Yellow | After Jevic?
- Thread starter mudhole
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The money went to the shareholders to pay for their equity.
Did'nt mean to hit a nerve Larry.Wolf, you are always coming after me, now it is time for me to return the favor. Before Yellow bought Roadway and CF was still up and running, we were the big three. There was a time when Roadway was definitely operating better than Yellow, fractionally. But the five or so years before CF went under and Roadway was bought, Yellow was operating better than both. CF was running at 103 or worse for about three years. Roadway was operating at 98 to 99. Yellow was operating at 96 to 97. Roadway and Yellow were neck-in-neck for total operating revenue. CF had fallen several million behind. This ain't bs, this is fact. If you don't believe me, you can look it up. We were all driving garbage in the city. CF started Conway, which, of course, still exists. Roadway started RPS and Roadway airfreight. RPS is now FedEx Ground, while the airfreight division was closed down. They bought Viking, Coles, Spartan and Central. Coles and Spartan went belly-up. Central has changed hands a couple times and is struggling. Viking survived and was bought by FedEx along with American. Yellow bought Saia, WestEx and Jevic. Saia and WestEx combined and are still in business. Back in the day, Yellow bought lots of authorities. Colorado authority came from their purchase of Watson-Wilson. The point is, all these companies have bought and sold companies over the years, some have survived and some haven't. Before our combining, we were blood competitors, even though we were friends personally. Yellow bought Roadway and nobody over there has liked that since. That is understandable, we were enemies. But all that aside, Yellow was no worse than Roadway, and I ain't gonna' sit here and listen to it anymore. And just because we are YRC, the fact is, that stands for Yellow-Roadway. Nobody has changed that name or their individual names yet. And there is no reason to get pissed yet, until they do. And if we hadn't combined, I contend we would both be weaker than we are. Okay, well I have sufficiently ticked a whole lot of people off, y'all have a good evening.
I do think your history lesson is dead on and I can not find anything to argue. Go figure. :whistling: None of this changes my number 2 point (anti-yellow) which was formed long before Rdwy. And just for reference Rdwy was my last choice for a career and only a means to an end. So you are correct there is only crude at the bottom of the barrel. All the good companies are gone and the ones that know how to best ****,pillage,and plunder are all thats left. Did we just agree on something? :smilie_132:Displaced Jevic Worker, turned Yellow
Well, I have seen very little freight that we (Jevic) hauled on Yellow's dock.
Well, I have seen very little freight that we (Jevic) hauled on Yellow's dock.
larry retired
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Did'nt mean to hit a nerve Larry.
Yes, my ECI bro. And here's why. I worked for two Fortune 500 companies and one of the largest transportation companies, Yellow. All three treated their employees like dirt. And one of those Fortune 500 companies put Yellow to shame when it came to treating it's people badly. I also worked for a small local trucking company before being laid off and having to go to work for Yellow. That was the best job I ever had. We were Teamsters, we all got along pretty well for the most part and had a good time at work. Like you said, all the good companies are gone. Deregulation stripped out the trucking industry, while globalization, outsourcing, offshoring and whatever other cute terms they use has cleaned out the rest.
By the way, I heard something very interesting today. There are one and one half hours of labor in the production of a ton of steel. With the increase in fuel costs, it is now cheaper to make that steel here than it is to ship it across the ocean.