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The holding company for a handful of brands, YRC Worldwide is among the world’s largest providers of transportation services.
I work for this company, it is poorly managed at the operations level at least at the union sector. Even the management is looking for employment. I realize somebody on top is trying to keep it afloat but I know they have no clue on what is going on in their operations. The terminal supervisors are not concerned about making money, infact they couldnt believe the last round of concessions went through. Once again, this company at the union sector cannot survive unless field management is changed. I find it difficult to fathom them being in business this summer.
you paint a gloomy outlook; but thanks for the perspective.
Please tell me your name and position and I will be able to take your concerns to the CEO lol. Just kidding. Thanks for input. :D
Fear and uncertainty only breeds more fear and uncertainty. Individuals need to look beyond all the hear say and look at only the factual info that is there. Concern yourself with what has been accomplished and the present path that is being taken to find the end result. I see only positive initatives taking place by all players whom are trying get this company back onto its profitable feet. Yes, call me optimistic, but when you seperate fact from fiction you may see things a little clearer.
I myself work for the company also, but on the regional side with Usf Holland. I do not see them staying in business myself. They owe almost 3 billion dollars in debt and the interest alone is around $175 million a year. I see the whole company doing a restructure bankruptsy to survive. Also the pension starts back June 1 but only at 25%, Take care all.
Sometimes I have to ship with YRCW and I always dread it. They use an automated scheduling system that takes much longer than talking to a dispatcher. If I have a hazmat shipment, I have to supply multiple large placards because they use old trailers (all of the other carriers that I use switched to the 'flip-out' placards years ago). So, they waste my time and cause me an unnecessary expense. Also, their rates are seldom competitive with other carriers. How can a company dig itself out of a hole if the customers aren't happy with the service?
wow...you could not ask for more than this if your a bear in this stock, a guy on the ground endorsing your position...
HEADLINE: YRC Worldwide Meets With IBT and Postpones Third Quarter 2013 Conference Call (Wed., Nov. 6 2013)YRC is postponing their earnings because the numbers are horrendous, and everyone in the union knows it. They want to complete their little deals before they release the numbers .It would not make sense to make a sweet deal with the union after horrible earnings, so they just postpone the earnings until the deal is done. INVESTOR BEWARE!!!Mark my words on this one, the Q3 earnings are BAD! (insider)
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