Puff Driver
TB Veteran
- Credits
- 416
I seriously doubt is, YRC has a massive pension debt liability. No business would be willing to take that on. It would be better to wait and get the business for free. The rolling stock is almost worthless and most of the premium property is gone.
Nobody ever expects these guys. And unlike Amazon, XPO, FedEx etc. these guys aren't anti-union. Everyone figured Celadon would buy CFI, but it was these guys instead.
TFI wants into the US market and LTL is their specialty. They've turned around union carriers on the verge of bankruptcy and closure before. If they could buy YRCW for the right price, I bet they would. But I don't think anyone else is interested in doing anything other than pick over the bankrupt corpse at auction.
YRC has a market cap of $390 million most small regional LTL carriers are worth much more than that..
Thus what would a company be paying $$$ for?? Debt??
Will not happen....