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Hard Charger

Hard Charger

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Every employee that works at YRC Freight should be very offended about this whole buying ABF situation. That fact that YRC is arrogant enough to even think about buying any other company is a slap in the face to each and every YRC/Teamster member that works at this company. Until our pension is restored and the 15% pay cut is dismissed this company should not think about buying anything. We all should be striking rite now demanding our pension and wages be restored immediately. If YRC has the resources to purchase a company they can use those same resources to restore our pay and pension.
 
As a conway guest, how come you guys keep paying dues to the IBT? From what I've read, the 2 man teamsters on the yrc committee is in on this too. Wondering why u guys give up your money to support these clown that aren't protecting your jobs. Dovetailing a roster, eliminating jobs would be the outcome. IMO . Seems like IBT would rather have yrc go after a non union to get membership up not go down by buying abf. If I was in a right to work state, and worked for a union, I wouldn't pay em jack squat for even pullin a stunt like this
 
Hard Charger said:
Every employee that works at YRC Freight should be very offended about this whole buying ABF situation. That fact that YRC is arrogant enough to even think about buying any other company is a slap in the face to each and every YRC/Teamster member that works at this company. Until our pension is restored and the 15% pay cut is dismissed this company should not think about buying anything. We all should be striking rite now demanding our pension and wages be restored immediately. If YRC has the resources to purchase a company they can use those same resources to restore our pay and pension.
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Some of you folks on here totally amaze me. YRCW DOES NOT have the resources to buy ABF. If it were to happen at all, YRCW would be borrowing the money to buy ABF. Just like when you get a mortgage for $100,000 to buy a house valued at $100,000 for example, you are in debt for the $100K, but you now have an asset worth $100k, so it's a wash. And, the expectation is that the value of the house will rise over time, making the deal a good one. If YRCW borrows $X amount of money to buy ABF which is valued at that same $X, they owe that amount of money but have a new resource (ABF) valued at that same amount so it's a wash. The expectation here, just like with buying a house, is that the value of that resource (ABF) will rise over time as it produces revenue for the combined company. Geez, some of you just don't get it do you!
 
Triplex said:
Some of you folks on here totally amaze me. YRCW DOES NOT have the resources to buy ABF. If it were to happen at all, YRCW would be borrowing the money to buy ABF. Just like when you get a mortgage for $100,000 to buy a house valued at $100,000 for example, you are in debt for the $100K, but you now have an asset worth $100k, so it's a wash. And, the expectation is that the value of the house will rise over time, making the deal a good one. If YRCW borrows $X amount of money to buy ABF which is valued at that same $X, they owe that amount of money but have a new resource (ABF) valued at that same amount so it's a wash. The expectation here, just like with buying a house, is that the value of that resource (ABF) will rise over time as it produces revenue for the combined company. Geez, some of you just don't get it do you!
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Well then maybe this pig should take out another loan and make its employees whole.
 
Rationalization. That still doesn't "make" it right!
Why the H.E.L.L should more of us TEAMSTERS suffer?
Because the shareholders and/or YCRW management believe it's the right move?
Perhaps, down the road, the YRCW link will just disappear, then it will not matter whether WE get it or not!

Triplex said:
Some of you folks on here totally amaze me. YRCW DOES NOT have the resources to buy ABF. If it were to happen at all, YRCW would be borrowing the money to buy ABF. Just like when you get a mortgage for $100,000 to buy a house valued at $100,000 for example, you are in debt for the $100K, but you now have an asset worth $100k, so it's a wash. And, the expectation is that the value of the house will rise over time, making the deal a good one. If YRCW borrows $X amount of money to buy ABF which is valued at that same $X, they owe that amount of money but have a new resource (ABF) valued at that same amount so it's a wash. The expectation here, just like with buying a house, is that the value of that resource (ABF) will rise over time as it produces revenue for the combined company. Geez, some of you just don't get it do you!
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yrc-atm said:
Well then maybe this pig should take out another loan and make its employees whole.
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They're not in business to make their employees happy. Like all companies, they're in business to provide a service or produce a product and by doing so, make a profit. Get over the idea that they, like any company, is your substitute mommy or daddy! If and when they return to real profitability, that's the time when action to get a bigger piece of the pie makes sense.
 
