Oops, I think you responded to the wrong post, dear. That's okay, I know what you're saying. :)
Yep I sure did didn't I... Guess it's time for a break!!!
Sorry.
Oops, I think you responded to the wrong post, dear. That's okay, I know what you're saying. :)
One question on this. Were all things equal? You can never discount the forces outside of a company when stating that something made it worse. i.e. Was the economy tanking at the time? Etc.
Really - I would like to know... if you can share that with me.
Thanks!
I guess we just look at things differently - Seems to me - from personal experience of the finances and VOTE of people I know.. the ones that are in the MOST financial trouble, with the most bills and the worst financial minds voted NO - and the ones that could move on and be OK.. without having to decide which child to sell voted yes.
Seems to me that those who are in the biggest financial messes themselves are looking to the company to 'fix' their messes. Don't hurt me - I'm just sharing my observations... BTW - when people have a financial mess in their personal lives - they all come to me and I plan out with them what to do next....
Sorry - I'm not trying to be a downer.
While I'm sure the economy had some impact somewhere along the way it does go much farther and deeper than that.
The big changes really started in the early to mid 2000s and they fundamentally changed the way they ran the company.
It really was a shame to see to be honest with you. They took something that really worked so well and just broke it.
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I really don't get into other peoples financial situation so I can only base it on mine which counter your experiences.
I've got about 7 years left to pay on my house, no credit card debt and one small car payment. I've planned for my future by setting up both IRAs and my 401k and yes, I did vote no.
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It is always sad to see something change. When the change is a bad one it's worse. However, if we stand still we will be left behind. Change must happen..... For instance - Look at the 'postal service' and that TV rating company... wish I could remember the name.. They thought "We work now... we are good... no need to change" Then at least with Nealson ratings (I think that's what its called) they almost saw themselves go extinct because they didn't think they needed to change... and DVRs came out and "on Demand" and "internet TV" so the 'ratings' of a particular show on TV the night it was originally aired was falling and the ratings company wasn't able to accurately gauge the other viewing opportunities... left them scrambling to 'catch-up'. I heard that they did...but never followed up on it...
Anyhow - Change sucks - and for some it's harder than for others... but it must happen... if we stand still we will grow moss. :)
Fair enough - my apologies to you... but that kind of leaves me scratching my head at your other posts... you reference 'paying YRCs bills and not yours?'
Believe me - I understand your frustration... because personally the money that is not on the check is money taken directly out of my SAVINGS account... :) However - that in itself means I am able to PROVIDE for my family.... which - give all of the items we face in this day - is enough to make my heart smile.
Greed is not just for 'rich' people.... <---- something to think about
It is always sad to see something change. When the change is a bad one it's worse. However, if we stand still we will be left behind. Change must happen..... For instance - Look at the 'postal service' and that TV rating company... wish I could remember the name.. They thought "We work now... we are good... no need to change" Then at least with Nealson ratings (I think that's what its called) they almost saw themselves go extinct because they didn't think they needed to change... and DVRs came out and "on Demand" and "internet TV" so the 'ratings' of a particular show on TV the night it was originally aired was falling and the ratings company wasn't able to accurately gauge the other viewing opportunities... left them scrambling to 'catch-up'. I heard that they did...but never followed up on it...
Anyhow - Change sucks - and for some it's harder than for others... but it must happen... if we stand still we will grow moss. :)
Whoa there, none of us are old enough to have lived through the great depression that would put us in our 80's at least.....................................
No need to apologize. Some of my comments may have been metaphorically speaking. One "bill" I would love pay more into would be my 401K. If I got my 15% back tomorrow it would all go right into retirement savings. If you have not figured it out yet, I want out of this business as soon as I'm financially able to. I'm shooting for 57 if the stock market keeps doing well.
No need to apologize. Some of my comments may have been metaphorically speaking. One "bill" I would love pay more into would be my 401K. If I got my 15% back tomorrow it would all go right into retirement savings. If you have not figured it out yet, I want out of this business as soon as I'm financially able to. I'm shooting for 57 if the stock market keeps doing well.
It may or may not do well, but, realize that it has advanced ten years of profit in the past "recovering" 3. Take your gains and put them in something stable. There will be a correction coming. If your retirement horizon is less than five years, you need to be more careful than if it is 15. Just mho.
With all due respect, as a Preston guy, we always respected New Penn as The Best. Now- having said that- we work for Corporations. Yellow Corp and Roadway Corp did there thing, which cost money. Then they bought USF Corp which cost more. They didn't need yours or mine permission to do it. My Mother in Law often criticizes how businesses are run or how land is developed. I point out to her- if she wanted to control it- she should have bought it...Ok, I'll play along. How about returning New Penn to the way they used to operate. Before YRC took control New Penn had an OR of 85-90 consistently. 70% of deliveries were made before noon, returns were almost unheard of, damages were non existent, everyone worked smarter (union and management alike) and the company was one of, if not the most efficient carriers in the country. The place was seriously a well oiled machine and I give most of that credit to the former management team. Simply put, they knew what they were doing and how to execute it.
Along comes YRCW and they decide to reinvent the New Penn wheel. The OR is now probably in the 95-98 range, almost daily we have inbound loads arriving back between 9:30 and 10:30. The majority of peddle men now leave the yard between 10 and 11 with a handful being closer to noon with 15-20 deliveries on their trucks. The average day probably has 20-35 returns out of 450-500 put in the street and damages are through the roof.
YRCW should have left New Penn alone and let them do what they did best instead of destroying a once proud company and it's employees.