Is YRC finally headed to Bankruptcy, 2002 all over again (CF)?

[Shakey]

Strike risk rises as Yellow punts on more than $50M in required contributions

Documents revealed late Monday show Yellow Corp. has missed required contributions for June and plans to withhold July payments.

www.freightwaves.com

 

[ed1]

What will this do to the industry.
This would probably make Celadon look a minor event.

 

[Shakey]

What will this do to the industry.
This would probably make Celadon look a minor event.

I think there is enough capacity out there to absorb it, perfect timing market wise for them to go away and about time

 

[Rob]

I think there is enough capacity out there to absorb it, perfect timing market wise for them to go away and about time

I cannot believe they are even still around. Equipment etc is all pretty rough looking and just constant we need money bs from them

 

[PackRat]

I think there is enough capacity out there to absorb it, perfect timing market wise for them to go away and about time

You hit it right on the head Shakey. If YRC is bluffing its a good one since everyone knows that there is an over capacity in the marketplace right now. This wouldn't have worked last year. But if not.....bye bye YRC!