Raisng grandkids mostly...full custody of my daughter's 4 yahoo's..2 boys ages 12 & 8, 2 girls ages 4 and 18 months! Dave37308 UTube channel
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YRCW news..
YRC Worldwide Establishes Strategic Relationship with Austin Ventures through the Sale of YRC Logistics
-- Completes Initial Closing with Proceeds of $33.6 Million
-- YRCW Customers Will Continue to Receive Complimentary Logistic Services through Austin Ventures
OVERLAND PARK, Kan., Aug. 16, /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) today announced that it completed the initial closing on the previously announced sale of a portion of YRC Logistics. The gross proceeds for the transaction were approximately $38.7 million of which YRC Worldwide received $33.6 million at the initial closing with an additional $2.3 million placed in escrow for further closings of foreign entities over the coming months, and $2.8 million was placed in escrow for indemnification purposes.
All of the multiemployer pension funds that are parties to the company's pension contribution deferral agreement ("CDA") agreed to amend the CDA. The CDA amendment provides for certain terms in the company's most recent amendment to its credit agreement to be effective, including the retention of 100% of the proceeds from the sale of YRC Logistics.
YRC Worldwide will retain its two China-based joint ventures. The company will continue to offer its customers complimentary logistics solutions through its strategic relationship with Austin Ventures, which is created by a comprehensive commercial services agreement between the parties.
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is one of the largest transportation service providers in the world and the holding company for a portfolio of successful brands including YRC, YRC Reimer, YRC Glen Moore, New Penn, Holland and Reddaway. YRC Worldwide has the largest, most comprehensive network in North America, with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit yrcw.com for more information.
Investor Contact:
Paul Liljegren
Media Contact:
Suzanne Dawson
YRC Worldwide Inc.
Linden Alschuler & Kaplan
913.696.6108
212.329.1420
Paul.Liljegren@yrcw.com
sdawson@lakpr.com
YRCW (Yellow Frieght) news...
YRC Worldwide Establishes Strategic Relationship with Austin Ventures through the Sale of YRC Logistics
-- Completes Initial Closing with Proceeds of $33.6 Million
-- YRCW Customers Will Continue to Receive Complimentary Logistic Services through Austin Ventures
OVERLAND PARK, Kan., Aug. 16, /PRNewswire-FirstCall/ -- YRC Worldwide Inc. (Nasdaq: YRCW) today announced that it completed the initial closing on the previously announced sale of a portion of YRC Logistics. The gross proceeds for the transaction were approximately $38.7 million of which YRC Worldwide received $33.6 million at the initial closing with an additional $2.3 million placed in escrow for further closings of foreign entities over the coming months, and $2.8 million was placed in escrow for indemnification purposes.
All of the multiemployer pension funds that are parties to the company's pension contribution deferral agreement ("CDA") agreed to amend the CDA. The CDA amendment provides for certain terms in the company's most recent amendment to its credit agreement to be effective, including the retention of 100% of the proceeds from the sale of YRC Logistics.
YRC Worldwide will retain its two China-based joint ventures. The company will continue to offer its customers complimentary logistics solutions through its strategic relationship with Austin Ventures, which is created by a comprehensive commercial services agreement between the parties.
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is one of the largest transportation service providers in the world and the holding company for a portfolio of successful brands including YRC, YRC Reimer, YRC Glen Moore, New Penn, Holland and Reddaway. YRC Worldwide has the largest, most comprehensive network in North America, with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit yrcw.com for more information.
Investor Contact:
Paul Liljegren
Media Contact:
Suzanne Dawson
YRC Worldwide Inc.
Linden Alschuler & Kaplan
913.696.6108
212.329.1420
Paul.Liljegren@yrcw.com
sdawson@lakpr.com
•Unemployment Claims in U.S. Unexpectedly Climb to Highest in Five Months
•GM Said to Seek Up to $16 Billion in IPO as It Posts $1.07 Billion Profit
•U.S. Futures, Stocks Drop on Jobless Report; Yen Rebounds, Crude Oil Falls
yet another 200+ down day on the Dow..imo.
Good MOOrning MOOvers..all try to have a GREEN day!
;)
yep...but still having other fun with ECPL at the moment..eom
he was probably a MM or short..lol..eom
Good MOOrning MOOvers..all have a $$$$ day!
