Comments on: YRCW: NO SUSTAINED ECONOMIC RECOVERY

By: jcwitness

jcwitness — Mon, 09 Nov 2009 05:38:17 +0000

I have been concerned with the long term viability of any of our shipping companies.
I just read on another news site:
http://www.visionvictorymanifesto.com
There is a reference there that the auto industry proposed a fuel tax hike that would immediately take gas to $8 a gallon. (to get people to buy more efficient vehicles).
Does this mean that diesel would follow?
Would companies like YRCW be doomed to fail anyway??
Fedex also is running some ad campaign stating that UPS is asking for a ‘Brown Bailout’. is this stuff for real???

By: Alex J

Alex J — Tue, 03 Nov 2009 19:40:48 +0000

I am in the industry in a management capacity and consider my self an expert. The root of the problem here is the lack of capacity from the carrier to secure business. Allthe problems are based on lack of business. Yellow has a very poor if any, sales culture, most of the sales people I see for the YRFC network are ex operations people that have no idea how to do a sales call. All they want is to take you to lunch as if this is going to get them business. Move a step up, and you run into the missconception, that just because they are the biggest and have all the bells and wistles, thay can provide better service. Move a step up and senior management belives that just on Brand they should get business.
Zollars should have gone out 5 years ago, the same good boy network keeps running the copany with no fundamental change. Even if they come out of this, nothing is going to change with this company. No matter how they refinance themselves, the core, the rainmaking philosofy has to change. It is a new world out there integrateors, 3 PLS, brokers. You just can not keep going this way

By: Roberto

Roberto — Tue, 03 Nov 2009 18:18:33 +0000

Does anyone here have any information about ID Global. Their website has been taken down and supposedly trading has been suspended. There still seems to be some
trading activity on the pink sheets.

-Roberto

By: Roberto

Roberto — Tue, 03 Nov 2009 18:13:02 +0000

20-1 P/E ratio… guess again! The way P/E ratios are figured were changed by S&P back in 2001-2002. P/E ratios now use operating earnings not total company earnings. This leaves out several things. Among them interest on debt… Hello!
Actual P/E ratios would be at least double, perhaps more if interest was included.
This is the biggest sham market ever. Caveat emptor! Hava great trading day.

-Roberto

By: Robert Berke

Robert Berke — Tue, 03 Nov 2009 17:24:32 +0000

Will Buffet’s buy-out of Burlingame be the the final nail in the coffin for the failing trucking industry?

By: mike

mike — Tue, 03 Nov 2009 15:27:13 +0000

Unless you are a coal miner, ALL unions stink.

By: Robby

Robby — Tue, 03 Nov 2009 14:24:03 +0000

Always let sleeping dogs lie!

By: Bob and Scott

Bob and Scott — Tue, 03 Nov 2009 14:04:44 +0000

Didn’t YRCW just work a deal with the union drivers for stock in exchange for givebacks? After that it appears that they might be finding a nice way to wipe out the common. Labor is SOL. Boy, the union might have screwed this one up.

By: TPC

TPC — Tue, 03 Nov 2009 00:05:56 +0000

And your post, sir, implies that your company is simply the victim of circumstance as opposed to poor management, horrible cost structures, a burdensome union and a disastrous and poorly executed merger.

Granted, the weak economy hasn’t helped, but to imply that the union and management are not to blame at all for the current predicament is just a blatant lie.

By: Lee

Lee — Mon, 02 Nov 2009 23:42:13 +0000

Sir, your blog is taken as a slam on the unions and obviously you are no transportation analyst. If you knew what you were talking about specifically with this company, you would know that the employees, union and non-union, have taken massive paycuts that have resulted in incomes such as mine and my fellow coworkers being 30-50% for 2009 than what we made in 2008, and that does not account the freeze of retirement cuts in form of pension payments for union employees and 401K match for non-union employees.

The real problem with YRCW is that the integration of the Yellow and Roadway units that occured in March, happened to go off with more mishaps than a zebra has stripes. That led to a massive loss of shippers, which in turn led to revenue losses and lost market share. In fact, the largest unit of YRCW, YRC National Transportation, (formerly Yellow and Roadway) is barely the size of one of the former trucking giants on it’s own prior to the March merger.

For more accurate information about YRCW, you and your readers should go to http://insight.yrcw.com/ . Thank you.