YRC Worldwide's (YRCW) CEO James Welch on Q2 2017 Results - Earnings Call Transcript

Discussion in 'YRC Freight' started by Freightmaster1, Aug 4, 2017.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

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    https://seekingalpha.com/article/40...-results-earnings-call-transcript?part=single

    I would also like to provide an update on 2 of our strategic initiatives. First, during Q2 2017, YRC Freight achieved the year-over-year productivity improvement in our second largest bucket, which is pickup and delivery operations.
    It's the sixth consecutive quarter of year-over-year improvement, and we expect to gain additional traction with the full implementation of our optimization solution, Quintiq, that is currently running approximately 50 of our 260 terminals.

    The system provides greater visibility to driver routes, driver our position, trailer capacity and driver communication, which leads to a more efficient delivery and pickup service to our customers. Additional terminals will continue to be upgraded with full implementation expected in 2018.

    Second, as the supply chain changes at a rapid pace, shippers expect faster transit times with steady and reliable service. To evolve with our customers, we are working through a large and impactful change of operations to transition 8 YRC Freight terminals into regional distribution centers that will serve as quick sort operations within our network.

    Specifically, we will begin utilizing more than 800 existing terminal as distribution center where we can transfer freight and add capacity at key points within our network. We are also planning to implement the use of utility employees that will be able to perform multiple job functions.

    This is a very significant structural upgrade to our network and we expect these changes to enhance productivity and add to our ongoing line haul strategy of creating density and reducing miles through shipment 5 optimization. The anticipated implementation date of these changes is early October and once completed the number of distribution centers in our network will increase from 23 to 31.

    :funky:
     
  2. wongway

    wongway -15% Pay & Broke Pension Fund

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    8 YRC Freight terminals into regional distribution centers that will serve as quick sort operations within our network.??? Quick Sort ??? AMAZON crap freight or is Amazon buying yrcw ??
     
  3. BIG R GUY

    BIG R GUY COOP Dispatch GPS Division

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  4. dreambecamenightmare

    dreambecamenightmare Active Member

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    I think he deserves a 10 million dollar bonus. Don't you?
     
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  5. SamHouston

    SamHouston Member

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    That's a nice spin on earnings that are down from a year ago and refinancing $600+ million at an interest rate over 10%. David Koresh could not have said it better. Where's the Kool-Aid?
     
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  6. Elwood

    Elwood Question Authority

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    I know Koresh is a Texas thing, but Jim Jones has the corner on Kool-Aid.....
    https://en.wikipedia.org/wiki/Jim_Jones
     
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  7. Wrench97

    Wrench97 Well-Known Member

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    Last I heard we have nowhere near 800 terminals?????
     
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  8. dreambecamenightmare

    dreambecamenightmare Active Member

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    He said we were adding 800 doors to distribution centers. Word game changing eol' to D.C. Status.
     
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  9. bigtruk_us

    bigtruk_us Well-Known Member

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  10. BIG R GUY

    BIG R GUY COOP Dispatch GPS Division

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    I guess this Quintiq is actually a shell company, , based in the Caymans,and listed under leased properties of YRC, as sublessors for technology and equipment .
     
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  11. bigtruk_us

    bigtruk_us Well-Known Member

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    You might be joking but you never know about the YRCW critters
     
  12. falconfan

    falconfan Well-Known Member

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    I guess I'm the dummy, it all sounds pretty good to me.
     
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