SAIA LTL FREIGHT

Discussion in 'New Penn' started by runawaytrain, Mar 12, 2017.

  1. runawaytrain

    runawaytrain Wear their scorn with pride.

    Messages:
    6,479
    Likes Received:
    1,929
    Trophy Points:
    113
    Do you guys think that with SAIA coming to town it will have any impact on your business?
     
  2. Keepingon

    Keepingon Well-Known Member

    Messages:
    2,440
    Likes Received:
    2,529
    Trophy Points:
    113
    No more than its going to effect every other company. Are you asking that question in every forum?
     
  3. rainman220

    rainman220 Active Member

    Messages:
    348
    Likes Received:
    69
    Trophy Points:
    28
    Probably won't effect our regional freight levels.since Saia is covering the whole northeats. But may have an effect on freight we have moving to Holland.
     
    Snark Monkey likes this.
  4. runawaytrain

    runawaytrain Wear their scorn with pride.

    Messages:
    6,479
    Likes Received:
    1,929
    Trophy Points:
    113
    Not really. I chose New Penn because some of your guys chose to jump ship to SAIA. I don't think it will have much of an impact on your business. Plenty of freight to go around. Why do you think some jumped ship? New Penn appears to be a great company.
     
  5. Keepingon

    Keepingon Well-Known Member

    Messages:
    2,440
    Likes Received:
    2,529
    Trophy Points:
    113
    I know of three at Managment level one is going to be the TM for SAIA in Newark good guy knows his stuff will do a good job sorry to see him go. Newton is supposed to be something along the lines of a regional director I beleive, he is no loss. As to why they jumped ship I can't say for sure They were all with New Penn before Yellow bought it I would think it is harder for them to work for YRC as managment than it is to work for them as a driver. At least we have our managment as a buffer between us and them.
     
  6. old trucking

    old trucking New Member

    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    1
    New Penn not the same newton was a good vp and cared about his people Scott had operational experience and will do well .
     
  7. slavenomore

    slavenomore US Gov Hears Foreign Corps More Than Nonunions

    Messages:
    7,586
    Likes Received:
    1,476
    Trophy Points:
    113
    You might affect YRC.....not New Penn. And you'll probably affect the nonunion companies you interline with...I'd think you're gonna cut them.....Pitt-Ohio or whoever you interline with.........hauling all that Uline and paying for it...and losing you if you interline with them...might just be good for us,it might sink them.....if you interline with them.
     
    Snark Monkey and Skinnytrucker like this.
  8. maspethoriginal

    maspethoriginal New Member

    Messages:
    13
    Likes Received:
    0
    Trophy Points:
    1




    depends were you work.. here at NY its a nightmare trucks aren't being loading right stops in nose and all over truck.... long working hours being harassed on a daily basis unprofessional dispatch with no experience or respect for drivers... they don't know distances.. how far east rockaways is from rockaway they send you out with 48 foot trailer for delivery and don't use you to pick up a full load at a customer.. lol bring you back empty or sends you to a stop that you cant safely get in to new penn isn't a good company it could be if they make changers to operations and mangerment
     
    Last edited: Nov 4, 2017
  9. maspethoriginal

    maspethoriginal New Member

    Messages:
    13
    Likes Received:
    0
    Trophy Points:
    1
    saia sounds good money and benifets.... but need a union a good union that will fight for us or it will be come like all the others out there xpo,, duie ,od
     
  10. slavenomore

    slavenomore US Gov Hears Foreign Corps More Than Nonunions

    Messages:
    7,586
    Likes Received:
    1,476
    Trophy Points:
    113
    Management is getting pushed. Nobody stays so the ones who actually know their job get pushed even harder.....and the compensation ain't there so they leave too.

    Our best dispatch is leaving. The most experienced one who knows the business and the union rules. Came from Red Star. Most respected by union guys...Knows the area. Knows how to run it.....now going to SAIA...If I had any say in his leaving or staying I'd cut The 3rd shift dock boss from YRC's salary in half and give it to him....and cut the weights and measures position and give that too him too............I could care less if they read this either...I'm in that kind of mood.This place can't handle too much more negative change....
    Allentown is opening soon or is hiring a lot now......Long lines for road tests is what I heard......I'm not leaving for a nonunion job....Been there done that....Not doing it again unless I'd absolutely have too..Less than 3 years till my youngest is out of school......Hoping it lasts till then at least.
    Just delivered to one of the nonunion cement haulers this week....an old timer was there who came along right after the nonunions put all the union cement haulers out.....and they are all nonunion now...we talked about a company named Rollin Johnson coming along and undercutting and taking all the young guys with his big shiny red chrome wheeled Peterbilts....and then taking a whole lot of business....and taking the pay down and the benefits away..........and now he is gone...and the cement business pays nothing....Might as well work at mcDonalds instead of haul cement.......that's the direction LTL is headed most probably unless some kind of extreme change occurs.
     
