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insight.yrcw.com/read_past_the_headlines.html

Read past the headlines

While YRC Worldwide continues the work to complete the final phase of  our comprehensive restructuring plan, competitors are making noise  about a simple by-product of current negotiations among stakeholders. As  one of our important stakeholders, you deserve the facts--not noise and  confusion.

Recent developments
On Feb. 28, the company's lender group and union approved a non-binding  agreement in principle for the comprehensive restructuring for YRC  Worldwide. On March 10, a pension fund majority provided their  non-binding acceptance of all the terms except for the stated interest  rate on the deferred pension payment balance. This wasn't acceptable to  some of the lenders.

It's nothing unusual; it's all part of the negotiating process. But  the language in the Form 10-K filed with the SEC is creating an unusual  amount of noise. Rating agency reports also have drawn attention, but  their current ratings are not a surprise throughout the restructuring  period. We expect them to reevaluate once the restructuring is complete.

Dramatic headlines
We believe the significance of these actions has been overstated by  competitors and the media. The pension plans didn't provide their  non-binding acceptance of all the terms by the target date. The  "milestone failure" is a technical failure under the company's credit  agreement, but importantly, the administrative agent for the lender  group does not recommend that the lenders take related action at this  time.

As the IBT told members: "This missed deadline has been greatly overstated and is not particularly significant to the overall restructuring process.  Unfortunately, the union understands that YRCW's competitors are trying  to use this recent news to their advantage. We ask our members to not  fall prey to the exaggerated headlines and to not let YRCW's customers  do so either."

Signs of progress
As work is done toward completion of the restructuring, we continue to see positive signs for the future:

• A new JP Morgan report reads "'Milestone Failure' Is Probably Noise; Credit Markets Imply Restructuring Likely ...."  The report goes on to note YRCW Term Loan trading in the mid-'90s and  Revolver trading at a price above par. The market value of YRC Worldwide  debt has been trading significantly higher--indicating confidence in  the outcome of the restructuring.
• We are seeing healthy shipment volumes. Our analysis of the top  LTL carrier's shipments, weight and revenue levels indicate YRCW's  market share has stabilized and is improving.
• Because of our confidence in the future, we're making an investment by expanding our sales team.

We'll continue to provide updates as the restructuring moves toward  completion. We know that the headlines and speculation can be  distracting. But we are not distracted: As always, our focus remains on  serving the transportation and logistics needs of our customers.

Babelfish übersetzung

Lesen Sie hinter den Schlagzeilen

Während YRC weltweit die Arbeit fortsetzt, um die Endphase unseres  kompletten Umstrukturierungsplans abzuschließen, bilden Konkurrenten  Geräusche über eine einfache Nebenerscheinung der gegenwärtigen  Vermittlungen unter Verwahrern. Als einer unserer wichtigen Verwahrer,  verdienen Sie die Tatsachen--nicht Geräusche und Durcheinander.

Neuentwicklungen
Am 28. Februar genehmigten der Stelledie  gruppe Firma und der Anschluss eine non-binding Vereinbarung  prinzipiell für die komplette Umstrukturierung für YRC weltweit. Am 10.  März stellte eine Pensionsfondsmajorität ihre non-binding Annahme aller  Ausdrücke außer dem angegebenen Zinssatz auf der aufgeschobenen  Pensionzahlungsbalance zur Verfügung. Dieses war nicht für einige der  kreditgebenden Stellen annehmbar.

Es ist ungewöhnliches nichts; es ist alles Teil des  Verhandlungsprozesses. Aber die Sprache in der Form 10-K, die mit der  sek archiviert wird, verursacht eine ungewöhnliche Menge Geräusche.  Ratingfirmareports auch haben Aufmerksamkeit gezeichnet, aber ihre  gegenwärtigen Bewertungen sind nicht eine Überraschung während des  Umstrukturierungzeitraums. Wir erwarten sie, um neu zu bewerten, sobald  die Umstrukturierung komplett ist.

Drastische Schlagzeilen
Wir glauben, dass die Bedeutung  dieser Tätigkeiten durch Konkurrenten und die Mittel übertrieben worden  ist. Die Rentenversicherungen stellten ihre non-binding Annahme aller  Ausdrücke nicht bis zu dem Stichdatum zur Verfügung. Der  „Meilensteinausfall“ ist ein technischer Ausfall unter der  Gutschriftvereinbarung der Firma, aber wichtig, empfiehlt das  Verwaltungsmittel für die Stellegruppe nicht, dass die kreditgebenden  Stellen in Verbindung stehende Maßnahmen diesmal ergreifen.

