Discussion in 'YRC Freight' started by Kennesaw Kid, Jul 12, 2017.
Yea... I don't know what I was talking about...
Ross said extending the due date on the debt would help YRC more than delaying repayment. It “decouples” work to extend or refinance the debt from labor negotiations YRC faces in early 2019 when its current contract with the International Brotherhood of Teamsters expires.
Read more here: http://www.kansascity.com/news/business/article160736989.html#storylink=cpy
I can hear it already...."We will be glad to extend that loan due in 2019 until 2022 if you get your employees to agree to extend the concessions....REMEMBER....YRC has to pay CSPF $100 M on 12.31.2019.....connect the dots.
Seems like operating costs have gone up using PTS.
Maybe Hoffa is hoping the CSPF will dissipate before that date or he was hoping in the beginning there wouldn't have been any resistance from the participants back in 2014 concerning the proposed MPRA or now law.Dont want to kill the cash cow of YRCW now would we?
$100 M does absolutely nothing to shore up CSPF. It is a pittance much better spent distributed directly to YRCW retirees and present employees, alike.
(It's not gonna happen, but REALLY? Dumping small amounts of cash into CSPF is like putting a new motor in a Yugo!)
The 100M is the money owed during the 18 month period that nothing was paid to CSPF...
Still, so to speak,
'Lipstick on a pig.'
Does Ernie Soehl Have a Plan for Freight?
Loan is just a of delaying repayment and kinda funny them telling Banks going to make BIG money !!!!And maybe this is a SIGN the old greedy yellow pig is running out of money again
Using that dam PTS is the cause of all this!!
Hey Ernie , does this Loan have anything to do with the new COO ???? sure greedy yellow pig is telling bank-fools that the new COO will make BIG money for the old yellow greedy pig !!
Ok , make's you wonder what the Big pic. plan here with the loan & 2019 game's ?????????????