Triplex said:
They're not in business to make their employees happy. Like all companies, they're in business to provide a service or produce a product and by doing so, make a profit. Get over the idea that they, like any company, is your substitute mommy or daddy! If and when they return to real profitability, that's the time when action to get a bigger piece of the pie makes sense.
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And the employees don't come to work to make the ceo money. To some of you welch was the messiah sent to save this pig from slaughter. He is yellow through and through. And in typical yellow fashion he is looking for yet another company to suck the life out of. The last two purchases were done on credit and it put this pig over $1billion in debt with interest payments so high they are unable to reinvest in the company or remain competitive in the marketplace. This is exactly the kind of move that put us in the situation we are in now. The arrogance of yellow pure and simple
 
yrc-atm said:
And the employees don't come to work to make the ceo money. To some of you welch was the messiah sent to save this pig from slaughter. He is yellow through and through. And in typical yellow fashion he is looking for yet another company to suck the life out of. The last two purchases were done on credit and it put this pig over $1billion in debt with interest payments so high they are unable to reinvest in the company or remain competitive in the marketplace. This is exactly the kind of move that put us in the situation we are in now. The arrogance of yellow pure and simple
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And the CEO doesn't come to work to make you money. You are just a commodity.
 
yrc-atm said:
Well then maybe this pig should take out another loan and make its employees whole.
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Buying an assest with a loan Might improve (might not too. Buying Big R and USF didn't help any) Value. Buying goodwill with a loan only increases Debt- wouldn't get Bank Approval...
 
yrc-atm said:
And the employees don't come to work to make the ceo money. To some of you welch was the messiah sent to save this pig from slaughter. He is yellow through and through. And in typical yellow fashion he is looking for yet another company to suck the life out of. The last two purchases were done on credit and it put this pig over $1billion in debt with interest payments so high they are unable to reinvest in the company or remain competitive in the marketplace. This is exactly the kind of move that put us in the situation we are in now. The arrogance of yellow pure and simple
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As an employee, you come to work to trade your efforts/skills for compensation, that's it. The CEO's job is to plan for ways to make the company grow and become more profitable in the future. If that means proposing something that makes the employees unhappy so be it. That's not a primary factor in making his decisions. That's just a fact of life, like it or not. The way so many of you act, you would expect the company to exist solely to pay you what you think you deserve (regardless of what the majority agreed to in a vote) and put everyone back to work regardless of the need for all those people. We voted to accept a pay cut - live with it.

The last two purchases did turn out to be bad moves, primarily because of the severe downturn in the economy. Who knows how things might have turned out if the recession hadn't happened. We might all be complaining about having to work too much.
 
Instead of scuttling more jobs, why doesn't the company focus on hiring a more competent sales force?
By soliciting freight from our non-union competition and growing our company the traditional way, wouldn't that process become more beneficial in the future?
 
We voted to accept a pay cut - live with it. <<<<<<<<<<<<<<<<< The vote passed but "WE" did not vote for it ... Hope the CEO's choke on their filet mignon and the wives break an ankle in their Versace's high heel .. *ahem .. sorry vent right there
 
hanalad said:
Instead of scuttling more jobs, why doesn't the company focus on hiring a more competent sales force?
By soliciting freight from our non-union competition and growing our company the traditional way, wouldn't that process become more beneficial in the future?
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The number of jobs have to relate to the volume of work available. You can't put people to work and pay them if there's not productive work for them. As the freight volumes increase (by whatever means that happens) then there will be more need for people. If two companies are operating at less than full capacity, then combining them and eliminating the excess capacity will result in more productivity and profitability for the combination. Will this hurt some workers in the short term? Yes, of course, but in the long run it improves the chances of growth down the road. I'm not making these decisions, they're way above my pay grade, but it's just being realistic. Until the economy really improves and the excess capacity in the trucking industry goes away, some discomfort will happen to many people. Sad, but it's the way it is.
 
z71bowtie said:
We voted to accept a pay cut - live with it. <<<<<<<<<<<<<<<<< The vote passed but "WE" did not vote for it ... Hope the CEO's choke on their filet mignon and the wives break an ankle in their Versace's high heel .. *ahem .. sorry vent right there
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"We" did not vote for it? Are you living in some alternate universe?
 
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