Als das IBT erklärt Mitglieder: „Dieser fehlende Stichtag ist groß übertrieben worden und ist nicht zum Gesamtumstrukturierungprozeß besonders bedeutend.  Leider versteht der Anschluss, dass Konkurrenten YRCWS versuchen, diese  neuen Nachrichten zu ihrem Vorteil zu verwenden. Wir bitten unsere  Mitglieder, Opfer nicht auf die übertriebenen Schlagzeilen zu fallen und  YRCWS nicht zu lassen tun Kunden so irgendein.“

Zeichen des Fortschritts
Wie Arbeit in Richtung zur  Beendigung der Umstrukturierung erledigt wird, fahren wir fort,  Pluszeichen während der Zukunft zu sehen:

• Ein neues JP Morgan, den Report „„Meilenstein-Ausfall“ liest, ist vermutlich Geräusche; Kreditmärkte deuten Umstrukturierung wahrscheinlich…. an“  Der Report fährt fort, das YRCW Ausdruck-Darlehen zu merken, das in den  Mid-90 und im Revolver handeln zu einem Preis über Gleichheit handelt.  Der Marktwert YRC der weltweiten Schuld hat erheblich höher  gehandelt--Anzeige des Vertrauens im Resultat der Umstrukturierung.
• Wir sehen gesunde Versandvolumen. Unsere Analyse des Versandes der  Oberseite LTL-Fördermaschine, Gewicht und Einkommensniveaus zeigen an,  dass Marktanteil YRCWS stabilisiert hat und verbessert.
• Wegen unseres Vertrauens zukünftig, bilden wir eine Investition, indem wir unsere Verkaufsmannschaft erweitern.

Wir fahren fort, Updates zur Verfügung zu stellen, während die  Umstrukturierung in Richtung zur Beendigung sich bewegt. Wir wissen,  dass die Schlagzeilen und die Betrachtung ablenken können. Aber wir  werden nicht abgelenkt: Als immer, bleibt unser Fokus auf dem  Entsprechen der Transport- und Logistiknotwendigkeiten unserer Kunden.

YRC WORLDWIDE FINANCIAL FACT SHEET: Important facts about the YRC Worldwide financial strategy (03/28/2011)

findet ihr darunter...

insight.yrcw.com/archive_faqs.html

...sagte heute morgen, dass Plutonium im Boden nicht gefährlich sei.

Alles super, oder?

Will sagen, dass YRC die Lage auf Ihre Sicht darstellt, will nichts heißen, denn dieses Update war gestern bereits public. Und der Kurs? Hmmm....

Mal sehen, gleich geht´s los.

so nun müssen wir noch 47.500 Millonen andere überzeugen

ne ne ist nicht schlecht was da steht,

ich glaube wir bekommen gerade die kurve und dann......

By Chris Middleton -                Mar 29, 2011 5:08 PM GMT+0200

www.bloomberg.com/news/2011-03-29/...on-table-.html?cmpid=yhoo

Zahlen von USA Forum 2011 ;-)

1/01-142
1/02-317
1/03-28,451
1/04-38,151
1/05-40,198
1/06-40,878
1/07-41,217.
1/08-716
----------
1/10-34,971
1/11-38,966
1/12-36,971
1/13-42,641
1/14-43,471
1/15-1147
1/16-468

1/17-37,945
1/18-39,784
1/19-43,113
1/20-40,792
1/21-34,516
1/22-372
1/23-179
1/24-40,869
1/25-43,967
1/26-42,587
1/27-42,943
1/28-46,659
1/29-790
1/30-561
1/31-46,214

2/01-36,009
2/02-28,398
2/03-43,571
2/04-41,979


2/07-42,171
2/08-43,832
2/09-40,226
2/10-42,445
2/11-44,925
2/12-1,362
2/13-445
2/14-43,678
2/15-45,644
2/16-43,952
2/17-43,912
2/18-44,796
2/19-1,219
2/20-329
2/21-34,629
2/22-46,200
2/23-46,638
2/24-46,047
2/25-45,324
2/26-1,087
2/27-556
2/28-50,028

