buster smith
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read the 8-k referenced by keepinon
Yellow | Not Essential Employees Says The Gop Congress
- Thread starter longblade
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That’s from that same 8-k statement
slavenomore
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So it says it is not finalized yet?
Freightmaster has another link saying that they'd pretty much need to make a new legislation to deny it.
But who knows?
Freightmaster has another link saying that they'd pretty much need to make a new legislation to deny it.
But who knows?
buster smith
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yep
To me that legal wording that has to be in there and the 8-k is no guarantee that they did receive the money but being they issued the stock and came up with cash to repay the locals and healthcare funds most people think they got it.
Wouldn’t it be nice if YRC would put a statement out instead of everyone wondering.
slavenomore
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If they buy low they can sell higher again?
I guess. Anyone can.
slavenomore
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Then maybe they put out a statement when the price drops to the right price.
slavenomore
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This is the other thread:
https://www.truckingboards.com/bb/t...ons-700-million-loan-to-yrc-worldwide.103175/
This stuff is in separate posts:
A congressional oversight commission said Monday it will investigate the $700 million US loan to YRC Worldwide, but it’s unclear whether anything short of legislation would prevent the less-than-truckload (LTL) carrier from getting the COVID-19 relief loan announced July 1.
Secretary of Defense Mark Esper, however, certified that YRC Worldwide is critical to national security, and the trucking holding company said it has spent decades building a strong support network for the US military, handling more than 300,000 shipments a year for the US government, primarily military shipments.
These words are past tense:
The loan threw a lifeline to YRC Worldwide, which faced a cash crunch that could have shut the company down. Critics of the loan within the trucking industry have said, though not for attribution, they believe YRC’s competitors could absorb the company’s military volume.
Shippers, however, were relieved by the loan. which brought stability to the LTL market at an uncertain time for the US economy. A reshuffling of the market might benefit some LTL carriers, but shippers would likely experience tighter capacity and higher LTL rates.
Were loan terms too favorable?
In its third monthly report, the commission also questioned whether the loan terms met appropriate standards, noting the interest rate on the Treasury’s loan is 4 percent lower than the rate YRC Worldwide received on a five-year term loan from its creditors last September.
buster smith
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from 8-k YRC submitted
There is no assurance that the proposed Treasury Equity Issuance will be completed on the terms described herein or at all or when it may be completed. The UST loan agreements are still being negotiated and the terms thereof have not been finalized at this time. There can be no assurance that such financing will be completed, if it all, or when it may be completed.
ask the yrc pension trustee and local 707 president anything you want.
fairy tales are free
Teamster Local 707 General Meeting Notice
Due to the Governor’s Executive Order our July General meeting must be done remotely.
Sunday, July 26, 2020
10 AM
Please see Meeting ID and Password below.
Join Zoom Meeting
https://us02web.zoom.us/j/4835689364?pwd=TEhDR1A4REQyVzFxcm5xOVdvOG02UT09
Meeting ID: 483 568 9364
Password: 7vA7Tm
One tap mobile
+13126266799,,4835689364#,,,,0#,,342981# US (Chicago)
+19294362866,,4835689364#,,,,0#,,342981# US (New York)
Dial by your location
+1 312 626 6799 US (Chicago)
+1 929 436 2866 US (New York)
+1 301 715 8592 US (Germantown)
+1 346 248 7799 US (Houston)
+1 669 900 6833 US (San Jose)
+1 253 215 8782 US (Tacoma)
Meeting ID: 483 568 9364
Password: 342981
Find your local number: https://us02web.zoom.us/u/kcSnNiHsIY
but they can investigate the local 707 pension fund and its trustees
Teamster Local 707 General Meeting Notice
Due to the Governor’s Executive Order our July General meeting must be done remotely.
Sunday, July 26, 2020
10 AM
Please see Meeting ID and Password below.
Join Zoom Meeting
https://us02web.zoom.us/j/4835689364?pwd=TEhDR1A4REQyVzFxcm5xOVdvOG02UT09
Meeting ID: 483 568 9364
Password: 7vA7Tm
One tap mobile
+13126266799,,4835689364#,,,,0#,,342981# US (Chicago)
+19294362866,,4835689364#,,,,0#,,342981# US (New York)
Dial by your location
+1 312 626 6799 US (Chicago)
+1 929 436 2866 US (New York)
+1 301 715 8592 US (Germantown)
+1 346 248 7799 US (Houston)
+1 669 900 6833 US (San Jose)
+1 253 215 8782 US (Tacoma)
Meeting ID: 483 568 9364
Password: 342981
Find your local number: https://us02web.zoom.us/u/kcSnNiHsIY
IndyHauler
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I've been saying this for years. Why would shippers want us to go under? Less competition is just plain stupid business practice. You think they want the big 3 to completely control shipping? Yeah right. Who do you think they like better? UPS, the successful Super Giant, or, us bumbling weetahds?
How many threads are you going to :
: on??????
Well, isn't that what happened?
How often does a trump chump run into the truth any way?