Gave you a "LOVE" for this post. Not that I agree with it, just that it is well written. You ABF guys sure are touchy. After months of coming in here bashing Yellow a one sentence post questioning the wisdom of the generous recent ABF contract sets off a :::
::: storm.
I don’t recall that I ever “bashed” Yellow in any way. I have bashed the management of Yellow starting with Zollars. Over paying for other companies with borrowed money just to be the biggest is a recipe for disaster IMO. He not only brought down Yellow, but Roadway, Holland, New Penn, Reddaway, and all of their subsidiaries as well.
The current, second quarter operating ratio for ABF was indeed higher than the previous years second quarter, but I don’t recall any of the major LTL carriers having an equal or better second quarter this year over last year.
2021’s and 2022’s numbers were record numbers for pretty much every LTL carrier, except for the Yellow companies due to all the debt that Zollars had saddled them with and the poor decisions made by the following management trying to get out of debt.
And, as a comparison, for the years of 2018, 2019 and 2020, ABF’s Operating Income for each of those years were around the 95 OR range and the $100-million mark in Operating Income.
So far, in just the first two quarters of 2023, the OR is averaging around a 93.6 and the Operating Income is around $91-Million with two quarters to go this year.
So, I hardly think that the ”sky is falling“ just yet on ABF.
But, stranger things have happened!!!