Yellow | YRC Worldwide's (YRCW) CEO James Welch on Q4 2017 Results - Earnings Call Transcript

I never said it was right,it’s just the way it rolls.Would you turn down the bonuses?
I haven’t seen a contract to vote yes or no on.I don’t automatically vote yes or no.
I’m glad your mind is already made up.
I have always been of the belief that you always vote no for at least one offer and probably two. The next time I see a company offer their best offer on the first offer will be the first. I still think this company would be better off looking at all these other companies that are making money at a record pace and trying to copy some of the things they do rather than always thinking they have better ideas that make us less profitable every quarter of every year. They should probably start by turning the trucks down a few mph....I would think that if 63 is a great speed to run you could probably be more productive at 57 or 58 maybe even 55. I know for a fact that if our trucks ran 55 the guys would be lined up around the block applying for jobs!
I would also try and find as many guys off the street that have zero experience in trucking and not train them to be dock supervisors and dispatchers! Fresh new minds will definitely come up with better ideas than these jokers that have been in the industry their whole life! Lastly if you have more freight than you can handle and it is sitting in the yard in trailers I would make a big push for new accounts that we can not handle and do not have the man power to move.....man this running a company is easy!
 
I have always been of the belief that you always vote no for at least one offer and probably two. The next time I see a company offer their best offer on the first offer will be the first. I still think this company would be better off looking at all these other companies that are making money at a record pace and trying to copy some of the things they do rather than always thinking they have better ideas that make us less profitable every quarter of every year. They should probably start by turning the trucks down a few mph....I would think that if 63 is a great speed to run you could probably be more productive at 57 or 58 maybe even 55. I know for a fact that if our trucks ran 55 the guys would be lined up around the block applying for jobs!
I would also try and find as many guys off the street that have zero experience in trucking and not train them to be dock supervisors and dispatchers! Fresh new minds will definitely come up with better ideas than these jokers that have been in the industry their whole life! Lastly if you have more freight than you can handle and it is sitting in the yard in trailers I would make a big push for new accounts that we can not handle and do not have the man power to move.....man this running a company is easy!

I agree,we negotiate,shoot for the stars and hopefully get the moon.We are in a different kind of situation given the financial situation of the company.The company is just a 3rd party to the lenders.The contract will be about math and if it doesn’t suit the lenders they simply walk away..50 cents per hour for 13,000 rank and file comes to 13,520,000 at just 40 hours per week.I would guess with overtime it pushes it up to over 15 million.They know for certain we will demand a raise and hopefully getting equipment stocked for future will allow room for raises,if not I think we are done.
I told Scott Ware personally while he was in Atlanta last week that I thought our growth was unhealthy and we were outselling our service.He told me everyone was having capacity issues.I told our TM we needed experienced freight men as supervisors not bill runners and he told me all levels of experienced Freight management were hard to come by,including TM’s.I forgot to ask about rumors of tractors being turned up to 68 mph but I guess we will soon find out.
 
I agree,we negotiate,shoot for the stars and hopefully get the moon.We are in a different kind of situation given the financial situation of the company.The company is just a 3rd party to the lenders.The contract will be about math and if it doesn’t suit the lenders they simply walk away..50 cents per hour for 13,000 rank and file comes to 13,520,000 at just 40 hours per week.I would guess with overtime it pushes it up to over 15 million.They know for certain we will demand a raise and hopefully getting equipment stocked for future will allow room for raises,if not I think we are done.
I told Scott Ware personally while he was in Atlanta last week that I thought our growth was unhealthy and we were outselling our service.He told me everyone was having capacity issues.I told our TM we needed experienced freight men as supervisors not bill runners and he told me all levels of experienced Freight management were hard to come by,including TM’s.I forgot to ask about rumors of tractors being turned up to 68 mph but I guess we will soon find out.
Did you have a room together?.....just busting your balls.....maybe it's time to lock the gates if they can't service the freight and can't pay the employees?
 
