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Yellow | How much business will we lose?

GIALLO said:
What??
Do you mean Roadway and the USF were force to be sold to Yellow?
Come on Yellow hater!:crybaby:
Why not the other way?:poke:
Why Roadway and USF accepted the offer to be bought?
If they were so good at the business of moving freight, why they did not turn down the offer from Yellow and keep making profits for years to come?
Yellow is not a social company!:chairshot:
It does not have to prove you any numbers!
Stop your war on Yellow Freight!
Pension improvements coming in the next contract.
I hope you stop a little bit brother.
Click to expand...
GIALLO said:
What??
Do you mean Roadway and the USF were force to be sold to Yellow?
Come on Yellow hater!:crybaby:
Why not the other way?:poke:
Why Roadway and USF accepted the offer to be bought?
If they were so good at the business of moving freight, why they did not turn down the offer from Yellow and keep making profits for years to come?
Yellow is not a social company!:chairshot:
It does not have to prove you any numbers!
Stop your war on Yellow Freight!
Pension improvements coming in the next contract.
I hope you stop a little bit brother.
:couch:
Click to expand...
If Yellow Freight is so great why did they cut pension contributions years back and then accept a bailout from the government? Why did it take yellow freight nearly 20 years to get Roadway, Reddaway, Holland & New Penn under one umbrella?
 
GIALLO said:
What??
Do you mean Roadway and the USF were force to be sold to Yellow?
Come on Yellow hater!:crybaby:
Why not the other way?:poke:
Why Roadway and USF accepted the offer to be bought?
If they were so good at the business of moving freight, why they did not turn down the offer from Yellow and keep making profits for years to come?
Yellow is not a social company!:chairshot:
It does not have to prove you any numbers!
Stop your war on Yellow Freight!
Pension improvements coming in the next contract.
I hope you stop a little bit brother.
:couch:
Click to expand...
The CEOs and the board of directors of a corporation have a fiduciary responsibility to the shareholders. When an offer comes in to buy the company, they have to assess it for viability and then present it to the shareholders, who then vote to accept or reject it.

The offers to Roadway and USF where very over priced and the shareholders took the money and ran. It had nothing to do with how profitable they would have been if they rejected it, and whether they were good at moving freight, which they both were excellent at. It was all about the offer per share on the table.
 
almost13ranch said:
The CEOs and the board of directors of a corporation have a fiduciary responsibility to the shareholders. When an offer comes in to buy the company, they have to assess it for viability and then present it to the shareholders, who then vote to accept or reject it.

The offers to Roadway and USF where very over priced and the shareholders took the money and ran. It had nothing to do with how profitable they would have been if they rejected it, and whether they were good at moving freight, which they both were excellent at. It was all about the offer per share on the table.
Click to expand...
Your right BUT in such sales the few that hold the majority of the stock are the votes that decide on the outcome
 
Blackjack21 said:
Yellow payed almost 2 times roadway stock value! Because they were being put out of business!
FACT??
"Yellow agreed to pay $966 million, or about $48 a share, for Roadway, whose stock closed on Monday at just $30.02"
Click to expand...
You might want to revisit your facts.

Roadway stock was trading at 30.00 until News broke of what they were calling a “merge” of both companies Roadway stock then shot up to $46 and change Yellow paid $48
 
almost13ranch said:
The CEOs and the board of directors of a corporation have a fiduciary responsibility to the shareholders. When an offer comes in to buy the company, they have to assess it for viability and then present it to the shareholders, who then vote to accept or reject it.

The offers to Roadway and USF where very over priced and the shareholders took the money and ran. It had nothing to do with how profitable they would have been if they rejected it, and whether they were good at moving freight, which they both were excellent at. It was all about the offer per share on the table.
Click to expand...
Let the truth be heard!
 
DyingBreed317 said:
If Yellow Freight is so great why did they cut pension contributions years back and then accept a bailout from the government? Why did it take yellow freight nearly 20 years to get Roadway, Reddaway, Holland & New Penn under one umbrella?
Click to expand...
Let the truth be heard!
Keepingon said:
You might want to revisit your facts.

Roadway stock was trading at 30.00 until News broke of what they were calling a “merge” of both companies Roadway stock then shot up to $46 and change Yellow paid $48
Click to expand...
???
 
It has been nearly 20 years since "the acquisition" and 13 years since the merger of operations of Roadway Express and Yellow Freight. In ALL those years they have NEVER achieved a GAAP profit. While at the same time STEALING wages and benefits of all its employees, except senior management. Who, not coincidently, have been HANDSOMELY rewarded for their actions and treatment of their employees. The liquidation of the significant assets of acquired companies being the primary reason bankruptcy has, so far, been avoided.
These are the facts. assign the blame wherever you wish.
 
