Yeah , its seasonal and i work 40 hrs a week at this sh;thole for the free benefits. And make about $80 k in 6 months Unlike you who is probably a OT ***** and works 12 a day and thinks its the greatest job in the world. Oh and I have 35 yrs in so just waiting to cash that pension check in 18 months . So $135 k a year and free benefits and pension . Anything else to say ?? Doubt it !Let me get this right, you're still here working for substandard pay even though you "owned a successful business". Ya, sure, I had a newspaper route too when I was 12 years old.
Yellow | Are we that broke
- Thread starter Rodeo
- Start date
Freightmaster1
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Yeah! Money for nothing...and the chicks for free?!
Can't believe that song is 38 years old!
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yellow freight
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YELLOW CAN BE MAKING MONEY AND HIRING MORE HELP IF THEY WOULD LOOK BACK TO THE DAYS WHEN FREIGHT COMPANIES TOOK THE SOLID TRUCK LOADS ALONG WITH LTL SHIPMENTS. THEY EVEN HAD A FLATBED DIVISION FOR HAULING STEEL, FLOOR LOADS FOR GROCERY AND OTHER PRODUCTS. THEY BRAGG ABOUT BEING 1 STOP CARRIER AND STILL CANT GET THAT STRAIGHT. LETS TALK ABOUT EQUIPMENT,THEY USED TO RETRO FIT OLD TARACTORS FOR CITY USE,CLEVELAND SHOP WOULD DROP A COUPLE OFF AND TAKE TWO BACK TO BE REBUILT. MAYBE I CAN GRAP LUNCH WITH DARREL AND GET THINGS IN HIS HEAD TO SET HIM STRAIGHT. I FEEL FOR THE PEOPLE GOING THROUGH THIS AND ITS A SHAME ! excuse me,i have to go vomit now, these idiots still get to me 15 years later.
Floor loaded truckload to grocery warehouses? That would surely make money, along with steel hauling. Maybe shoot Darren an email that you could be in Nashville to discuss this? Did you make it to the bathroom before you threw up?
yellow freight
TB Lurker
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thanks big R,yes i made it------forgot about the lid! also had to clean the mirror
Good. Good. Nothing worse than puke splattered on your mirror.Let us know what Darren has to say .
Yellow chief sent propaganda yesterday to the house. It’s all about how everybody loves the change your operations. I couldn’t believe what I was reading. I bet you that typewriter hated to print these lies.
ShutterDown
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Everything is great according to the BS letter.
BUT they can’t replace the 60 dollar airbag under the switch tractors.
Shop supervisor says we would have better luck on worker’s compensation as he don’t give a rats ass he don’t have to drive them.
Gota love Yellow Supervisors they would rather spend a 100k on lawyers and compensation to screw employees than fix defective equipment.
yellow freight
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sorry to vent about the old days and the future but it feels good to clear my head now and then. i threw the mirror remark in for you
Oh, for crying out loud Trip! You know better than that. Facts and logical reasoning have never been a prerequisite, for responding to replies.You might want to educate yourself on how much debt various companies carry. Just for example, as of September 2022:
Yellow Corporation | YRCW - Debt
Yellow Corporation reported $1.48B in Debt for its fiscal quarter ending in June of 2023. Data for Yellow Corporation | YRCW - Debt including historical, tables and charts were last updated by Trading Economics this last April in 2024.tradingeconomics.com
Knight Transportation 1.88B
Fedex 20.25B
United Parcel Service 20.35B
TFI International Inc 1.7B
Xpo Logistics 2.91B
Yrc Worldwide 1.56B
J B Hunt Transport 1.24B
And by the way, the banks required that YRC institute the givebacks before they would refinance the notes coming due back around 2009. The company didn't do that on their own.
The problem of making outrageous claims is some here are completely untethered from reality.
Puff Driver
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Understand debt is not very easy. In most cases it is measured as debt to equity.You might want to educate yourself on how much debt various companies carry. Just for example, as of September 2022:
Yellow Corporation | YRCW - Debt
Yellow Corporation reported $1.48B in Debt for its fiscal quarter ending in June of 2023. Data for Yellow Corporation | YRCW - Debt including historical, tables and charts were last updated by Trading Economics this last April in 2024.
Knight Transportation 1.88B
Fedex 20.25B
United Parcel Service 20.35B
TFI International Inc 1.7B
Xpo Logistics 2.91B
Yrc Worldwide 1.56B
J B Hunt Transport 1.24B
And by the way, the banks required that YRC institute the givebacks before they would refinance the notes coming due back around 2009. The company didn't do that on their own.
How much debt d you have versus how much equity do you have.
For example UPS with $20 Billion plus in debt can seem like a lot but once understood along with the massive amount of equity UPS Has it paints a very different picture. In fact it looks like a healthy company.
Once you factor in profits, then it is a different story, because profits is how you repay debt.
My guess is all (almost all) of the listed companies are profitable and most continue to own a huge amount of assets. Thus they can pay their debts or can sell assets to do so.
Freightmaster1
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My sources say... " They haven't been in a position to paydown debt. They have some maturities coming due next year but the banks will extend if they are in a similar financial position. They recently had the maturity on their revolver extended and the bank actually lowered the rate and increased the credit line amount. $400M in EBITDA over the last 12 months (through Q3) is twice what is required by the banks. They're fine now (but Q4 had to be horrible) but they really need tonnage flowing through the terminals again."