YRC Worldwide-Could Further Consolidation Lead To A Buyout By UPS?

Discussion in 'YRC Freight' started by Freightmaster1, Jul 4, 2016.

  1. roadboss

    roadboss Well-Known Member

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    All of the above,a clown suit like DHL
     
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  2. I got nothing

    I got nothing Member

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    I don't want to be end tailed but
    A substantial pay raise, and a 401K......what a concept
    With 30 years in at age 50, I would take it
    Better than the deal we have now
     
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  3. mysticobra

    mysticobra Just here.

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    Ha. Scrub toiilets to get that pension. :lmao: And boy do they need a good scrubbin!
     
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  4. Teamsta II

    Teamsta II dribble is dribble

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    So all yrc employees join under the UPSF contract? This is all conjecture, but just how would seniority be worked? We at UPSF have multiple seniority lists. There is road driver list and a local cartage list as well as casual. We have classification seniority and company seniority as well. As well ,we still after 10 years have not gotten rid of all our overnite equipment.
     
  5. SAC75

    SAC75 Well-Known Member

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    Everybody else has a road board a city board and casuals also. Ups doesn't have anything about dovetailing in their contract though. That means they do not have to dovetail anybody else in. That would have to be something negotiated between the two companies which will never happen anyway. UPS is never buying a company in these broken pension funds. They just bought out of cspf why would they get sucked in again?
     
  6. ESP

    ESP Well-Known Member

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    Deals are made everyday, they could have all the YRCW guys and gals moved to their fund for pennies on the dollar. They could also buy YRCW and run them as a separate company and then well who knows? I will believe it when I see it. Good Luck.
     
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  7. SAC75

    SAC75 Well-Known Member

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    I don't work here so I don't need the luck. Hope something finally works for YRC too. No one wants to be a billion in debt.
     
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  8. mud

    mud Wonderin'

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    Didn't seem to bother Bill Zollars, or XPO Logistics.
     
    Last edited: Aug 18, 2016
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  9. mysticobra

    mysticobra Just here.

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    Hahahaha... Banks love em! No principal.... All interest. Nyuk.. Nyuk.. :1sm364jumpbed:
     
  10. hugnlug

    hugnlug Active Member

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    Who is this we crap? In New England, UPSF has single line seniority. No classification, just company. The way it should be. No headaches, or bellyaches. And as far as equipment, who cares. As long as the check clears I don't care if the truck was painted pink with a roller brush over rust. I can see it now...the YRC fleet and all their mixed bag of junk equipment with the silver UPS Freight sticker slapped on the door...Beautiful!
     
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  11. vongrimmenstein

    vongrimmenstein Well-Known Member

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    When the amount of interest collected equals the original loan amount, the bankers are ahead in the game. Why would they want YRC to fail? They gain the original loan back in the form of interest it is all gravy after that. And if they do go under they can write off the loan on corporate taxes. A win all the way around..
     
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  12. Apostolic

    Apostolic Super Moderator Staff Member

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    The only time I'd ever believe anything about this merger rumor,is when I see YRC stock spike.
    When UPS purchased Overnite,they bought up all of the stock from anyone who held it.
    There really wasn't any rumors as anyone with any forth sight would have been purchasing Overnite stock before the deal was done.
    I did find out later that the Overnite big wigs working the deals of the buyout,made a nice piece of change with the stock they had.

    I started with Overnite in 1986,retired from UPS Freight in 2008,with a comfortable pension.
    I also had a bit over 20 years in the Teamsters.
    I have just been informed by my local that my pension with them is going to be cut 31% starting July of 2017.

    I really hated going non-union when my last union LTL went bankrupt,however it worked out for the best in the end.

    I don't wish any of you YRC folks any bad luck,however I can't believe this merger rumor has any truth to it.
     
  13. Trkphil

    Trkphil Member

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    Why does this comes up time to time, their is no way ups is going to buy YRC they don't make a billion a year by doing dumb things.
     
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  14. Trkphil

    Trkphil Member

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    I agree myself a YRC for 23 years I was with Be Mac before yea they are just wishful thinking.
     
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  15. troubleman84

    troubleman84 Well-Known Member

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    I got to be defensive here. If they could find solution for pension it would be less than what they'd paid for small package exit and figure a way to turn a bigger profit out of Yrc freight. They have a gold mine with gaining the regionals there the backbone of this worldwide network.
     
  16. Apostolic

    Apostolic Super Moderator Staff Member

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    Not to rain on your dreams of a merger..
    Think of this buy-out realistically,what could be the gain,other than your customers.

    YRC equipment is not the best in the industry.
    UPS already has a lot of freight terminals & small pack depots in the same areas that YRC is located.
    The many negative union issues would be a real sticking point with any company looking at a take over.
    Also you do know UPS Freight has a paper contract,they have no involvement in the National Master Freight Agreement.

    So in my opinion I see a lot more cons,then I do with the positives in a merger you all are wishing for.
     
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  17. BIG R GUY

    BIG R GUY COOP Dispatch GPS Division

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    Hey Ap. I totally appreciate all your efforts here, especially in regards to the truck accident posts. But I would say my team partner Wong is right, as far as this story goes. This will happen when yellow pigs fly.
     
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  18. Apostolic

    Apostolic Super Moderator Staff Member

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    BIG R GUY I really try hard not to offend any one on this message board.
    However whenever I see a topic on other forums that interests me.
    Which I may have some knowledge of what in my opinion is right,or wrong.
    Well then I like to add my 2 cents.

    On this merger topic I have really only expressed my opinion,along with the rest of you.
    After all the article that started this rumor in the first place,seems to have been speculation from its author.

    I do usually only have time to take care of Mod,ing the truck crash forum.
    But like I say when I see topics on other forums of interest.
    I go ahead & post my opinion,if I've offended anyone,please forgive me.
    I'll leave the rest of you with your dreams & expectations of the future of your company.
     
  19. BIG R GUY

    BIG R GUY COOP Dispatch GPS Division

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    No offense taken sir. I think you do a fabulous job. It just amazes me though what will start a sh!? Storm of speculation, just from some news article or break room, I heard type of things. Carry on, Sir...
     
  20. mysticobra

    mysticobra Just here.

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    Personally.
    I think UPS would rather have yrc drop off the map.
    They and others would just pick up the slack.
    I know...... Diggin a hole.... :emoticon digging:
     
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