Shutter Down
TB Lurker
- Credits
- 0
Maybe they have better luck running one big company but I my doubts.
And rename it Cluster F¥<€ Trucking ???Maybe they have better luck running one big company but I my doubts.
a merger of the yrc companies into one entity would likely be a disaster for the employees, the brands each have their own niche's and relations to their customers. you merge these companies together and in my estimation there would be alot of business lost, and therefore alot of jobs lost. the only winners would be our competition.Who do you think is merging?
This guy Ross always seems to try and dig up dirt on yrc and the regionals. Yeah,he is so smart he probably read that 8 year news that Holland pulled out of NE on here,but didn't read the whole thread. Imagine that. An industry analyst,duped by a bunch of truck drivers...David Ross
Jim, could you, I guess talk about maybe the consolidation of the Holland facilities into New Penn and YRC, I read about somewhere last week and also streamlining some of the middle management structure in terms of – I guess, continued to match freight volumes with labor and everything?
James Welch
Sure, I would be happy to. Number one, we have not consolidated anything from a physical network structure and to anyone of the other companies, all four companies today remain independent. What we did do however, was take the opportunity to realize the improvements that we have had from process, improvements in technology to right size our business, which we consider kind of a normal course of business. Certainly, the adjustments that we made were certainly carefully analyzed and we used a consistent methodology across all four operating companies that really centered on span of control, number of direct reports and things like that. So we certainly took all into consideration. We only made any sort of decision once we knew that we are certainly clear from a cost and service benefit to help our business out. But there is really no network integration at all. There could be some facilities where we have the capacity to share and we will be looking at some things like that, but really just a normal way rightsizing of the business, which we were happy to be able to do from the improvements that we made with our technology and processes.
David Ross
Okay. So that’s not as if you are shutting down some facilities in Holland, you put that freight in New Penn and YRC Freight?
James Welch
Not at all. Nothing can be further from the truth, no, nothing at all. I want to be real clear. Nothing is being done to change the physical structure of the networks Holland, New Penn, Reddaway, YRC Freight, all operating independently, so we haven’t wrote that article, didn’t quite have that right.
You forgot LLC...Now I know why that Ross guy was fired from BRG-Patel Consulting...
a merger of the yrc companies into one entity would likely be a disaster for the employees, the brands each have their own niche's and relations to their customers. you merge these companies together and in my estimation there would be alot of business lost, and therefore alot of jobs lost. the only winners would be our competition.
much the same there isnt a huge benefit to any comany large enough to buy all or part of yrc for similar reasons including the debt,pay scale,pension issues,employee morale and avg age.
nobody is buying yrc with a billion dollars in debt and an inability to even consistently earn a profit let alone restore wages.
In 2005 Roadway was a 3.3 billion dollar company by itself. What have they got for half billion more 4 company's short on drivers short on equipment and short on money. If you lost two company's management and sold off all the terminals they did not need and started hauling a good freight mix (no junk) you could have almost as much revenue and more profit. But with clowns in KC running the show it's a slow death you'll see a bigger loss in the first quarter this year. You don't buy a company that' has this many problems. Customers see price and service not brands.
(in millions)
Roadway Express
2005 / 2004
Operating revenue
$ 3,321.1 / $ 3,119.9
Look at ABF at 2.7 billion 2015 75 million profit and paying in the pension bigger not always better.
It's just a matter of time as ,History shows wage give backs & Companies that do it don't last ,think longest one was like 10 yrs maybe ??? and it's really showing it's ugly head lately with Holland daily Operations or should LACK there of !!Yrc combining the regionals now,would probably work out as well as when roadway combined Spartan,Coles,Central,and Viking.....not going to happen.
They said the exact same thing about yellow and roadway.a merger of the yrc companies into one entity would likely be a disaster for the employees, the brands each have their own niche's and relations to their customers. you merge these companies together and in my estimation there would be alot of business lost, and therefore alot of jobs lost. the only winners would be our competition.
much the same there isnt a huge benefit to any comany large enough to buy all or part of yrc for similar reasons including the debt,pay scale,pension issues,employee morale and avg age.
nobody is buying yrc with a billion dollars in debt and an inability to even consistently earn a profit let alone restore wages.
Just remember, this company hasn't always made the best business decisions, still cleaning up the rdwy/yellow mess after how many years, think it would make no sense to combine regionals,but has anything they do make sense,that's the scary partYrc combining the regionals now,would probably work out as well as when roadway combined Spartan,Coles,Central,and Viking.....not going to happen.
Yep linehaul drivers sitting at home in alot of terminals. We still have 5 that hasn't worked this week but we have a NEW VICTIM starting Monday? ???It's just a matter of time as ,History shows wage give backs & Companies that do it don't last ,think longest one was like 10 yrs maybe ??? and it's really showing it's ugly head lately with Holland daily Operations or should LACK there of !!