Yellow | Logistics News: Will Financial Pressures on YRCW (Yellow Roadway) and other Carriers
- Thread starter Jeff
- Start date
interesting article, Jeff. I think the following explains the mess YRC is in.
"Wolfe reports that YRCW ended the third quarter with a debt to EBIDTA ratio of just 3.2, “dangerously close” to its load covenants that require a maximum ratio of 3.5. Wolfe Research “believes that YRWC is likely to take further action in the near term to reduce debt and avoid a covenant breach,” which can lead to various unpleasant consequences"
"Wolfe reports that YRCW ended the third quarter with a debt to EBIDTA ratio of just 3.2, “dangerously close” to its load covenants that require a maximum ratio of 3.5. Wolfe Research “believes that YRWC is likely to take further action in the near term to reduce debt and avoid a covenant breach,” which can lead to various unpleasant consequences"