Yellow Freight Merger Essays

Yellow Freight Merger Essays Yellow Freight Merger Essay Yellow Freight Merger Essay In the wake of recent industry consolidation, Yellow and Roadway Corporation were looking for ways to strengthen their businesses. In 2003, Yellow Corporation, the nation’s second largest trucking company, acquired the industry leader, Roadway Corporation, creating Yellow-Roadway Corporation. The combination strategy was to bring both the companies strengths together to capture significant synergies and growth opportunities. Management decided to keep both company brands operating separately, continuing them to compete against each other. In an effort to expand their geographic scope and operate regionally, Yellow-Roadway bought USF Corp in 2005; and continued to operate each brand separately. Unfortunately over the next couple years Yellow Corporation and Roadway Corporation were forced to merge operations together. In 2009, they changed their name to YRC Worldwide, Inc. to reflect their finalization of the merger. Due to the many different divisions of the company and the purchase of USF, in 2006 Yellow Roadway Corp changed its name to YRC Worldwide, Inc. n March 2009, Yellow Transportation and Roadway finally merged to create YRC. In 2003, Yellow paid $966 million for Roadway to create Yellow-Roadway Corporation. This acquisition gave them control of more than 15% of the less-than-truckload (LTL) market. The deal valued Roadway at $48 a share, a 60% premium, and required Yellow to assume $140 million in debt. After the announcement of the acquisition, Roadway shares rose 54%, while Yellow shares fell about 5%. The combined company represents only 1% of the $600 billion global freight transportation market. The fact that 70% of Yellows business was from manufacturing and 70% of Roadways business was from retail supported the decision to remain as separate operations. The chairmen from both companies emphasized that their combination was strictly a merger, not a buy-out, since both companies were effectively operating on their own. The near term strategy for the combination was to reduce back-office costs, not to compress the delivery network by closing terminals and laying off truckers. Since both brands were so powerful in the marketplace, the decision to operate separately and compete with each other seemed like a good decision to continually reach new markets and gain more customers. Yellows chairman, William Zollars estimated that by combining back office operations, the newly formed company could save about $45 million in the first year. The result was a 13% increase in revenue and a 43% increase in income from continuing operations from the previous quarter. Upon the realization of these additional cost reductions, this strategy appeared to have paid off. During 2005, Yellow Roadway Corp. paid $1. 5 billion for USF Corporation. This acquisition gave them entry into the regional, overnight freight market all over the country. This new market was growing faster than the long haul market that Yellow Roadway currently served so it was an important strategic step for them. Ultimately, the deal would fortify the largest LTL carrier’s stronghold in regional and next-day services. The addition of USF will also expand Yellow’s national and international transportation services. According to Zollars, â€Å"USF represents an excellent opportunity to leverage the successful strategy that was employed with Roadway. † Basically this means maintaining the strong separate brand identities, customer interfaces and distinct operations of each business unit. This acquisition also enhanced Yellow Roadways current logistics and truckload capabilities. USF shareholders received $29. 25 in cash and $0. 32 of Yellow Roadway shares for each USF share owned. At the time, they were criticized for overpaying (by 16%) for USF stock, but since the past acquisitions proved to be successful, management’s decision had some credibility. (or held promising) with roadway acquisition, analysts said the industry has too many terminals, trucks and too much capacity. They have to look at overlapping operations and cut capacity. Greg burns, transportation analyst at jp morgan. With the acquisitions of Roadway and USF, Yellow created a combined enterprise that expected to have annual revenue of $9 billion, with more than 70,000 employees and 1,00 service locations. In 2007, company had operations in 70 countries and provided logistics as well as global, national and regional transportation services. Operates as the largets ltl provider in the US and is one of the largest transportation service providers in the world. Companys two largest subsidiaries, Yellow and Roadway Express cater to over 300,000 clients in the retail, wholesale, manufacturing and government sectors in North America. Offers supply chain solutions for heavyweight shipments and serves customers who ship industrial, commercial and retail goods.

The eNotes Blog A is for Author Self-Publishing GoesLegit

A is for Author Self-Publishing GoesLegit Just a few years ago, if a person tried to self-publish his or her work, the general reaction from most people would outwardly be, Oh! Good for you! Congratulations! Inwardly, however, those people would think two words:   vanity press. Vanity, of course, is derogatory. The general assumption was that you had been turned down by legitimate publishers but refused to admit your work wasnt up to par. At great cost to yourself and to stroke your own ego, you turned to self-publishing. Today, however, the publishing industry has undergone drastic changes in regard to self-publishing. There are three major reasons it is easier today to not only get your work out there, but also have it get noticed and perhaps even make some money. 1. Easier to Get Noticed by Traditional Houses: Alan Rinzer works for both a major publishing house and provides private editing services to freelance writers. Rinzer says that literary agents are now beginning to seriously consider self-published works, especially younger and up-and-coming literary agents. 2.   Ease of Technology: You dont have to know complicated computer languages or programs anymore to publish your work electronically. Companies like Issuu, BookBrewer, and Monocle make self-publishing, if not effortless, do-able by the almost anyone with computer experience. 3. Proliferation of Social Networking: Trip Adler, CEO and co-founder of Scribd says that it is   much easier to share what you are reading if you are already reading on an Internet-connected device with your whole social graph right there. Over the next year, youll see a lot more books, short stories, poems, and other written material recommended to you by your friends and through your likes and interests. There are forums like BookGlutton, which lets readers and reading groups converse inside a book via a widget.  Be smart about your promotion and form relationships with bloggers and have them promote you, as I am doing right now for a fellow author. Like bands who once never would have been heard before the (seemingly) abrupt and complete reorganization of the music industry, the publishing industry is experiencing a similar restructuring. Power to the writer! Power to the reader!

Discuss the current status of the Electronic Health Record (EHR) in Research Paper - 1

Discuss the current status of the Electronic Health Record (EHR) in the United States. What still must be accomplished to make the EHR a reality - Research Paper Example ividual and an individual is able to get involved in the process of agenda setting when one of the processes of cognition known as accessibility becomes active. This means that the higher the frequency of media covering particular subject, the higher will be the rate at which the subject will become accessible in the memories of the audience. Three different kinds of agenda setting methods have been realized by Rogers, the first kind is public agenda setting (Kaid, 2004, p.258). In the subject that is more important to the public is given great importance. The second kind is denoted as media agenda setting, in this kind the topic that is important to media is given great importance and lastly the third kind is policy agenda setting. In the last kind, the topics that are important to the people who make policies is hotly debated and given importance. This concept came into being under during the election for the position of president during the period of 1968 and the concept was coine d by Shaw and McCombs (Kaid, 2004,