%99
I agree with %99 of your post FOTF especailly about what yellow has done with the companies it bought to be regional carriers. That is why Jim S. is over that division. And I don't believe there will ever any merger within YRCW as long as each brand is making the profits they are. Even with double and triple coverage. The bottom line says profits... profits... So if they were to merge some they would loose profits. Look at the last 2 major LTL purchases that were mergers. ABF/Carolina and OD/Freddie... They both ABF and OD that is are just getting over that big mess and HUGE LOSS OF MONEY.....HBF also said that ABF is just getting over the Carolina mess. That was a total loss.....Friend of the frog said:People forget that RDWY was the bigger company at the time of the aquisition. That is without even including NPME.
RDWY also was able to do something that Yellow could never do and that was to buy a small regional company (NPME) and keep them profitable. Every small company Yellow bought they destroyed.
I could see the Yellow 1-2 lanes and RDWY long haul and that all makes sense. I just never understood the USF purchase. They paid more for USF then RDWY if my memory serves me. I think RDWY was $900 million with some debt concessions which brought the buy in price to about 1.25 billion. The USF was closer to about 1.50 billion.
As far as what we have today. You have Yellow and RDWY, two traditional long haul carriers, trying to expand into regional markets.
Then you have USF and NPME two traditional regional carriers expanding into the long haul market.
SO you have three compnanies stepping all over each other....Not very effecient financially if you ask me.
I do think they are waiting for the next contract to see where things shake loose. In the meantime, they are making money, so no one complains, but from the outside, it sure looks like big changes are on the horizon.