Nail by nail, the coffin for YRC Worldwide is closing. Their Q3 loss this year is a great big $62mm, which will come as a big surprise to those penny-stock true believers whose wishful thinking kept them long this turkey. Way to go. Tonnage improvements don't matter if they make your company less profitable.
Shedding unused terminals won't help either. Do the math. Selling another $40mm or so worth of excess property by the end of the year won't be enough to close the Q3 net loss, let alone mitigate whatever losses are looming for Q4. I've been 100% right about this company and the Teamsters will never admit it.
Full disclosure: No position in YRCW / YRCWD.
Shedding unused terminals won't help either. Do the math. Selling another $40mm or so worth of excess property by the end of the year won't be enough to close the Q3 net loss, let alone mitigate whatever losses are looming for Q4. I've been 100% right about this company and the Teamsters will never admit it.
Full disclosure: No position in YRCW / YRCWD.
