YRC Worldwide Inc (YRCW)

[GuyBig]

Closing the Rockaway NJ terminal and transferring the operations to other terminals to generate an annual cost savings of $500,000+ is the type of thing that should have been done on a regular basis more than a decade ago after YRC acquired USF in May, 2005 and 2 years before that when Yellow Freight acquired Roadways.

No attempt was made to integrate Yellow Freight with Roadways. From the July 3, 2003 New York Times:

<Mr. Zollars took a different view. In an interview, he conceded that some operations might eventually have to be consolidated, but for the next year or two, he said, he is happy to avoid the pains of integrating companies.

''This acquisition is not about shrinking,'' he said. ''It is about growing the customer base and services we sell. So why slam these companies together and hope for the best?''>

A dozen years later, Zollars now receives more than $750,000 a year in stock based compensation from serving upon the boards of Cigna, Cerner, and Prologis. 35,000+ terminated employees of the mess he created receive bupkas.