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Yellow | Yellow Roadway News Articles

From the Moody Article, which stated the problem is Structural Weakness in YRCWs REGIONAL network.

The company is working on a program intended to address structural weaknesses, Moody's said.

This isn't the merger of Yellow-Roadway-- this is Holland/New Penn Moody's seems to be blaming. (Yellow seems to have shifted much of the debt to those carriers/ taken off Goodwill Charges?????)

No one can/will buy these carriers-- too much debt/ no credit to buy anything/ overcapacity in the market. Moody's blames this on the slump of the Auto Industry. Holland at least is a big time parts carrier, and the auto manufacturers aren't producing.....

So, what's to do???????
 
YRC to Present at Stephens Conference

YRC Worldwide CEO to Present at Stephens Conference

OVERLAND PARK, Kan., Nov. 17 /PRNewswire-FirstCall/ -- Bill Zollars, Chairman, President and CEO of YRC Worldwide Inc. (Nasdaq: YRCW), will deliver a company presentation at the Stephens Fall Investment Conference on Wednesday, November 19, 2008, at 10:30am ET. The conference will be held at The New York Palace Hotel, 455 Madison Avenue, New York, New York.

A webcast of the live presentation will be available to listeners via the YRC Worldwide Internet site yrcw.com. Replay of the presentation will be available within 24 hours also through yrcw.com.

YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, YRC Logistics, New Penn, Holland, Reddaway, and Glen Moore. The enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally. Headquartered in Overland Park, Kansas, YRC Worldwide employs approximately 58,000 people.
SOURCE YRC Worldwide Inc.
 
Standard & Poor's Ratings

 DOW JONES NEWSWIRES 


  Standard & Poor's Ratings Services lowered its credit ratings on YRC Worldwide Inc. (YRCW) further into junk territory, reflecting concerns about its covenant cushion, liquidity and operating prospects over the next year, given the slowing U.S. economy. 

  The ratings agency cut its corporate credit rating by three notches to B, which is in speculative territory, after warning it was considering such a move in late October. 

  Rival firm Fitch Ratings has cut its ratings on YRC twice in the past few months, saying the less-than-truckload market isn't expected to get better before mid-2009, which will pressure the company's credit profile. S&P echoed those comments Wednesday. 

  S&P warned it could lower the ratings again if YRC's liquidity position deteriorates further due to covenant concerns and access to capital becomes further constrained, noting an outlook revision to stable "is unlikely at this time." The credit rater expects the company's earnings to deteriorate further, putting pressure on covenant compliance in mid-2009. 

  Although it is the largest player in the less-than-truckload industry, YRC is subject to significant pricing and competitive pressures that are likely to intensify as demand for freight transportation has dropped sharply, S&P noted. 

  Shares were off 19% to $1.86 in recent trading after hitting an all-time low of $1.71 earlier in the session. 
 
Something positive

YRC Worldwide- News Release

Roadway Named LTL Carrier of the Year by Yamaha Motor Corporation, USA

Roadway’s Personalized Service and Strong Performance Metrics Improve the Supply Chain of Yamaha Motor Corporation, USA

OVERLAND PARK, Kan., November 19, 2008 – Roadway, a YRC Worldwide Inc. (NASDAQ:YRCW) brand, announced today that it has been named the 2008 National LTL Carrier of the Year by Yamaha Motor Corporation, USA. The award was presented by Yamaha Motor Corporation, USA during its Annual Carrier Conference, which was held on November 18th in Cypress, California. 

Roadway consistently achieved high scores in measurements for claims, inbound and outbound on-time performance, and customer satisfaction. However, the defining factor was the relationship Roadway developed to assist Yamaha Motor Corporation, USA with its unique transportation needs. 

“Strong performance metrics are essential, but they are no longer enough,” said Rich Benavides, Transportation Manager for Yamaha Motor Corporation, USA. “On a regular basis, Roadway works as a strategic partner with us, sharing information, listening to our needs, and developing solutions that help take costs out of our supply chain and aid our business.” 

“Our focus is on understanding our customers’ needs and then providing personalized service,” said Mark Olszewski, Western Division Vice President for Roadway. “With Yamaha Motor, we assembled a team of Sales and Operations professionals to work through transportation issues at distribution centers across the country and develop simple, smart solutions for them.” 

