YRC WORLDWIDE INC COM STK USD1.00 (NASDAQ:YRCW)
CAPS Rating:
The holding company for a handful of brands, YRC Worldwide is among the world’s largest providers of transportation services.
The holding company for a handful of brands, YRC Worldwide is among the world’s largest providers of transportation services.
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Recs
YRCW is in despiration mode. They've been in despiration mode way before everyone else started noticing market problems, the purchase of Roadway is a perfect example. Leaders are not perfect as in the purchase of USF, however the integration of Yellow and Roadway to become YRC has been welcomed by customers (not all). The back-end redundant office work is being reduced.
The Bank renegociated yesterday. That mixed with the mergers of Yellow and Roadway are going to put YRCW in a great position to weather recession.