Yellow | 2019! It's On!
- Thread starter Freightmaster1
- Start date
That's me in the back seat, my chauffeur is doing the driving.
Freightmaster1
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It only took the Feds around 5 years to get "some" of the money back!How'd that work out for CF?
http://www.tdu.org/news_former-cf-teamsters-finally-get-paid
Took 18 months at Preston, but I got every dime. Warn act, and 5 weeks vacation, (two from 99, three earned for 2000) i think they were the only company to ever pay the full amount.It only took the Feds around 5 years to get "some" of the money back!
http://www.tdu.org/news_former-cf-teamsters-finally-get-paid
The article mentions being sold to local investors. Doesnt mention those were Yellow Freight VPs. Or that Yellow still paid some of our fuel bills. Or that Yellow built our Richfield Ohio terminal, and ordered 600 trailers for us with no decals on them. We were to get the bugs out of two day freight (St Louis to Richfield to Boston), and then close, letting Yellow Corp keep Saia, the Ohio terminal, and the unbranded trailers.
According to that years NMFA, if we closed within a year of being sold, we would dovetail. They bought us in May, 98, closed us July, 99. Saia is spun off today...
Worst part. Drivers went out with deliveries Monday. Customers told us Yellow emailed them the previous Saturday that we were out of biz. Yet YF had nothing to do with us?????
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Another great yellow idea?? Buy em, bleed em, dump em.....
I got every thing owed by PIE, plus 2 trips I never ran, my conscience never bothered me enough to return the check.
http://www.myeasternshoremd.com/tim...cle_80b52023-bd04-5f9a-9750-b00de816bd5d.html
[/QUOTE]I remember Preston had some ragged old flatback W model Fords that would fly, think they were 671 Detroits
We had 250 Cummins and couldn't run with them
mysticobra
Over Here Now.
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Your making that up.
Professional.
Eric Zeemen
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clydesdale
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Sounds good! They only way we get something back is to stand up to the union and the company, it's sad that it has come to this.
We have a vote no t shirt that's gets a lot of the company's attention every Friday
Get your vote No t shirt The union and company's on notice
twospeeder
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twospeeder
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Thomas Black, bloomberg writer (also Business Week, etc) , posts his email at the end of his articles and I asked him (January 9, 2014) about the satisfaction the creditors would get from a bankruptcy. He responded: "They won't get much satisfaction. In bankruptcy, they would likely end up doing some kind of refinancing anyway. I can't imagine they would go to liquidation with the assets they have"
Once bankruptcy was declared the customers would scatter and there would be nothing much left for the creditors in liquidation, new or old. So, they had to sit tight and wait for the net revenue for payback. this wasn't much of a remedy because profits aren't good.
What to do? Squeeze the employees to get the money back faster. Yeah, they would get paid the other way but not fast enough. If they could get paid straight away by bleeding away the employees they could get their money faster. With 10% interest recently. Not bad.
Your link doesn't deal with the nuts and bolts of bankruptcy only some kind of swap "debt for equity" without what that would entail. They actually always had that as "owners" of the YRC due to "collateral" : so much debt the company had forfeit the business to them.
Our contract expires March 31, 2019. My point is we haven't had a raise since 2006. By 2019 it will be 13 years. Thirteen years ago I was getting paid what I get now: $21.78. When is enough? The national average wage is $25.00/hour according to the bureau of labor statistics. Why are we getting so little? Are we going to go for more of the same? Are we worth more? Are we going to accept some story again? Somebody explain to me how I'm wrong. It's going to take some doing.
Once bankruptcy was declared the customers would scatter and there would be nothing much left for the creditors in liquidation, new or old. So, they had to sit tight and wait for the net revenue for payback. this wasn't much of a remedy because profits aren't good.
What to do? Squeeze the employees to get the money back faster. Yeah, they would get paid the other way but not fast enough. If they could get paid straight away by bleeding away the employees they could get their money faster. With 10% interest recently. Not bad.
Your link doesn't deal with the nuts and bolts of bankruptcy only some kind of swap "debt for equity" without what that would entail. They actually always had that as "owners" of the YRC due to "collateral" : so much debt the company had forfeit the business to them.
Our contract expires March 31, 2019. My point is we haven't had a raise since 2006. By 2019 it will be 13 years. Thirteen years ago I was getting paid what I get now: $21.78. When is enough? The national average wage is $25.00/hour according to the bureau of labor statistics. Why are we getting so little? Are we going to go for more of the same? Are we worth more? Are we going to accept some story again? Somebody explain to me how I'm wrong. It's going to take some doing.
Wasn't but a few years ago I saw the 406 trailer up at Boyne Mtn mid July. Rates are usually discounted then in Northern MI
Good Idea get these forms out to all terminals at all the companies !
Yep , that's the Yellow way , but-em ,bleed-em ,dump-em !!!