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ABF will be the only unionized LTL company left that contributes to the massively underfunded Central States Pension Plan, after the possible demise of YRCW. Does that mean that ABF is then solely responsible for the billions of dollars of underfunding (aside from what the fund can recover from YRCW in bankruptcy)?
In their SEC filings, ABF has estimated what their portion of the underfunding is, so that implies that when YRCW goes bankrupt, ABF's portion would be that much greater. That's a heckuva big contingent liability. Rating :
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Messages in Topic
| Subject | Author | Rating | Time of Post (ET) | ||
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If/when YRCW Goes Bankrupt
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rioranch |
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5-Jan-09 05:48 pm | ||
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If YRCW does go out of business which I hope doesn...
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upturn75 | (1 Rating) | 15-Jan-09 08:06 pm | ||
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ABF's current liability may be less than $1 b...
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fraighter | (2 Ratings) | 20-Jan-09 01:51 pm | ||
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The Teamsters are telling Congress that ...
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truckingana... | (1 Rating) | 24-Jan-09 07:10 pm | ||
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At least there is one message on th...
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abfhasy | Rate it | 25-Jan-09 08:53 pm | ||
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I don't think that anybody on ...
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upturn75 | (1 Rating) | 25-Jan-09 10:38 pm | ||
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All carriers under the fu...
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brown.steve... | Rate it | 26-Jan-09 08:16 am | ||
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You are correct.
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upturn75 | Rate it | 26-Jan-09 10:46 am | ||
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Fair doesn't ma...
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fraighter | (2 Ratings) | 29-Jan-09 02:16 pm | ||
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Please cla...
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klewlessinv... | Rate it | 10-Mar-09 11:19 am | ||
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The r...
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fraighter |
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21-Mar-09 05:37 pm | ||
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Isnt that the Union/Liber...
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aaaarazorba... | Rate it | 9-Feb-09 04:17 pm | ||
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That shoe polis...
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bullmktin20... | (1 Rating) | 19-Oct-09 01:33 pm | ||
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You don't know ...
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lorrie.dana | Rate it | 19-Oct-09 09:49 pm | ||
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What you fail to consider is that prior to any rem...
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t200801 | (2 Ratings) | 9-Apr-09 09:07 pm | ||
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You say that any contingent liability would b...
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rioranch | (2 Ratings) | 10-Apr-09 10:58 am | ||
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YRCW isnt going out of business JP
Morgan today p...
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nicksy66 |
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31-Aug-09 08:58 pm | ||
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JPM did not do that. You wouldn't know if th...
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yoursourcei... |
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1-Sep-09 03:53 pm | ||
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Go F yourself sourceisopen! no one here'...
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yoursourcei... |
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1-Sep-09 04:00 pm | ||
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If YRCW gos upside down so what the...
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jtownsend99... | Rate it | 16-Oct-09 07:03 pm | ||
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Jeff, if YRCW goes bust, ABF w...
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fraighter | Rate it | 16-Oct-09 07:55 pm | ||
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No NO NO NO NO ! The mult...
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bullmktin20... | Rate it | 17-Oct-09 01:56 am | ||
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Listen to the CFO's ...
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fraighter | Rate it | 21-Oct-09 04:50 pm | ||
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Link?
Tia
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humansourcr... | (1 Rating) | 6-Oct-09 03:42 pm | ||
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Wrong..The ABF contribution to the pensi...
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blitzbaldbu... | Rate it | 21-Oct-09 10:02 pm | ||
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Everything you said is true. Also ...
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fraighter | Rate it | 22-Oct-09 01:45 pm | ||
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Also true is the fact that rem...
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cheneyforpr... | Rate it | 22-Oct-09 03:45 pm | ||
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Of course it's not fair. ...
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fraighter | Rate it | 22-Oct-09 06:02 pm | ||
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Quite unfair to the ...
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blitzbaldbu... | Rate it | 23-Oct-09 01:08 am | ||
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How is it unfai...
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bullmktin20... | Rate it | 23-Oct-09 05:08 pm |
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