YRC Worldwide [YRCW]

A Primer on Trucking: Part 2 (on Brokerage, LSTR and XPO)

Introduction Before I begin, I forgot to mention a funny incident that occurred in the asset-based industry in my previous post. I mentioned how union-based carriers are tethering on the brink of bankruptcy. Just an illustrative example to solidify the point: this past year, an asset-based company, Roadrunner Transportation, de-listed from the U.S. stock exchange …

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A Primer on Trucking: Part 1 (on Unions, MEPPs and ODFL)

Introduction Rex Tillerson, former CEO of Exxon Mobil and Energy Secretary of the United States, once said, “Real men find oil.” He loved Exxon’s upstream business and didn’t think the “downstream guys” had the capabilities to run an oil magnate after he would eventually retire. I’m sure the freight industry has its own corollary: “Real …

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