Yellow | Bancruptcy On The Horizon

wild deuce

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Ladies and Gentlemen are you prepared to bail YRCW out of bancruptcy? I only ask for your honest answers. Nothing more.
 
If YRCW does go into bankruptcy I assume the judge would order both the union and the company to try and work out a new contract that would be mutual to both sides. If that does not work then the judge would throw out the current contact and basically say this is the way it's going to be. Of course it would benefit the company more than the union. So yeah the union would be bailing out the company in the end. Hopefully the company can get their covenants redone and have more flexability on their credit. I would say that the banks will agree since they do not want YRCW to fail. They want their full amount of money due not a reduced rate they would get if the company filed for bankruptcy or closed their doors.
 
We already did , right ????? :duh:
Don't see how we can do much more .
Or ,as in the other thread , new hires are getting .36 cents amile , less than JB and many others. WTF .
 
no union ltl carrier has ever operated under chapter 11 protection.

seems no oil company will give fuel on credit to a bankrupt trucker.

after filing there is nothing.
 
Ladies and Gentlemen are you prepared to bail YRCW out of bancruptcy? I only ask for your honest answers. Nothing more.

I been trying my best, every-time someone starts this bankruptcy stuff, TO BE COOL,
"cool it guys"

THINK POSITIVE FOR A CHANGE

Negativity breeds Negativity
Now that post about -Traffic World Online - Trucking, the analyst says "SOME FORM of Bankruptcy"

I beleive it will be "REORGIZATIONAL"

I CAN'T FOR THE LIFE OF ME, SEE THE BANKS NOT HELPING YRCW ON THIS

ALL WE CAN DO, IS STAY POSTIVE AND
PRAY FOR A FAVORABLE
RESPONSE

Have you ever Prayed for something you really want and need, the power of prayer is awesome, pray together, beleive!

We all are in this together, we all are threatened by this, we feel used, Angry, Confused, so we worry, and we feel troubled because we need Knowledge, because of the misunderstandings we feel separation and have doubts, because we feel we can't do anymore than we have already done to this point, we need to stand strong with each as friends and co-workers, seeking guidance though the power of prayers!

We'll "ALL" get though this, have faith!

It's NOT Hopeless, never give up Hope!

"Let as many servants as are under the yoke count their own masters worthy of all honour, that the name of God and his doctrine be not blasphemed." I Timothy 6:1

"For the scripture saith, Thou shalt not muzzle the ox that treadeth out the corn. And, The labourer is worthy of his reward."
I Timothy 5:18



That's my .2c and nothing more:smilie_132:
 
no union ltl carrier has ever operated under chapter 11 protection.

seems no oil company will give fuel on credit to a bankrupt trucker.

after filing there is nothing.

That is wrong, ABF did, and is now a very profitable and well managed company:popcorn:
 
Ladies and Gentlemen are you prepared to bail YRCW out of bancruptcy? I only ask for your honest answers. Nothing more.

My thought and nothing more.
Do the banks want YRC to fail? Absolutely not! They want all their money plus interest.Look around, Caterpillar laying off 20,000, Circuit City closing, Home Depot closing stores, Fidelity laying off, etc., etc..We all know the economy went south and it will be some time before it returns. Does putting 70,000 more workers out of work,( union and non union) really help?
Plus, I think $Bill has too much of an ego to let this happen. Lets hope that the experts at YRC and the banks can get us to March 1st, and then we can start kicking some ***!:smilie_132:
 
I been trying my best, every-time someone starts this bankruptcy stuff, TO BE COOL,
"cool it guys"

THINK POSITIVE FOR A CHANGE

Negativity breeds Negativity
Now that post about -Traffic World Online - Trucking, the analyst says "SOME FORM of Bankruptcy"

I beleive it will be "REORGIZATIONAL"

I CAN'T FOR THE LIFE OF ME, SEE THE BANKS NOT HELPING YRCW ON THIS

ALL WE CAN DO, IS STAY POSTIVE AND
PRAY FOR A FAVORABLE
RESPONSE

Have you ever Prayed for something you really want and need, the power of prayer is awesome, pray together, beleive!

