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YRC Worldwide Inc. Message Board

  • realkenathom realkenathom Mar 9, 2010 2:46 PM Flag

    Real Numbers from the presentation

    YRC today at the analyst meeting showed slides that said in their own words:

    Achieved a $217 million reduction in total balance sheet debt. that's why i say with revenue reductions in Q1 they will be worse in debt to revenue in q1 than at end of q4... go look at the 8k before you say anything.... reality is reality

    total debt, with letters of credit (over $400 million) is 1.6 billion WOW

    number of employees total... per bill 36000 people with more layoffs to come..

    bill complained about jan and feb weather... said its cost was $20 million... hmmmmmm

    said economy not showing signs of recovering... of course they aren't counting on that

    why more layoffs coming with customers returning is one i can't figure out...

    promised hundreds of millions in savings from cost initiatives...

    service levels... all time high per bill... yeah right...

    some people will swallow what he says, some won't

    i don't. i believe in the numbers, not Bill

    it's just a matter of time

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Layoff Zollars ?????

    • “……why more layoffs coming with customers returning is one i can't figure out... ….”

      Closing another 40 terminals? What happened to that?

    • And that is why you lose money.

    • Go rescue a stray cat or dog. You really think we care what *^^K you think?

    • "why more layoffs coming with customers returning is one i can't figure out..."

      Ken, I was hoping to see your comments on YRCW's call yesterday but must have missed this post.

      I think Bill was posturing yesterday for future bill count reduction reports. He seem to stress YRC's effort to shed unprofitable business and replace it with better freight. He also made one mention of YRC being number one in yield-management. That, of course, is a real joke. I expect to hear Bill refer back to this statement about purposely losing certain business to explain Q1 dramatic drop in volumes. He will hope that no one in the audience brings up rev/shipment or rev/cwt to challenge his yield-management claim.

      I too got a kick out of Bills statement about service levels being at an all-time high. Their service levels have never been industry leading, but I know they're bad right now.

      The people I talk to within the company say there is a lot of inside fighting going on right now. I don't think they're talking about physical violence but instead mean that cooperation between departments is really bad.

      • 1 Reply to oldfreightbroker
      • "The people I talk to within the company say there is a lot of inside fighting going on right now. I don't think they're talking about physical violence but instead mean that cooperation between departments is really bad"..............................You don't think their talking about PHYSICAL VIOLENCE? DUH ! Which way did they go George. You moron, the "inside the company info" that you love to report here, is just the typical whining and beachin that you would here at any company. Moron!

    • Tony, what Bill said at the meeting today, is just like what he told the passengers on this flight.

      Captain: "Good Morning folks, welcome aboard YRC. We just had a flameout and shutdown on engine #1, but no need to worry, we have three other engines operating just fine to bring us in to a nice smooth landing this morning. Just sit back, relax, and enjoy the rest of the flight. And thanks for choosing YRC today. We know you have a lot of choices out there, and yet you chose YRC. Thanks for allowing us to deliver confidence to you this morning".

      Flight Attendant: "Captain Zollars, it seems engine #2 just got real quiet".

      Captain: "Good Morning Folks, captain Z once again. It seems we have had a slight malfunction on engine #2 this morning so I will be shutting that engine down to minimize costs on repairs once we have landed. No need for alarm, we have two other perfectly functioning engines to bring us in to a nice smooth safe landing this morning. Please sit back, relax, and enjoy the rest of the flight".

      Flight attendant: "Captain Zollars, I just looked out the window of the bathroom I am taking my break in. You did say we could have 18.4% longer on our breaks didn't you? Anyway, I looked out and there are flames shooting out of engine #3, is that anything to be worried about?

      Captain: "Good Morning Folks, Captain Z from the controls again. I have just been alerted that flames were observed coming from one of our two remaining engines. I need to tell you that those are not flames, but just reflections of the sun off of the engine cowling. I contacted ground control fire crews who assured me that the engine was not on fire. However, they did allow that if I really believed that the engine was on fire, even after being assured that it was not on fire, they would allow me a two day extension as to whether or not I believed the engine was truly on fire. I am here to reassure you that I will be back to you by midnight two days from now to confirm the situation on engine #3. But until then, please, sit back, relax, and enjoy the rest of our flight this morning".

      Flight Attendant: "Captain Zollars, a passenger just pointed out to me that engine #4 appears to have detached and dropped off of the wing. Could that be a problem for us?"

      Captain: "Good Morning Folks, Captain Z here again. It has been brought to my attention that one of our four engines has seperated and torn away from the wing. Nothing to be alarmed about folks. Remember, this is a big 4 engine jetliner, one engine missing will not be a problem at all. Please relax, sit back, and enjoy the rest of the flight. the other 3 engines will bring us to a nice, smooth landing this morning.

      Flight Attendant: "Captain Zollars? The other 3 engines quit working before that engine #4 just fell off the wing. Is that going to be a problem?"

      Captain: "Good Morning Folks. It has been pointed out to me that before engine #4 fell off of the wing, the other 3 engines had also experienced problems. I am here this morning to assure you that those engine malfunctions have been overcome with extended warranty agreements granted by the engine manufacturers, effective tomorrow night at midnight. Please understand that it may be a bumpy flight getting to that point, but right now I would ask that you all just relax, sit back, and enjoy the rest of the flight. And thanks for choosing YRC today and allowing us to once again "deliver confidence" to your transportation needs."

    • jmuenzer@ameritech.net jmuenzer Mar 9, 2010 9:38 PM Flag

      Are you kidding me. Your posting every other message. Why are you wasting your time ? Unemployed sucks, Huh?

    • The FedEx setup is a little different than you suggest.

      The operating companies all have to stand on their own for costs, revenue and operating profits.

      But, they are able to share things like sales data, IT platforms and other 'back office' activities like claims - each operating company is charged fees for these services, but eliminating redundant overhead support saves a few pennies on each dollar of revenue.

      Another big advantage that FedEx has (in this economy) is they are sitting on a MOUNTAIN of equity. Currently that is $14 BILLION and $1.5 BILLION of that is in cash. With credit tight, being so solvent gives them tremendous leverage when they want to buy capital equipment.

      Bottom line, them and UPS have tremendous market 'clout' and mountains of wealth to throw at market share.

      You don't have to like them, but they are winning this war of attrition.

    • "I'm certainly qualified to have an opinion on YRCW.

      After all I've been dead on the money accurate since 2006.

      Not that you would be able to comprehend any of those opinions."

      No thats right, we can't understand gibberish.

    • I'm certainly qualified to have an opinion on YRCW.

      After all I've been dead on the money accurate since 2006.

      Not that you would be able to comprehend any of those opinions.

    • View More Messages
 
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