XPO to buy YRC

Discussion in 'XPO Logistics' started by highspeeds, Oct 31, 2017.

  1. upnorth

    upnorth Super Moderator Staff Member

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    Hypothetically, let’s say this happens. Do you know if this would have to be approved by your gov’t?
     
  2. ltltrkr

    ltltrkr Active Member

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    Also remember that YRC sold most of the terminal and now leases them back.
     
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  3. troubleman84

    troubleman84 Well-Known Member

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    Go for it
     
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  4. trucknfool

    trucknfool Well-Known Member

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    That correct, Estes owns a lot of them
     
  5. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Not if it keeps the rest of YRC open. If they were to buy the whole thing, it would surely be brought up about creating a monopoly. But as an addition to one company and as a failing enterprise to the other. It wouldn't need any special consideration. A lot of examples of this exist in fairly recent history. The last 10-15 years.
     
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  6. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    We talked about this. No one seems to know which terminals were sold. Obviously, any purchase, that would be known information. And no one seems to know if there are any buy back provisions in any of the agreements.
     
  7. WiggleWagondrvr

    WiggleWagondrvr Member

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    I hope they will dig until their fingers bleed. There will be plenty of trash in her past and present. Dig Baby dig.
     
  8. WiggleWagondrvr

    WiggleWagondrvr Member

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    You are so right. Since DJT was elected the stock market has skyrocketed to new heights, the economy is roaring, taxes have been reduced, consumer confidence at an all time high.... the horror. You ask what if he is reelected? Hell I might buy a second home. smh.
     
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  9. troubleman84

    troubleman84 Well-Known Member

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  10. Skypilot

    Skypilot Head of Sheep herders union

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    And don't forget ,they also inherit all the yrc pension debt...not happening
     
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  11. joes bar and grill

    joes bar and grill Well-Known Member

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    And that is the reason they will run it into the ground.
     
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  12. Maltman

    Maltman Active Member

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    Or just wait and buy what they want out of it from bankruptcy court
     
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  13. joes bar and grill

    joes bar and grill Well-Known Member

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    I was talking about YRC running it into the ground, not gonna be anything of value when they get done.
     
  14. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Haven't they already ? Big balloon payments lurking. How much longer can it go on ?
     
  15. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    I love the way these guys think there are all these rules and laws that companies follow. After the last 40 years of trucking, with all the companies that have closed their doors under some of the most ridiculous of circumstances. If one of these billionaires wants things to go his way, magically, it will.
     
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  16. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    This is another thing we have talked about. Obviously, YRC ain't paying into the pension right now. The union could say that in the interest of saving jobs, this had to be sacrificed. I could see that going a few different ways. None of them good for the drivers, of course.
     
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  17. icuicp

    icuicp Well-Known Member

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    Highspeeds , let's say this rumor is right. ( it makes more sense than buying a truckload company for 3/4 of a billion dollars in the middle of a recession and sponsoring a NASCAR team for millions of dollars while issuing pay and benefit cuts )

    I guess Bradley Jacobs could make the union side the cheap division and make the non-union side the premium division since the pay is so different. Jacobs could buy all new equipment for the non-union side and push all of the old non-union equipment to the union ( hand me downs ) It would still be better than what they have now.

    All of that household , last mile , handfreight , stuff you really don't want to see crap - put it on the union side and let them deal with it - they are more equipped with work rules and union structure to handle non conforming freight.
     
  18. Skypilot

    Skypilot Head of Sheep herders union

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    How's the pay that much different,no ot med copay,add in your deductible,I made 87000 last year and trust me I didn't kill myself.when you add everything up at the end of the day you'll see not much difference.and Jacobs could careless about the ltl buisness,he wants logistics,truck load.he's not writing a check for more than a 100 mil to a pension just to get a freight company.why do you think ups didn't buy yrc.tat pension is a boat anchor for any perspective buyer,and furthermore why would the bank want to sell a cash cow.they are the owners of yrc.
     
  19. icuicp

    icuicp Well-Known Member

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    If the pay was similar , you would have made more.

    Yes , Jacobs cares about logistics , he also is a forward looking person by all accounts , and cornering a market is a great way to ensure you make money. He has a logistics company.

    Why would a purchase of YRC Worldwide require a check to bailout the pension? I sympathize and roughly follow what goes on , but the reality is not fair to those in the pension. As YOU stated UPS has stayed away based on your speculation , because of the liability of the pension. My point is , if whoever that owns it , wanted to sell it , it will get sold and agreements will be wiggled out of , not honored , or ignored. It's a cold hard reality.

    Finally , because YRC Worldwide is publicly traded , there are rules as to how it would go if a viable offer to purchase the company would go. There is a fiduciary responsibility by the officers of the company to consider real offers. Everything has a price. Check YRCW's , it's a bargain right now - even WITH the pension liabilities.
     
  20. Skypilot

    Skypilot Head of Sheep herders union

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    as far as the pension,yrc owes over 100 mil,and that would have to be paid,but I do agree with you,I just think Jacobs realizes or ups for that matter,....your basically throwing that money away.they could better spend it.I think that's why a lot of prospective buyers have stayed away.but it is the freight business,bad decisions made everyday in our racket,nothing would surprise me.
     
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