We all are in this together, we all are threatened by this, we feel used, Angry, Confused, so we worry, and we feel troubled because we need Knowledge, because of the misunderstandings we feel separation and have doubts, because we feel we can't do anymore than we have already done to this point, we need to stand strong with each as friends and co-workers, seeking guidance though the power of prayers!

We'll "ALL" get though this, have faith!

It's NOT Hopeless, never give up Hope!

"Let as many servants as are under the yoke count their own masters worthy of all honour, that the name of God and his doctrine be not blasphemed." I Timothy 6:1

"For the scripture saith, Thou shalt not muzzle the ox that treadeth out the corn. And, The labourer is worthy of his reward."
I Timothy 5:18



That's my .2c and nothing more:smilie_132:

Thats all fine and dandy for someone who has some morals or a conscience, but in mr. dollars famous quote, "nobody helps nobody but himself". No surprise from a company thats been morally bankrupt for years!!! IMHO
 
Yrcw has banks working with them
Yrcw has Teamsters working with them
Yrcw has Investors working with them
Yrcw wish list is fullfilled.....
Old Yellow eats other company's and then keeps on chugging along....CHUG CHUG...
 
Ladies and Gentlemen are you prepared to bail YRCW out of bancruptcy? I only ask for your honest answers. Nothing more.

Ok, really! Give it a rest! We have all already given. We all want to see the company succeed and so do the banks. Regardless of any rhetoric others spew on here, the leadership is trying to do what they can to keep us moving forward. So if folks dont have anything concrete about our finances or future please stop posting stuff like this. What are you trying to do...keep everyone on edge?:wtflol:
 
The difference between YRCW and other freight companies that went under is that for once, everything is out on the table. No secrets. If this company goes under, it is legit.
But, we are not there yet. The good thing is if we can make it through the sh*t economy, with all the money saving changes, this company is going to take the fu*k off!! Buy low sell high$$ Keep your heads up high boys and girls!!!
 
If YRCW does go into bankruptcy I assume the judge would order both the union and the company to try and work out a new contract that would be mutual to both sides. If that does not work then the judge would throw out the current contact and basically say this is the way it's going to be. Of course it would benefit the company more than the union. So yeah the union would be bailing out the company in the end. Hopefully the company can get their covenants redone and have more flexability on their credit. I would say that the banks will agree since they do not want YRCW to fail. They want their full amount of money due not a reduced rate they would get if the company filed for bankruptcy or closed their doors.

this is exactly where it goin add the liquidation of holland for more savings. GMT is doing fine running there freight as it is now.:smilie_132:
 
Yrcw has banks working with them
Yrcw has Teamsters working with them
Yrcw has Investors working with them
Yrcw wish list is fullfilled.....
I think that they are getting all of the support that they should need to survive. Let's give it some time here. These next few months are critical. All we can do is give them "a fair days work for a fair days pay", and if that isn't enough, I guess they have failed....not us!
 
Ok, really! Give it a rest! We have all already given. We all want to see the company succeed and so do the banks. Regardless of any rhetoric others spew on here, the leadership is trying to do what they can to keep us moving forward. So if folks dont have anything concrete about our finances or future please stop posting stuff like this. What are you trying to do...keep everyone on edge?:wtflol:

jdk 1600 has done nothing but get away with :stirthepot:

like the man said give it a break
 
Would you lend money to $Cut Bill and this rotten Board of Directors? The big shareholders are jumping ship, now. Anyone with a high school diploma can see that this company has been and will continue to be mismanaged. The banks cannot lend or refinace these dummies anymore because the Wallsreet magicians are handcuffed. They used to repackage these loans and sell them to thrill seekers around the world. That game died. Nobody wants the crap paper anymore. Copy?
 
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