3/01-44,405
3/02-44,762
3/03-44,683
3/04-45,703
3/05-650
3/06-670
3/07-43,460
3/08-45,526
3/09-45,418
3/10-45,331
3/11-45,469
3/12-1,093
3/13-368
3/14-46,545
3/15-47,006
3/16-46,198
3/17-45,748
3/18-44,799
3/21-44,527
3/22-45,027
3/23-45,461
3/24-47,137

messages.finance.yahoo.com/...p;mid=368925&tof=3&frt=2

Danke Prinz die Transportzahlen sind erheblich besser als im letzten 1 Q. So langsam nähern wir uns den 50.000. Und das nationale Geschäft das die größe Stütze von yrcw ist hat ja auch kräftig zugelegt sonst würden nich 1000 neue Mitarbeiter benötigt. Laut aktuellenberichten müste das Transportvolumenj ungefähr i, 1 Quartal um 8,5 % zugelegt haben.

Vielleicht wird bewußt gewartet bei den Umfinazierungsmaßnahmen aufs 1.Quartal. Dann hat man wieder ne ganz andere Basis in der Krdeitverhandlung .

Hot Stock Alert – YRC Worldwide bounces amid Tonnage Recovery and Default Fears

Wednesday, March 23rd, 2011 in Blog : by Admin

he shares of YRC Worldwide Inc. (Nasdaq: YRCW)  soared 50% over the last three trading days, hitting $1.99 on March 22  on volumes that more than doubled its 90-day average. The recent surge  was driven by recovering freight volumes in 2011 as well as the trucking  company’s announcement that it plans to hire nearly 1,000 drivers this  year.

Despite the growth, YRCW shares lost 42% in 2011 due to challenging  conditions in the trucking industry that caused the company to lose  money over the last three years. The company is currently struggling to  avoid bankruptcy under a heavy debt load and tough competition.  It  negotiated with its lenders to soften the terms of its debt, asked  workers to accept pay cuts, proposed debt-to-equity swaps and sold real  estate to continue operations.  With a 52-week range of $1.19-$20, the  March 22 trade is in the lower end of that range.

For the full year 2010, YRCW reported a net loss of $322 million or  $8.13 per share, compared to a net loss of $622 million for 2009. The  revenue in 2010 declined 12% to $4.3 billion from $4.9 billion in 2009.

The trucking company has recently reported that it failed to get the  necessary approvals, from certain pension funds, for its financial  restructuring plan to convert some of its debt into stock. Accordingly,  lenders could declare the company in default and push it toward  bankruptcy immediately. While the lenders have not yet indicated they  are going to declare YRCW in default, a number of rating agencies  downgraded the company’s credit rating implying highly speculative or  junk class.

The trucking industry was beaten exceptionally hard during the  economic crisis with nearly 2000 companies wiped out of business and  others shrinking the size of their fleets. Only in 2010 demand begun to  recover, giving truckers improved fundamentals. For 2010, the trucking  tonnage was up 5.7% compared with 2009, according to American Trucking  Associations (ATA). During the first two months of 2011, the trucking  tonnage continued the upward march with a year over year growth rate of  7.6% in January and 4.2% in February. ATA estimates were also confirmed  by the financial reports from the major tracking companies, which  evidenced that shipment weights and load counts are both increasing as  various markets recover. Truck freight volume, however, remains quite  unpredictable.

Over the last quarters, YRCW has begun to show signs of recovery,  albeit at a lower pace than its competitors. The company’s revenue  increased 3.9% to $1.09 billion in Q4 2010 from 1.05 billion in Q4 2009,  beating analysts’ average forecast of $1.07 billion, according to  Thomson Reuters.

As a part of recovery plan, YRCW has been selling assets, reducing  costs through layoffs, while working to recapitalize and reduce the debt  levels. During 2010, it succeeded to shrink the debt by $73 million.  The debt balance of $1.05 billion, as of December 31, 2010, threatens  severely the company’s ability to continue operations, despite the  improvements in cash flow generation. In addition, the deal to convert  more than $470 million debt to equity was recently halted raising the  default likelihood.

Going forward, YRCW plans to continue negotiations to soften the huge  debt pressure, while continuing cutting on expenses and optimizing the  fleet management to create greater density moving to and from its  delivery terminals. Favorable industry trends combined with an optimized  cost structure and highly leveraged balance sheet positions YRCW well  to generate significant returns to its shareholders if it succeeds to  breakeven. However, the company failed to keep up the recovery speed at  the industry’s level in 2010, losing market share to its direct  competitors, which reported better growth rates and momentum in 2010.

