YRC's Shiny New Deal

Discussion in 'ABF Freight System' started by ABFer, Jan 21, 2014.

  1. ABFer

    ABFer Super Moderator Staff Member

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  2. AkitaDog

    AkitaDog Well-Known Member

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    I like #15 I'm glad they put that clause in there.
     
  3. ABFer

    ABFer Super Moderator Staff Member

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    I was drooling over #5.
     
  4. ABFer

    ABFer Super Moderator Staff Member

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    No Pow Wow tonight, eh.
     
  5. TurnCoat

    TurnCoat Member

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    All it says is....the Union has to approve them buying ABF....not that it can't be done....but, it looks good on paper....Harry Wilson is not intimidated by the language I assure you.
     
  6. ABFer

    ABFer Super Moderator Staff Member

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    I know, and what doesn't the IBT approve? Is Harry still good for another 5.5 million if it passes? That's about $220/YRC working man.
     
  7. AkitaDog

    AkitaDog Well-Known Member

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    I know what it says. I don't think they would allow it to happen because they all know how it worked out last time.Thousands of jobs lost which means less dues revenues coming in. Just look at the mess their dealing with now because of Yellows greed.
     
  8. TurnCoat

    TurnCoat Member

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    Well, a lot of the YRCW guys took very serious offense to Welch meddling in ABF's negotiations. This little piece of language is trying to address that, to smooth it over....but it has no teeth in my opinion.
     
  9. ABFer

    ABFer Super Moderator Staff Member

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    I wonder it it's even a legal deal in the world of NASDAQ.
     
  10. vedder716

    vedder716 Member

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    I have no doubt the IBT conspired with YRC to get this vote passed.By throwing out the mail in ballot its a LOCK.
     
  11. GO40

    GO40 Banned

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    This is why union freight is in a death spiral.... Hoffa administration....
     
  12. TurnCoat

    TurnCoat Member

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    Ya reckon? The IBT would never look out for it's best interest! But, I'd rather have 26,000 more pissed off Teamster's still in the ranks, than see the toilet get flushed over there. If the lenders call the notes and force a bankruptcy, it will be a sad day for Unionized trucking.
     
  13. ABFer

    ABFer Super Moderator Staff Member

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    It's what is known as a 'Catch 22 situation'. Either way it's a loser.
     

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