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Yellow | The Teamsters Are Not to Blame for YRC Wordwide's Current Desperation

Jeff

Jeff

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YRC Worldwide has too much debt, has lost nearly $2 billion in the last nine quarters, is downsizing its network and has outdated work rules. Of all those shortcomings, probably only the latter can be blamed exclusively on the Teamsters' union. Yet an article in Today'sFinancialNews.com tries to blame all of YRC's shortcomings on its union, and very little to management's buying binge earlier in this decade that saddled the company with an unrealistic debt load.
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The Teamsters Are Not to Blame for YRC Wordwide's Current Desperatio - GLG News
 
Jeff, thanks for the post, I'am unable to read it with my antiquated system, but to speak on the statement by the finacel wizzards, I thought those days were over, for years after a company closed, it was always reported that because of the high cost of union labor they had to close the doors, and the general public reading this would accept it as law, not until recently have you heard of the unreal salaries and perks of the upper management, end result here, regardless of what happens, I hope the whole story is reported, again in my opinion, it was disigned this way, it didn't just happen, and the economy is just a small part of it.
 
What good does it due to point a finger. If you point a finger at me you have three pointing back at you. I don't care who is to blame. JUST FIX IT. IF YOU DON'T HAVE ANY NEW IDEAS GET THE HELL OUT OF THE WAY OF SOMEONE WHO DOES.
 
Yup. Go figure. Its always us the union that the corporations always blame. If it wasn't for us blue collar workers, the work wouldn't be getting done. Managment never does anything wrong well thats what they think. I thought that these people were suppose to be educated. Isn't that the reason why they went to college? Yup, go in dumb and come out stupid. Go to college and learn how to be a greedy criminal.
 
It took seven paragraphs for this clown to mention "giving the Teamsters credit" for taking the 10% pay reduction. That pretty much says it all.
 
NiKDiesel said:
Here is Andrew Snyder's post:

YRC Worldwide: Jimmy Hoffa would be proud

He is obviously mis-informed!
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look at the company as a high-risk, speculative play, but the rewards could be phenomenal for folks willing to hold onto shares for six months to a year. The threat of bankruptcy is still out there, but appears far smaller today than it did just 72 hours ago. As the situation improves, so will share price.
 
Johns an informed transportation specialist with friend's that work for YRC He's unbiased and tells it how it is and he also ripped mr. snyder a new one. Snyder makes rush limbaugh types sleep well at night. ...find a demographic / political party etc. to blame it on and sweet dreams zombies.
 
exactly!

Slipperysleuth said:
look at the company as a high-risk, speculative play, but the rewards could be phenomenal for folks willing to hold onto shares for six months to a year. The threat of bankruptcy is still out there, but appears far smaller today than it did just 72 hours ago. As the situation improves, so will share price.
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Exactly what I am doing and I hope others will be able to say they were glad they hung on to the stocks because it will be a great day when YRCW is highly profitable again like it was a few years ago ($40.00 dollars a share) and we can cash in on our patience. :shift:
 
wild deuce said:
Exactly what I am doing and I hope others will be able to say they were glad they hung on to the stocks because it will be a great day when YRCW is highly profitable again like it was a few years ago ($40.00 dollars a share) and we can cash in on our patience. :shift:
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sorry bro - hard assests are gone so no way is this b**ch gonna hit 40.oo. go for the short like everyone else is and keep some of the loot in the pot
 
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