Razorblade said:
There is no UNION defined benefit pension plan. Your contract simply states how much is to be contributed to a pension fund. A pension fund is an independent corporation that is not now nor has ever been owned or operated by the Teamsters.
Pension funds, not the union, determine how much your benefit will be based on the monthly contribution rate negotiated by your union and ratified by the rank-and-file members. Nowhere in your contract will you find a defined retirement benefit.
There is no failure of Yellow to make full contributions to the pension funds. Yellow is making the full contribution as required by the various labor agreements approved by the membership.
The Teamsters Union IS big business and will do whatever necessary to keep a steady flow of dues money from the YRC companies flowing into the IBT and local union treasuries. The union wrote off Yellow as a viable company a decade ago. Your union considers YRC employees "Dead Men/Women Walking".
Get out now. Yellow dies in 2024
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With Joe Biden....America might die first.
So it doesn't matter.
 
albag said:
It has been nearly 20 years since "the acquisition" and 13 years since the merger of operations of Roadway Express and Yellow Freight. In ALL those years they have NEVER achieved a GAAP profit. While at the same time STEALING wages and benefits of all its employees, except senior management. Who, not coincidently, have been HANDSOMELY rewarded for their actions and treatment of their employees. The liquidation of the significant assets of acquired companies being the primary reason bankruptcy has, so far, been avoided.
These are the facts. assign the blame wherever you wish.
Click to expand...
It's all about the biggest investors in the world being happy.
Everybody else is just their lackey.
And that goes all across the board to most all of the other LTL'S and customers we haul for.
 
albag said:
It has been nearly 20 years since "the acquisition" and 13 years since the merger of operations of Roadway Express and Yellow Freight. In ALL those years they have NEVER achieved a GAAP profit. While at the same time STEALING wages and benefits of all its employees, except senior management. Who, not coincidently, have been HANDSOMELY rewarded for their actions and treatment of their employees. The liquidation of the significant assets of acquired companies being the primary reason bankruptcy has, so far, been avoided.
These are the facts. assign the blame wherever you wish.
Click to expand...
Let the truth be told
 
Razorblade said:
There is no UNION defined benefit pension plan. Your contract simply states how much is to be contributed to a pension fund. A pension fund is an independent corporation that is not now nor has ever been owned or operated by the Teamsters.
Pension funds, not the union, determine how much your benefit will be based on the monthly contribution rate negotiated by your union and ratified by the rank-and-file members. Nowhere in your contract will you find a defined retirement benefit.
There is no failure of Yellow to make full contributions to the pension funds. Yellow is making the full contribution as required by the various labor agreements approved by the membership.
The Teamsters Union IS big business and will do whatever necessary to keep a steady flow of dues money from the YRC companies flowing into the IBT and local union treasuries. The union wrote off Yellow as a viable company a decade ago. Your union considers YRC employees "Dead Men/Women Walking".
Get out now. Yellow dies in 2024
Click to expand...
Sorry to burst your bubble. Central States Pension is a "Defined Benefit Plan". What that means is your monthly pension benefit is determined by length of service and the Trustees of the plan (3 company and 3 union representatives). You should not post opinion. Do some research. The link below explains it very well.

https://www.irs.gov/retirement-plans/defined-benefit-plan
 
albag said:
Sorry to burst your bubble. Central States Pension is a "Defined Benefit Plan". What that means is your monthly pension benefit is determined by length of service and the Trustees of the plan (3 company and 3 union representatives). You should not post opinion. Do some research. The link below explains it very well.

https://www.irs.gov/retirement-plans/defined-benefit-plan
Click to expand...
Your reading comprehension needs work. You post is identical to mine. I was a trustee on the Western Pa. Teamsters and Employers Pension Fund. The UNION has no pension funds. The pension fund is a separate entity, not a part of the Teamsters union. If it was owned and operated by the union, there would be no employer trustees.
 
Razorblade said:
Your reading comprehension needs work. You post is identical to mine. I was a trustee on the Western Pa. Teamsters and Employers Pension Fund. The UNION has no pension funds. The pension fund is a separate entity, not a part of the Teamsters union. If it was owned and operated by the union, there would be no employer trustees.
Click to expand...
I guess Local 710 HW&P is lying to me when my monthly pension check is drawn on the Teamsters Local 710 PENSION FUND account.
 
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