October. Would you explain. Add more to your post. What do you mean?
If you are saying what I think you're saying , what are you basing this on?
XPO | Raise ??
- Thread starter boomer55
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If you are saying what I think you're saying , what are you basing this on?
Great cliche, are you saying CF had an empty hand?
highspeeds
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highspeeds
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Songremainsthesame
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Yeah they kinda did. Emery wounded them, Con-way bled them and when they were spun off from the parent it killed them.
trucknfool
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When they used money from C F to start and build Conway , theirs no denying it.
f again
fr8planner
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There is no raise coming. The company spent 110 million on the driver pay package at the start of this year. That's what you get this year. Call it a raise, call it leveling all the pay scales, call it whatever you desire; but that is the reality of the situation. You still did better than management. They promised a review of our pay to make up for poor raises the last several years, and then gave us a 2.5% raise after the review.
The person who posted that this is just a paycheck was correct. This is just a corporation. Profit is number one, you are just a number. You work, they pay you (and only as much as they have to); and if they can figure out a way to do it for less, they will. Those are the facts of the situation, harsh as they may seem.
The person who posted that this is just a paycheck was correct. This is just a corporation. Profit is number one, you are just a number. You work, they pay you (and only as much as they have to); and if they can figure out a way to do it for less, they will. Those are the facts of the situation, harsh as they may seem.
LTLIndentured
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Why not start your own Conway Union like UPSF did? This way you don't have to deal with IBT incompetence in pension funding and can afford to demand more from Conway.
UPSF is in the IBT
LTLIndentured
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I must have a flawed understanding of IBT pensions funding. I thought ups bought its way out of IBT pension
highspeeds
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They are still teamsters. But the company refused to continue contributing to the Ponzi scheme and forced the IBT to allow it out. They now fund a fully company held pension.
highspeeds
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A union will never work here. They will spin of into Menlo and kill Con-way off just like they did CF. They are dead set against the union. Will sacrifice anything and everything to eliminate it from the system.
You have a flawed understanding of alot of things in this industry
fr8planner
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What exactly does the union have to sell to a Con-way driver, assuming that the reason you come to work is to take the best possible care of your family? I'll grant you that it's not perfect here. however, the union is not able to force Con-way to do anything, that is a myth. Our guys make good money, have decent (not great insurance, thanks ACA), are home everyday and driver decent equipment. The other thing offered here that is a bit shakey at the union carriers our size is stability. When the majority of your income is going to make interest payments, you have no stability. I'm not knocking the union , as there are a lot of hard working guys and gals there that bust there butts everyday; but the leadership of the union has failed them and given them a hard product to sell. In all honesty, I wish all those Teamster drivers nothing but good fortune and hope they can stick with it, stay employed, and turn the ship around.
Thank you for your point of view.
With the weak raises that management has received , as you described , do bonuses make up for 2.5 raise?
fr8planner
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The bonus puts us up at a pay level comparable to the drivers. however, we have to hit a pretty high benchmark of profit in order to see that bonus, and it is a sliding bonus. Mine have been as small as 185.00 a couple of years ago, and as high as 7,500.00 last year. This year the freight trends have been a little unusual, so I would really need to see the release of the 2nd quarter financials to see how it is looking for this year.
You seem to think that the only Union company out there is yrcw hence the interest payment statement. And yes the union can force conway to do something, negotiate in good faith. Actually it wouldn't be the union forcing it would be the law.
fr8planner
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I am well aware of who is and who is not in the union; however, YRC is certainly the poster child for the failures of the union leadership.
You are correct in that the law will require a company to negotiate in good faith. However, what the law can not do is make a company give more than they can afford. Companies have not only the right to make a fair profit, but the responsibility to its shareholders and employees to do so. Without good profits, your stock rating drops. When your stock rating drops, your credit rating tumbles. When your credit rating tumbles, you either pay more interest to borrow or you simply forgo the needed capital improvements; and in order to preserve your cash you no longer absorb the cost of insurance increases, etc.
While there could be some concrete work rules put into place, it would certainlyl be unlikely to see the company forced to part with much money in the way of increased wages or benefits; as it would likely go to an arbitrator, and the current trend is tending to favor the companies.
You are correct in that the law will require a company to negotiate in good faith. However, what the law can not do is make a company give more than they can afford. Companies have not only the right to make a fair profit, but the responsibility to its shareholders and employees to do so. Without good profits, your stock rating drops. When your stock rating drops, your credit rating tumbles. When your credit rating tumbles, you either pay more interest to borrow or you simply forgo the needed capital improvements; and in order to preserve your cash you no longer absorb the cost of insurance increases, etc.
While there could be some concrete work rules put into place, it would certainlyl be unlikely to see the company forced to part with much money in the way of increased wages or benefits; as it would likely go to an arbitrator, and the current trend is tending to favor the companies.
Yrc's problems are not the cause of the union. The problems at that company are the poster child for management failure. If anything the fact that yrc is still around is a poster child for the union coming to a company's rescue