The revenue to provide profit exists within our reach. Poor work habits and poor decisions throughout the workforce, management and labor, are the inhibiting factors.
Maybe if they gave the big guys a twenty million dollar bonus instead of a measly ten million it would solve the problem? That post you just had sounds like something every failing companies says before it goes down the :shit:ter!
 
Maybe if they gave the big guys a twenty million dollar bonus instead of a measly ten million it would solve the problem? That post you just had sounds like something every failing companies says before it goes down the :shit:ter!

If reinventing the wheel were plausible, your bonus option might work. Our failure to show profit comes from poor understanding of freight 101. Timely, damage free service. No frills, no complicated strategies. Institute that policy above all else and success follows.
 
Timely, damage free service. No frills, no complicated strategies. Institute that policy above all else and success follows.

Add in magement with a little knowledge and treating employees with a little respect and fairness and you would have what made New Penn operate in the 80’s OR range before Yellow took it over.
 
I agree,we negotiate,shoot for the stars and hopefully get the moon.We are in a different kind of situation given the financial situation of the company.The company is just a 3rd party to the lenders.The contract will be about math and if it doesn’t suit the lenders they simply walk away..50 cents per hour for 13,000 rank and file comes to 13,520,000 at just 40 hours per week.I would guess with overtime it pushes it up to over 15 million.They know for certain we will demand a raise and hopefully getting equipment stocked for future will allow room for raises,if not I think we are done.
I told Scott Ware personally while he was in Atlanta last week that I thought our growth was unhealthy and we were outselling our service.He told me everyone was having capacity issues.I told our TM we needed experienced freight men as supervisors not bill runners and he told me all levels of experienced Freight management were hard to come by,including TM’s.I forgot to ask about rumors of tractors being turned up to 68 mph but I guess we will soon find out.
Outselling our service is correct , why are we going after more freight when we can't move the freight we have now on a timely matter and can't hire Driver's or dock people or supervisor's or manager's ? Really don't know how you can have growth with the inability to hire worker's ??
 
Outselling our service is correct , why are we going after more freight when we can't move the freight we have now on a timely matter and can't hire Driver's or dock people or supervisor's or manager's ? Really don't know how you can have growth with the inability to hire worker's ??
Read post 24 above....
 
Every nickel of their revenue is accounted for and scrutinized by analysts and investors.
It’s cool to vote no if you have the facts.The problem is that a lot of people vote that don’t have a clue and are actually persuaded by listening to non factual bullshi t.

I have some ocean front property in Arizona for sale I also know people that own businesses that lose money year after year but have very deep pockets. Do you think this company can lose money since 2008 and be around come on but then again you are a dirty bird. Seriously they have one more 3 year MOU in them then it’s over period there letting you work 7 days a week to get your affairs in order just like CF.
 
I have some ocean front property in Arizona for sale I also know people that own businesses that lose money year after year but have very deep pockets. Do you think this company can lose money since 2008 and be around come on but then again you are a dirty bird. Seriously they have one more 3 year MOU in them then it’s over period there letting you work 7 days a week to get your affairs in order just like CF.

I can’t work 7 days per week because I drive for a living.The owner of a private company can pay themselves whatever they choose even if it means bankrupting.In our case the executives could work for free but if we operate at $1.05 we could close .
Are you sure we haven’t had a positive year ending since 2008.
 
If I were young enough and had to go back to work tomorrow, with all the crap I read about and the concessions, ABF or YRC
would still be the first two places I would apply for work, just to keep a card in my pocket.
This two or three tier pay scale is total BS, we never had it when I worked, if I remember correctly, they paid casual and part time
help a little more because they didn't have insurance, this may have been just in the Carolinas, I don't recall.
We don't get cards any more.
 
I have some ocean front property in Arizona for sale I also know people that own businesses that lose money year after year but have very deep pockets. Do you think this company can lose money since 2008 and be around come on but then again you are a dirty bird. Seriously they have one more 3 year MOU in them then it’s over period there letting you work 7 days a week to get your affairs in order just like CF.

