Discussion in 'XPO Logistics' started by highspeeds, Oct 31, 2017.
Maybe we will get more (much needed) freight at my barn...
Well, a full page of kiddy . Didn't expect that. I'll lead off with a touch of intelligence and see if it changes the narrative.
What does YRC gain ? Well, there are two YRC companies. One is the Yellow - Roadway mess. The other is the rest of Holland and New Penn etc., the part that actually makes money. By selling off the dead weight and focusing on the profitable parts of the business and getting the influx of cash from the sale to help pay some debt, the company remains solvent well into the future.
What does XPO get ? Well, the LTL is the least profitable portion of this company. And they want to move into economy freight. Con-way terminals are small. Buy getting some of these terminals that are several hundred doors big it offers the ability to move more freight. And move it more efficiently. Right now if you want to start up your inbound you have a FAC in the way. This cripples your city ops. And there is little to no room for anything else. Last mile, containers, etc.
Who loses ? The Yellow - Roadway employees. They get sold right out of a job.
I guess we'll just ignore your double standard. Look at that, another double standard. I'm sensing a pattern.......... So far, all you've done is talk about my feelings and call me a windbag. Care to offer anything of substance?
So you're the one crying nobody will answer your questions, so I'll answer yours as soon as you answer mine, who called you a liar?
Both of you two stop this right now, or I'm telling mom.
I watch the Brady Bunch reruns , an I'll be damn if this didn't sound like Marsha and Greg in my head when I was reading their back and forth.
Agreed. Cut it out.
A wise man once told me that "He who fart in church, must sit in his own peeuw."
I did a quick search to check out HS's rumor. It went like this "XPO logistics to buy" and at that point, Bing inserted the word CEVA. So I checked it out and here is one of the articles I found. Look like our supreme is still having some problems closing the deal in Europe. https://www.thestreet.com/story/142...-bradley-jacobs-xpo-acquisition-strategy.html
He has bought a lot of . Not all of it went smoothly.
Xpo already has like 7 billion worth of debt so whats another 2 billion. I say do it lol.
Lol don’t quit your day job...
And $8-$10 BILLION worth of assets to leverage more purchases.
We talked about this a while ago. Their are very different laws in place in various parts of the world. And some rich people don't like other rich people and try to block or restrict their progress until paid off. Really, it's all about the money.
Good point. He might buy YRC and then " adjust " our pay scale to match theirs. Would save him an ass load of cash versus what he is paying us now.
Actually you would get a pay raise. Contract states that if we’re bought out, our pay rates and vacations days go back to original contractual agreement. So with cost living raise we get yearly that would put hourly at $26+ with time and half after 8 overtime. Road rate pushing .64 cpm, and vacations max out at 6 weeks plus 5 personal days. Win for all parties.
2019 is close. What will the union leadership say that the rank and file need to vote for? 5 more years of -15% ? Maybe even a clause that locks in the losses if there is a buyout.
Let's be honest , the union leadership has done a lot of harm to the everyday man and woman in the freight division.
I don’t know
I hardly doubt the union membership would go for another extension. According to our freight director and the meetings he had with company executives the officials aren’t negotiating one either.
No the previous CEO of YRC done the harm to to the employees. Unions don’t operate the company.