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United Parcel Service, Inc. Message Board

  • dudesbag dudesbag Jan 10, 2014 3:48 PM Flag

    YRCW in trouble- issue with Teamster voting timing

    On January 6th the shares hit an intra-day high of $20.55. Right now they rest at under $14. The problem of course was the Teamster rejection of the contract extension to 2019. According to YRCW officials, they agreed to the key stipulation of renegotiating $300M of corporate debt but the arrangement was reached too late as most of the ballots were already in by December 23rd. So, now they have a disgruntled workforce, 250K not quite comfortable customers and 15K trucks in their aging fleet with little capex money to upgrade. It sure would be tough to be in their shoes.....

105.07+0.16(+0.15%)Apr 29 4:01 PMEDT