Holland | YRC The Cancer Of The Trucking Industry

Wow 93,000 X 32000 =2,976,000,000
That is exactly the math I was getting ready to do.
Just a tad under $3 million in employee "give-backs" since 2009 and this company is having trouble making ends meet ? Gimme a break.
Something stinks.
Even the annual "give-back" total is mind-boggling. 11,500 X 32000 = $368,000,000
 
That is exactly the math I was getting ready to do.
Just a tad under $3 million in employee "give-backs" since 2009 and this company is having trouble making ends meet ? Gimme a break.
Something stinks.
Even the annual "give-back" total is mind-boggling. 11,500 X 32000 = $368,000,000

i have only been with the company since early 2014 and since then in only 3 yrs we have gone from mostly sterlings (around 15 yrs old at that time) to over half of the trucks being newer and/or linehaul internationals in the city. the amount that theyve spent on maintenance of trucks and buildings is probably mind boggling due to everything being neglected so badly not to mention what it costs to pay on this billion dollar debt. add in the fact that we damage more freight now, more hazmat spills etc etc..and yes our top management is still getting bonus;s, but we voted in hoffa and look at what we are paying those crooks, the people that manage our bankrupt non existant pension make 700k/yr. the other LTL;s arent making huge profits, if im not accurate shoot me, but i think they might make 10-20 million in profit if things go well? we paid down the debt by something like 70 million last yr alone.
 
Henry lets not forget the money they keep from not paying into the pension.
I got layed off in 2010.
I know how you guys feel I am legacy TNT RED STAR.
Nothern Flash how come you didn't get it?
 
Henry lets not forget the money they keep from not paying into the pension.
I got layed off in 2010.
I know how you guys feel I am legacy TNT RED STAR.
Nothern Flash how come you didn't get it?
Yup - forgot about that. That's another boatload. But we'll never know how much. They have people that are experts at cooking the books.

IBT and CSPF, too.
 
Inside YRC Worldwide’s Regional Transportation Segment in 4Q16
By Samuel PrinceFeb 9, 2017 4:39 pm EST
YRC Worldwide’s Regional Transportation segment
YRC Worldwide’s (YRCW) Regional Transportation segment contributed ~37% to the company’s total operating revenues in 4Q16. In the same quarter, the segment’s revenue stood at $418.0 million—up 2.2% from $409.2 million in 4Q15. Notably, the 4Q16 had 60.5 workdays, as compared with 59.5 workdays in 4Q15.


YRC-Regional-Transportation.png


About the Regional Transportation segment
YRCW’s Regional Transportation segment is made up of Holland, New Penn, and Reddaway. The Holland service offers local next-day, regional, and expedited services through a network spread across 21 states in the US Midwest and Southeastern US.

The New Penn service offers local next-day, day-definite, and time-bound services through a network in Northeastern US, Quebec and Puerto Rico. The Reddaway service provides local next-day and expedited services through a network spread out in California, the Southwest, Pacific Northeast, and Rocky Mountain regions.

Regional Transportation statistics in 4Q16
In YRCW’s Regional segment, the total tonnage per day (in thousands) remained unchanged on a YoY (year-over-year) basis in 4Q16. However, the total shipments per day (in thousands) fell 0.5% in the same quarter. The segment also witnessed a marginal rise of 0.6% in the total weight per shipment (in pounds), from 1,475 to 1,478, in 4Q16.

YRCW’s management is mulling a consolidation of some of the Holland facilities into the New Penn and YRC. This might be done to share additional capacities, but the four regional entities would still act independently from the business perspective.
 
