Is Con-Way Sinking ABF & YRC?

[crazy]

Originally Posted by youngw1500

is the economy demanding a 90% discount?
or are the sharks just feeding on a little blood
in the water.i think the later.

90% The only one's winning here are the customers{shippers} that can over free freight to their customers in turn for their business..It is a cycle that will take a very long time to reverse if it ever does get reversed...

[hollandboomer]

Originally Posted by Jeff

No one is sinking YRC but the economy,
My opinion is that YRC dragged their feet far too long to merge the two companies, there where two terminals , two terminal managers two or more everything in too many cities, Roadway staff was competing for Yellow freight and they both were the same company.. I point the finger at the company, I think either one of them could have survived separately and I think had they merged the two companies correctly and swiftly, they would not be having the problems they are today. I blame YRC for the mess they are in...

With 18% over capacity in the USA LTL sector, everybody is after YRC freight or FEDEX's or Conways or UPSF or anybody else, 24/7
Sad but thats the way business is, and it's cruel sometimes

Sometimes you are getting your *** kicked, some times you are kicking ***.... and YRC has delivered a many *** kickings over the years themselves.

Tell us something most of us don't know. Alot of us figured out where it all started, but i must say it is starting to get very entertaining with the Estes, fedx, and conway cuts and benefit cuts, i think some of the non-U's may make the race to the bottom full. Oh by the way you forgot G. Beck's tears on your avatars. He's one to really look up to. Boomer

[colkid]

Correct me if I am wrong, but are the 90% discounts being discussed here based upon the old REGULATED book? Like I said earlier the last time I saw a rate book was when CF was still open.

[crazy]

Originally Posted by colkid

Correct me if I am wrong, but are the 90% discounts being discussed here based upon the old REGULATED book? Like I said earlier the last time I saw a rate book was when CF was still open.

All you have to do is look at the freight bill, doesn't matter what book it is from, and from what I understand every carrier has a different one,here is an example Fed-ex national,up to 200# skid from the east coast to the west coast for $78 and there are other carriers that will do it even cheaper just to fill their trucks..Like I have said before ,we are in a hole now and it will be a very very long time to come out of it if we ever do...

[Rat]

Originally Posted by Jeff

No one is sinking YRC but the economy,
My opinion is that YRC dragged their feet far too long to merge the two companies, there where two terminals , two terminal managers two or more everything in too many cities, Roadway staff was competing for Yellow freight and they both were the same company.. I point the finger at the company, I think either one of them could have survived separately and I think had they merged the two companies correctly and swiftly, they would not be having the problems they are today. I blame YRC for the mess they are in...

With 18% over capacity in the USA LTL sector, everybody is after YRC freight or FEDEX's or Conways or UPSF or anybody else, 24/7
Sad but thats the way business is, and it's cruel sometimes

Sometimes you are getting your *** kicked, some times you are kicking ***.... and YRC has delivered a many *** kickings over the years themselves.

First off...get this into your head...YRC isn't going anywhere.

As much of a moron Zollars has proven in the past he is as much of a genious in the present.

The dipstick waited six years to merge the two companies whilst all the while they were competing against each other...then bought Holland and New Penn...further internal competition...stupid...damn stupid!

Moving forward...

He is leveraging a bet and obviously winning that the debt holders of YRC are willing to do whatever thet can to see YRC survives...what is it now...10 or 11 bank convenant reversions?...now they have financial stability until Nov. 2010...my time frame may be off but it is close.

Zollars is pulling off something never before accomplished...YRC should have been gone months ago if you go by the history of other carrier's and their eventual demise...he knows damn good and well the banks don't want a trucking company...especially in this economy. And he absolutely correct in that assumption...they don't.

Jimmy H. and the IBT played ball with Zollars and YRC...thereby saving thousands of jobs (albeit thousands were lost.)

YRC will survive in some form...what that form is remains to be seen. Regardless...they will be around for the long haul and they just my be the company to watch...one thing Americans are good at...being a Pheonix...rebounding from the ashes when all hope is lost.

Think WW1 and WW2...and the Great Depression...amongst other adversities.

Now on to my point....

It is not the publicly traded companies that are in trouble as much as the privately held ones. For one thing they don't have the financial options of the big publicly traded companies...just the nature of the beast. For the most part they deal more on the local level in the financial areas...loyalty more than anything else. These companies are led by single individuals or families that don't for the most part participate in the broader end of the monetary part of the business.

By and large they have and maintain a certain business model that has worked for them for years...but one thing is certain...all models have had to change in the last year or so...if not your chances of survival are slim.

Privately held companies don't have the 'network' of advisory personnel or are willing to pay for outside consulting companies to help the cause...for the most part they think it isn't needed...

Now they are scrambling to hire 'LTL' professionals adiosed from other companies in hopes of being able to survive...too little...too late!..

If they weren't on the re-invention bandwagon at least two years ago it is basically over...

Before the end of June 2010 some or perhaps many will go belly up...just don't look for it to be YRC...

Rat

[ninetyeight]

That was the motherload of mistakes. When they killed the Roadway and Yellow brands they lost 40% of their customers and 3 billion dollars so far this year. I knew that was a bad Idea and I think $Bill fired everyone that had anything to do with it. If you merge Heinz and Hunts that'll piss you off.