What's new

Yellow | YRC Worldwide sells HQ to load up more cash

With the selling of their headquarters, this company is trying to get cash to stay alive with its massive overhead and operating costs.

Well, sooner or later, they will run out of assets to sell. Without assets or collateral, the banks will not fund their operation. They are to big for factoring.

Right now, they are cutting rates to fill trailers and generate "cash flow" to stay alive. They blame other carriers for right cutting but they are the leaders in doing it.

What assets are left......None. If they loose business to other carriers, their goes the cash flow. Their goes YRC. Cash is king in this economy and they will be DOA.
 
Where have I been? GM is not playing the economy, they are bankrupt. I find that a very silly point. Besides what I said is more complexed than that. Reread it so you can glean the deeper points.
 
darla said:
With the selling of their headquarters, this company is trying to get cash to stay alive with its massive overhead and operating costs.

Well, sooner or later, they will run out of assets to sell. Without assets or collateral, the banks will not fund their operation. They are to big for factoring.

Right now, they are cutting rates to fill trailers and generate "cash flow" to stay alive. They blame other carriers for right cutting but they are the leaders in doing it.

What assets are left......None. If they loose business to other carriers, their goes the cash flow. Their goes YRC. Cash is king in this economy and they will be DOA.
Click to expand...

Are you Puff Drivers sister or JDK's wife? Thanks for helping with the morale!
 
truckchick1 said:
Just did a search on $bill. He has residenses in KS, KY & MO. Maybe he can sell some of these to keep you guys going. Don't think that will happen.
Click to expand...

Never thought I'd be wishing for the New Madrid fault to let loose. But if thats what it takes then!:TR10driving03:
 
Yrc

my self i would like to believe the YRC would / could survive.:smilies-19296: otherwise we that are non union will more than likely see our wages drop.:TR10driving03:I was a teamster member for ten years and left because of alot of crap done by both the employer and the :sheep:that were in the union representing us.The non union companies are watching closely as this all unfolds, I hope everything works out. but with the country goin as socialist as here lately. I'm not sure anymore
 
As the plot unfolds and thickens.. What about Glen Moore? Seems they could be sold with a lease option to buy back? They have alot of great productive drivers, that could enhance some of these lesser companies drivers.. Such as Swift, Pumpkins, NFI, Knight, CRST and so on...
 
I have heard New Penn is being looked at by ABF. I hear NP still owes alot of their terminals. This will give them alot of cash. Expansion of a company is positive if management knows what its doing.
 
starve the federal government , what a concept.to bad less than half of all the people would really think that a good thing while the other half has their hand out. where management of a company can be blamed for some of the damage , the government and the high corporate tax and all the requirements a company must meet just to run is the real reason the economy is in the toilet. it is not just the last 8 years either and it is not just the president , it is the whole law making body.they are mostly lawyers who will never vote for anything that might harm themselves or their practice should they have to back to a private practice.
 
What About the Teamsters?

I see that YRC is doing a better job of making hard decisions that the auto makers did. But, will the Teamsters do their share? Will the unions negotiate pensions?
 
bash,A Bush if it makes u feel good

dmtorl said:
starve the federal government , what a concept.to bad less than half of all the people would really think that a good thing while the other half has their hand out. where management of a company can be blamed for some of the damage , the government and the high corporate tax and all the requirements a company must meet just to run is the real reason the economy is in the toilet. it is not just the last 8 years either and it is not just the president , it is the whole law making body.they are mostly lawyers who will never vote for anything that might harm themselves or their practice should they have to back to a private practice.
Click to expand...

it's the same no matter where you go it is all mr Bush's failt
i was enjoying the threads til that,we have been save for 8 years lower taxes and a good ecomical till ms peloisa mother of all liers and good old boy reed that dont know anything took over the reins in 2006 Mr . Bush made his share of mistakes he is human but stil yet respect the man and the office of presdient,
 
moonrunner2 said:
it's the same no matter where you go it is all mr Bush's failt
i was enjoying the threads til that,we have been save for 8 years lower taxes and a good ecomical till ms peloisa mother of all liers and good old boy reed that dont know anything took over the reins in 2006 Mr . Bush made his share of mistakes he is human but stil yet respect the man and the office of presdient,
Click to expand...

I don't think he bashed Bush.
 
Doesn't matter

It really doesn't matter at this point who is to blame.
Had Zollers not done some of his deal making ,We would not be in this position.
Had the IBT realized that they weren't holding all the aces, we would not be in this position.
Brothers, it is over. As a retired RDWY employee our pensions will be worth 35 cents on the dollar.
Hopefully, I am wrong,
Stay safe
 
You must log in or register to reply here.
Top