Estes to make major investment in transportation industry real estate with yrc

Discussion in 'Estes Express Lines' started by Quiddler, Feb 20, 2009.

  1. Quiddler

    Quiddler Member

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  2. strangedays50

    strangedays50 Active Member

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    Yea,that eases my mind knowing the two or three hundred a week Ive been cut in pay has gone to shore up Robs real estate holdings.
     
  3. flstc2000

    flstc2000 Member

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    If you want to take the time and read the SEC filings, you will find that YRC also leases property's to Estes, while this new transaction mentioned above, does the reverse, YRC sold property's to Estes and YRC leased them back.
    Kind of like a corporate shell game, which shell has the money under it ?
    YRC Worldwide- SEC Filings
     
  4. Matt

    Matt Supah truckah

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    well its 120 million dollar deal so i think estes has the money under their shell
     
  5. fedex fedup

    fedex fedup Member

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    yup they do but it a;nt goin for you and your bud belly
     
  6. flstc2000

    flstc2000 Member

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    You mean they HAD the money under their shell, now it's in YRC's pocket.
    Tax write-offs ... they buy, you lease ... tax write-offs ... too bad it doesn't do the working man any good.
    Bet those executives are doing just fine in today's economy !
     
  7. Matt

    Matt Supah truckah

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    i wish i could get a day off right now
     
  8. mildew

    mildew Super Moderator Staff Member

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    Transfer to one of these easten terminals. Make a decent check and get more time off than the average part time worker but you'll still recieve full bene's.
     
  9. Kings disciple

    Kings disciple Ecc. 12:13

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    When other companies are struggling to make pay-roll and the banks are telling them they can't borrow any funds to cover their over head, big E is buying multiple million dollar properties. That speaks volumes about our companys depth. As for myself I feel very fortunate to be were I am.
     
  10. coleman99

    coleman99 New Member

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  11. roaddriver21

    roaddriver21 Member

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    rob must be waiting for yellow to go down.
     
  12. Kings disciple

    Kings disciple Ecc. 12:13

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    Sure it is...we got a raise this year when most did'nt and our company is still kicking in to our 401k. So even though I'm not using my extra money to grow my "bud belly" as you put it, we are still reaping the benefits of a sharp corporate office.
     
  13. Kings disciple

    Kings disciple Ecc. 12:13

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    Jealousy is such an ugly thing driver.....
    Our executives deserve to do well because they keep me prosperous. I would'nt want their job but I'm glad they do what they do to keep me rolling.
     
  14. mildew

    mildew Super Moderator Staff Member

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    Wal-mart recieved a big fat raise also. Its strange how some companies are getting paycuts and some are giving raise's at these depressing times. I remember hearing the word "corporate greed" used reguarly on this site. It don't look that way to me. I'm sure the increases will continue years to come.
     
  15. mildew

    mildew Super Moderator Staff Member

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    I'm sure he is.
     
  16. Kings disciple

    Kings disciple Ecc. 12:13

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    As far as Rob waiting for yrc to go out I'm not real sure about that. It looks to me like he has taken advantage of a good deal on property and his investment is protected either way, if they do stay in biz. (which frankly I hope they do I got alot of friends over there) Rob will make money leasing the terminals back to them. If they do go out then we will have the facilities to handle the extra frieght.
    Companies can always buy more equipment and hire more drivers dockworkers etc., but it is hard to find and secure good property for terminals. That is the key to moving more bills. You can't just pull into downtown Dallas, Detroit etc. and set up a terminal in a good location over night because of zoning, or other investors setting on the property till they get a big price for it.
    So I think Rob sees this as a safe investment either way the yrc thing turns out.
     
  17. Matt

    Matt Supah truckah

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    he is makin fun of me kings . throwin shots at me. i just didn't respond to him
    my rule is
    if ya can't spell ain't well then ya drank to much
    and i ain't got no need to fight with me sum drunks :nutkick::smilie_132:
     
  18. Kings disciple

    Kings disciple Ecc. 12:13

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    Lol ok...that's a pretty good rule ya got there..I ain't never heard that one.
     
  19. kb47

    kb47 Member

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    I got a raise 45$ and 35$ and 35$ in july its in are contract. Its just good to have a job.
     
  20. Kings disciple

    Kings disciple Ecc. 12:13

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    Yes sir I agree, it is good to have a decent job right now for sure. I hope things keep going your way in the future.
     

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