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Yellow | YRC Worldwide Reports Third Quarter 2017 Results

YRC Worldwide's (YRCW) CEO James Welch on Q3 2017 Results - Earnings Call Transcript

https://seekingalpha.com/article/41...-results-earnings-call-transcript?part=single


James Welch
As we look for opportunities to enhance productivity, YRC Freight is implementing a major change of operations this month. We are very excited about this large and high impact upgrade to YRC Freight’s network and you’ll hear more about this from Darren in a few minutes.

Between the current economic demand environment and the ongoing recovery efforts from the hurricanes, the economy continues to gain strength. We’re also excited about yield momentum, additional new revenue equipment, the change of operations at YRC Freight, and the investments we’re making in our operating companies P&D and Line haul Systems. We intend to stick with our strategy to improve price, freight mix and profitability.

Darren Hawkins

The change of operations that James mentioned and as we discussed on our earnings call last quarter has been approved and will be implemented the weekend of November 11. As a reminder, this network enhancement adds volume capacity to YRC Freight’s network, with nominal facility expenditures required since we are essentially increasing the utilization of (inaudible) at our existing terminals.

The network design is expected to improve productivity and reliability. Additionally, we will be implementing the use of more flexible, utility employees and adding (inaudible) turns that will reduce layovers and hotel stay and allow more of our drivers to return home within the same trip.

In closing, the yield in tonnage momentum balance we’re experiencing along with the additional capacity created and efficiencies we expect from the network enhancing change of operation continues to give me confident that YRC Freight is moving in the right direction.

I appreciate the contributions of our employees at YRC Freight, who perceiver and work safely through the adversity of the hurricanes of Q3 and stayed focused on our customer.
:hyper:
 
could not make money with a printing press.
we import expert help, but the dumbest make the decisions.
the impetus to always hire someone dumber in management, so existing management looks good, has finally caused only idiots(with few exceptions} to be in charge
the engineer handles logistics, but screws over the people his innovations depend on to flourish, he is a failure due to ignoring the human element.
people are not trucks, forklifts, doors, etc, **** them off for nothing, you reap a negative result
 
wongway said:
WOW , decline of 78% ??? just in time for the start of 2019 contact talks ? and YES Uncle Trip I will mention the -15% too !
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Wow, looks like Wong will be spending more time on the Gold Hotel.
You may talk with Billy about part time grass cutting job, next spring
 
Does anybody have the 3rd Qrt numbers for like ABF ,Fed Ex, R7L and other ones ?
 
Elwood said:
No OT, more expensive healthcare.
Geez, how many times are we gonna cover this?
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Sorry Elwood but you are WRONG , take a 60 hour week at there pay & our's and there driver's are making more money per 60 hour week and as far as healthcare , we are paying -15% of about $150-$200 bucks a week !
 
wongway said:
Sorry Elwood but you are WRONG , take a 60 hour week at there pay & our's and there driver's are making more money per 60 hour week and as far as healthcare , we are paying -15% of about $150-$200 bucks a week !
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21.78 for 60 hours as a Teamster is 1524.60
26.78 for 60 hours at OD would be 1606.80 or a difference of 82.20 per week.
Is our health insurance coverage worth more than 82.20 per week?
 
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