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Yellow | Is YRC a zombie company?

I could read the whole article on my phone. Just tried on the laptop and it is broke down into pages which you can't read entirely without joining something, so I will summarize. Zombie firms are those 10+ years old whose earnings before interest and taxes fails to cover their debt servicing costs. These walking dead firms are kept alive by refinancing or restructuring debt to stave off liquidation. With the coming interest rate hikes an important part of capitalism could be realized "creative destruction" which occurs when poor capital allocators are replaced with better run companies who buy the assets for pennies on the dollar during bankruptcy sales. Bad companies need to fail otherwise they continue to drag the global economy.
 
Wrench97 said:
I was on the dock this morning sure looked like the walking dead............................................
Click to expand...

hRDhwYJ.jpg

Why you want to talk bad about those dock workers Wrench? They're going as fast
as they can without making any mistakes!
:grin:
 
Most weren't moving...........................had to instruct that the little red light on the dash and the buzzing sound meant the propane bottle was empty....................................she said that her husband always put gas in her car and doesn't know anything about that...............................
 
Jaloc said:
Has any Teamster company survived after a decade of concessions? I have a bad feeling we will be the next CF a few supervisors who came from there said we're going down the same path.
Click to expand...

Good question. NOT 1 Teamster Company who was on a wage give back survived. I believe the last 2 were ANR who folded in late 1998 or early 2000. 2008 All Van out of Michigan closed.
 
vongrimmenstein said:
Good question. NOT 1 Teamster Company who was on a wage give back survived. I believe the last 2 were ANR who folded in late 1998 or early 2000. 2008 All Van out of Michigan closed.
Click to expand...

LTL TRUCKING COMPANY BANKRUPTCIES & SHUTDOWNS
1980s

COMPANY HEADQUARTERS YEAR CEASED OPERATION NOTES
Admiral-Merchants Motor Freight Inc. St.Paul MN early 1980s only LTL operations closed
American Freight System Overland Park KS 1988 _
Bender & Loudon Motor Freight Akron OH 1989 _
Blue Line Express Nashua NH 1989 _
Boss-Linco Lines Inc. Buffalo NY 1982 _
Branch Motor Express New York, NY 1984 _
Brigg’s Transportation St. Paul MN 1984 _
Brown Express Inc San Antonio, TX 1988 subsidiary of U.S. Truck Lines
Campbell’s 66 Express Inc Springfield MO 1986 _
Central Transport Sterling Heights MI 1983 _
Central Truck Lines Inc. Tampa, FL 1989 subsidiary of U.S. Truck Line since 1965
Chippewa Motor Freight Inc. Eau Claire WI 1980 _
Clairmont Transfer Co. Escanaba MI 1985 _
Cleveland, Columbus, & Cincinnati Highway Inc. Cleveland OH 1988 subsidiary of U.S. Truck Lines
Commercial-Lovelace Motor Frieght Columbus OH 1985 _
Cooper-Jarrett Motor Freight Lines Inc. Orange NJ 1981 _
C.W. Transport Inc. Wisconsin Rapids WI 1988 _
Davidson Transfer & Storage Co. Baltimore, MD 1983 _
Eazor Express Pittsburgh PA 1983 _
Gateway Transportation La Crosse 1983 subsidiary of Maislin Brothers
Glendenning Motorways Inc. St. Paul MN 1983 _
Gordon’s Transports Inc Memphis TN 1983 _
Gross Common Carriers ?? late 1980s _
Hall’s Motor Transit Co. Harrisburg PA 1986 _
Hannibal-Quincy Truck Lines Inc. Quincy IL 1983 only LTL operations closed
Hemingway Transportation New Bedford MA 1982 _
Holmes Route USA Framingham MA? 1989 _
Horn’s Motor Express Inc. Chambersburg PA 1989 _
Illinois-California Express (ICX) Denver CO 1984 _
IML Freight Inc Salt Lake City,UT 1984 _
Intercity Transportation Easton MA 1980 _
Interstate Motor Freight System Grand Rapids, MI 1984 _
Johnson Motor Lines Charlotte NC 1980 _
Jones Motor Co Inc Spring City PA 1981 only LTL operations closed
Lee Way Motor Freight Inc. Oklahoma City OK 1985 _
Maislin Brothers Transport Ltd. La Salle, Que,CAN 1983 _
Mason & Dixon Lines Inc Kingsport TN 1984 _
McLean Trucking Co. Winston-Salem NC 1986 subsidiary of Meridian Express
Milne Truck Lines Inc Salt Lake City UT 1987 subsidiary of Sun Carriers Inc.
Motor Freight Express System York PA 1982 _
Murphy Motor Freight Lines Inc. St. Paul MN 1987 _
Mushroom Transportation Philadelphia PA 1986 _
Oneida Motor Freight Inc. Carlstadt NJ 1985 _
Pilot Freight Carriers Inc. Winston-Salem NC 1989 _
Quinn Freight Lines Brocton MA 1983 subsidiary of Maislin Brothers
Richmond Cartage Inc. ? 1983 subsidiary of Maislin Brothers
Rimes Trucking Co. Chardon OH early80s _
Ringsby Truck Lines Inc. Denver CO 1984 _
Smith’s Transfer Corp. Staunton VA 1988 purchased 1987 by American Freight System
Spector-Red Ball Dallas TX 1982 _
Sterling Transit Company Inc. Montebello CA 1989 _
Suburban Motor Freight Inc. Columbus OH 1987 _
System 99 Oakland CA 1987 _
Taynton’s Freight System Inc. Wellsboro PA 1985 _
T.I.M.E.-D.C. Inc. Lubbock TX 1988 _
Tose-Fowler Inc. Bridgeport PA 1989 _
Transport Motor Express Inc. Ft. Wayne IN 1980 _
Tucker Freight Lines South Bend IN 1983 _
Wilson Freight Co. Cincinnati OH 1980 _