About Yamaha Motor Corporation, USA
Yamaha Motor Corporation, USA, is the United States distributor for Yamaha brand recreational products and is based in Cypress, California. Its ever-expanding product line includes motorcycles, scooters, side by side vehicles, outboard motors, ATVs, personal watercraft, snowmobiles, boats, outdoor power equipment, race kart engines, accessories, apparel, and much more. 

About YRC Worldwide
YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, YRC Logistics, New Penn, Holland, Reddaway, and Glen Moore. The enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally. Headquartered in Overland Park, Kansas, YRC Worldwide employs approximately 58,000 people.
 
YRC Press Release

YRC Worldwide Announces Plans to Commence Tender Offer for Senior Notes

Further Reduces Debt and Improves Earnings

OVERLAND PARK, Kan., Nov. 24 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) today announced further plans to reduce debt and improve earnings by commencing a tender offer to purchase its 5% and 3.375% contingent convertible senior notes due 2023 and its 8.5% senior notes due 2010 for up to $100 million in cash. The company had previously drawn on its senior credit facility to fund the purchases.

Based on the set offer prices and assuming sufficient participation, the company expects to purchase at least $230 million principal amount of notes resulting in a total debt reduction of at least $130 million. To the extent the principal amount of the purchased notes is greater than the amount paid, the difference will be recognized as a gain on extinguishment of debt and included in the company's earnings before interest, taxes, depreciation and amortization (EBITDA) under the debt-to-EBITDA leverage ratio in the company's credit agreement.

"This is another proactive measure that we are taking to reduce our debt and improve our earnings," stated Bill Zollars, Chairman, President and CEO of YRC Worldwide. "Given the deteriorating economic environment, we have implemented a comprehensive program to improve our competitive position, increase our profitability and enhance our financial condition."

Other components of the company's plan include the continued successful integration of Yellow Transportation and Roadway, sales of excess real estate, sales and leasebacks of real estate and significant cost reduction actions.

The tender offer is expected to officially launch on Tuesday, November 25, 2008, and will include further details relevant to the note holders.

This news release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the notes. The full details of the tender offer for the notes, including complete instructions on how to tender notes, will be included in a Schedule TO (including the Offer to Purchase and the accompanying Letter of Transmittal) that is being filed by the company tomorrow with the Securities and Exchange Commission (the "Commission"). Note holders are strongly encouraged to read carefully the Offer to Purchase, the accompanying Letter of Transmittal and any other related materials, including materials filed with the Commission, because they will contain important information. Note holders may obtain free copies of these materials, including the Offer to Purchase and the accompanying Letter of Transmittal, once they are filed with the Commission at the Commission's website at U.S. Securities and Exchange Commission (Home Page).

Certain statements in this news release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (each a "forward-looking statement"). Forward-looking statements include those preceded by, followed by or include the words "expect," "plan" or similar expressions. The company's actual future results and debt levels could differ materially from those projected in such forward-looking statements because of a number of factors, including (among others) the principal amount of notes of each series tendered, the purchase price of the notes, the satisfaction or waiver of the conditions of the tender offer contained in the Offer to Purchase, inflation, inclement weather, price and availability of fuel, sudden changes in the cost of fuel or the index upon which the company bases its fuel surcharge, competitor pricing activity, expense volatility, including (without limitation) expense volatility due to changes in rail service or pricing for rail service, ability to capture cost reductions, including (without limitation) those cost reduction opportunities arising from the combination of the sales, operations and networks of Yellow Transportation and Roadway, changes in equity and debt markets, a downturn in general or regional economic activity, effects of a terrorist attack, labor relations, including (without limitation), the impact of work rules, work stoppages, strikes or other disruptions, any obligations to multi-employer health, welfare and pension plans, wage requirements and employee satisfaction, and the risk factors that are from time to time included in the company's reports filed with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2007.

YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, YRC Logistics, New Penn, Holland, Reddaway, and Glen Moore. The enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally. Headquartered in Overland Park, Kansas, YRC Worldwide employs approximately 58,000 people.

SOURCE: YRC Worldwide Inc.
 
bubbadog121 said:
YRC Worldwide Announces Plans to Commence Tender Offer for Senior Notes

Further Reduces Debt and Improves Earnings

OVERLAND PARK, Kan., Nov. 24 /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) today announced further plans to reduce debt and improve earnings by commencing a tender offer to purchase its 5% and 3.375% contingent convertible senior notes due 2023 and its 8.5% senior notes due 2010 for up to $100 million in cash. The company had previously drawn on its senior credit facility to fund the purchases.

