larry retired
TB Veteran
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you are right, fed-ex drivers are getting hrs cut to nothing and big lay-offs. but you are uninformed if you dont believe all yrc companies were not cutting each others throat for the same freight. yes today one sales team so i dont think they still do that but that insane business practice cost us dearly......and it should mean something to you...pension
Every company under the YRC umbrella was growing before the economy started heading south. As has been belatedly pointed out, for political reasons, this recession began one year ago. The company was doing fine until the fourth quarter of 2007, the beginning of the recession. Of course they were competing against each other, each one was trying to grow its own business. Whether this was exactly the correct way to go is beyond my limited ability to judge. But, as has been pointed out frequently, this was the plan from the beginning. Rather than throw it all together instantly, like many had unsuccessfully done in the past, they decided to do it incrementally. The only problem was, they didn't plan for the worst economy since the Great Depression. They have a lot of company here. You probably didn't planned for it either, did you? But I'll bet if you are from Yellow, you thought it was a good idea to be buying up as much of our competition as possible , at the time. Bigger is better, and we are competing against giants like UPS and FedEx. The economy went bad and a whole lot of you are looking for someone to blame, and you have decided to make it YRC and the Teamsters Union. This is a long way of saying, you are wrong.