Trouble is it wasn't worth $1.4 billion then and sure isn't now!
Trouble is it wasn't worth $1.4 billion then and sure isn't now!
Well some smart ceo thought it was?
I been here 23 years and yrc couldn't give this dump away,trust me.
Hey at least they didn't merge you USf guys they did that to roadway and all they got for there troubles was a reduction in pay and a bunch of hostility from the working welfare constantly telling them its all there fault
I keep seeing all these posts about how profitable they are and we need to spin them off
What do you think they are worth you know with all that profit they make?
Its value was not in the assets, rather its ability to generate cash flow to support the loser....buying time.
Buying time allowed the employees to continue to collect a paycheck. The IBT to collect dues. The BoD to collect their salaries. The banks to collect their interest.
If they couldn't save the sinking ship in time, so be it. If they had enough time to turn it around, fantastic. USF employees were the only losers in that deal.
I actually do hope they spin off Reddaway. When I read some of the hate and discontent from some of these irreplaceable, high-quality employees, I just want to separate so we can make a healthy go of it. BTW, Reddaway IS profitable.