With the selling of their headquarters, this company is trying to get cash to stay alive with its massive overhead and operating costs.
Well, sooner or later, they will run out of assets to sell. Without assets or collateral, the banks will not fund their operation. They are to big for factoring.
Right now, they are cutting rates to fill trailers and generate "cash flow" to stay alive. They blame other carriers for right cutting but they are the leaders in doing it.
What assets are left......None. If they loose business to other carriers, their goes the cash flow. Their goes YRC. Cash is king in this economy and they will be DOA.
Well, sooner or later, they will run out of assets to sell. Without assets or collateral, the banks will not fund their operation. They are to big for factoring.
Right now, they are cutting rates to fill trailers and generate "cash flow" to stay alive. They blame other carriers for right cutting but they are the leaders in doing it.
What assets are left......None. If they loose business to other carriers, their goes the cash flow. Their goes YRC. Cash is king in this economy and they will be DOA.