nothumbleenough
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Lots of items are subject to debate such as will YRC purchase ABF? How would the details be worked out in such an attempt like seniority or closed terminals? Will ABF even come back to the table considering the months it took to negotiate this contract. Or is ABF just bluffing and ready to immediately counter-offer any such rejection. No one can say without "speculating" how all of this will work out. But there is one "fact" every single Teamster must consider before voting for or against this contract.
ABF is losing money. The numbers are public and the information is easily attainable. Since 2008, ABF has lost (net income) -133 Million. It lost 7.73 Million in 2012. ABFS Annual Income Statement - Arkansas Best Corp. Annual Financials
Its competition is doing much better.
Old Dominion has made (net income) 488 Million in the last five years. 140 Million in 2011 and 170 Million in 2012. ODFL Annual Income Statement - Old Dominion Freight Line Inc. Annual Financials
Conway has made (net income) 146 Million in the last five years. 104 Million of that was earned last year. CNW Annual Income Statement - Con-way Inc. Annual Financials
Fedex Freight, the largest LTL had record revenues in excess of 5.2 Billion while earning 162 Million in 2012. please review page 22 on http://fedexannualreport2012.hwaxis.com/Files/FedEx_Annual_Report_2012.pdf
Our former partner in the NMFA, YRC has lost 2.44 Billion the last five years. However, its losses have narrowed to only 140 million in 2012. I can't explain how this company is still in business but it is clearly a competitor of ABF and its position as the low-cost freight hauler has significantly impacted price recovery for every LTL. YRCW Annual Income Statement - YRC Worldwide Inc. Annual Financials
The trends are noticeable if we can see past our personal biases. If ABF doesn't get some sort of concession on a five year contract, it will be forced into another direction that will lead to dramatic cost cutting so it can be a profitable company again. Please review the sources on everyone of my links. This is a very difficult decision for everyone. Good Luck!
ABF is losing money. The numbers are public and the information is easily attainable. Since 2008, ABF has lost (net income) -133 Million. It lost 7.73 Million in 2012. ABFS Annual Income Statement - Arkansas Best Corp. Annual Financials
Its competition is doing much better.
Old Dominion has made (net income) 488 Million in the last five years. 140 Million in 2011 and 170 Million in 2012. ODFL Annual Income Statement - Old Dominion Freight Line Inc. Annual Financials
Conway has made (net income) 146 Million in the last five years. 104 Million of that was earned last year. CNW Annual Income Statement - Con-way Inc. Annual Financials
Fedex Freight, the largest LTL had record revenues in excess of 5.2 Billion while earning 162 Million in 2012. please review page 22 on http://fedexannualreport2012.hwaxis.com/Files/FedEx_Annual_Report_2012.pdf
Our former partner in the NMFA, YRC has lost 2.44 Billion the last five years. However, its losses have narrowed to only 140 million in 2012. I can't explain how this company is still in business but it is clearly a competitor of ABF and its position as the low-cost freight hauler has significantly impacted price recovery for every LTL. YRCW Annual Income Statement - YRC Worldwide Inc. Annual Financials
The trends are noticeable if we can see past our personal biases. If ABF doesn't get some sort of concession on a five year contract, it will be forced into another direction that will lead to dramatic cost cutting so it can be a profitable company again. Please review the sources on everyone of my links. This is a very difficult decision for everyone. Good Luck!