A special thanks to Freightmaster1 on the YRC forum for giving me this idea. I want to help the folks at the Fart prepare for the next presentation for the next quarterly "earnings" report to Wall Street
You can fill in any quarter or year that you'd like..'
During the quarter, freight demands were decreased due to a sluggish manufacturing environment and overall economy stagnation.. Several of our major competitors have been in an aggressive cost cutting mode that have impacted the rating environment.
We have been in a cost cutting mode as well and because of that, our purchased transportation cost is up in the triple digits due to the Logistics department giving a lot of tonnage/revenue to non union subs and outright competitors. Our cost cutting includes leaving our long term, high dollar employees at home while we explore less expensive means to move the tonnage.
The hurricanes (or later can use snowstorms, etc) impacted operations with cost associated with freight backups and lost revenue. Global warming has also created issues as well as the cow manure/gas problems from non organic farming
Also, the generous bonuses paid to the upper management for such a bargaining chip with the Teamsters had a major impact on the bottom line, but not as great as having to pay the ABF Freight System employees full wage and benefit scale.
So, there you got...a little help for future reports!
You can fill in any quarter or year that you'd like..'
During the quarter, freight demands were decreased due to a sluggish manufacturing environment and overall economy stagnation.. Several of our major competitors have been in an aggressive cost cutting mode that have impacted the rating environment.
We have been in a cost cutting mode as well and because of that, our purchased transportation cost is up in the triple digits due to the Logistics department giving a lot of tonnage/revenue to non union subs and outright competitors. Our cost cutting includes leaving our long term, high dollar employees at home while we explore less expensive means to move the tonnage.
The hurricanes (or later can use snowstorms, etc) impacted operations with cost associated with freight backups and lost revenue. Global warming has also created issues as well as the cow manure/gas problems from non organic farming
Also, the generous bonuses paid to the upper management for such a bargaining chip with the Teamsters had a major impact on the bottom line, but not as great as having to pay the ABF Freight System employees full wage and benefit scale.
So, there you got...a little help for future reports!
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