Based on the set offer prices and assuming sufficient participation, the company expects to purchase at least $230 million principal amount of notes resulting in a total debt reduction of at least $130 million. To the extent the principal amount of the purchased notes is greater than the amount paid, the difference will be recognized as a gain on extinguishment of debt and included in the company's earnings before interest, taxes, depreciation and amortization (EBITDA) under the debt-to-EBITDA leverage ratio in the company's credit agreement.

"This is another proactive measure that we are taking to reduce our debt and improve our earnings," stated Bill Zollars, Chairman, President and CEO of YRC Worldwide. "Given the deteriorating economic environment, we have implemented a comprehensive program to improve our competitive position, increase our profitability and enhance our financial condition."

Other components of the company's plan include the continued successful integration of Yellow Transportation and Roadway, sales of excess real estate, sales and leasebacks of real estate and significant cost reduction actions.

The tender offer is expected to officially launch on Tuesday, November 25, 2008, and will include further details relevant to the note holders.

This news release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the notes. The full details of the tender offer for the notes, including complete instructions on how to tender notes, will be included in a Schedule TO (including the Offer to Purchase and the accompanying Letter of Transmittal) that is being filed by the company tomorrow with the Securities and Exchange Commission (the "Commission"). Note holders are strongly encouraged to read carefully the Offer to Purchase, the accompanying Letter of Transmittal and any other related materials, including materials filed with the Commission, because they will contain important information. Note holders may obtain free copies of these materials, including the Offer to Purchase and the accompanying Letter of Transmittal, once they are filed with the Commission at the Commission's website at U.S. Securities and Exchange Commission (Home Page).

Certain statements in this news release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (each a "forward-looking statement"). Forward-looking statements include those preceded by, followed by or include the words "expect," "plan" or similar expressions. The company's actual future results and debt levels could differ materially from those projected in such forward-looking statements because of a number of factors, including (among others) the principal amount of notes of each series tendered, the purchase price of the notes, the satisfaction or waiver of the conditions of the tender offer contained in the Offer to Purchase, inflation, inclement weather, price and availability of fuel, sudden changes in the cost of fuel or the index upon which the company bases its fuel surcharge, competitor pricing activity, expense volatility, including (without limitation) expense volatility due to changes in rail service or pricing for rail service, ability to capture cost reductions, including (without limitation) those cost reduction opportunities arising from the combination of the sales, operations and networks of Yellow Transportation and Roadway, changes in equity and debt markets, a downturn in general or regional economic activity, effects of a terrorist attack, labor relations, including (without limitation), the impact of work rules, work stoppages, strikes or other disruptions, any obligations to multi-employer health, welfare and pension plans, wage requirements and employee satisfaction, and the risk factors that are from time to time included in the company's reports filed with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2007.

YRC Worldwide Inc., a Fortune 500 company and one of the largest transportation service providers in the world, is the holding company for a portfolio of successful brands including Yellow Transportation, Roadway, Reimer Express, YRC Logistics, New Penn, Holland, Reddaway, and Glen Moore. The enterprise provides global transportation services, transportation management solutions and logistics management. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally. Headquartered in Overland Park, Kansas, YRC Worldwide employs approximately 58,000 people.

SOURCE: YRC Worldwide Inc.
Click to expand...

OK....Thanks bubadog....I think..lol
This one just goes right over my head?????
Can anyone explain this...you know...kind of put it in terms that some one other than a banker or accountant would understand:popcorn:
 
not being very intelligent about yellow being worth 5 bil looks like u wud take total # of outstanding shares & multiply by 2.43 closing of 11-24-08 & that wud be current value according to shareholders thoughts. it dont matter what this person or that person says then u start bargaining.
 
Kinda scratching my head on this one

News for 'YRCW' - (*DJ YRC Worldwide Raised To Hold From Sell By Stifel Nicolaus) 

  (END) Dow Jones Newswires (201-938-5400)

  November 25, 2008 08:39 ET (13:39 GMT)

  Copyright (c) 2008 Dow Jones & Company, Inc.- - 08 39 AM EST 11-25-08
 
 
YRC, Teamsters Reopen Talks
[SIZE=-1]Traffic World, DC - 38 minutes ago[/SIZE]
[SIZE=-1]YRC Worldwide management is seeking to cut Teamsters wages as it tries to arrange new financing to pay off debt. The Teamsters union said it has been in ...[/SIZE]
chart_7777cc3.gif
[SIZE=-1]YRCW[/SIZE]
 
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