Discussion in 'YRC Freight' started by prochauffer, Sep 23, 2016.
Not sure if many of you guys and girls realize it, but that pro chauffer person that started this thread has a track record of having reliable inside information over the years. His posts are not as far fetched as many of you may think. He must know someone very high up in the company chain of command.
I really do want to believe in santa Claus, I do but.....
Santa may not be able to rescue YRCW, though.
I bet he can.
As long as he brings some new tractors, I can even live without the red suit.
One at a time, Rudolph ain't a yearling anymore!
Hmmmmm? I'm hoping you didn't mean that the way it came out!
My money is on the Tooth Fairy!
I don't want to facilitate a rumor but since it's already started I'll tell what I have heard from source I won't mention.We know UPS is liable for an additional amount of over 3 billion dollars if the treasury approves cuts to the pension.
As far as I know this rumor is made up possibly because it sounded like a good idea from someone above where I heard it from.He says UPS put an offer on the table to shore up the pension for a 1% rate of return as long as remaining companies then continue to contribute 100%.
In addition, buying the regionals for X amount and leaving YRC debt free.Whether or not this has substance we may never know.Offers have been made before and turned down by one side or the other. This sounds like a pipe dream and probably is but since the rumors are floating I'm relaying what I heard a couple months ago and sounds like something we heard years ago that has resurfaced.
In addition I questioned the shoring up the pension bit because that would probably take over 11 billion( I think?) But what the hell,let's keep the 10 year long rumor going.
Mergers & Acquisitions can happen to any company now days .Lets all PRAY that one happens soon to old yellow pig , http://www.truckinginfo.com/channel...ave-of-trucking-mergers-and-acquisitions.aspx
Be careful what you wish for.
If J B Hunt buys you, you may lose your week end trip on the Hotel!
" the devil I know..."
The last paragraph may blow it for us.
What buyers are looking for by and large are well-run companies, with the freight up to date, with a management team that will stay after the owner leaves.
Wait, what? There's no Santa Claus?
I would say both words, merger, and acquisitions, blow it for us....
Who knows, If the J B Hunt deal flys, you may be able to trade the Bag for a later model Sack.
Hell, y'all couldn't deal with working for UPS....watch what you ask for.
The smartest man in Maryville, TN.