As with many things, bigger is not always better.
They did not quickly integrate the two companies, and although I don't know for sure, I suspect they did not make the tough cost cutting moves until it was too late, considering they are now hit with the recession.
I doubt they will survive.
YRC Worldwide warned it may not reach its second quarter earnings requirement as the fragile financial standing at the nation’s largest heavy-freight trucking company seems to be getting shakier.
One Wall Street analyst is not optimistic about YRC’s recovery chances in the thick of a recession.
“We have a difficult time seeing how the math works here to restore the company to profitability,” said David Ross of Stifel Nicolaus. “It has already had its employees take a 10 percent wage cut. Plus, we do not see industry volumes rebounding this year, and industry pricing remains very competitive.”
click here for article from Journal of Commerce