I didn’t make much sense yesterday posting during Super Bowl with House full of people. I’m sure the people you know that own business that show losses year after year aren’t on the stock exchange and reporting to the S.E.C. I also know people that have businesses and write off so much it looks like they made 10 grand when they made 200 k.I also have a good friend that had a successful trim business and couldn’t buy a house because he claimed he only earned about 20 grand year after year.He then got audited and went through living hell.
If you think YRCW can hide money keep selling that ocean front property.Read the quarterly statements and listen to the analysts. They were hemorrhaging cash and about to shut the doors during the mou’s but now it seems the losses are due to capital investments and they are spending more than they make but are spending money already loaned to them.Things are much better but still an uphill battle. Btw..
YRC Freight operated under 100 year ending and so did the regionals.
GO FALCONS! Lol
 
At least if I did I wouldn’t have to pay thousands out of pocket.

I don’t have to worry about working 4 days a week whenever I’m told to.

I don’t have to worry about working 10 to 20 hours of overtime at straight pay every week.

I’ve never worked road but as for a city man I’ll stay Union.

You look good with your black pants and have tamed down considerably since leaving, keep up the good work.
Well for your info sir I work my m-f and that's it. Also where I'm at happens to pay overtime to city and dock with no union involved.
Let's see health insurance is no where near thousands of dollars a month for coverage.
Fact also idk where you guys get off on this insurance mess but I can assure you it's nowhere close to the 15% that YRC takes out of your check each week.
And also I do not nor am I required to dress in a uniform especially black pants.
Thank you sir have a nice day and be safe out there one stop at a time.
 
Well for your info sir I work my m-f and that's it. Also where I'm at happens to pay overtime to city and dock with no union involved.
Let's see health insurance is no where near thousands of dollars a month for coverage.
Fact also idk where you guys get off on this insurance mess but I can assure you it's nowhere close to the 15% that YRC takes out of your check each week.
And also I do not nor am I required to dress in a uniform especially black pants.
Thank you sir have a nice day and be safe out there one stop at a time.

You are still at Southeastern right? When did they start paying overtime..yesterday?
This will be big news in the LTL world I’m glad we heard it from you first.
I said nothing about thousands monthly out of pocket .
You posted before that you pay §98.00/ week for insurance.You also have high deductibles
I don’t have anything deducted from my check except union dues and the company pays
$385.00/ week for my insurance,I pay nothing.
Be safe out there.
 
You are still at Southeastern right? When did they start paying overtime..yesterday?
This will be big news in the LTL world I’m glad we heard it from you first.
I said nothing about thousands monthly out of pocket .
You posted before that you pay §98.00/ week for insurance.You also have high deductibles
I don’t have anything deducted from my check except union dues and the company pays
$385.00/ week for my insurance,I pay nothing.
Be safe out there.
I haven't been at southeastern in a long time. And you do have 15% deducted from your paycheck unless something has changed correct me if I'm wrong. You be safe also
 
At 15 cents off each dollar I make. It doesn't add up to bother me anymore it's been so long. When you've been stuck in a rut (pun intended) this long you just deal with it.
Because in the end you just can't do anything about it.
Some guys just make up for it by getting 60 hours a week. Some don't. I'm the latter.
Plenty of over time has been available for years. Dock and street.
Everyone. Have a safe weekend.
No matter what you make.
 
I haven't been at southeastern in a long time. And you do have 15% deducted from your paycheck unless something has changed correct me if I'm wrong. You be safe also

You are wrong, there is no 15% deduction from our paychecks. We're getting paid exactly what we agreed to in the last pay negotiation.

At 15 cents off each dollar I make. It doesn't add up to bother me anymore it's been so long. When you've been stuck in a rut (pun intended) this long you just deal with it.
Because in the end you just can't do anything about it.
Some guys just make up for it by getting 60 hours a week. Some don't. I'm the latter.
Plenty of over time has been available for years. Dock and street.
Everyone. Have a safe weekend.
No matter what you make.

You're not getting 15 cents off each dollar you make. You're making exactly what the current pay rate is.
 
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