That is exactly the math I was getting ready to do.
Just a tad under $3 million in employee "give-backs" since 2009 and this company is having trouble making ends meet ? Gimme a break.
Something stinks.
Even the annual "give-back" total is mind-boggling. 11,500 X 32000 = $368,000,000

I just realized I made a BIG mistake in my post about the amount of money given back to YRC since Jan 2009

$93,000 (average amount of giveback per employee since Jan 2009
32,000 is approx number of YRC union employees on give-back
$93,000 x 32,000 = $2.96 BILLION dollars given back to the company since January 2009 - It's actually just under $3 billion ($2,976,000,000)
(I said "a tad under $3 million" in my previous post) I was off by $2,973,024,000 - sorry about that.
The ANNUAL give-back by employees is $11,500 by each x 32,000 employees totaling $368 million ($368,000,000) going to YRC each year.

It is really mind boggling that YRC has gotten that amount of money back from their employees.
Putting it in numbers on paper makes it seem more real - because it IS real money.
 
Inside YRC Worldwide’s Regional Transportation Segment in 4Q16
By Samuel PrinceFeb 9, 2017 4:39 pm EST
YRC Worldwide’s Regional Transportation segment
YRC Worldwide’s (YRCW) Regional Transportation segment contributed ~37% to the company’s total operating revenues in 4Q16. In the same quarter, the segment’s revenue stood at $418.0 million—up 2.2% from $409.2 million in 4Q15. Notably, the 4Q16 had 60.5 workdays, as compared with 59.5 workdays in 4Q15.


YRC-Regional-Transportation.png


About the Regional Transportation segment
YRCW’s Regional Transportation segment is made up of Holland, New Penn, and Reddaway. The Holland service offers local next-day, regional, and expedited services through a network spread across 21 states in the US Midwest and Southeastern US.

The New Penn service offers local next-day, day-definite, and time-bound services through a network in Northeastern US, Quebec and Puerto Rico. The Reddaway service provides local next-day and expedited services through a network spread out in California, the Southwest, Pacific Northeast, and Rocky Mountain regions.

Regional Transportation statistics in 4Q16
In YRCW’s Regional segment, the total tonnage per day (in thousands) remained unchanged on a YoY (year-over-year) basis in 4Q16. However, the total shipments per day (in thousands) fell 0.5% in the same quarter. The segment also witnessed a marginal rise of 0.6% in the total weight per shipment (in pounds), from 1,475 to 1,478, in 4Q16.

YRCW’s management is mulling a consolidation of some of the Holland facilities into the New Penn and YRC. This might be done to share additional capacities, but the four regional entities would still act independently from the business perspective.
Looks like this guy believed the same 8 year old news about closing Holland terminals,and consolidating others.
 
I just realized I made a BIG mistake in my post about the amount of money given back to YRC since Jan 2009

$93,000 (average amount of giveback per employee since Jan 2009
32,000 is approx number of YRC union employees on give-back
$93,000 x 32,000 = $2.96 BILLION dollars given back to the company since January 2009 - It's actually just under $3 billion ($2,976,000,000)
(I said "a tad under $3 million" in my previous post) I was off by $2,973,024,000 - sorry about that.
The ANNUAL give-back by employees is $11,500 by each x 32,000 employees totaling $368 million ($368,000,000) going to YRC each year.

It is really mind boggling that YRC has gotten that amount of money back from their employees.
Putting it in numbers on paper makes it seem more real - because it IS real money.
I respect your opinion Henry,but you do realize that prior to the economy crash in 07-08, before yellow and roadway were combined, each company was still moving roughly 70,000 bills per day. Then after they combined the 2, and lost customers freight for like 3 weeks,then tried the failed velocity system, they then lost over half their total bills per day,along with all that revenue. YRC now,moves barely 40,000 bills per day,almost 3/4 less tonnage and revenue since 2009. I did not look up the regionals daily bill count since then, but I really have to ask you guys. Do you honestly believe that this corporation is holding 15 percent pay,and 75 percent of the pension money somewhere? This corporation is broke. Comp claims,damaged freight claims, repairs on aging equipment ,operating an out of date breakbulk system, decisions made by incompetent management, anti competitive work rules, paying roughly 40 million a year on the standing debt, all,will be what finally puts this thing in the ground...
 
