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Yellow | YRCW’s Zollars: Looking To Cash Profits in Q2

J

Jay C

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STWT: You’ve asked for sacrifices from the employees in recent quarters. What can you say about when that gets repaid and what the outlook is for pension, benefits, etc?

Zollars: The employees have been tremendous in terms of their support and have gone through some pain. The worst is over and we’re back on a glide path that will get us back to point where we can do things we would normally do for employees. We still have the contractual agreement on wages with the Teamsters, and that gives us till next year on the pension side.

STWT: UPS (UPS) has made hay about picking up some share in the quarter; what’s your feeling about your ability to get customers back?

Zollars: We lost market share during that time, and some of that didn’t bother us. We’re being careful about which customers we go after. It’s all about positive cash flow from us, and we’re already seeing signs of regaining share. It’s not about volume, it’s about earnings.


YRCW’s Zollars: Looking To Cash Profits in Q2 - Stocks To Watch Today - Barrons.com
 
thejoe said:
STWT: You’ve asked for sacrifices from the employees in recent quarters. What can you say about when that gets repaid and what the outlook is for pension, benefits, etc?

Zollars: The employees have been tremendous in terms of their support and have gone through some pain. The worst is over and we’re back on a glide path that will get us back to point where we can do things we would normally do for employees. We still have the contractual agreement on wages with the Teamsters, and that gives us till next year on the pension side.

STWT: UPS (UPS) has made hay about picking up some share in the quarter; what’s your feeling about your ability to get customers back?

Zollars: We lost market share during that time, and some of that didn’t bother us. We’re being careful about which customers we go after. It’s all about positive cash flow from us, and we’re already seeing signs of regaining share. It’s not about volume, it’s about earnings.


YRCW’s Zollars: Looking To Cash Profits in Q2 - Stocks To Watch Today - Barrons.com
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joe, not to be negetive because you know I'm a very positive guy, but why do you waste electricity posting the bullshit that this total watse of human excretment says? Nobody in their right mind yet believes him let alone wall street. PS: that girl with the hairy underarms, I saw her once on I-95, I think shes from Hartford. Would ya kick her out of bed for eating crackers?!!!
 
TurboJ said:
joe, not to be negetive because you know I'm a very positive guy, but why do you waste electricity posting the bullshit that this total watse of human excretment says? Nobody in their right mind yet believes him let alone wall street.

PS: that girl with the hairy underarms, I saw her once on I-95, I think shes from Hartford. Would ya kick her out of bed for eating crackers?!!!
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Ya, she was hitch hiking on 95 and you picked her up when you spotted the hairy underarms and took her to Hartford. Good for you. Here is more good news..

During the fourth quarter of 2009, the Company paid to the pension funds that are party to the contribution deferral agreement approximately $3 million of net cash proceeds from the sale of excess facilities that were subject to a first priority security interest of the pension funds.
The Company expects to obtain $20 million in annual run rate savings from cost reductions due to facility closures during the fourth quarter of 2009.
The Company expects to incur interest expense of approximately $35-40 million per quarter during 2010 and to defer approximately $20-25 million of interest during that same period.
The Company expects gross capital expenditures of approximately $50-100 million in 2010, including obligations under any new operating leases.
The Company expects to receive approximately $25-50 million of net cash proceeds during 2010 from the sale of excess facilities and expects to enter into sale and leaseback transactions for up to $50 million during 2010.


Fidelity Investments: Research: Stocks
 
thejoe said:
STWT: You’ve asked for sacrifices from the employees in recent quarters. What can you say about when that gets repaid and what the outlook is for pension, benefits, etc?

Zollars: The employees have been tremendous in terms of their support and have gone through some pain. The worst is over and we’re back on a glide path that will get us back to point where we can do things we would normally do for employees. We still have the contractual agreement on wages with the Teamsters, and that gives us till next year on the pension side.

STWT: UPS (UPS) has made hay about picking up some share in the quarter; what’s your feeling about your ability to get customers back?

Zollars: We lost market share during that time, and some of that didn’t bother us. We’re being careful about which customers we go after. It’s all about positive cash flow from us, and we’re already seeing signs of regaining share. It’s not about volume, it’s about earnings.


YRCW’s Zollars: Looking To Cash Profits in Q2 - Stocks To Watch Today - Barrons.com
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Zollars is right in his last statement.It`s not about regaining market share just yet,it`s about earnings. YRCW is going to have to improve it`s operating ratio which is now 112. if you lose $.12 cents on every dollar you earn,it doesn`t make much sense to try to regain a bigger share of the market,because you`ll only lose more money. YRCW needs to move into profitability and then regain market share. That doesn`t mean they can`t do both at the same time,but going after market share when you`re operating at 112 will only use up operating capital faster unless the market share you`re after is good paying freight that will improve the operating ratio.
 
thejoe said:
Ya, she was hitch hiking on 95 and you picked her up when you spotted the hairy underarms and took her to Hartford. Good for you. Here is more good news..

During the fourth quarter of 2009, the Company paid to the pension funds that are party to the contribution deferral agreement approximately $3 million of net cash proceeds from the sale of excess facilities that were subject to a first priority security interest of the pension funds.
The Company expects to obtain $20 million in annual run rate savings from cost reductions due to facility closures during the fourth quarter of 2009.
The Company expects to incur interest expense of approximately $35-40 million per quarter during 2010 and to defer approximately $20-25 million of interest during that same period.
The Company expects gross capital expenditures of approximately $50-100 million in 2010, including obligations under any new operating leases.
The Company expects to receive approximately $25-50 million of net cash proceeds during 2010 from the sale of excess facilities and expects to enter into sale and leaseback transactions for up to $50 million during 2010.


Fidelity Investments: Research: Stocks
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And the company can expect to take a good big ::shit:: for itself too!!! PS: Any girl you pick up in connecticut has hairy underarms!
 
TurboJ said:
And the company can expect to take a good big ::shit:: for itself too!!! PS: Any girl you pick up in connecticut has hairy underarms!
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negative..this is all we got
PC2009050.jpg
 
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