More Rumors

[stevetheupsguy]

Heard a rumor today from a managment person at SouthEastern freight. He says he heard that Yellow/Roadway will be filing for bankruptcy protection. Anyone know, heard anything about this?

 

[mattwtrs]

Heard a rumor today from a managment person at SouthEastern freight. He says he heard that Yellow/Roadway will be filing for bankruptcy protection. Anyone know, heard anything about this?

This rumor has been going around for a while. UPS Freight is hoping they close up so they can get some "barns" cheap. Their freight will be easy to get.

I feel sorry for their drivers that I have known for many years. Some of them used to be low seniority UPSer's that had a chance to work daylight and be top seniority when Yellow & Roadway opened terminal's in my area.

 

[Chop]

In March YRC got the banks to reorganize thier debt to the tune of 962 million, so with the Teamsters giving up 10% in wages they have about 9 months of breathing room.

 

[lastoasis]

today on the PA Turnpike I saw ABF tractors pulling Yellow Freight trailers...........did I miss something in the news?

 

[UpstateNYUPSer(Ret)]

YABF?

 

[grgrcr88]

Not the case, at least not right now.