Yellow | Yellow has to have the worst management in history.

[hollandman73]

And the stage is being set for no increases in pay or pension in 2019....."Were broke--Vote YES or we will CLOSE!" All Yrcw does is put pressure on the remaining Union carriers....hard for them to compete against a company that pays $5-$6/hr less and hardly anything to the pension.

 

[falconfan]

And the stage is being set for no increases in pay or pension in 2019....."Were broke--Vote YES or we will CLOSE!" All Yrcw does is put pressure on the remaining Union carriers....hard for them to compete against a company that pays $5-$6/hr less and hardly anything to the pension.

We will get pay increases,just not what everyone thinks we should get.Again,the company contributes 385 per week and no non union carriers pay close to that.The pension contributions cost the company more than the non union companies pay for their 401 k.
If all that mattered was hourly wage we would all be trying to get on with a non union LTL.

 

[511monkey]

For those still hoping for improved wages in the future I think you need to put a little more effort into understanding executive-speak. When an executive compares his turnover to a sector of the industry with notoriously high turnover (essentially100%) it means he has no intention of addressing that issue until it gets much, much worse. Furthermore, if an execute says that the action they have taken is sufficient at most locations, and that throwing more money at the remaining locations won’t make a difference anyway, you can be sure they are going to resist raising pay. Their statements also convey that favorable market conditions will allow them to raise prices as the number of hourly drivers declines and the cost of purchased transportation increases.

You are a bargain they have no intention of surrendering.

 

[Freight Maniac]

I’m not saying the company is in great shape but being a realist it’s hard to compete with non union labor.We don’t have to do nearly as much work as non union employees.We have thousands of rank and file that take advantage of our protections and work rules,if they choose to be consistently non productive,they can and will.We all know you couldn’t go to a non union carrier and perform like that. Most of the nons are on a 70 in 8. I talk to non union city drivers that work 65 to 67 hours Monday through Friday. We are on a 60 in 7 which is a good thing but we are so behind they offer Saturday work but we can’t work it because the union doesn’t recognize the 34 hour reset. ALL non union LTL have a 34 hour reset.

Back to the numbers,YRC operated at a 98.7 year ending with over 3 billion in revenue.
1.7% of 3 billion is 51 million they made off the freight they hauled.

Regionals operated at a 96.3 year ending with app.1.9 billion in revenue.
3.7% of 1.8 billion is 66 million they made off of the freight they hauled.

Collectively as a company that’s + 117 million.
I’m not pretending to understand the quarterly result statements,heck some of that crap I’m reading with my jaw dropped and mouth open( kinda like I’m watching jeopardy).

What I do understand is they paid 25 million towards the CDA.

They spent 103 million towards capital expenditures ( mostly equipment).

They paid 84.2 million towards debt in 2017.

We know they pay 90 million per year towards interest to our lenders.

For me,hats off to James Welch, I hope he has at least put us on life support for another 5 or 10 years.If we don’t make it..it will be because we voted ourselves out of a job IMO.
I’m hoping for a good year so there is room for some hourly increases and per mile increases in next contract.

We operate on a 34 hour reset at Upsf

 

[Lnhl drvr]

And the stage is being set for no increases in pay or pension in 2019....."Were broke--Vote YES or we will CLOSE!" All Yrcw does is put pressure on the remaining Union carriers....hard for them to compete against a company that pays $5-$6/hr less and hardly anything to the pension.

as far as I know UPS is hiring... don't let the doors hit you on ass