UPS BUYOUT OF YRC 2017

Discussion in 'YRC Freight' started by prochauffer, Sep 23, 2016.

  1. Elwood

    Elwood Question Authority

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    Only because I look much better in blue than brown! :17142:
     
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  2. vongrimmenstein

    vongrimmenstein Well-Known Member

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    Does Maryville have more than 2 residents? If not, that statement of the smartest man in town is now only a 50 / 50 proposition. von
     
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  3. fr8man

    fr8man Active Member

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    That Sir is a very acrimonious statement, and you're painting it with a very broad brush!
     
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  4. mysticobra

    mysticobra Just here.

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    No brown for me. I didn't ask for it.
    :17142:
     
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  5. falconfan

    falconfan Well-Known Member

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    I certainly wouldn't be excited about working for a militant style company,I'm kinda old for that b.s.. but if it kept retirees from pension pay cuts and YRC were debt free I think we would all feel better about the security of our jobs.IMO it would be a blessing for all.
     
  6. seabreeze

    seabreeze Not Well Known Member, 60 Year Teamster Member

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    Buster Brown don't want you old farts, they would need to add walkers and wheel chairs to their fleet.
     
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  7. mysticobra

    mysticobra Just here.

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    Every customer would have to be handicapped accessible!
    We already have the walkers and canes. Wheelchairs too!
    Gonna need stools at the feeders.
    Can't stand for long periods.
    :17142:
     
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  8. clydesdale

    clydesdale Active Member

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    ups gets paid 70 cents a mile and yrc gets paid 54 cents a mile,so I give it a big maybe.
     
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  9. Triplex

    Triplex Experienced stalker

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    To the best of my knowledge the only UPS drivers who get paid mileage are teams running sleepers. All other UPS trailer drivers (Feeders) are paid hourly.
     
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  10. nightowl

    nightowl Well-Known Member

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    He may have been referring to UPS Freight who gets paid by the mile....I had also heard once that feeder drivers who run over 500 miles get mileage. Not sure on that though.
     
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  11. clydesdale

    clydesdale Active Member

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    ups could buy yrcw just to stop some other company from buying us!!! they could run under the yrcw brand names and not change anything. Its not like ups freight is part of master freight contract ...we could be the JV team and haul for 54 cents a mile instead of 70 cents!
     
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  12. toilet paper

    toilet paper Well-Known Member

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    Btw we make 72cpm and $28.65 per hour at UPGF
     
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  13. Freight Maniac

    Freight Maniac Member

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    My friend you getting ahead of yourself. In January we will be at $28.65 and .72 cpm
     
    Last edited: Sep 6, 2017
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  14. Freight Maniac

    Freight Maniac Member

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    If you see a feeder driving slow that run is by the hour. If they blowing by everyone thats by the miles that's how you can tell.
     
  15. realityofitall

    realityofitall Active Member

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    No one in their right mind would buy a company that is in debt for 1 billion and then assume 10 billion or more in pension liabilities. They would wait for Chapter 11 bankruptcy, become a stalking horse bidder and then buy it all for fractions of a penny and not have to worry about pension issues or debt. Keep only profitable locations open and let the other properties go to auction. Even without the 2 hurricanes, YRC has already said its tonnage is flat so dont look for that bonus next year add in all the accidents and fatalities that have been happening.
     
  16. falconfan

    falconfan Well-Known Member

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    I totally agree no one will assume pension liabilities,that would be foolish and something would be worked out contractually beforehand .(if union allows)
    As far as the debt though if someone paid 2 billion for company there would be no debt and they would be getting a steal.
    We may never go into bankruptcy so if someone were interested I don't think they would wait.
     
  17. joes bar and grill

    joes bar and grill Well-Known Member

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    UPS does not want YRC, neither does anybody else, even Stevie Wonder can see it's losing proposition.
     
  18. sabresfan

    sabresfan Active Member

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    There's to many other profitable ltl's out there that could be had for the right price. Remember Watkins, American Freightways and Viking. That's just this millennium by one company.
     
  19. mysticobra

    mysticobra Just here.

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    Yrc does not want YRC!
     
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