Gotta run and swap out a specific Comcast box that went bad..
the other 3 work ok..
be back before open..
Go CCTC!
:)
Good MOOrning MOOvers...all have a GREEN day!
(Mick, don't remember the symbol off hand..
it's probably extinct by now anyways if it was a pinky)
Mick, sorry for late reply..not on internet much at all lately..
just been busy with family-related stuff mostly..
not to mention mowing, working out, gamblin' trips,
eatin' out, etc.
(but ain't making no money either..but that's OK too..)
Good MOOrning MOOvers! All have a profitable day!
:)
oh, Dow futures down..
•Jobless Claims in U.S. Unexpectedly Climb to Three-Month High of 479,000
Goood MOOrning MOOvers...all have a GREEN day!
:)
Tony...yes, sure some good quality pickin' there..
I like this one from down south way...
Good Morning Mick and all..have a GREEN day!
(out yesterday morn of YRCW fir some slush fund money..
down $400 on last gamblin' trip last week..
sheeeeet happens...fun trip though..didn't take camera
cause wife took it and grandkids to zoo to use there..)
I have Dr. appt. today for 6month re-up on meds..
all I know for now..
going to go stretch back out for a while..
do a little 'meditating'..lol..
have a good'un!
Dave
Good MOOrnin' MOOvers! All have a $$$$ day!
:)
OT:Good Morning homey..(assuming U still live in chattanooga..)
what about VW and Alstrom coming to town? not to mention their suppliers and stuff..area is booming..
heck, about a dozen families down my road have signed contracts
from Paramount Development to build a WMT and some big name eateries on my road..they have a year from this past May17th when offers were finally finalized to make up their mind...we get earnest money if deal doesn't go thru..I wish they'd write me a big check NOW..and bring on the bulldozers!.lol..
goin' to build me a nice little house on about 5acres up in Meigs county where taxes are cheaper and huntin' and fishin' better..
and bank the rest of moo-lah.
flying out free with Uncle this afternoon for a few free days at Gold Strike, Tunica,MS...
Mick, I traded owenq some years ago and made a few bucks..
other than that one, I never messed with 'q' stocks since then,
as far as I know.
just getting pop-up storms here...down 7 inches for the year..
gotta run now..go get full set of brake pads for Dad's car..
(me and Dave Jr. goin' to put'em on and save Pa about $400..)
cya later!
'free Wi-Fi' at Howard Johnson Gatlinburg, TN was
a measly (point) .23Mb/s...makes me appreciate home cable!!
Good MOOrnin' MOOvers!..all have a $$$$ day!
:)
Good Sunday Morning MOOvers! Tony_from_MI is going to help us out here. Am glad to have him on the board!
He's a real good stock picker!
I've been quite tied up with other things lately and
this all coming week the wife is on vacation from her work
and no telling
what we'll be doing or where we'll be going or whatever...
We don't really 'plan' nothing..we just get 'wild hairs' and GO!
so I'll check back in if and when I can.
Everyone have a $$$$$ week!
MOO-lah!
Roger...over and out!
Dave
Good MOOrning MOOvers...hope all have GREEN day!
(Mick, only netted $430...machines extremely tight..
btw, took this pic earlier out my cracked open back door..
3x zoom..
still have venison in chest freezer I'm working on eatin' up
from last fall..
may get some deer corn and make these come for
regular visits..
Still holding ZAAP, but recouping today from
Beau Rivage (Biloxi, MS) slot trip...
ZAAP decent video from you Tube...
(gotta click off the google adds)
Good MOOrning MOOvers..Mick, yes ZAAP had news..
ZAP Buying Chinese Carmaker Jonway to Make SUV, Taxi
BusinessWeek - Theo Keith - ?16 hours ago?
July 8 (Bloomberg) -- ZAP, a developer of battery-powered vehicles that has posted seven straight annual losses, said it will buy a majority ...
Electric-Car Maker ZAP To Acquire China's Jonway Wall Street Journal (blog)
Automaker ZAP buying out Chinese partner CNET
Santa Rosa's Zap merges with China's Jonway San Francisco Chronicle
going to be bizzilions of zap taxis in China..
:)
ZAAP could go to dollar$,
if one held longish..imo and fwiw..
http://www.zapworld.com/