What's new

Yellow | Murphy and O'Brien Respond To Yellow's Captive Propaganda Meetings Which Started Monday!

Stimpy said:
I am going to stay out of the yeller change.... as I have moved on and not have first hand info like I did when I worked for Holland.

These yeller Teamster's have a lot going on with them right now. And I'm not going to come across as some company expert who knows everything about the company.

I had opinions.... and feelings of how I was treated by management.... I was happy and complacent till central and local home management started being bullies.... harassing.

I have moved on. Not regretting starting over again.
Click to expand...
I did the same, only hope for the best for everyone at yellow, people seem to forget, all these folks have families who are impacted, hopefully it all works out, like you stimpy,I stay our of it,just a shame to watch it unfold,
 
Stimpy said:
I am going to stay out of the yeller change.... as I have moved on and not have first hand info like I did when I worked for Holland.

These yeller Teamster's have a lot going on with them right now. And I'm not going to come across as some company expert who knows everything about the company.

I had opinions.... and feelings of how I was treated by management.... I was happy and complacent till central and local home management started being bullies.... harassing.

I have moved on. Not regretting starting over again.
Click to expand...
What barn did you work out of ? Where did you go ?
 
Streaker69 said:
Yellow is not profitable to anyone. They can't get credit and they're investors want to see cuts. If they were making money, they'd make no statements publicly.

If Yellow closes their doors, everything it owns gets sold to satisfy that 1.6B debt they owe and the biggest problem here is that nobody is clamoring to get into the trucking industry. The profit margins are slim and it's overly regulated, meaning they'd be lucky to break even.
Click to expand...
Oh they’re profitable to the bankers holding the paper. 7 percent a quarter. That billion dollar debt has been paid many times over. It’s time now to blowout the company so they can default on the government loan. What makes you think that the millions wasted on rebranding wasn’t done by some connected individual, or any other of their idiotic directives that left the workers wondering what in the hell are they doing? By design! As an added bonus Jello is responsible for killing off the majority of unionized ltl freight in this country. Don’t kid yourselves, this companies done.
 
Vwaggs said:
Because of the numbers. A streamlined company not focusing on profit of it's high level employees with 100's of millions in bonus payments and using any efficiencies to gradually pay down long term debt $1, 538,000,000 @ 17% interest, along with being able to cut another $50 million in what I tend to view as management waste. Assuming we recognize we are self employed and we use efficiencies to restore our pensions, As the common stock is now in deficit, if we can get the government and Teamsters to vote in our favor, we can likely "bail out" the remaining stock holders, 140 some of them, to get a vote to sell the company. Assumoing it became a Union member owned company, the investment would be about $10,000 per employee to buy 100% of the company, the assets would offset the debt. If we, as owners treated out company as owners, we would get paid fairly as a reward for improving service and getting more customers, thus more revenue. Would you invest $10,000 to protect your yearly wages, get reasonable raises and have your pension restored, now that Central States and other pensio funds have been bailed out. It owuld also give us the option to vote a different union or pension fund setup that doesn't lose a majority of it's money through bad investment and overhead fees.
As of June 30, 2022, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was $104.0 million based on the closing
price as reported on the NASDAQ Global Select Market.
Outstanding at February 6, 2023
Common Stock, $0.01 par value per share 51,808,732 shares. Face value of the shares outstanding $518,087.32. Amount owned by shareholders - Federal Gov't $129,522 face value
Click to expand...
Interesting proposal for us to buy the company I only see one problem customers won’t want anything to do with shipping with us.the customers have moved on to other carriers that give them good service and will stay with them as they should
 
You must log in or register to reply here.
Top