LTL TRUCKING COMPANY BANKRUPTCIES & SHUTDOWNS
1990s

COMPANY HEADQUARTERS YEAR CEASED OPERATION NOTES
AAA Trenton NJ 1990 _
Allegheny Freight Lines Winchester VA 1990 _
ANR Advance Transportation Co. Milwaukee WI? 1998 _
Arrow Carrier Corp North Bergen NJ 1990 _
Atlanta Motor Lines Conley GA 1997 _
Bee Line Motor Freight Co. Omaha NE 1996 _
Be-Mac Transport Co St. Louis MO 1992 subsidiary of U.S. Truck Lines
Birmingham Nashville Express _ 1996 only LTL operations closed
Bowman Transportation Gadsden AL/Atlanta GA 1990 _
Brown Transport Corp. Atlanta GA/Charlotte NC 1990 Thurston Motor Lines bought 1987
Central Storage & Transfer Co. Harrisburg PA 1991 _
Charlton Brothers Hagerstown MD 1996 _
Churchill Truck Lines Inc Chillicothe MO 1994 _
Coles Express Inc. Bangor ME 1997 shut down, subsidiary of Roadway
Commercial Motor Freight Inc. of IN Indianapolis IN 1983 _
Edson Express Casper WY/Denver CO 1991 _
Fore-Way Express Inc. Wausau WI 1996 _
Friiedman’s Express Wilkes-Barre PA 1993 _
Holmes Freight Lines Omaha NE 1998 _
Hover Trucking Co. South Bend IN 1996 _
Hyman Freightways Inc. St. Paul MN 1997 _
Ideal Truck Lines Norton KS 1996 _
Inter-City Truck Lines Mississauga, Ont,CAN 1993 _
Interlink Freight Systems Toronto, Ont,CAN 1997 ex CP Express & Transport
Jones Truck Lines Inc. Springdale,AR 1991 subsidiary of Sun Carriers Inc.
Merchants Fast Motor Lines Inc Abilene TX 1997 _
Middlewest Freightways Inc. St. Louis MO 1992 acquired by Be-Mac 1992
Motorways Ltd Toronto, Ont,CAN 1993 subsidiary of Federal Industries
Nationsway Transport Services Commerce City CO 1999 _
North Penn Transfer Lansdale PA 1992 _
Penn Yan Express Penn Yan NY 1990 subsidiary of Consolidated Freightways
P.I.E. Nationwide Inc Jacksonville FL 1990 subsidiary of Olympia Holding Co.
Preston Trucking Inc. Preston MD 1999 _
Spartan Express Inc. Greer SC 1997 shut down, subsidiary of Roadway
Standard Trucking Co. Charlotte NC 1993 subsidiary of Sun Carriers Inc
St. Johnsbury Trucking Co Inc. St. Johnsbury VT 1993 subsidiary of Sun Carriers Inc.
Transcon Lines Los Angeles CA 1990 subsidiary of Olympia Holding Co.
Riss & Co. Inc Kansas City MO 1990 _
Willig Freight Lines San Francisco CA 1995 _




