ABFS need to offer stock options and Union need to have concession on pay etc.
The truth is that ABFS is not in a finacially strong postion to offer more benefits. I know the truck driver need thier money but to be without a job is worse. if I was the union I would except the company stock option offer in place of reduce benefits. This will allow ABFS to double it shares price.and the union can cash in the sshares making moneyon the run up. No Brainer, or is the union against you making money???. This will not cost ABFS any mmore money and would make a heck of a lot more money for the union members ev.. Union member be smart. I bought this stock hoping for a settlement in favor of the company. If the share price was way up there than I would be more on the union side, but it not the time to tear down the company you work for. Good luck. I might sell my shares and move on if I do not see any postive result soon. Remember there are other players in the game as well.
The difference between the companies is yrcw had more than $1b in debt while abf is virtually debt free - a similar reduction in expenses for abf would launch the stock forward - when yrcw went through their restructuring, they got a little more cash but they actually increased their overall debt - and that is why their stock didn't climb. The hedge fund guys got their money - that is all they care about.