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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.....

 
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