LTL TRUCKING COMPANY BANKRUPTCIES & SHUTDOWNS
2000s

COMPANY HEADQUARTERS YEAR CEASED OPERATION NOTES
A-P-A Transport Corp North Bergen NJ 2002 _
Alterman Transport Lines Opa Locka, FL 2003 _
Consolidated Freightways Corp. Vancouver WA 2002 _
Crescent Truck Lines Haywood CA 2003 _
Crouse Cartage Co. Carroll IA 2000 _
Guaranteed Overnite Delivery _ 2004 only LTL operations closed
H&W Motor Express Dubuque IA 2002 _
K&R Express Systems Blue Ridge IL 2004 _
Nussbaum Trucking Normal IL 2002 only LTL operations closed
Parker Motor Freight Grand Rapids MI 2004 _
Rudolf Express Bourbonais IL 2002 _
USF Red Star Newark NJ 2004 _




Deregulation of the trucking industry in the form of the Motor Carrier Act of 1980 caused increased competition in the Less than a TruckLoad (LTL) industry. Non-union carriers quickly began taking advantage of their lower labor costs to gain market share. Most of the companies above were union carriers who were unable to compete, though a few were non-union carriers. The trend seems destined to continue until the LTL market is entirely composed of low cost non-union carriers.
---------------------------------------------------------------------------------------------

Remember the above list was compiled 14 years ago too!
:sadwavey:
 
Jaloc said:
Has any Teamster company survived after a decade of concessions? I have a bad feeling we will be the next CF a few supervisors who came from there said we're going down the same path.
Click to expand...

How many Teamster companies that were NOT on a wage giveback have survived to today?

PS - I asked you earlier why you said 401K's were a scam? You never answered me.
 
It's just a job. The only reason they employ you is because they need you. When the day comes they cease to operate there will be 29000 openings on the the job market. I will get one of those 29000 jobs and probably a raise to boot. There is life after YRC and will keep that in mind during the contract vote. This company needs to learn how to make money other than taking it from it's employees.
 
