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Yellow | Has this ever happened before?

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imported_ConcernedOne

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My question is, in history, has a solid, profitable, trucking company ever been drug down and forced out of business by a poorly operated parent company? Is there any precedent? I've been in this business for over 30 years and I can't remember one. Hopefully it doesn't turn out that way and it may be too late but it just doesn't make sense. I know that there have been good carriers go out but usually by the end they were not making money. I don't think that's the case with New Penn.
 
Yellow did it to Preston, and to a lesser extent Jevic.
CNF did it to Consolidated Freight.
I'm sure there are more, but these immediately come to mind.
 
ConcernedOne said:
My question is, in history, has a solid, profitable, trucking company ever been drug down and forced out of business by a poorly operated parent company? Is there any precedent? I've been in this business for over 30 years and I can't remember one. Hopefully it doesn't turn out that way and it may be too late but it just doesn't make sense. I know that there have been good carriers go out but usually by the end they were not making money. I don't think that's the case with New Penn.
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Sadly, it's my understanding that New Penn is a part of YRCW... If bankruptcy occurs the creditors will have the right to go after all assets... Hopefully a buyer could be found for New Penn that would satisfy the creditors and bankruptcy judge... But it has happened before... My previous employer had different divisions or companies and the logistics and truckload companies were profitable but they all went down in the bankruptcy...
 
whatever happens i am sure that in the history books of transportation there will be a chapter devoted to bill zollars not flattering mind you but a chapter devoted to all in the industry of what not to do. A lesson book a Bible of mistakes. So Bill Zollars you will have your day in the sun, it just will not be as you had hoped. Students will read of you in college, and I hope that arrogance and greed are the message they understand from it all.
 
that would depend on whether you were taking a labor relations major, or a business major. in which case the creep's a freakin' star
 
The same mistakes are made over and over. It seems like the bigger the business the bigger the mistakes. Nobody learns from history. Just look at our government. The left hand doesn't know what the right hand is doing.
 
bill zollars will make history soon

Bill Zollars will be the man who broke the union and single handedly took the freight division down. and killed ABF also as collateral damage. He will go down as a freight demigod. He should be so proud.:clap:He sucessfully got union out of trucking. This what the goverment has been try to do since the 80's
 
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