    Last edited: Nov 4, 2017
    so-fla-br and troubleman84 like this.
  11. maspethoriginal

    maspethoriginal New Member

    Messages:
    13
    Likes Received:
    0
    Trophy Points:
    1


    newton {no he wasn't a good manger sent us home all the time in Maspeth 3 years in a row worried about his bonus at end of year
     
  12. Keepingon

    Keepingon Well-Known Member

    Messages:
    2,440
    Likes Received:
    2,529
    Trophy Points:
    113
    Maybe you didn’t like him for that reason but the place ran better with him than it does now.
     
  13. maspethoriginal

    maspethoriginal New Member

    Messages:
    13
    Likes Received:
    0
    Trophy Points:
    1
    YRC WorldWide - Could Further Consolidation Lead To A Buyout By UPS?
    Jul. 4.16 | About: YRC Worldwide, (YRCW)

    [​IMG]
    James Sands


    Long only, transportation, Growth, portfolio strategy

    Marketplace

    Transports In Focus

    (2,035 followers)
    Summary
    YRC Worldwide is focused on improving profitability and adjusted EBITDA, which will lead to future cash flow growth.

    The company is still in the early stages of its "focused operational execution runway" which extends through March 2019.

    For LTL, UPS has recently been surpassed by Old Dominion Freight, is moving opposite FedEx and now has ArcBest Corporation making ground.

    With over $6.2 billion in cash and cash equivalents, an improving YRC Worldwide may become enticing as a deal could be made around $1.5 billion.

    Such a move would immediately propel UPS to the number one spot for LTL, leaving a strong cash balance and only incrementally increasing leverage by 6 percent.

    Execution Has Led To Tangible Results

    YRC Worldwide (NASDAQ:YRCW) is focused on turning the business to profitability and improved adjusted earnings before interest, taxes and depreciation and amortization (EBITDA) over the next few years. During 2016, the company is estimated to be profitable and is anticipated to grow diluted earnings per share (EPS) robustly during 2017.

    The company has taken tangible steps through debt consolidation, a memorandum of understanding, MOU agreement with the company's unionized labor, revenue equipment and facility and software investments and improved yield management to benefit adjusted EBITDA, which is expected to translate to the next three quarters leading to positive diluted EPS.

    These strategies have already led to improvements as YRC Worldwide generated over $150 million in operating cash flow during the trailing twelve-month (TTM) period, has nearly doubled its capex equivalent spend to 5 percent of revenue and just recently was able to amend the terms of its Asset Based Loan (ABL) Facility.
     
  14. slavenomore

    slavenomore US Gov Hears Foreign Corps More Than Nonunions

    Messages:
    7,586
    Likes Received:
    1,476
    Trophy Points:
    113
    I boldprinted that cash flow statement.......they pay to haul freight which pays early...just for cash flow. It costs money to haul it....and makes none...but it is cash flow because they pay earlier than other customers....It loses money not makes it.
     
  15. ABFer

    ABFer Super Moderator Staff Member

    Messages:
    18,724
    Likes Received:
    10,825
    Trophy Points:
    113
    I bolded the date of the article.
     
  16. Puff Driver

    Puff Driver Active Member

    Messages:
    181
    Likes Received:
    33
    Trophy Points:
    28
    Interesting today in LTL business the union carriers are doing the undercutting .. In a great economy they have to do this......

    My how things have changed...
     
  17. slavenomore

    slavenomore US Gov Hears Foreign Corps More Than Nonunions

    Messages:
    7,586
    Likes Received:
    1,476
    Trophy Points:
    113
    It's all about the banks. it's always been about the banks................they used to enslave the nons and independents with their loans to build their businesses.....until they could enslave everyone. Which they have done.....and somehow you celebrate......standing their alone and loving it..What you love is that the banks enslave the whole industry. You must love it. There's no fighing it without numbers...and the numbers who won't join only help the banks....debt debt debt......A deal with the devil doing nothing for the industry.....only for the banks.

    We're not the only ones paying to haul freight....Pitt-Ohio....XPO........One day we'll see the damage they are doing by paying to haul all the freight they haul.....and Pitt-Ohio is paying way more than most imo.
     
  18. Cab Lizzard

    Cab Lizzard Well-Known Member

    Messages:
    3,434
    Likes Received:
    1,301
    Trophy Points:
    113
    Could it be just like the O/O who runs anything they can get just to keep a positive cash flow ?
    A couple of bad revenue days and your in the RED and can't cover your cost's.
    I call it one step ahead of the bank and you will loose .
     
    slavenomore likes this.
  19. Puff Driver

    Puff Driver Active Member

    Messages:
    181
    Likes Received:
    33
    Trophy Points:
    28
    Interesting, I own a business and I am debt free. No bank forced me to do anything.
    Do banks force companies to borrow money??
    I think you need to try owning a business, you may learn a great deal.....
     
  20. slavenomore

    slavenomore US Gov Hears Foreign Corps More Than Nonunions

    Messages:
    7,586
    Likes Received:
    1,476
    Trophy Points:
    113
    I DON"T CARE WHAT YOU THINK....stick that in your pipe and smoke it.
     

Share This Page