I respect your opinion Henry,but you do realize that prior to the economy crash in 07-08, before yellow and roadway were combined, each company was still moving roughly 70,000 bills per day. Then after they combined the 2, and lost customers freight for like 3 weeks,then tried the failed velocity system, they then lost over half their total bills per day,along with all that revenue. YRC now,moves barely 40,000 bills per day,almost 3/4 less tonnage and revenue since 2009. I did not look up the regionals daily bill count since then, but I really have to ask you guys. Do you honestly believe that this corporation is holding 15 percent pay,and 75 percent of the pension money somewhere? This corporation is broke. Comp claims,damaged freight claims, repairs on aging equipment ,operating an out of date breakbulk system, decisions made by incompetent management, anti competitive work rules, paying roughly 40 million a year on the standing debt, all,will be what finally puts this thing in the ground...

All that ::shit:: don't matter. It's mainly the bottom of the barrel people we have working here now. We had a guy out of my barn that got fired for falsification of a company document. He took like 17 hours to run 600 miles in good weather. He made it look like he did it in 14 on his logs, but the screwball punched on the computer and screwed himself. Fckn new guy scab wanna be's.

Almost as bad as the Bi Teamster new guys who suck dick with central when it benefits them, then file a grievance when it benefits them. And we expect a new improved contract? Not with this batch of Teamsters.

Oh, and when the first timer sausage lickers don't get their way from all that gob swallowing .......they push for decertfication
 
Last edited:
All that :::shit::: don't matter. It's mainly the bottom of the barrel people we have working here now. We had a guy out of my barn that got fired for falsification of a company document. He took like 17 hours to run 600 miles in good weather. He made it look like he did it in 14 on his logs, but the screwball punched on the computer and screwed himself. Fckn new guy scab wanna be's.

Almost as bad as the Bi Teamster new guys who suck dick with central when it benefits them, then file a grievance when it benefits them. And we expect a new improved contract? Not with this batch of Teamsters.
Why don't you try taking jr guys under your wing and school them on why we have the contract/work rules here instead of jut looking down on them. It worked on me Sr man showed me the union way and now I'm the steward out of my barn. Guys they're hiring now didn't have to earn there strips like the ones before them.
 
Why don't you try taking jr guys under your wing and school them on why we have the contract/work rules here instead of jut looking down on them. It worked on me Sr man showed me the union way and now I'm the steward out of my barn. Guys they're hiring now didn't have to earn there strips like the ones before them.


If the schooling worked with you that's great. Most of the first timers only care about how Central makes them feel. If Central is nice to them on the phone, they feel special. It's not enough for this new batch of kitty cats to take pride in a job well done, or to take pride in being a Teamster. They need to feel appreciated by management.

What they don't realize is management could care less, however management knows the new first timers need to feel special.

Sorry, but most first timers.... are mama's boy's.
 
If the schooling worked with you that's great. Most of the first timers only care about how Central makes them feel. If Central is nice to them on the phone, they feel special. It's not enough for this new batch of kitty cats to take pride in a job well done, or to take pride in being a Teamster. They need to feel appreciated by management.

What they don't realize is management could care less, however management knows the new first timers need to feel special.

Sorry, but most first timers.... are mama's boy's.
I agree with you there I had a hard time getting these new hires as well to understand central doesn't care if you had a good or bad previous week there just here to move freight by contract well most of the time. If I catch them pulling strings on runs I damn sure will file on it. I love free money
 
That is exactly the math I was getting ready to do.
Just a tad under $3 million in employee "give-backs" since 2009 and this company is having trouble making ends meet ? Gimme a break.
Something stinks.
Even the annual "give-back" total is mind-boggling. 11,500 X 32000 = $368,000,000
It's actually in the billions and we are only looking at the low ends at 40 hrs with those numbers and not the additional money's given for the vacations given up or contributions to pensions.
 
All that :::shit::: don't matter. It's mainly the bottom of the barrel people we have working here now. We had a guy out of my barn that got fired for falsification of a company document. He took like 17 hours to run 600 miles in good weather. He made it look like he did it in 14 on his logs, but the screwball punched on the computer and screwed himself. Fckn new guy scab wanna be's.

