It wants to know: Why was YRC even bailed out? And why was the taxpayer put at so much risk? What’s going on here?
Was June as Good as It’s Going to Get in the Pandemic Era?
It’s going to be a tough slog forward.
YRC, one of the largest less-than-truckload carriers, wheezes under the strain.
“There has been a clear divide between winners and losers.”
“Only good news is that the number was still positive despite the high number of cancellations.”
But for its still pre-coronavirus quarter, Navistar reported today that its Truck revenues collapsed by 31%.
Why is this happening?
Amid a shakeout among trucking companies & production cuts and layoffs among truck makers.
“This, I think, was the Big One, where the fleet valuations fell out and took this company out.”