New Penn | SAIA LTL FREIGHT

No more than its going to effect every other company. Are you asking that question in every forum?
Not really. I chose New Penn because some of your guys chose to jump ship to SAIA. I don't think it will have much of an impact on your business. Plenty of freight to go around. Why do you think some jumped ship? New Penn appears to be a great company.
 
Not really. I chose New Penn because some of your guys chose to jump ship to SAIA. I don't think it will have much of an impact on your business. Plenty of freight to go around. Why do you think some jumped ship? New Penn appears to be a great company.

I know of three at Managment level one is going to be the TM for SAIA in Newark good guy knows his stuff will do a good job sorry to see him go. Newton is supposed to be something along the lines of a regional director I beleive, he is no loss. As to why they jumped ship I can't say for sure They were all with New Penn before Yellow bought it I would think it is harder for them to work for YRC as managment than it is to work for them as a driver. At least we have our managment as a buffer between us and them.
 
Not really. I chose New Penn because some of your guys chose to jump ship to SAIA. I don't think it will have much of an impact on your business. Plenty of freight to go around. Why do you think some jumped ship? New Penn appears to be a great company.





depends were you work.. here at NY its a nightmare trucks aren't being loading right stops in nose and all over truck.... long working hours being harassed on a daily basis unprofessional dispatch with no experience or respect for drivers... they don't know distances.. how far east rockaways is from rockaway they send you out with 48 foot trailer for delivery and don't use you to pick up a full load at a customer.. lol bring you back empty or sends you to a stop that you cant safely get in to new penn isn't a good company it could be if they make changers to operations and mangerment
 
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saia sounds good money and benifets.... but need a union a good union that will fight for us or it will be come like all the others out there xpo,, duie ,od
 
YRC WorldWide - Could Further Consolidation Lead To A Buyout By UPS?
Jul. 4.16 | About: YRC Worldwide, (YRCW)


James Sands


Long only, transportation, Growth, portfolio strategy

Marketplace

Transports In Focus

(2,035 followers)
Summary
YRC Worldwide is focused on improving profitability and adjusted EBITDA, which will lead to future cash flow growth.

The company is still in the early stages of its "focused operational execution runway" which extends through March 2019.

For LTL, UPS has recently been surpassed by Old Dominion Freight, is moving opposite FedEx and now has ArcBest Corporation making ground.

With over $6.2 billion in cash and cash equivalents, an improving YRC Worldwide may become enticing as a deal could be made around $1.5 billion.

Such a move would immediately propel UPS to the number one spot for LTL, leaving a strong cash balance and only incrementally increasing leverage by 6 percent.

Execution Has Led To Tangible Results

YRC Worldwide (NASDAQ:YRCW) is focused on turning the business to profitability and improved adjusted earnings before interest, taxes and depreciation and amortization (EBITDA) over the next few years. During 2016, the company is estimated to be profitable and is anticipated to grow diluted earnings per share (EPS) robustly during 2017.

The company has taken tangible steps through debt consolidation, a memorandum of understanding, MOU agreement with the company's unionized labor, revenue equipment and facility and software investments and improved yield management to benefit adjusted EBITDA, which is expected to translate to the next three quarters leading to positive diluted EPS.

These strategies have already led to improvements as YRC Worldwide generated over $150 million in operating cash flow during the trailing twelve-month (TTM) period, has nearly doubled its capex equivalent spend to 5 percent of revenue and just recently was able to amend the terms of its Asset Based Loan (ABL) Facility.
 
Management is getting pushed. Nobody stays so the ones who actually know their job get pushed even harder.....and the compensation ain't there so they leave too.

Our best dispatch is leaving. The most experienced one who knows the business and the union rules. Came from Red Star. Most respected by union guys...Knows the area. Knows how to run it.....now going to SAIA...If I had any say in his leaving or staying I'd cut The 3rd shift dock boss from YRC's salary in half and give it to him....and cut the weights and measures position and give that too him too............I could care less if they read this either...I'm in that kind of mood.This place can't handle too much more negative change....
Allentown is opening soon or is hiring a lot now......Long lines for road tests is what I heard......I'm not leaving for a nonunion job....Been there done that....Not doing it again unless I'd absolutely have too..Less than 3 years till my youngest is out of school......Hoping it lasts till then at least.
Just delivered to one of the nonunion cement haulers this week....an old timer was there who came along right after the nonunions put all the union cement haulers out.....and they are all nonunion now...we talked about a company named Rollin Johnson coming along and undercutting and taking all the young guys with his big shiny red chrome wheeled Peterbilts....and then taking a whole lot of business....and taking the pay down and the benefits away..........and now he is gone...and the cement business pays nothing....Might as well work at mcDonalds instead of haul cement.......that's the direction LTL is headed most probably unless some kind of extreme change occurs.

Interesting today in LTL business the union carriers are doing the undercutting .. In a great economy they have to do this......

My how things have changed...
 
It's all about the banks. it's always been about the banks................they used to enslave the nons and independents with their loans to build their businesses.....until they could enslave everyone. Which they have done.....and somehow you celebrate......standing their alone and loving it..What you love is that the banks enslave the whole industry. You must love it. There's no fighing it without numbers...and the numbers who won't join only help the banks....debt debt debt......A deal with the devil doing nothing for the industry.....only for the banks.

We're not the only ones paying to haul freight....Pitt-Ohio....XPO........One day we'll see the damage they are doing by paying to haul all the freight they haul.....and Pitt-Ohio is paying way more than most imo.

Could it be just like the O/O who runs anything they can get just to keep a positive cash flow ?
A couple of bad revenue days and your in the RED and can't cover your cost's.
I call it one step ahead of the bank and you will loose .
 
It's all about the banks. it's always been about the banks................they used to enslave the nons and independents with their loans to build their businesses.....until they could enslave everyone. Which they have done.....and somehow you celebrate......standing their alone and loving it..What you love is that the banks enslave the whole industry. You must love it. There's no fighing it without numbers...and the numbers who won't join only help the banks....debt debt debt......A deal with the devil doing nothing for the industry.....only for the banks.

We're not the only ones paying to haul freight....Pitt-Ohio....XPO........One day we'll see the damage they are doing by paying to haul all the freight they haul.....and Pitt-Ohio is paying way more than most imo.

Interesting, I own a business and I am debt free. No bank forced me to do anything.
Do banks force companies to borrow money??
I think you need to try owning a business, you may learn a great deal.....
 
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