UPS/YRC merger

Discussion in 'UPS Freight' started by flat top, Aug 18, 2016.

  1. Apostolic

    Apostolic Super Moderator Staff Member

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    Rumors can also be very hurtful.

    K.Kid Thanks for the tip,I went to the YRC forum & read the article.
    True enough this is a printed document about a merger.
    However I looked up the author who turns out is speculating on how UPS could benefit from it.

    Now to find the source of the authors thoughts would be interesting.
    Could he have gotten his ideas from YRC corporate?
    I doubt it would have been from UPS,as there were no rumors, only facts published when they purchased Overnite.

    He did mention a spike in the YRC stock price,if that is his source of information, wouldn't it be considered insider trading?
    As wouldn't we all hurry up & purchase as much YRC stock as we could afford,to profit on a merger.

    Even after reading the sticky on the YRC forum I'm still skeptical,that UPS is planing on a purchase.
     
    Last edited: Aug 24, 2016
  2. ESP

    ESP Well-Known Member

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    I don't know, stranger things have happened. Commercial Lovelace Trucking purchased Leeway. Eastern and Associated transport. PIE and Transcon. Not to forget the Big R Yellow story with Holland. You put UPS freight together with YRC, just think about that blanket coverage with UPS management. You can forget about the pension liabilities, if UPS wanted to do it, it would be done. There is a global force working on this industry. Things are changing at a record pace. Equipment shortages and driver shortages. Why shucks there is even a shortage of rumors.
     
  3. Apostolic

    Apostolic Super Moderator Staff Member

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    Just show me a little actual facts on this merger.
    Well so's I can buy up all of the YRC stock I can,before UPS makes the purchase.
     
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  4. rugrunner

    rugrunner Member

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    My thoughts would be that ups buys abf after the contract is settled. We have the upack business that makes a ton of money. And a added bonus to there portfolio. Plus we have Revenue over 2 Billion dollars. That would make ups the leader in all the transportation markets.
     
  5. Skeeter

    Skeeter Well-Known Member

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    Might be right that would keep all the contractors busy...
     
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  6. jdk1600

    jdk1600 Member

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    I'd like to see UPS (UPS Freight) buy YRCW or ABF. UPS Freight needs to move from 4th to 1st to remain competitive.
     
  7. bubs

    bubs Active Member

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    They'd have to actually care about running a freight company to do that. They're not interested
     
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  8. toilet paper

    toilet paper Well-Known Member

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    Amen
     
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  9. Freight Maniac

    Freight Maniac Member

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    We are not in 4th place anymore. Old Domion passed us up. Old Domion is 4th now Ups Freight is 5th
     
  10. Apostolic

    Apostolic Super Moderator Staff Member

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    My opinion I really don't think UPS wants to deal with the National Master Freight Agreement contract & pension issues.
     
  11. GIALLO

    GIALLO Member

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    A reliable source, companies waiting for Teamsters president election, highly easier with Hoffa winning. Zuckerman winning may mean a delay or drop in negotiations between the companies...
    :poke:
     
  12. toilet paper

    toilet paper Well-Known Member

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    More like Hoffa will bend us over and laugh all the way to the bank.
     
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  13. Stimpy

    Stimpy Wingnut

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  14. Apostolic

    Apostolic Super Moderator Staff Member

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    Dues paying members pay the salaries of those officials in the video operating the union.
    However those officials were not going to address a hand full of dues payers.
    The only way you can get their attention, is to move to replace them with officials that care about the ones paying their salary.
    From the tone of this video,it looks like the folks at the top feel comfortable, where they may not care a whole lot about those they represent.
     
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  15. bubs

    bubs Active Member

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    Word on the street is that if Zukerman wins, his first stop is an ass kicking at SOH. Can't wait for that to happen......If I survive a few more weeks on the dock
     
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  16. cavscoutdad

    cavscoutdad Active Member

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    This election will be like all the rest that Jimmy Jr. has been in: nobody votes for him and he wins with 65% of the vote. ZukeRyan will never be allowed to win.
     
  17. toilet paper

    toilet paper Well-Known Member

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    So are you going to vote?
     
  18. toilet paper

    toilet paper Well-Known Member

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    There's a YRC pup on the yard in gbo can't help but wonder why?
     
  19. Apostolic

    Apostolic Super Moderator Staff Member

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    I liked TDU's Tom Leedham & Sandy Pope in 2006,I thought they had a good chance to take the election.
    However it didn't happen,every 5 years,no matter who runs against Mr.Hoffa,he has always won.
    Anyone think it will be any different this time?
    So far he won in 1998 over Ron Cary,was re-elected in 2001,2006,& 2011.
    However he is 75 years old,so another 5 year term he will be 80,thats when he may take his golden parachute & some one else will take over.
     
  20. BIG R GUY

    BIG R GUY Last, bag standing

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    I thought he already took his golden chute years ago, and was just cruising along now struggling to get by on the interest it earns ?
     

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