"When all else fails, play dead".You know Latin is music to my ears.
Is that in Possum Trot, CA or KY?
"When all else fails, play dead".You know Latin is music to my ears.
Is that in Possum Trot, CA or KY?
You know Latin is music to my ears.
Is that in Possum Trot, CA or KY?
Truth hurts???╭∩╮(︶_︶)╭∩╮ off troll
**** off trollTruth hurts???
Might want to be careful what you slobber for. Not too many LTL’s hiring right now. Of course you could always become an Amazon contractor driver,and lease purchase one of their vans, to make the big $$$?can you feel all them drivers out there slobbering all over them selves-- hoping 2020 is the year YRCW goes under ----I CAN!!!
Don't know about "slobbering drivers", but here are the facts about the "Headwinds" the YRCW companies face in 2020:
1. Shrinking tonnage, YRC Freight tonnage down 10.2% in November and YRC Regional Tonnage down 11.2% in November.
2. Coming off of 2019's "Industrial Recession" as many have called it. Most carriers are reporting negative tonnage in 2019. Double digit shrinkage appears that it may continue at both Freight and the Regionals.
3. Challenging Pricing environment. Many carriers are reducing rates (especially XPO) chasing volume. XPO was not around in 2009 with all the carriers reducing prices and killing margins. It took several years to pricing discipline to be restored.
4. Fuel Surcharges are less in 2019 and looking to be less in 2020.
5. Morale appears to be worse at all companies especially the one that will go thru "co-habitation" with another sister company.
6. Last and most important, they brought Jamie back to get deals done with the banks as it appears they will break covenants soon.
All of that could spell disaster...
I don’t think many people want YRC to go out of business, just keep up with the rest of the industry....can you feel all them drivers out there slobbering all over them selves-- hoping 2020 is the year YRCW goes under ----I CAN!!!
I am only going to comment on the co-habitation, up in AP, YRC moved in with us about a month ago and I have seen zero negativity. Everyone appears to be getting along just fine and if anything rubbing shoulders might be bringing us closer together. We talk daily and really don't get in each other's way at all. So I don't think number 5 is a concern at all and might actually be a positive.Don't know about "slobbering drivers", but here are the facts about the "Headwinds" the YRCW companies face in 2020:
1. Shrinking tonnage, YRC Freight tonnage down 10.2% in November and YRC Regional Tonnage down 11.2% in November.
2. Coming off of 2019's "Industrial Recession" as many have called it. Most carriers are reporting negative tonnage in 2019. Double digit shrinkage appears that it may continue at both Freight and the Regionals.
3. Challenging Pricing environment. Many carriers are reducing rates (especially XPO) chasing volume. XPO was not around in 2009 with all the carriers reducing prices and killing margins. It took several years to pricing discipline to be restored.
4. Fuel Surcharges are less in 2019 and looking to be less in 2020.
5. Morale appears to be worse at all companies especially the one that will go thru "co-habitation" with another sister company.
6. Last and most important, they brought Jamie back to get deals done with the banks as it appears they will break covenants soon.
All of that could spell disaster...
Looks like we agree on point #3. Conway and FedEx offered huge discounts in 2008-2009 and it did backfire. XPO has totally changed Con-Way and they no longer exist. XPO is discounting like drunken sailors right now. Stay tuned on that impact.3. Con-way had not been bought yet by XPO in 2009, but was 1, of several companies who cut rates trying to run YRC out of business. It backfired on them, as their claims went thru the roof.
4. The fuel surcharge is based on the nationwide average price of fuel, and no carrier can just change it.
5. Morale may not be great, but we only hear from the same whiners on here about cohabitating. It’s not fun having your terminal close, but if you look at it with an open mind, it is the right thing to do at this time.
6. Do you have any proof in print that they will be in default on any loans?
As far as 1, and 2? I agree.
Looks like the A team guy has a bottle of booze behind his head on the shelf. Isn't that supposed to be in the bottom left drawer?SETTLE DOWN , we got the A-Team Guy back on the job , so just RELAX , it will be OK
That’s hair tonicLooks like the A team guy has a bottle of booze behind his head on the shelf. Isn't that supposed to be in the bottom left drawer?
The reputation the guy has on this board, it’s probably either in his hand or on his desk, minute by minute....Looks like the A team guy has a bottle of booze behind his head on the shelf. Isn't that supposed to be in the bottom left drawer?
Tell me why the industry needs yrc in business. With a recession on the horizon, and an opportunity to finally put the last nail in the coffin of organized labor, I don't see it. I'll use the analogy of sticking your fingerLooks like we agree on point #3. Conway and FedEx offered huge discounts in 2008-2009 and it did backfire. XPO has totally changed Con-Way and they no longer exist. XPO is discounting like drunken sailors right now. Stay tuned on that impact.
Morale may change a bit when they combine seniority lists at the co-habbing terminals. The Rank and File has scarified for the past 10 years and management has not put you in a position for success. You guys deserve better leadership. They are way to focused on changing the Leadership Structure and creating HNRY instead of on time exception-free shipments.
Stay tuned on banking covenants. They are required under the new Loan Agreement to keep 200 Million in "Consolidated EBITDA" for a running 12 months. This is why Jamie was brought back. You can look at the 8K on line dated 11.13.19, it has a whole slew of covenants they must hit. Q4 Results will determine if they break covenants.
The Industry needs the YRCW companies in business
Tell me why the industry needs yrc in business. With a recession on the horizon, and an opportunity to finally put the last nail in the coffin of organized labor, I don't see it. I'll use the analogy of sticking your finger
in a glass of water and pulling it out. That's how big a hole we'll leave. The survivors get bigger and I don't think a good driver will have any problem getting a job. As far as breaking the covenants, All Jaimie has to do is tell the banks he'll rework the CBA ("I'll take back the pay raise, get em to pay 250 a week for health care,
And give em each 10 shares of stock. Tell em their now "owners" The IBT will play ball they always do". The
banks will forgive the covenants. They always do.