YRC Worldwide Extends Maturity of CDA Notes

Discussion in 'YRC Freight' started by Freightmaster1, Jan 31, 2018.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

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    https://globenewswire.com/news-rele...-Worldwide-Extends-Maturity-of-CDA-Notes.html

    “The extension of the CDA notes completes our efforts to extend the key components of our capital structure, including the Term Loan Credit Agreement and the ABL Facility,” said Stephanie Fisher, chief financial officer of YRC Worldwide. “This is a significant milestone and it provides additional runway to continue our operational transformation. I would like to thank our lenders for their support as we position the Company for long-term growth,” concluded Fisher.


    [​IMG]
    Don't worry! Be happy we're keeping the doors open!

    :19:
     
    aztec warrior likes this.
  2. Triplex

    Triplex Experienced stalker

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    And keeping the doors open is a good thing isn't it? It allows those who want to work here the chance to stay and it gives those who hate working here the time to go find that better job that so many talk about. Win-win for everyone! :smile new:
     
  3. SamHouston

    SamHouston Member

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    The people that hate working here can't find a another job.
     
    Lnhl drvr, jimmy g, albag and 2 others like this.
  4. Roadway spy

    Roadway spy Member

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    If the Teamsters ever want to organize another transportation company or any company far as that goes they need to shut this yellow pig down this company makes the Teamsters look like a joke.
    Hoffa ended up being the biggest joke of all no wonder nobody wants to drive a truck they need to start building more railroads or how you going to grow the economy what a bunch of crap.
     
    Grappy likes this.
  5. Triplex

    Triplex Experienced stalker

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    Sounds like you're unhappy driving for Tonka.
     
  6. mud

    mud Wonderin' AD-FREE USER

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    In case you haven't noticed, the Teamsters Union is no longer interested in LTL trucking and has been divesting itself from the industry.Imo.
     
    Last edited: Jan 31, 2018
  7. wongway

    wongway -15% Pay , Never forget

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    WOW , what great news , see my -15% did help turn things around and my Uncle Trip gonna be so HAPPY :guiness:
     
    Big Dave likes this.
  8. Elwood

    Elwood Question Authority

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    Can you imagine the self promulgation of our ‘leaders’ should ABF and UPSF negotiations yield positive outcome? There may be a very small pot of gold at the very end of our long faded rainbow that appears in so many shades of gray.
     
  9. LEHIGH vALLEY

    LEHIGH vALLEY Well-Known Member

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    Someone must have crunched the numbers on the the upcoming Trump tax cut. It's the only place I can think of where they could get their hands on 25 million so quick & not have it effect anything else. Short or long term. Can't wait to here the dog "N" pony show tomorrow to explain all this.
    So much for a "Bonus" for us pions!
     
    Try'n Hard and wongway like this.
  10. albag

    albag Pray for peace! AD-FREE USER

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    They can find another job. Just not one that permits them to do as little as possible and remain employed! :1036316054:
     
  11. albag

    albag Pray for peace! AD-FREE USER

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    Maybe the PEONS will get a bonus!:hilarious:
     
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  12. roadboss

    roadboss Well-Known Member

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    They should try the post office ,if they can pass the test.
     
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  13. Lnhl drvr

    Lnhl drvr New Member

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    I've concurred ... get rid of freaking shuttle drivers, hustlers , mechanics , I've rather string my own set, pay me double
     
    aztec warrior likes this.
  14. nickles

    nickles Member

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    Dump the MECHANICS ??
     
  15. Cab Lizzard

    Cab Lizzard Well-Known Member

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    It would be a lot easier to dump the Line Drivers ( Which the company already does with PT )
    hustlers ?
     
  16. albag

    albag Pray for peace! AD-FREE USER

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    I can assure you, there are few, if any "hustlers" at YRCF! :emoticon digging:
     
  17. Elwood

    Elwood Question Authority

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    We’re waaaaaay to old to hustle! Instead, we work ‘smart!’

    Slow & steady wins the race!
     
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  18. SamHouston

    SamHouston Member

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  19. Elwood

    Elwood Question Authority

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    I can only speak for myself.

    Not one day lost to injury in 40 years of driving truck, which includes 20 years of household before I came to freight.

    I interact with all carriers, almost everyday.
    I find little difference among any of them in P&D. Very few can run at a hectic pace for an extended period of time and avoid accidents and/or injuries.
     
  20. havinsomefun

    havinsomefun Member

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    YRCW has now paid the banks $1,300,000,000 in interest since 2009 when all the concessions when into place (aka "The Wong 15%"). That is where your money has gone.
    I love the term they use in the press release, "Operational Transformation". How is see the "Transformation" is a company that continues to lose market share, continues to lower rates on the 3PL sector to attract business (at a significant loss), continues to take things away from employees to stay in business...Truly a going out of business plan...
     

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