Freightmaster1 said:
LTL TRUCKING COMPANY BANKRUPTCIES & SHUTDOWNS
1980s

COMPANY HEADQUARTERS YEAR CEASED OPERATION NOTES
Admiral-Merchants Motor Freight Inc. St.Paul MN early 1980s only LTL operations closed
American Freight System Overland Park KS 1988 _
Bender & Loudon Motor Freight Akron OH 1989 _
Blue Line Express Nashua NH 1989 _
Boss-Linco Lines Inc. Buffalo NY 1982 _
Branch Motor Express New York, NY 1984 _
Brigg’s Transportation St. Paul MN 1984 _
Brown Express Inc San Antonio, TX 1988 subsidiary of U.S. Truck Lines
Campbell’s 66 Express Inc Springfield MO 1986 _
Central Transport Sterling Heights MI 1983 _
Central Truck Lines Inc. Tampa, FL 1989 subsidiary of U.S. Truck Line since 1965
Chippewa Motor Freight Inc. Eau Claire WI 1980 _
Clairmont Transfer Co. Escanaba MI 1985 _
Cleveland, Columbus, & Cincinnati Highway Inc. Cleveland OH 1988 subsidiary of U.S. Truck Lines
Commercial-Lovelace Motor Frieght Columbus OH 1985 _
Cooper-Jarrett Motor Freight Lines Inc. Orange NJ 1981 _
C.W. Transport Inc. Wisconsin Rapids WI 1988 _
Davidson Transfer & Storage Co. Baltimore, MD 1983 _
Eazor Express Pittsburgh PA 1983 _
Gateway Transportation La Crosse 1983 subsidiary of Maislin Brothers
Glendenning Motorways Inc. St. Paul MN 1983 _
Gordon’s Transports Inc Memphis TN 1983 _
Gross Common Carriers ?? late 1980s _
Hall’s Motor Transit Co. Harrisburg PA 1986 _
Hannibal-Quincy Truck Lines Inc. Quincy IL 1983 only LTL operations closed
Hemingway Transportation New Bedford MA 1982 _
Holmes Route USA Framingham MA? 1989 _
Horn’s Motor Express Inc. Chambersburg PA 1989 _
Illinois-California Express (ICX) Denver CO 1984 _
IML Freight Inc Salt Lake City,UT 1984 _
Intercity Transportation Easton MA 1980 _
Interstate Motor Freight System Grand Rapids, MI 1984 _
Johnson Motor Lines Charlotte NC 1980 _
Jones Motor Co Inc Spring City PA 1981 only LTL operations closed
Lee Way Motor Freight Inc. Oklahoma City OK 1985 _
Maislin Brothers Transport Ltd. La Salle, Que,CAN 1983 _
Mason & Dixon Lines Inc Kingsport TN 1984 _
McLean Trucking Co. Winston-Salem NC 1986 subsidiary of Meridian Express
Milne Truck Lines Inc Salt Lake City UT 1987 subsidiary of Sun Carriers Inc.
Motor Freight Express System York PA 1982 _
Murphy Motor Freight Lines Inc. St. Paul MN 1987 _
Mushroom Transportation Philadelphia PA 1986 _
Oneida Motor Freight Inc. Carlstadt NJ 1985 _
Pilot Freight Carriers Inc. Winston-Salem NC 1989 _
Quinn Freight Lines Brocton MA 1983 subsidiary of Maislin Brothers
Richmond Cartage Inc. ? 1983 subsidiary of Maislin Brothers
Rimes Trucking Co. Chardon OH early80s _
Ringsby Truck Lines Inc. Denver CO 1984 _
Smith’s Transfer Corp. Staunton VA 1988 purchased 1987 by American Freight System
Spector-Red Ball Dallas TX 1982 _
Sterling Transit Company Inc. Montebello CA 1989 _
Suburban Motor Freight Inc. Columbus OH 1987 _
System 99 Oakland CA 1987 _
Taynton’s Freight System Inc. Wellsboro PA 1985 _
T.I.M.E.-D.C. Inc. Lubbock TX 1988 _
Tose-Fowler Inc. Bridgeport PA 1989 _
Transport Motor Express Inc. Ft. Wayne IN 1980 _
Tucker Freight Lines South Bend IN 1983 _
Wilson Freight Co. Cincinnati OH 1980 _




