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Yellow | Yrc Worldwide Provides Quarter-to-date Operating Data For Fourth Quarter 2019

Freightmaster1

Freightmaster1

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http://investors.yrcw.com/news-rele...provides-quarter-date-operating-data-fourth-1

At YRC Freight, October 2019 less-than-truckload (LTL) tonnage per day decreased approximately 4.5% compared to October 2018 and November 2019 LTL tonnage per day decreased approximately 10.2% compared to November 2018. Quarter-to-date through November 2019, LTL revenue per hundredweight decreased approximately 0.9% and LTL revenue per shipment increased approximately 1.8% compared to a year ago.

At the Regional segment, October 2019 LTL tonnage per day decreased approximately 5.7% compared to October 2018 and November 2019 LTL tonnage per day decreased approximately 11.2% compared to November 2018. Quarter-to-date through November 2019, LTL revenue per hundredweight decreased approximately 0.8% compared to a year ago. LTL revenue per shipment remained flat when compared to last year.

“The industrial freight slowdown, which started its decline more than 14 months ago, has created a freight volume headwind,” said Darren Hawkins, Chief Executive Officer at YRC Worldwide. “The year over year comparisons for November were impacted due to operating conditions at a primary competitor in November of last year and a later Thanksgiving impacting retail. The December tonnage per day levels are trending more in line with October results from a year over year comparison.”

Don't worry about these numbers! Jamie is back and he knows how to cook the books!

Jamie-Pierson-889x1024.jpg

Yeah Jamie we remember that quote from you a few years back...

“If we operate in a largely non-unionized industry, we need to be able to pay in a mainly non-unionized fashion,” says Pierson. “If we’re above the market by 15% we’re not going to be competitive. We are now paying what the market will bear, and we all need to divorce ourselves from the mindset that that 15% is going to come back.”
https://www.cfo.com/credit/2015/02/anatomy-turnaround-yrc-worldwide/

:wtflol:
 
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They forgot to show the door to the CEO too. Just look at Old Dominion. They spend more in a year on technology and upgrades to equipment than what YRC makes in a year in profit. OD also has an OR at or below 80. The bottom line here is that YRC is incapapable of making a profit in the way they do business and operate the business now. Everyday we miss pick ups, dont deliver the freight we warehouse the freight, people leaving left and right because pay at other places are higher and they dont have to drive 3 million mile trucks. Just look at this- your going to pay Jamie 300k more a year than the prior CFO. Why ? Place is a dumpster fire on all fronts.
 
realityofitall said:
They forgot to show the door to the CEO too. Just look at Old Dominion. They spend more in a year on technology and upgrades to equipment than what YRC makes in a year in profit. OD also has an OR at or below 80. The bottom line here is that YRC is incapapable of making a profit in the way they do business and operate the business now. Everyday we miss pick ups, dont deliver the freight we warehouse the freight, people leaving left and right because pay at other places are higher and they dont have to drive 3 million mile trucks. Just look at this- your going to pay Jamie 300k more a year than the prior CFO. Why ? Place is a dumpster fire on all fronts.
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There is no comparison between yrc, and OD. Two totally different types of operations. YRC could never operate at OD’s operating ratio with even the best trucking management...
 
through September they had lost 88 million. it's not a stretch to think they will loose 100 million this year. I believe someone said they need to average 40k shipments a day to pay for the raises. look for an mou very soon and most likely another take back on pay.
adding insult to this is the labor guy for yrc is now in bed with the nys teamsters pension. so when you get a letter remember hes on the payroll at the union too.
 
BIG R GUY said:
There is no comparison between yrc, and OD. Two totally different types of operations. YRC could never operate at OD’s operating ratio with even the best trucking management...
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New Penn operated at that operating ratio until Yellow management decided they New better on how to run things and ran the New Penn management off.

Someone needs to tell the CEO that This latest move of getting rid of administration positions, combining sales teams into “Henry” and co habitation is back firing big time.
 
So if reading it right between all the companies freight is down like 21% ??? And so how much is HNRY freight volume up ??
 
BIG R GUY said:
If you are HRNY, you are UP!
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I wonder how easy it would be to hide YRCW money in HNRY? It certainly would not be the first time a Union Company tried to transfer assets to a non union division. There are laws designed to keep this from happening, if the laws are enforced. I went through this back in the 80's at a company and the SOB died before he went to prison.
 
the5tolls said:
I wonder how easy it would be to hide YRCW money in HNRY? It certainly would not be the first time a Union Company tried to transfer assets to a non union division. There are laws designed to keep this from happening, if the laws are enforced. I went through this back in the 80's at a company and the SOB died before he went to prison.
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Yellow Corp assigned debt to Preston, then to Jevic, next to Holland. They know all the tricks.
 
just listen to george carlin in times like these....guy was ahead of his time.....suprised he wasnt called bad names by the pc police yet...make sure you listen to the one rant about camcorders....imagine if he was alive today talking about smartphones....
 
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