Freightmaster1
TB Legend
- Credits
- 606
Did you know?:
YRC Worldwide, Inc.’s market capitalization stands at about $90 million following the August 9 plunge in its share price after reporting weak second-quarter results. YRC’s “enterprise value,” or what it would roughly cost to acquire the company, is around $825 million, according to investment firm Deutsche Bank. That combines $735 million in net debt – gross debt minus cash – and its $90 million market cap. It excludes pension liabilities.
Final thoughts:
YRC Worldwide, Inc.’s network optimization strategy, which is expected to take two years to fully play out, looks like it will involve much more consolidation. According to a post on TruckingBoards.com, the sales forces of YRC’s national and regional units will be combined into one team, and all regional headquarters operations will be aggregated at the parent’s Overland Park, Kansas headquarters. It’s already been announced that Northeast regional less-than-truckload (LTL) carrier’s New Penn Motor Express’ Lebanon, Pennsylvania headquarters will be closed. Even orders for separate driver informs for the three regional units have been canceled, according to the post.
Hammer down everyone!
https://www.freightwaves.com/news/todays-pick-up-son-of-spaghetti-junction-yrc-in-consolidation-mode
YRC Worldwide, Inc.’s market capitalization stands at about $90 million following the August 9 plunge in its share price after reporting weak second-quarter results. YRC’s “enterprise value,” or what it would roughly cost to acquire the company, is around $825 million, according to investment firm Deutsche Bank. That combines $735 million in net debt – gross debt minus cash – and its $90 million market cap. It excludes pension liabilities.
Final thoughts:
YRC Worldwide, Inc.’s network optimization strategy, which is expected to take two years to fully play out, looks like it will involve much more consolidation. According to a post on TruckingBoards.com, the sales forces of YRC’s national and regional units will be combined into one team, and all regional headquarters operations will be aggregated at the parent’s Overland Park, Kansas headquarters. It’s already been announced that Northeast regional less-than-truckload (LTL) carrier’s New Penn Motor Express’ Lebanon, Pennsylvania headquarters will be closed. Even orders for separate driver informs for the three regional units have been canceled, according to the post.
Hammer down everyone!
https://www.freightwaves.com/news/todays-pick-up-son-of-spaghetti-junction-yrc-in-consolidation-mode
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