LTL TRUCKING COMPANY BANKRUPTCIES & SHUTDOWNS
1990s

COMPANY HEADQUARTERS YEAR CEASED OPERATION NOTES
AAA Trenton NJ 1990 _
Allegheny Freight Lines Winchester VA 1990 _
ANR Advance Transportation Co. Milwaukee WI? 1998 _
Arrow Carrier Corp North Bergen NJ 1990 _
Atlanta Motor Lines Conley GA 1997 _
Bee Line Motor Freight Co. Omaha NE 1996 _
Be-Mac Transport Co St. Louis MO 1992 subsidiary of U.S. Truck Lines
Birmingham Nashville Express _ 1996 only LTL operations closed
Bowman Transportation Gadsden AL/Atlanta GA 1990 _
Brown Transport Corp. Atlanta GA/Charlotte NC 1990 Thurston Motor Lines bought 1987
Central Storage & Transfer Co. Harrisburg PA 1991 _
Charlton Brothers Hagerstown MD 1996 _
Churchill Truck Lines Inc Chillicothe MO 1994 _
Coles Express Inc. Bangor ME 1997 shut down, subsidiary of Roadway
Commercial Motor Freight Inc. of IN Indianapolis IN 1983 _
Edson Express Casper WY/Denver CO 1991 _
Fore-Way Express Inc. Wausau WI 1996 _
Friiedman’s Express Wilkes-Barre PA 1993 _
Holmes Freight Lines Omaha NE 1998 _
Hover Trucking Co. South Bend IN 1996 _
Hyman Freightways Inc. St. Paul MN 1997 _
Ideal Truck Lines Norton KS 1996 _
Inter-City Truck Lines Mississauga, Ont,CAN 1993 _
Interlink Freight Systems Toronto, Ont,CAN 1997 ex CP Express & Transport
Jones Truck Lines Inc. Springdale,AR 1991 subsidiary of Sun Carriers Inc.
Merchants Fast Motor Lines Inc Abilene TX 1997 _
Middlewest Freightways Inc. St. Louis MO 1992 acquired by Be-Mac 1992
Motorways Ltd Toronto, Ont,CAN 1993 subsidiary of Federal Industries
Nationsway Transport Services Commerce City CO 1999 _
North Penn Transfer Lansdale PA 1992 _
Penn Yan Express Penn Yan NY 1990 subsidiary of Consolidated Freightways
P.I.E. Nationwide Inc Jacksonville FL 1990 subsidiary of Olympia Holding Co.
Preston Trucking Inc. Preston MD 1999 _
Spartan Express Inc. Greer SC 1997 shut down, subsidiary of Roadway
Standard Trucking Co. Charlotte NC 1993 subsidiary of Sun Carriers Inc
St. Johnsbury Trucking Co Inc. St. Johnsbury VT 1993 subsidiary of Sun Carriers Inc.
Transcon Lines Los Angeles CA 1990 subsidiary of Olympia Holding Co.
Riss & Co. Inc Kansas City MO 1990 _
Willig Freight Lines San Francisco CA 1995 _




LTL TRUCKING COMPANY BANKRUPTCIES & SHUTDOWNS
2000s

COMPANY HEADQUARTERS YEAR CEASED OPERATION NOTES
A-P-A Transport Corp North Bergen NJ 2002 _
Alterman Transport Lines Opa Locka, FL 2003 _
Consolidated Freightways Corp. Vancouver WA 2002 _
Crescent Truck Lines Haywood CA 2003 _
Crouse Cartage Co. Carroll IA 2000 _
Guaranteed Overnite Delivery _ 2004 only LTL operations closed
H&W Motor Express Dubuque IA 2002 _
K&R Express Systems Blue Ridge IL 2004 _
Nussbaum Trucking Normal IL 2002 only LTL operations closed
Parker Motor Freight Grand Rapids MI 2004 _
Rudolf Express Bourbonais IL 2002 _
USF Red Star Newark NJ 2004 _




Deregulation of the trucking industry in the form of the Motor Carrier Act of 1980 caused increased competition in the Less than a TruckLoad (LTL) industry. Non-union carriers quickly began taking advantage of their lower labor costs to gain market share. Most of the companies above were union carriers who were unable to compete, though a few were non-union carriers. The trend seems destined to continue until the LTL market is entirely composed of low cost non-union carriers.
---------------------------------------------------------------------------------------------

Remember the above list was compiled 14 years ago too!
:sadwavey:
Click to expand...
I saw the same website you did. Very sad all those company's went south. But trucking has always been volatile, from stocks to marketplace. And over the years I think deregulation & competiton had more effect on union company’s closing their doors.
 