As the freight levels are expected to keep up the same growth pace in  2011, YRCW has another opportunity to capture the industry’s expansion  and with a better cost structure to breakeven. However, the analyst  consensus is betting that YRCW will continue reporting losses in 2011  and 2012 on flat revenue. The default threat as well as pending dilution  to existing shareholders could further take a toll on the company’s  valuation.

• This      newsletter has been helping traders make a killing on YRCW. Click      here for a 25% discount offer.
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http://www.microstockprofit.com/2011/03/23/hot-stock-alert-yrc-worldwide-bounces-amid-tonnage-recovery-and-default-fears/

Citi analyst thinks lee-than-truckload industry beginning steady recovery of prices, volume

NEW YORK (AP) -- A Citi Investment Research  analyst said Wednesday that the less-than-truckload industry is "showing  signs of a sustainable recovery," which should lead to price increases  and better margins for truckers.

Both freight volume and prices  are improving faster than expected in the first quarter despite severe  winter weather and rising fuel prices, Christian Wetherbee noted.

For  LTL carriers Arkansas Best Corp. and Old Dominion Freight Line Inc.,  Wetherbee expects volume to grow by about 18 percent, on average.  Including Con-way Inc., he predicts that prices will rise about 4  percent.

The analyst upgraded shares of Arkansas Best to "Hold"  from "Sell," noting the stock's recent decline. He thinks better prices  should give the company better leverage and allow it to return to  profitability in the second quarter. Wetherbee also raised his earnings  estimates for the Fort Smith, Ark.-based trucker.

He also raised  his estimates for Old Dominion and Con-way, while maintaining "Hold"  ratings. Old Dominion continues to gain a bigger slice of the market,  but the analyst thinks margins will grow at a slower pace than its  peers. Con-way, on the other hand, should see sharp increases in  margins, he predicts.

Although he's optimistic about a recovery,  Wetherbee said trucking capacity still remains high and pricing is  rebounding from very low levels, which may mean margins won't accelerate  as fast as expected. All his predictions assume that LTL carrier YRC  Worldwide Inc., which is saddled with debt, remains in business.

Less-than-truckload  operators take freight from several shippers and redistribute it at  terminals. That's opposed to truckload carriers that take freight  directly from one shipper to a recipient such as a retail store.

finance.yahoo.com/news/...oad-apf-2360287282.html?x=0&.v=1

http://www.joc.com/trucking/heavier-truck-freight-shifting-ltl

Du meinst sicherlich die Frachtzahlen, oder?

Published: Wednesday, 30 Mar 2011 | 12:04 PM ET

NEW YORK - A Citi Investment Research analyst  said Wednesday that the less-than-truckload industry is "showing signs  of a sustainable recovery," which should lead to price increases and  better margins for truckers.

Both  freight volume and prices are improving faster than expected in the  first quarter despite severe winter weather and rising fuel prices,  Christian Wetherbee noted.

For  LTL carriers Arkansas Best Corp. and Old Dominion Freight Line Inc.,  Wetherbee expects volume to grow by about 18 percent, on average.  Including Con-way Inc., he predicts that prices will rise about 4  percent.

The  analyst upgraded shares of Arkansas Best to "Hold" from "Sell," noting  the stock's recent decline. He thinks better prices should give the  company better leverage and allow it to return to profitability in the  second quarter. Wetherbee also raised his earnings estimates for the  Fort Smith, Ark.-based trucker.

He  also raised his estimates for Old Dominion and Con-way, while  maintaining "Hold" ratings. Old Dominion continues to gain a bigger  slice of the market, but the analyst thinks margins will grow at a  slower pace than its peers. Con-way, on the other hand, should see sharp  increases in margins, he predicts.

Although  he's optimistic about a recovery, Wetherbee said trucking capacity  still remains high and pricing is rebounding from very low levels, which  may mean margins won't accelerate as fast as expected. All his  predictions assume that LTL carrier YRC Worldwide Inc., which is saddled  with debt, remains in business.

Less-than-truckload  operators take freight from several shippers and redistribute it at  terminals. That's opposed to truckload carriers that take freight  directly from one shipper to a recipient such as a retail store.

classic.cnbc.com/id/42341073