Almost as bad as the Bi Teamster new guys who suck dick with central when it benefits them, then file a grievance when it benefits them. And we expect a new improved contract? Not with this batch of Teamsters.

Oh, and when the first timer sausage lickers don't get their way from all that gob swallowing .......they push for decertfication


It's all the new guys? It's not the old timers that voted yes, and turned up their trucks to try and make up for lost wages?
 
I respect your opinion Henry,but you do realize that prior to the economy crash in 07-08, before yellow and roadway were combined, each company was still moving roughly 70,000 bills per day. Then after they combined the 2, and lost customers freight for like 3 weeks,then tried the failed velocity system, they then lost over half their total bills per day,along with all that revenue. YRC now,moves barely 40,000 bills per day,almost 3/4 less tonnage and revenue since 2009. I did not look up the regionals daily bill count since then, but I really have to ask you guys. Do you honestly believe that this corporation is holding 15 percent pay,and 75 percent of the pension money somewhere? This corporation is broke. Comp claims,damaged freight claims, repairs on aging equipment ,operating an out of date breakbulk system, decisions made by incompetent management, anti competitive work rules, paying roughly 40 million a year on the standing debt, all,will be what finally puts this thing in the ground...
To be honest with you - I don't know WHAT YRCW is doing with that amount of money.
I re-ran the figures a couple times again using different figures of :

$200 per wk giveback x 52 wks = $10,400 per employee per year,
$10,400 x 32,000 employees = $332,800,000 ($332.8 million) given back to YRC per year
$332,800,000 x 8 years (since Jan 2009) = $2,662,400,000 ($2.62 billion) given back to YRC in 8 yrs

$200 per wk giveback x 52 wks = $10,400 per employee per year
$10,400 x 26,000 employees = $270,400,000 ($270.4 million) given back to YRC per year
$270,400,000 x 8 years (since Jan 2009) = $2,163,200,000 (over $2.16 billion) given back to YRC in 8 yrs

Now they say they need more ? These people are either the most inept, worst, most incompetent company executives in US and world history or they are as smart as foxes. With that kind of coerced monetary assistance from their employees it is impossible to believe they are still "struggling" to survive as a company. In my opinion we are being played for suckers. In my opinion they are either ;
#! - As I said, the worst managed company in history, ever, being managed by people that couldn't manage a mom & pop candy store OR
#2 - They are as corrupt as corrupt can get - making even Bernie Madoff look like an amateur. The books are being cooked. OR
#3 - They are banking the money somewhere, maybe offshore - preparing to re-open as a non-union company (or series of companies) sometime AFTER they intentionally bankrupt YRC using the banked give-back money AND any monies left over after the sell-off of all assets of all the YRC subsidiaries such as Holland, New Penn and the parent original Yellow Frt . By doing this, they could shed the union, then cherry pick which terminals, which employees and which areas to re-acquire under the NEW company management plan. The "fox" just ate all the chickens, and is looking for more, but next time he'll make sure the "chickens" don't have a pesky owner around with a shotgun (Teamsters) to have any say in just what he does with the next batch of chickens
(By the way - I DID NOT figure in the amount of money they are banking from not contributing to the CSPF) That has to another substantial amount of cash annually. Where is THAT going?
 