Freightmaster1 said:
LTL TRUCKING COMPANY BANKRUPTCIES & SHUTDOWNS
1980s

COMPANY HEADQUARTERS YEAR CEASED OPERATION NOTES
Admiral-Merchants Motor Freight Inc. St.Paul MN early 1980s only LTL operations closed
American Freight System Overland Park KS 1988 _
Bender & Loudon Motor Freight Akron OH 1989 _
Blue Line Express Nashua NH 1989 _
Boss-Linco Lines Inc. Buffalo NY 1982 _
Branch Motor Express New York, NY 1984 _
Brigg’s Transportation St. Paul MN 1984 _
Brown Express Inc San Antonio, TX 1988 subsidiary of U.S. Truck Lines
Campbell’s 66 Express Inc Springfield MO 1986 _
Central Transport Sterling Heights MI 1983 _
Central Truck Lines Inc. Tampa, FL 1989 subsidiary of U.S. Truck Line since 1965
Chippewa Motor Freight Inc. Eau Claire WI 1980 _
Clairmont Transfer Co. Escanaba MI 1985 _
Cleveland, Columbus, & Cincinnati Highway Inc. Cleveland OH 1988 subsidiary of U.S. Truck Lines
Commercial-Lovelace Motor Frieght Columbus OH 1985 _
Cooper-Jarrett Motor Freight Lines Inc. Orange NJ 1981 _
C.W. Transport Inc. Wisconsin Rapids WI 1988 _
Davidson Transfer & Storage Co. Baltimore, MD 1983 _
Eazor Express Pittsburgh PA 1983 _
Gateway Transportation La Crosse 1983 subsidiary of Maislin Brothers
Glendenning Motorways Inc. St. Paul MN 1983 _
Gordon’s Transports Inc Memphis TN 1983 _
Gross Common Carriers ?? late 1980s _
Hall’s Motor Transit Co. Harrisburg PA 1986 _
Hannibal-Quincy Truck Lines Inc. Quincy IL 1983 only LTL operations closed
Hemingway Transportation New Bedford MA 1982 _
Holmes Route USA Framingham MA? 1989 _
Horn’s Motor Express Inc. Chambersburg PA 1989 _
Illinois-California Express (ICX) Denver CO 1984 _
IML Freight Inc Salt Lake City,UT 1984 _
Intercity Transportation Easton MA 1980 _
Interstate Motor Freight System Grand Rapids, MI 1984 _
Johnson Motor Lines Charlotte NC 1980 _
Jones Motor Co Inc Spring City PA 1981 only LTL operations closed
Lee Way Motor Freight Inc. Oklahoma City OK 1985 _
Maislin Brothers Transport Ltd. La Salle, Que,CAN 1983 _
Mason & Dixon Lines Inc Kingsport TN 1984 _
McLean Trucking Co. Winston-Salem NC 1986 subsidiary of Meridian Express
Milne Truck Lines Inc Salt Lake City UT 1987 subsidiary of Sun Carriers Inc.
Motor Freight Express System York PA 1982 _
Murphy Motor Freight Lines Inc. St. Paul MN 1987 _
Mushroom Transportation Philadelphia PA 1986 _
Oneida Motor Freight Inc. Carlstadt NJ 1985 _
Pilot Freight Carriers Inc. Winston-Salem NC 1989 _
Quinn Freight Lines Brocton MA 1983 subsidiary of Maislin Brothers
Richmond Cartage Inc. ? 1983 subsidiary of Maislin Brothers
Rimes Trucking Co. Chardon OH early80s _
Ringsby Truck Lines Inc. Denver CO 1984 _
Smith’s Transfer Corp. Staunton VA 1988 purchased 1987 by American Freight System
Spector-Red Ball Dallas TX 1982 _
Sterling Transit Company Inc. Montebello CA 1989 _
Suburban Motor Freight Inc. Columbus OH 1987 _
System 99 Oakland CA 1987 _
Taynton’s Freight System Inc. Wellsboro PA 1985 _
T.I.M.E.-D.C. Inc. Lubbock TX 1988 _
Tose-Fowler Inc. Bridgeport PA 1989 _
Transport Motor Express Inc. Ft. Wayne IN 1980 _
Tucker Freight Lines South Bend IN 1983 _
Wilson Freight Co. Cincinnati OH 1980 _




