YRC Worldwide's (YRCW) CEO James Welch on Q4 2017 Results - Earnings Call Transcript

Discussion in 'YRC Freight' started by Freightmaster1, Feb 2, 2018.

  1. the5tolls

    the5tolls Pay the rate or lock the gate

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    I have always been of the belief that you always vote no for at least one offer and probably two. The next time I see a company offer their best offer on the first offer will be the first. I still think this company would be better off looking at all these other companies that are making money at a record pace and trying to copy some of the things they do rather than always thinking they have better ideas that make us less profitable every quarter of every year. They should probably start by turning the trucks down a few mph....I would think that if 63 is a great speed to run you could probably be more productive at 57 or 58 maybe even 55. I know for a fact that if our trucks ran 55 the guys would be lined up around the block applying for jobs!
    I would also try and find as many guys off the street that have zero experience in trucking and not train them to be dock supervisors and dispatchers! Fresh new minds will definitely come up with better ideas than these jokers that have been in the industry their whole life! Lastly if you have more freight than you can handle and it is sitting in the yard in trailers I would make a big push for new accounts that we can not handle and do not have the man power to move.....man this running a company is easy!
     
  2. falconfan

    falconfan Well-Known Member

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    I agree,we negotiate,shoot for the stars and hopefully get the moon.We are in a different kind of situation given the financial situation of the company.The company is just a 3rd party to the lenders.The contract will be about math and if it doesn’t suit the lenders they simply walk away..50 cents per hour for 13,000 rank and file comes to 13,520,000 at just 40 hours per week.I would guess with overtime it pushes it up to over 15 million.They know for certain we will demand a raise and hopefully getting equipment stocked for future will allow room for raises,if not I think we are done.
    I told Scott Ware personally while he was in Atlanta last week that I thought our growth was unhealthy and we were outselling our service.He told me everyone was having capacity issues.I told our TM we needed experienced freight men as supervisors not bill runners and he told me all levels of experienced Freight management were hard to come by,including TM’s.I forgot to ask about rumors of tractors being turned up to 68 mph but I guess we will soon find out.
     
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  3. the5tolls

    the5tolls Pay the rate or lock the gate

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    Did you have a room together?.....just busting your balls.....maybe it's time to lock the gates if they can't service the freight and can't pay the employees?
     
  4. Elwood

    Elwood Question Authority

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    The revenue to provide profit exists within our reach. Poor work habits and poor decisions throughout the workforce, management and labor, are the inhibiting factors.
     
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  5. the5tolls

    the5tolls Pay the rate or lock the gate

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    Maybe if they gave the big guys a twenty million dollar bonus instead of a measly ten million it would solve the problem? That post you just had sounds like something every failing companies says before it goes down the shitter!
     
  6. Elwood

    Elwood Question Authority

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    If reinventing the wheel were plausible, your bonus option might work. Our failure to show profit comes from poor understanding of freight 101. Timely, damage free service. No frills, no complicated strategies. Institute that policy above all else and success follows.
     
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  7. Keepingon

    Keepingon Well-Known Member

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    Add in magement with a little knowledge and treating employees with a little respect and fairness and you would have what made New Penn operate in the 80’s OR range before Yellow took it over.
     
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  8. wongway

    wongway -15% Pay , Never forget

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    Outselling our service is correct , why are we going after more freight when we can't move the freight we have now on a timely matter and can't hire Driver's or dock people or supervisor's or manager's ? Really don't know how you can have growth with the inability to hire worker's ??
     
  9. BIG R GUY

    BIG R GUY CoopRegionalSafetyTech

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    Read post 24 above....
     
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  10. Roadway spy

    Roadway spy New Member

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    I have some ocean front property in Arizona for sale I also know people that own businesses that lose money year after year but have very deep pockets. Do you think this company can lose money since 2008 and be around come on but then again you are a dirty bird. Seriously they have one more 3 year MOU in them then it’s over period there letting you work 7 days a week to get your affairs in order just like CF.
     
  11. falconfan

    falconfan Well-Known Member

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    I can’t work 7 days per week because I drive for a living.The owner of a private company can pay themselves whatever they choose even if it means bankrupting.In our case the executives could work for free but if we operate at $1.05 we could close .
    Are you sure we haven’t had a positive year ending since 2008.
     
  12. clydesdale

    clydesdale Active Member

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    We don't get cards any more.
     
  13. seabreeze

    seabreeze Not Well Known Member, 60 Year Teamster Member

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    "Guess I'll just keep my 1957 model."
     
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  14. falconfan

    falconfan Well-Known Member

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    I didn’t make much sense yesterday posting during Super Bowl with House full of people. I’m sure the people you know that own business that show losses year after year aren’t on the stock exchange and reporting to the S.E.C. I also know people that have businesses and write off so much it looks like they made 10 grand when they made 200 k.I also have a good friend that had a successful trim business and couldn’t buy a house because he claimed he only earned about 20 grand year after year.He then got audited and went through living hell.
    If you think YRCW can hide money keep selling that ocean front property.Read the quarterly statements and listen to the analysts. They were hemorrhaging cash and about to shut the doors during the mou’s but now it seems the losses are due to capital investments and they are spending more than they make but are spending money already loaned to them.Things are much better but still an uphill battle. Btw..
    YRC Freight operated under 100 year ending and so did the regionals.
    GO FALCONS! Lol
     
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  15. 00mustang

    00mustang ON THE ROAD IN THE WAY @61.97

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    The Falcons played in the super bowl wrong bird it was the eagles lol
     
  16. supertrucker72

    supertrucker72 Active Member

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    Well for your info sir I work my m-f and that's it. Also where I'm at happens to pay overtime to city and dock with no union involved.
    Let's see health insurance is no where near thousands of dollars a month for coverage.
    Fact also idk where you guys get off on this insurance mess but I can assure you it's nowhere close to the 15% that YRC takes out of your check each week.
    And also I do not nor am I required to dress in a uniform especially black pants.
    Thank you sir have a nice day and be safe out there one stop at a time.
     
  17. falconfan

    falconfan Well-Known Member

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    You are still at Southeastern right? When did they start paying overtime..yesterday?
    This will be big news in the LTL world I’m glad we heard it from you first.
    I said nothing about thousands monthly out of pocket .
    You posted before that you pay §98.00/ week for insurance.You also have high deductibles
    I don’t have anything deducted from my check except union dues and the company pays
    $385.00/ week for my insurance,I pay nothing.
    Be safe out there.
     

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