XPO to buy YRC

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

  1. holland68

    holland68 Who cares

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    Get your info right.put facts up if you are gonna be Mr know it all...you probably the biggest rat in your barn.you worry about xpo,ill worry about yrc...I have a lot of good conversations with xpo drivers,we all work for who we work for,for a reason,you have a lot of good folks who work there,as we do....keep the hatorade to your self,I can tell you this,yrc will be here when you retire....who got crickets now.....be safe out there...but 0leade don't speak 9n something you now nothing of
     
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  2. holland68

    holland68 Who cares

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    And you are wrong about yrc.get your facts right
     
  3. whip1

    whip1 Well-Known Member

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    Says put up facts and then makes things up about being a rat......... which is it? Facts or nonsense?
     
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  4. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    I posted facts. You haven't disputed any of them. Just more name calling and acting a fool.
     
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  5. joes bar and grill

    joes bar and grill Well-Known Member

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    You run around asking for facts, yet when I asked you what bank, you have no answer, so what is it, you heard it at the lunch counter from the ex navy seal, or you made it up?
     
  6. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Where did I ask for facts ? I posted facts.

    Trust you ? Where are you getting your information ? Congratulations on finally getting both businesses under 100 OR. You technically have an opportunity to be profitable even though you have again shown a loss. And as far as paying down debt ? The EBITDA to debt ratio in 2016 was 3.4 it's 3.38 for 2017.

    Taken from post 96 of this thread. I asked why I should trust him and where he got his shoddy information. You can see it ? Right ? I never asked him for facts. I know better. If he had anything intelligent to say, he would have led with that and followed it with the name calling and foolishness. At no point did I expect anything factual to come out of him. If I did, I would be the foolish one.
     
  7. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    You should fully read and understand these articles, if you work for YRC. Good luck on the contract.




    http://www.logisticsmgmt.com/articl...o_yrcs_future_as_company_pursues_wage_cut_ext

    “There are really four groups—employees, customers, banks and shareholders,” Jindel told LM. “The banks and shareholders will not save the company. Employees and shippers will.”


    http://www.dcvelocity.com/articles/...ompanys-future-becomes-someone-elses-problem/



    At the same time, the company is coming off a sloppy third quarter, which warranted a mid-October negative pre-announcement blaming the results on the combined impacts of hurricanes Harvey and Irma on its network operations, even though other LTL carriers didn't seem too affected by the storms. (The narrative prompted David G. Ross, who covers YRC for investment firm Stifel, to coin, in a research note, the phrase, "Here comes the story of the hurricane, the storm YRC came to blame.") The quarter also brought surprising news of poor performance from YRC's New Penn Motor Express regional unit, for decades considered the gold standard of LTL efficiency and profitability. The weakness, which a source said was attributed to IT issues, led to the resignation of its president.


    YRC caught a break when its lenders agreed to extend the maturity date for a $641.7 million term loan to July 26, 2022, from 2019, a move that Ross of Stifel said gives the company more breathing room and better negotiating leverage with the Teamsters. Lurking in the background are about $2 billion in unfunded pension liabilities, which, as with most such obligations, is classified as an off-balance-sheet expense. At this time, YRC's third-quarter balance-sheet debt stands at $941.7 million, the lowest it's been since before the Great Recession. The coverage ratio of debt to earnings before interest, taxes, depreciation, and amortization over the past four quarters sits at 3.52 to 1, and terms of YRC's loan agreement require the company to significantly narrow the ratio over the next five years.
     
  8. joes bar and grill

    joes bar and grill Well-Known Member

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    So do you have an answer or not? you made the statement now back it up, I'll repeat the question, what bank said that it was unsustainable?
     
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  9. joes bar and grill

    joes bar and grill Well-Known Member

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    I never asked you to.
     
  10. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Did you read those articles ? Did you read my posts ? Are you drunk ? Do you have comprehension issues ? Is English your second or third language ?
     
  11. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    It was a quote pulled straight from the post that you originally claimed I demanded answers in and I literally said it was in the post. I cannot be any clearer. And I cannot make you understand in this format unless you can read and understand English.
     
  12. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    The whole debate the post not the poster concept. It all starts here. Can you claim these facts are wrong ? I got them off the YRC 4th quarter numbers that just came out.
     
  13. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Did you read any of this ? 941 million in debt not counting 2 billion in unpaid pension. You can see the words ? Right ? You can see the credited source that released the information ? Right ?
     
  14. ScotchNeat

    ScotchNeat Well-Known Member

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    I saw it, yup. But I sure as hell don't want to see XPO buy this POS company YRC.
     
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  15. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    I might have to put this guy on ignore. It’s one thing not to have anything intelligent to say. But to be unable to understand what you are reading and then blame the person that posted it is rediculous.
     
  16. joes bar and grill

    joes bar and grill Well-Known Member

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    I asked you what bank made that statement, give a straight answer not a bunch of bs articles, answer the question I asked not the one you want w.
     
  17. joes bar and grill

    joes bar and grill Well-Known Member

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    I never asked you to trust me, why would I
     
  18. ScotchNeat

    ScotchNeat Well-Known Member

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    If Bradley is planning to buy XPO, he's doing a great job of spiffying up the balance sheet. EBITDA!!!!!
     
    highspeeds likes this.
  19. joes bar and grill

    joes bar and grill Well-Known Member

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    I didn't ask for an article, just the name of any bank that made that statement, you said now back it up with a name, it doesn't take 4 pages of bs article, just the name of 1 bank.
     
  20. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Last post to you, sweetie. We are putting you on ignore after this. You aren’t adding anything to any of these conversations and I don’t need to waste my time.

    I quoted two relevant articles that included the names of who said these statements and who those people work for. There is plenty of information available. Sorry, Sally at the Springfield savings and loan ain’t floating 3 billion. These are large scale firms. So if you are expecting some ignorant :shit:. That’s on you.

    Jeff does not support plagiarism. Neither do I. So the links are given such that you can view the whole work.

    I’ll leave you with this. How is having 3 billion dollars worth of debt going to work out for you ? Do you remember what happened at Hostess ? It’s whats happening at YRC.

    I don’t expect you to believe me. Even if you read this post, you won’t understand it. So you couldn’t believe me even if you wanted to.
     

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