YRC contract

Discussion in 'Standard Forwarding' started by STDF.MSP.honestlogs, Apr 22, 2015.

  1. STDF.MSP.honestlogs

    STDF.MSP.honestlogs Member

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    Yellow freight bought Roadway Express in Dec. 2003, and USF Holland in 2005. Also in 2005 they bought half of a Chinese freight forwarder. August, 2008 they bought 65% of a Chinese logistics company. They bought all these companies with borrowed money and almost went bankrupt in 2010. They still carry a huge debt load.
    We know about the dark times 2010 were in the freight business. When STDF Teamsters ratified our concessionairy contract Standard started making profit of 12 cents for every dollar of revenue. 6 or 7 cents is considered very good. Tim Conrad VP of sales at the time was giddy he was so happy.
    June 1, 2011 John Ward and his management team sold the company to DHL a multinational corp. with over 450,000 and over €50 billion in revenue. Since I can find nothing to the contrary they probably carry a normal business debt load. Yet they can't afford to pay as well as highly leveraged YRC Corp.

    Contracts compared

    YRC and Holland
    $.52 per mile
    $21.04 per hour
    Overtime after 8 hours
    5 paid sick days
    10 holidays
    C-6 health and welfare about $15 per week more than our M-9 plan
    YRC only pays 25% on the class 18 pension around $78 per week

    STDF
    $.466 per mile
    $19.04 per hour
    Overtime after 40 hours
    3 paid sick days
    8 holidays
    M-9 health and welfare at about $300 per week
    STDF pays $152.50 per week increasing 4% to $158.60 for the class 16 pension

    Broke ass YRC can pay better and make a profit
    Financially solid DHL wants to keep our money in their pocket

    When DHL bought STDF they said they wanted to be nationwide in 3 to 5 years
    Then they revised that to we want to improve our footprint in the territory we already service.
    This company has not grown in 4 years and is run the same way today as it was before DHL.

    Something for us to think about this weekend when the tentative agreement is revealed.

    I'm tired of being treated like a used condom because I want what is fair.
     
    the5tolls likes this.
  2. STDF.MSP.honestlogs

    STDF.MSP.honestlogs Member

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    I forgot YRC line haul gets 1/52 for vacation pay
    City P & D get 45 hours pay
     
  3. BIG R GUY

    BIG R GUY Last, bag standing

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    Actually vacation 40 hours across the board now ( another agreement in last vote), and scale is 22.56 in Chicago area. All your other info is pretty accurate. Also we do not pay any Premiums for Health insurance. That is the one thing that has been left alone
     
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  4. the5tolls

    the5tolls I hope we make it to 19....got my NO ready

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    I thought they switched it to one fifty sixth or one fifty eighth or something like that in the last MOU? I am almost positive it is not forty hours.
     
  5. the5tolls

    the5tolls I hope we make it to 19....got my NO ready

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    Paid Vacation: Vacation currently paid at more than forty (40) hours will be paid at forty (40) hours as follows: forty (40) hours for vacation earned in 2014; forty (40) hours for vacation earned in 2015; forty (40) hours for vacation earned in 2016; forty-two and one half (42.5) hours for vacation earned in 2017; and forty-five (45) hours for vacation earned in 2018. Vacation currently calculated at 1/52 will be based on 1/58 in 2014; 1/58 in 2015; 1/58 in 2016; 1/55 in 2017; and 1/52 in 2018.

    I guess it depends if you are city or road driver.
     

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