YRC Grows Closer to Closing
Today’s Trucking magazine reported that trucking giant YRC may be on its last legs. "After maneuvering around bankruptcy over the last year with a series of cost cutting measures and restructuring agreements with creditors and the Teamsters, the company stated in its 10K filing with the federal Securities and Exchange Commission on Monday that it
Language Lessons and Civic Turmoil
Chalk this up as things you didn’t know. Well, at least I didn’t know. In the midst of the nail-biting tensions between the two Koreas, it has been suggested that South Korea needs to distance itself from its confrontational and irrational sister to the north by changing its name. Michael Breen, author, foreign correspondent and
Big 10 Tire Stores Completes Sale
Big 10 Tire Stores, one of the largest independent tire dealers in the Southeastern U.S., has completed the sale of its operations to New Big 10 Tire Stores, Inc., an affiliate of Sun Capital Partners.
Delphi Asks Court for Extension on Reorganization Plan
(Akron/Tire Review) Delphi Corp., currently restructuring under Chapter 11, has asked a U.S. Bankruptcy court for an extra five months to file its reorganization plan.
Auto Parts Makers Lose Ground
(Akron/Tire Review – Wall Street Journal/Detroit News) Despite breathless anticipation over automaker alliances, stock and bond investors still see much of the U.S. car business as a sputtering jalopy.
Michigan Big O Franchisee to Liquidate
(Akron/Tire Review) After a blazing start in which it opened 13 Big O franchise locations in Michigan, U.S. Autocare LLC filed for Chapter 7 bankruptcy.
Should We Be Surprised?
"The parties agree that no party … shall make any further public statements regarding the adversary proceeding or the matters addressed herein, except in so far as any party is required to publicly disclose any information pursuant to any statutory obligation…"
Industry Report
Michelin Reopens Closed Plant in Mexico
Sonic Bust
Sonic Bust Can we rebound form a speed-of-sound decline? It’s fair to say the medium truck tire market is sagging. Stagnant at best. Fleets are filing Chapter 7 and 11 at a record pace. There is a surplus of used trucks just waiting to be bought. Production of new trucks is at a trickle.