YRC negotiations

Current YRC negotiations - Hi, I�m Mike Regan with TranzAct�s two-minute warning for that week of January 6th. This will be our first official two-minute warning of the year as well as in this two-minute warning we would like to discuss the types of stuff that shippers and 3rd parties and carriers will discover in 2014 and we should also share some information about what�s happening with YRC. Now with respect to 2014, recently I was asked to enroll in a panel of experts and share our predictions about what we are since we march off in to the year, and i also thought there have been three stuff that shippers, third parties and carriers need to spotlight. Specifically, you�re going to want to watch whats happening with capacity. We�ve warned you in other two-minute warnings, if GDP ever got above 2.5%, it can be difficult to acquire trucks to move your freight in some lanes and when the federal government became available and announced the GDP of four.1% for the third quarter, it had been no coincidence that individuals saw the freight indexes going up and shippers beginning to report that these folks were in reality finding it harder to go trucks. The second thing we think you�re going to want to focus on is, what are the results with LTL rate structures and also the reason for this is because the LTL carriers will continue to give attention to density based pricing. Additionally, also they�re likely to review assessorial schedules and also the reason behind this is because the LTL carriers have told us the assessorial fee structures are incredibly important in to compensate the LTL carriers for the way their products are being used. The third thing we wish you to take note of may be the issue of vicarious liability in whats in your transportation contracts, now we don�t have to beat this up because we simply covered it a few weeks ago in the two-minute warning, but we feel it�s very important for you to research your transportation contract to ensure they protect your interest. Using respect to YRC, a few weeks ago, it absolutely was announced they had reached a tentative with their lenders to restructure to a significant part of debt, and that�s very good news. Now the the next thing that YRC must do is have the teamsters to approve a legal contract which will extend on into 2019, and i also know lots of shippers and organizations and even carriers are focusing on this because YRC is an extremely important player within the LTL sector. Now with each two-minute warning we�re here to remind you that we're on your team and we�re here to assist but moreover we�re enthusiastic about working with you to definitely achieve success and that�s why if you have any comments or questions or simply just desire to discuss the kinds of things that could impact your budget in 2014, we encourage you to definitely send us an email or call us today. Thanks for your time Current YRC negotiations