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YRC Worldwide Inc. Message Board

  • etirer etirer Dec 19, 2007 1:05 PM Flag

    YRCW does not have any tangible equity.

    If you subtract goodwill from assets and add the liability from the Teamsters underfunded multi-employer pension plan (an off-balance sheet obligation - UPS just paid $6 billion to exit the plan), the tangible value is negative.

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    • I give up...you are right.

    • Maybe I am missing something here.......you are the one that stated in a prior post quote,
      "I am Director of National Sales for a worldwide transportation and logistics company...we do about $700M in revenue"

      Now who started talking size? Why do you feel you need to divulge this type of info? Is it to boast or inflate your ego? To make it sound like you are in the know? Maybe you are just trying to portray yourself as an insider? Yet you keep pumping DHL as buying YRCW��.

      Tell us, we all want to know who is this company you work for? Or are you afraid of being exposed as a fake?

    • On June 26, 2007,�Meridian IQ, a wholly owned subsidiary of YRC Worldwide Inc., announced that it had changed its name to YRC Logistics to better reflect the company�s expertise in logistics and its relationship to YRC Worldwide. YRC Logistics is the global logistics services of the YRC Worldwide companies.�

      YRC Worldwide announced October 25th that Mike Smid had been named President of North American Transportation. In this newly created role, Smid is responsible for the asset-based operating companies of YRC Worldwide, (Yellow, Roadway, the USF companies and New Penn). Smid still reports to Bill Zollars, Chairman, President and CEO of YRC Worldwide. Smid has served as President of YRC National Transportation since its formation in January 2007 and was previously President of Roadway. Jim Staley, President of YRC Regional Transportation, announced his retirement effective December 31, 2007.

      Zollars further: We are targeting $100 million over the next six months through the combination of enhanced operating performance, the elimination of redundant activities and other cost reductions.

      On December 13th, 2007, The Teamsters and TMI/YRC Worldwide reached a tentative agreement on a new National Master Freight Agreement that allows the unionized companies a chance to better compete against the non-unionized freight companies. Finalized months ahead of time.

      On December 19th, 2007, Mike Naatz was appointed Chief Integration Officer of North American Transportation. Naatz's role is to lead the effort to further streamline operations, improve efficiency and enhance service capabilities.

      I'd say Zollars is earning his keep by preparing for the big downward turn. YRCW is still looking at earning 2.40 for 2008. What other major transportation outfit is filling the sandbags before the flood? Nada...

    • Your statement is well written, but unfounded. You need to dig a little deeper down...

 
YRCW
16.65+0.72(+4.52%)1:57 PMEDT

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