seekingalpha.com
Every time I receive someone else's mail in my mailbox, I think of William Zollars, back again.
www.wsj.com
It was a rainy 2nd quarter
You have to be kidding me. They pay 25% into pension and 15 % pay cut. They had 50% more revenue than ABF but Not even half the profit ratio. Here is an IDEA stop being a bottom feeding scumbag carrier and charge the correct rates.
Also at 1.3 billion in sales they should of been making 90 million in profit and paying full wages and benefits.
I gotta say. That is the post of the week...
Someone had to say it….
If they had no interest expense, they would have had great numbers
Can't forget J.P. Delaney.
Dollar Bill thanks you for mentioning his name once again mud!
Several years back they did some funky accounting and posted OR with the Corp office not included. Most carrier do not do that. Not sure if they still do that (?) but it looks like they made some money. till you dig a little deeper.
It'll be to get out of the pension, the union and company know the only draw to the job is the health insurance.....How is ABF doing so well while paying higher wages, health/welfare and 2018 full pension rates? I really think Yellow is setting themselves up for a bankruptcy then a buyout by a hedge fund who will demand a cut to health/welfare and pensions just like they did to Jack Cooper Transport the union will agree to it.
Here is a blueprint for what they will do but it will be a cut to Health and welfare either we pay a premium or they will cover just the driver only have to pay for family.
Auto Hauler Jack Cooper Cuts Deals to Slash Debt, Files for Bankruptcy
Solus Alternative Asset Management LP has agreed to buy Jack Cooper Ventures Inc.’s assets out of bankruptcy in a deal that would trim more than $300 million in debt from the company’s books.
I think Bozo the clown could do a better job as CFO. Because you already have a bunch of clowns running that place anyway.
If the interest was zero, they wouldn’t have had nice numbers
How do you find a good accountant!