LTL TRUCKING COMPANY BANKRUPTCIES & SHUTDOWNS
1990s

COMPANY HEADQUARTERS YEAR CEASED OPERATION NOTES
AAA Trenton NJ 1990 _
Allegheny Freight Lines Winchester VA 1990 _
ANR Advance Transportation Co. Milwaukee WI? 1998 _
Arrow Carrier Corp North Bergen NJ 1990 _
Atlanta Motor Lines Conley GA 1997 _
Bee Line Motor Freight Co. Omaha NE 1996 _
Be-Mac Transport Co St. Louis MO 1992 subsidiary of U.S. Truck Lines
Birmingham Nashville Express _ 1996 only LTL operations closed
Bowman Transportation Gadsden AL/Atlanta GA 1990 _
Brown Transport Corp. Atlanta GA/Charlotte NC 1990 Thurston Motor Lines bought 1987
Central Storage & Transfer Co. Harrisburg PA 1991 _
Charlton Brothers Hagerstown MD 1996 _
Churchill Truck Lines Inc Chillicothe MO 1994 _
Coles Express Inc. Bangor ME 1997 shut down, subsidiary of Roadway
Commercial Motor Freight Inc. of IN Indianapolis IN 1983 _
Edson Express Casper WY/Denver CO 1991 _
Fore-Way Express Inc. Wausau WI 1996 _
Friiedman’s Express Wilkes-Barre PA 1993 _
Holmes Freight Lines Omaha NE 1998 _
Hover Trucking Co. South Bend IN 1996 _
Hyman Freightways Inc. St. Paul MN 1997 _
Ideal Truck Lines Norton KS 1996 _
Inter-City Truck Lines Mississauga, Ont,CAN 1993 _
Interlink Freight Systems Toronto, Ont,CAN 1997 ex CP Express & Transport
Jones Truck Lines Inc. Springdale,AR 1991 subsidiary of Sun Carriers Inc.
Merchants Fast Motor Lines Inc Abilene TX 1997 _
Middlewest Freightways Inc. St. Louis MO 1992 acquired by Be-Mac 1992
Motorways Ltd Toronto, Ont,CAN 1993 subsidiary of Federal Industries
Nationsway Transport Services Commerce City CO 1999 _
North Penn Transfer Lansdale PA 1992 _
Penn Yan Express Penn Yan NY 1990 subsidiary of Consolidated Freightways
P.I.E. Nationwide Inc Jacksonville FL 1990 subsidiary of Olympia Holding Co.
Preston Trucking Inc. Preston MD 1999 _
Spartan Express Inc. Greer SC 1997 shut down, subsidiary of Roadway
Standard Trucking Co. Charlotte NC 1993 subsidiary of Sun Carriers Inc
St. Johnsbury Trucking Co Inc. St. Johnsbury VT 1993 subsidiary of Sun Carriers Inc.
Transcon Lines Los Angeles CA 1990 subsidiary of Olympia Holding Co.
Riss & Co. Inc Kansas City MO 1990 _
Willig Freight Lines San Francisco CA 1995 _




LTL TRUCKING COMPANY BANKRUPTCIES & SHUTDOWNS
2000s

COMPANY HEADQUARTERS YEAR CEASED OPERATION NOTES
A-P-A Transport Corp North Bergen NJ 2002 _
Alterman Transport Lines Opa Locka, FL 2003 _
Consolidated Freightways Corp. Vancouver WA 2002 _
Crescent Truck Lines Haywood CA 2003 _
Crouse Cartage Co. Carroll IA 2000 _
Guaranteed Overnite Delivery _ 2004 only LTL operations closed
H&W Motor Express Dubuque IA 2002 _
K&R Express Systems Blue Ridge IL 2004 _
Nussbaum Trucking Normal IL 2002 only LTL operations closed
Parker Motor Freight Grand Rapids MI 2004 _
Rudolf Express Bourbonais IL 2002 _
USF Red Star Newark NJ 2004 _




Deregulation of the trucking industry in the form of the Motor Carrier Act of 1980 caused increased competition in the Less than a TruckLoad (LTL) industry. Non-union carriers quickly began taking advantage of their lower labor costs to gain market share. Most of the companies above were union carriers who were unable to compete, though a few were non-union carriers. The trend seems destined to continue until the LTL market is entirely composed of low cost non-union carriers.
---------------------------------------------------------------------------------------------

Remember the above list was compiled 14 years ago too!
:sadwavey:
Click to expand...
Freightmaster that list is quite the rabbit you pulled out of your hat. It appears you have a warehouse full of information at your finger tips. For the benefit of YRC and UPS Freight, PKG. Could you provide the total hourly compensation of those union companies plus the total hourlycompensation for FEDEX Freight, Ground and Air. I think the results would be enlightening.
 
