On the subject of money ,I pulled a check from April 2003 and came up with an hourly rate of $20.38. If we only received raises based on inflation of the Consumer Price Index since then, we would be making $26.98 an hour now. Heck if you subtract 15% from the 2003 wage, then enter the lower amount, you still come up with $22.94, which is a dollar an hour more than I make now. And, this does not take into account the lost pension!
SAIA is completely spun off. I want YRC to make it Slave. Don't go there please.
There's a thread on here for thatWhat is this board gonna become once YRCW goes out and this forum is gone?
Are the mods gonna make a special forum for the YRC and subs unemployed?
This is the busiest forum on the board and we won't have anywhere to go. Lol.
Makin me giddy now......
In the first couple years the buyout was a success. After that, Zollars got greedy thinking about fat stacks of cash in his bank account, and wasn't able to read the tea leaves. Now YRC has more debt than ALL of the other ltl carriers combined. Remember when that stroke was on TV all the time talking like he's someone important?
I see your frustration 511. One thing is strange also that certain areas of the country have different hourly rates than central states, which I am assuming you are in? The hourly rate now since April 1st in the Chicago area is $23.27.
Are you guys down there in CSPF?
Good for you. Yes, I thought maybe you were at one of the terminals with "dim" lights...
To answer your question. I think the banks will keep us open till they find another way to haul all of our freight. They are involved in everything and shutting us down will be a bigger risk. Other parts of the economy will take hurtings with lost and tied up freight.
Not to dispute you Slave, but the banks will have nothing to do with where any freight we move ends up,if it ever comes to that. Some shippers may have some issues for a few weeks, but believe it, there is enough capacity out there to absorb yrc,and the regionals daily bill pickup...
Could and would shut down at anytime , when they see it befits them more to shut down & take the money and run they are gone and also when Credit Sussie & Cayman Island banks get tired of playing the number's game it bye bye bye ..............
I think you are probably right. If the company continues the rest of the year losing money they will pull the plug in my opinion. The 25 million first quarter loss is not good. If things don't turn around this year I don't see a 2018 ... 2019 won't matter if you get my drift.
There will come a time when you must stop the bleeding a create an exit strategy. The big issue would be what do you do with the profitable regionals. A bankruptcy declaration would be a challenge to say the least. None of us are lawyers so it would be best not to speculate. Let's just hope someone rights the ship called YRC.
