Yellow | YRC CEO: Glen Moore may not be last of property sales

[R-14Driver]

The property sale at YRC Worldwide Inc. may not be over.

A day after the Overland Park-based trucking company (Nasdaq: YRCW) announced it was unloading subsidiary Glen Moore, CEO James Welch said in an interview that company officials still are looking for ways to shrink their portfolio.

“There are other things that don’t necessarily complement what we do that we’ll be looking at,” he said. “There’s still excess property that has been on the market for three and a half years that’s empty, that we’re not using, and we’ll look at different ways and different avenues to shed it. We’ll be looking at ways to consolidate administrative cost and things like that. There are still things on our drawing board to accomplish.”Welch wouldn’t give many specifics — for example, do YRC’s Chinese assets help it recover North American market share? — but he said his guiding principle is making the company a pure-play less-than-truckload provider...............

YRC CEO: Glen Moore may not be last of property sales - Kansas City Business Journal

 

[turboj]

CEO James Welch said in an interview that company officials still are looking for ways to shrink their portfolio.

— but he said his guiding principle is making the company a pure-play less-than-truckload provider...............



I have to agree that they've done an excellent job of shrinking, 9.9 Billion in revenue a year down to 4.5!
Instead of talking about shrinking more, perhaps talk about growing their portfolio with high paying freight instead of home depot type garbage.

Don't agree though with the pray and play reasoning, hes not Jim Kelly late in his career!