Analyst Predicts YRC Bankruptcy
Published at: www.ohio.com
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John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine
"35 Percent of Zero" is Not Positive
August 13, 2009
A leading trucking industry analyst is predicting the demise of YRC Worldwide, the nation's largest trucking company by revenue. David Ross of Baltimore-based Stifel Nicolaus says that YRC's bankruptcy, while not imminent, "is becoming increasingly likely." Whether YRC opts for Chapter 11 reorganization or Chapter 7 liquidation is unclear. For its part, YRC's management continues to say its restructuring plan is on course despite losses in excess of $2 billion in the last 10 operating quarters.
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