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The Competition
USPS, DHL, Amazon, Drones, etc.
is YRC on the comeback trail?????
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<blockquote data-quote="ch317273" data-source="post: 1509223" data-attributes="member: 56865"><p>Yeh I heard the same thing but then I read the ceo welch signed a new more lucrative contract given he has supposedly turned the company around a corner in a better direction....but I heard their debt is overwhelming even with refinancing....I guess it was shocking to me when consolidated freight went under I guess yrc isn't exempt either, nor is anyone really exempt , I'd like to see yrc make it though on a personal note, but I take it they have an uphill battle, but another thing to think about it perhaps the banks will want to consistently work with them when it comes to refinancing in the future because if yrc does go down, all the banks would stand to get is old trucks and trailers, in other words I would imagine creditors would WANT to work with them to make it work rather than have them go bankrupt</p></blockquote><p></p>
[QUOTE="ch317273, post: 1509223, member: 56865"] Yeh I heard the same thing but then I read the ceo welch signed a new more lucrative contract given he has supposedly turned the company around a corner in a better direction....but I heard their debt is overwhelming even with refinancing....I guess it was shocking to me when consolidated freight went under I guess yrc isn't exempt either, nor is anyone really exempt , I'd like to see yrc make it though on a personal note, but I take it they have an uphill battle, but another thing to think about it perhaps the banks will want to consistently work with them when it comes to refinancing in the future because if yrc does go down, all the banks would stand to get is old trucks and trailers, in other words I would imagine creditors would WANT to work with them to make it work rather than have them go bankrupt [/QUOTE]
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The Competition
USPS, DHL, Amazon, Drones, etc.
is YRC on the comeback trail?????
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