Fair Contract Now!

Discussion in 'Holland' started by LTL Trkr, Apr 12, 2018.

  1. LTL Trkr

    LTL Trkr New Member

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    YRC Regional is the 8th largest LTL carrier in the United States with nearly two billion dollars in yearly Revenue. Since the Great Recession of 08-09 YRC Regional has posted an annual operating profit every year, while maintaining an operating ratio between 94%-96%. How much longer will we be asked to subsidize the operations of YRC Freight? A chapter 11 bankruptcy years ago would have been the best thing that could have happened to the regional company's employees, for these profitable subsidiaries would have been sold and their brand would have continued. As for YRC Freight they would have gone the way of the Dinasours.
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    falconfan and wongway like this.
  2. GIALLO

    GIALLO Member

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    That's only cooked numbers. There is a reason to be that way and it is confidential secret.
     
    waleye likes this.
  3. wongway

    wongway -15% Pay , Never forget

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    Time for Regional Driver's to stop Bleeding money for the yellow pig :6788:
     
    Keepingon likes this.
  4. LTL Trkr

    LTL Trkr New Member

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    YRC strongly believes fair and competitive compensation is necessary to attract the best talent in the LTL industry. No really, it's true! Read it for yourself in the latest 2018 proxy statement filed with Securities and Exchange Commission. In fact, they selected a committee, who hired a research firm to gather the data. This firm gathered data on our LTL industry peers like ABF, Saia, XPO, etc. to find out what kind of compensation they were providing, so YRC in turn could offer something similar. After all, they don't want their valuable assets walking out the door to go to work for one of these
    competitors. Before you get too excited, I guess I should mention, this is how they figure out what should be paid to the company's top Executives. Apparently, they think a fair and competitive salary is important for the brass, but not so much for rest of us
     
    wongway, waleye and allnightrain44 like this.

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