Yellow | Something fishy is happening behind the scenes, XPO Inc. appears to be angling...

[Real Teamster]

I've taken a pee on asphalt, never tried growing a pea on same.

Nothing like a new horticultural adventure, true?

 

[Sperg]

Refer to Docket #1274 released this evening. XPO's legal team is attempting to force their way into Yellow's Ch 11 bankruptcy process, and are essentially asking to view "every bit" of information as it relates to the company! This request is highly unusual. It appears XPO is posturing for some type of a move.

That's because they are afraid of Next Century regrouping and burying them! They are trying to stop the good guys from winning at all costs.

 

[Hotboy Ice]

That's because they are afraid of Next Century regrouping and burying them! They are trying to stop the good guys from winning at all costs.

It's likely that we'll see XPO pick up even more of the 46 remaining properties, and soon. Hard to say if there are other reasons at this time.
Unfortunately, Next Century was more of a pipe dream to many and very likely an attempted smoke screen for the IBT's failure to protect their paying members from losing 22,000+ jobs at Yellow during August (totally preventable). If Jack Cooper offered a number "well into" the 3's, they might have had a chance...but with heavy LTL competition holding the newly formed company down for quite some time. The real shocker is that Old Dominion hasn't yet purchased a single RE location.

 

[Hotboy Ice]

I think you are fishing, Wayne.

Hopefully Wayne is enjoying his time on the water.

 

[dokman]

It's likely that we'll see XPO pick up even more of the 46 remaining properties, and soon. Hard to say if there are other reasons at this time.
Unfortunately, Next Century was more of a pipe dream to many and very likely an attempted smoke screen for the IBT's failure to protect their paying members from losing 22,000+ jobs at Yellow during August (totally preventable). If Jack Cooper offered a number "well into" the 3's, they might have had a chance...but with heavy LTL competition holding the newly formed company down for quite some time. The real shocker is that Old Dominion hasn't yet purchased a single RE location.

Gee Einstein did you ever think maybe OD might have wanted a few terminals but main goal was to control who didn’t get the terminals ? Would have been a good investment for them.

 

[wongway]

Remember the Trojan Horse Trick , XPO is no sick old yellow dog !! And never say never in the Trucking World , as who would have thunk Yeller would have bought and ruined two good companies like Roadway & Holland ???

 

[ABF381]

Gee Einstein did you ever think maybe OD might have wanted a few terminals but main goal was to control who didn’t get the terminals ? Would have been a good investment for them.

Or perhaps they made the stalking horse bid to make their competitors pay more.....Estes upped their bid by 200 million....

 

[dokman]

Or perhaps they made the stalking horse bid to make their competitors pay more.....Estes upped their bid by 200 million....

True.

 

[Real Teamster]

It's likely that we'll see XPO pick up even more of the 46 remaining properties, and soon. Hard to say if there are other reasons at this time.
Unfortunately, Next Century was more of a pipe dream to many and very likely an attempted smoke screen for the IBT's failure to protect their paying members from losing 22,000+ jobs at Yellow during August (totally preventable). If Jack Cooper offered a number "well into" the 3's, they might have had a chance...but with heavy LTL competition holding the newly formed company down for quite some time. The real shocker is that Old Dominion hasn't yet purchased a single RE location.

I agree on the "smokescreen" part. I also wonder what has gone on behind the scenes? Next Century was only incorporated on Halloween Day. I have a hunch the IBT has more to do with that entity than they're admitting.

 

[havinsomefun]

Where have I heard this before: " XPO also announced Tuesday it entered into a bridge term loan financing package equal to the amount of its bid. The company plans a $585 million private offering of senior unsecured notes and is pursuing commitments for $400 million in senior secured debt. The proceeds will be used to repay the bridge loan as well as refinance other outstanding debt."

XPO has 4.7 Billion in debt now with the purchase of the 28 Yellow properties. Yellow only had 1.5 billion in debt

 

[slavenomore]

I've taken a pee on asphalt, never tried growing a pea on same.

Whadaya want from North Jersey?

 

[slavenomore]

XPO has 4.7 Billion in debt now with the purchase of the 28 Yellow properties. Yellow only had 1.5 billion in debt

Now we're cooking with gas!!!!!!

 

[Real Teamster]

Now we're cooking with gas!!!!!!

And stay tuned. It's likely gonna get more interesting, not less.

 

[slavenomore]

XPO has 4.7 Billion in debt now with the purchase of the 28 Yellow properties. Yellow only had 1.5 billion in debt

Who do they owe this money too?
Apollo Global?

 

[roger23]

XPO has 4.7 Billion in debt now with the purchase of the 28 Yellow properties. Yellow only had 1.5 billion in debt

So we're winning !! LOL

 

[dokman]

XPO has 4.7 Billion in debt now with the purchase of the 28 Yellow properties. Yellow only had 1.5 billion in debt

Remember the debt didn’t kill Yellow, it was the severe lack of cash flow. As you see they had assets more than debt. Just not enough cash flow to continue.

 

[Triplex]

Remember the debt didn’t kill Yellow, it was the severe lack of cash flow. As you see they had assets more than debt. Just not enough cash flow to continue.

You nailed it.

 

[Stimpy]

Remember the debt didn’t kill Yellow, it was the severe lack of cash flow. As you see they had assets more than debt. Just not enough cash flow to continue.

Seems they had enough cash for unnecessary bonuses.... especially in the time of lack of cash flow .

 

[truckinus]

Its ironic that the remnants of CF are buying the most terminals.

 

[dokman]

Seems they had enough cash for unnecessary bonuses.... especially in the time of lack of cash flow .

Unfortunately in business or personal things it is human nature to take care of yourself and those close to you first.
Wrong or right that’s how it is.