NEW PENN 3rd Qrt Numbers

Discussion in 'New Penn' started by wongway, Oct 31, 2019.

  1. wongway

    wongway Cayman Island Branch Freight Coordinator

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    Driver Since:
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  2. Puff Driver

    Puff Driver Active Member

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    Still not good, if they cannot make $$$ in these great times for our industry, when can they???
     
  3. Ridgerunner33

    Ridgerunner33 Member

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    Great times puff everyone is slow now carriers are going out of business' left and right.New Penn and Holland and yrc will still be around .I know you hope we go out of business but we won't .Were going to stick around just to piss you off.........
     
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  4. Puff Driver

    Puff Driver Active Member

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    I'm retired, I could not care what happens to YRC. I do know that some LTL Carriers are having excellent years for profits. Saia & ODFL come to mind.
    Yet YRC continues to decline as others see their business low down and remain very profitable.
    I am not a bitter, angry, hate filled, miserable person like you, if YRC fails many decent folks will lose their jobs. I feel for them. Won't piss me off either way.....
    Enjoy your misery.....
     
  5. Keepingon

    Keepingon Well-Known Member

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    SAIA AND OD made money but their revenues dropped for the third quarter, JB Hunts revenue dropped 168 million in the third quarter.
     
  6. Puff Driver

    Puff Driver Active Member

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    Didn't Saia and ODFL have revenue drops but improvements in profitability???
    Vs. YRC??????
     
  7. Keepingon

    Keepingon Well-Known Member

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    Your correct their revenues dropped, their claims jumped a little bit but they turned a profit. I’m Just pointing out that all the carriers got hurt in the third quarter.
    YRC is also carrying debt that other carriers are not. No denying other carriers are more profitable and I don’t agree with or understand much of anything the YRC execs do But they have taken their debt down, just agreed to a fairly decent contract with their unionized employees which left their healthcare intact and increased their wages and their still in business providing paychecks to a lot of people. The so called experts had them out of business 10 years ago.
     
  8. Puff Driver

    Puff Driver Active Member

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    Very true, my point is the past 18 or 24 months have been the every best for the industry since deregulation. Yields are way up, driver pay is improving, profitability is getting much better despite some softness.
    It is almost unfair to compare anything to 2018 since it was such a great year for the industry.

    Most 'experts' had YRC dead in 2009, for many reasons they are surviving but they continue to devolve as competitors get stronger.
    As they shed assets they have less to fall back on in the event of a real business softening.
    Time will tell, just glad to be a spectator…...
     

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