"Even with all the challenges YRCW is facing, Regan said that the company should be given credit for what it has accomplished.
“Between the lenders and unions, YRCW has done the impossible,” he said, “which is still to be standing here in October. The reality is if you are a carrier you have got to say that the bankers are “all in” and not folding with YRCW. If they were going to fold, they would have done it a long time ago. At some level, carriers need to wonder how much more predatory pricing they can engage in before they inflict serious economic harm on their own business models.”
"Shippers should be very glad YRCW is still around, because it is creating leverage for them that they are using to extract lower rates.”
The lower rates wont continue forever, eventually carriers will die off and stabilize the market. Simple supply and demand at work. The fact this author doesnt understand this makes it a worthless read.