Last edited:
To be honest with you - I don't know WHAT YRCW is doing with that amount of money.
I re-ran the figures a couple times again using different figures of :

$200 per wk giveback x 52 wks = $10,400 per employee per year,
$10,400 x 32,000 employees = $332,800,000 ($332.8 million) given back to YRC per year
$332,800,000 x 8 years (since Jan 2009) = $2,662,400,000 ($2.62 billion) given back to YRC in 8 yrs

$200 per wk giveback x 52 wks = $10,400 per employee per year
$10,400 x 26,000 employees = $270,400,000 ($270.4 million) given back to YRC per year
$270,400,000 x 8 years (since Jan 2009) = $2,163,200,000 (over $2.16 billion) given back to YRC in 8 yrs

Now they say they need more ? These people are either the most inept, worst, most incompetent company executives in US and world history or they are as smart as foxes. With that kind of coerced monetary assistance from their employees it is impossible to believe they are still "struggling" to survive as a company. In my opinion we are being played for suckers. In my opinion they are either ;
#! - As I said, the worst managed company in history, ever, being managed by people that couldn't manage a mom & pop candy store OR
#2 - They are as corrupt as corrupt can get - making even Bernie Madoff look like an amateur. The books are being cooked. OR
#3 - They are banking the money somewhere, maybe offshore - preparing to re-open as a non-union company (or series of companies) sometime AFTER they intentionally bankrupt YRC using the banked give-back money AND any monies left over after the sell-off of all assets of all the YRC subsidiaries such as Holland, New Penn and the parent original Yellow Frt . By doing this, they could shed the union, then cherry pick which terminals, which employees and which areas to re-acquire under the NEW company management plan. The "fox" just ate all the chickens, and is looking for more, but next time he'll make sure the "chickens" don't have a pesky owner around with a shotgun (Teamsters) to have any say in just what he does with the next batch of chickens
(By the way - I DID NOT figure in the amount of money they are banking from not contributing to the CSPF) That has to another substantial amount of cash annually. Where is THAT going?
:6788:Very Well said Henry and prolly Cayman Island banks is one place money is going ? and WHY can't union figure this out ??
 
To be honest with you - I don't know WHAT YRCW is doing with that amount of money.
I re-ran the figures a couple times again using different figures of :

$200 per wk giveback x 52 wks = $10,400 per employee per year,
$10,400 x 32,000 employees = $332,800,000 ($332.8 million) given back to YRC per year
$332,800,000 x 8 years (since Jan 2009) = $2,662,400,000 ($2.62 billion) given back to YRC in 8 yrs

$200 per wk giveback x 52 wks = $10,400 per employee per year
$10,400 x 26,000 employees = $270,400,000 ($270.4 million) given back to YRC per year
$270,400,000 x 8 years (since Jan 2009) = $2,163,200,000 (over $2.16 billion) given back to YRC in 8 yrs

Now they say they need more ? These people are either the most inept, worst, most incompetent company executives in US and world history or they are as smart as foxes. With that kind of coerced monetary assistance from their employees it is impossible to believe they are still "struggling" to survive as a company. In my opinion we are being played for suckers. In my opinion they are either ;
#! - As I said, the worst managed company in history, ever, being managed by people that couldn't manage a mom & pop candy store OR
#2 - They are as corrupt as corrupt can get - making even Bernie Madoff look like an amateur. The books are being cooked. OR
#3 - They are banking the money somewhere, maybe offshore - preparing to re-open as a non-union company (or series of companies) sometime AFTER they intentionally bankrupt YRC using the banked give-back money AND any monies left over after the sell-off of all assets of all the YRC subsidiaries such as Holland, New Penn and the parent original Yellow Frt . By doing this, they could shed the union, then cherry pick which terminals, which employees and which areas to re-acquire under the NEW company management plan. The "fox" just ate all the chickens, and is looking for more, but next time he'll make sure the "chickens" don't have a pesky owner around with a shotgun (Teamsters) to have any say in just what he does with the next batch of chickens
(By the way - I DID NOT figure in the amount of money they are banking from not contributing to the CSPF) That has to another substantial amount of cash annually. Where is THAT going?
I guess you are right ... 15 percent in the Caymans, and the 75 percent pension money is probably in a Swiss account...
 
I guess you are right ... 15 percent in the Caymans, and the 75 percent pension money is probably in a Swiss account...
Don't know for sure, but a strong likelihood.
Hoffa, Hall and Nyhan probably have accounts there, too, only identifiable by acct numbers (no names).
 
Top