O
OkGoCloseEm
Guest
That's what YRCW, the holding company should do and most likely will do. If they spin the regionals that spin-off would be separate from YRC National, the regionals would have their own ticker symbol with its own place on the NASDAQ - so would YRC National. With this change YRCW would quickly realize that its main subsidiary YRC can't make it own its own, end up closing it and end tail the YRC drivers into the entirely separately listed regional company. Merge New Penn into YRC National? It would never happen because YRC does not have the knowledge, expertise and most important, the equipment to integrate an overnight regional network into its grossly obsolete hub-and-spoke, break bulk operation. The hub and spoke system is obsolete - that is why YRC National is losing tons of money. The regional business is the fastest growing operation in all of transportation, it pays better, its faster with materially less claims, better profit margins, etc etc from every angle. Zollers is obsolete like his hub and spoke network. Once Zollers is booted into his front porch rocking chair the holding company can repair the damage he has done throughout his entire tenure.
Why all this baloney about closing New Penn. Kansas only assumes that New Penn would vote no and YRC yes but say the flip flop happened or, better both companies vote no.
Bottom line, you must believe in the big bluff. A yes vote is not good in the short or long run for the industry, for you, for your family, for your retirement or for the future of the Teamsters even though trucking has not been their "baby" the past 10 years. A no vote will force the clowns in Overland Park to consider other options, make cuts elsewhere. When all companies vote no and realize they are still back to work on Monday we will have stopped Zollers in his tracks and sent a big message. He would be so insulted he'd take his calculator from his desk and resign immediately.
Why all this baloney about closing New Penn. Kansas only assumes that New Penn would vote no and YRC yes but say the flip flop happened or, better both companies vote no.
Bottom line, you must believe in the big bluff. A yes vote is not good in the short or long run for the industry, for you, for your family, for your retirement or for the future of the Teamsters even though trucking has not been their "baby" the past 10 years. A no vote will force the clowns in Overland Park to consider other options, make cuts elsewhere. When all companies vote no and realize they are still back to work on Monday we will have stopped Zollers in his tracks and sent a big message. He would be so insulted he'd take his calculator from his desk and resign immediately.