Try'n Hard said:
It's just a job. The only reason they employ you is because they need you. When the day comes they cease to operate there will be 29000 openings on the the job market. I will get one of those 29000 jobs and probably a raise to boot. There is life after YRC and will keep that in mind during the contract vote. This company needs to learn how to make money other than taking it from it's employees.
Click to expand...

I would rather get the new position now. When that eventually hits the fan you’ll have A lot of seniority and no stress of looking for a job competing with 29000 other drivers. Bet people at blockbuster never thought their jobs would disappear. The way these other LTL’s are doing stuff I don’t know if outdated YRC can stay alive. OD has actually yards in places where other LTL’s have dirt lots as their meet point. These were dirt lots for OD turned into paved yards some mini terminals over the last 7 years.
 
Triplex said:
How many Teamster companies that were NOT on a wage giveback have survived to today?

PS - I asked you earlier why you said 401K's were a scam? You never answered me.
Click to expand...
In my experience most people are not disciplined enough to save invest on their own I don't know anybody who is blue collar below upper management executive level who is actually able to retire with a 401scam you can't save enough money. It is scam in a way whatever you invest they charge a fee what is it like one percent but think over 30-40yrs how much have they stolen from you. All my parent's friends without pensions live in a little one bedroom apartment going to the food pantry and free Stroger Hospital you can't make it in Chicago on just social security. Everyone forgets how good the benefits used to be my grandfather when he retired from Illinois Bell in 1984 had a pension with cola and company paid health insurance PPO through retirement now it seems like you just work until you die.
 
mud said:
The Teamsters Union is no longer interested in LTL trucking, and apparently the Mafia is no longer interested in the Teamsters Union.
Click to expand...
Did Eric Holder collude with the "Chicago Outfit" for $300K?

https://canadafreepress.com/article/did-eric-holder-collude-with-the-chicago-outfit-for-300k

The Casino was a classic episode of "Chicago stories"

The fellas from Rosemont had Blago with a pen in hand ready to sign anything.Feeling confident they got sloppy and listed names on the investors papers that were blatant..sisters with the same last name etc.

This being Chicago and the Italians about to score, guess who showed up ? If you guessed the Irish you win ! They wanted their piece that they felt entitled to and the Paisoni sat down with them but no agreement could be reached due to the famous tempers of both sides starting a fuch you contest early in the negotiation.

The biggest Irish boss had a relative who was the A.G. and he took her leash off.

The investors list was made real public and the gaming board had to react.

All those involved are well known in Chicago politics/OC, some are dead and some are spoken about on this blog today.(I have Italian/Irish blood and genetically can't recall names.)

Nobody went to jail or got killed but there are hard feelings to this day. This was another example of Blago going off the reservation in the Irish eyes and was used as another nail in the coffin when the "G" was asked for a favor.

The Old man had plans to turn Rosemont into a mini Las Vegas and many believe he would have, ever wonder why there are a million hotel rooms out there? Both sides would have made money by the truckload but greed and Chicago's most famous ethnic rivalry killed the goose before the first egg was laid.

Central States Pension Fund headquarters
9377 W Higgins Rd, Rosemont, IL 60018
 
Jaloc said:
In my experience most people are not disciplined enough to save invest on their own I don't know anybody who is blue collar below upper management executive level who is actually able to retire with a 401scam you can't save enough money. It is scam in a way whatever you invest they charge a fee what is it like one percent but think over 30-40yrs how much have they stolen from you. All my parent's friends without pensions live in a little one bedroom apartment going to the food pantry and free Stroger Hospital you can't make it in Chicago on just social security. Everyone forgets how good the benefits used to be my grandfather when he retired from Illinois Bell in 1984 had a pension with cola and company paid health insurance PPO through retirement now it seems like you just work until you die.
Click to expand...

You are comparing to a time when healthcare was affordable and life expectancy was low. I plan for a 30 year retirement.

That is just under one third of my lifetime.

Process that.

When I became a Teamster, average life expectancy in retirement was 13 checks.

Process that.

I have only been seriously putting money in my 401k for 21 years. Between my better half and I, we will have saved enough to more than double our projected pension benefit.

Process that.

It’s not a scam if one understands the game and becomes aware of basic investment strategies.

‘Knowledge is Power.’

It’s there every time you read one of my posts.
 
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