Looks like we do want this to happen. Read this:
Aug 6 (Reuters) - Clients of troubled trucker YRC Worldwide Inc (YRCW.O) are being approached by its rivals, who are highlighting its financial problems and trying to undercut its prices, the Wall Street Journal reported.
The paper, citing letters and documents, said FedEx Corp (FDX.N) sent a pamphlet to some YRC customers in the past few months suggesting that they move their business to FedEx.
Estes Express Lines, another rival, has distributed talking points to its salespeople and told them to send the message that "companies in trouble never give customers a heads-up that they are near the end," the paper said.
Executives at FedEx and Estes Express Lines could not be reached for comment outside regular U.S. business hours.
Like the rest of the trucking industry, Kansas-based YRC has been hard hit by the recession, which has driven down demand for its services and put pressure on prices.
YRC reported a second-quarter loss of $309 million, or $5.20 per share, compared with a net profit of $35.8 million, or 62 cents per share, a year earlier.
Revenue fell 45 percent to $1.33 billion from $2.4 billion.
YRC shares closed at $2.07 on Wednesday, down from their 52-week high of $20.53 in August 2008.