Every were you read there’s strong indications that we are in a freight decline. In early June one economist stated we are in a freight recession. Everyone who worked at one of the YRC companies saw a decline in freight. Some LTL companies have drivers laid off. Fed Ex suggested pilots find work elsewhere. Ups offered buyouts to pilots. Interest rates have increased dramatically over the past few years. Consumers have less to spend on nonessential goods and services. Yet a car haul company wants to buy a LTL company out of bankruptcy. Kmart bought Sears and later made millions on real estate and consequently has all but disappeared. Is Cooper really interested in preserving jobs? Are they interested in real estate sales? Are they strictly wanting equipment purchased for liquidation prices only to be sold for a profit? Was this planned for a long time behind the scenes with Cooper and Yellow? Bankruptcy got rid of a Union Contract, Yellow kept complaining about parts of it. Only to throw out that 11 dollars in raises comment at the end.
The whole thing seems rather odd to stick your neck out in such a fragile environment with the selling point of preserving jobs.
Unfortunately there is certainly way more to the story than meets the eye.
The whole thing seems rather odd to stick your neck out in such a fragile environment with the selling point of preserving jobs.
Unfortunately there is certainly way more to the story than meets the eye.
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