. Empty or Full?
Hoffa Statement On YRCW Efforts To Acquire Freight Division Of ABF"
That's how it started at Big R. Yellow started hauling some of our trailers and then we started hauling some of their's.
See post by Turncoat.
Linehaul violation?
ABF is moving our trailers. Empty or Full?
Hoffa Statement On YRCW Efforts To Acquire Freight Division Of ABF"
That's how it started at Big R. Yellow started hauling some of our trailers and then we started hauling some of their's.