As revenue continues to decline, YRC will continue deep discounting in an effort to maintain the business they are handling. They need tonnage to move linehaul schedules and cannot afford to lose the freight to competitors' due to pricing.
The Teamster's Central States Pension Fund is in trouble and requiring at least an 8% increase in premiums per year. YRCW labor's benefits costs are exceptionally high already and will only go higher while their revenue is decreasing due to very agressive discounting.
If this Company is still alive in 6mo. buy it then...I think the company is on it's way DOWN (CF and others same thing is going on before they went down).
Workers are very upset and all union workers do not agree how they manage there TIME/money, TO MUCH OVERHEAD this is a Dock worker who speaks..
2 of the biggest private owned trucking companys are cutting cost by eliminating personal days,401k,match,and holiday pay.this will give them the upper hand this last quarter.this will save the two company's about 60,000,000 and drop the cost of shipping further on the competition.