FACT SHEET: President Biden Announces Historic Relief to Protect Hard-Earned Pensions of Hundreds of Thousands of Union Workers and Retirees

[slavenomore]

Yellow Corporation was founded as a holding company when Yellow bought unionized Preston Trucking. It's the same formula as banking. The industry consolidates to lower overhead and eliminate redundant services. The theory is simple. Roadway and Yellow both run a P&D truck to small town America. Both come back half full. Merge and send only one truck and one driver to an area.
Companies only fail when costs exceed revenue. Trucking companies manufacture nothing. They have no product to sell. They only have labor intensive service to sell, and they have no control over the cost of contractual labor. They also have no control over revenue because they must compete on pricing and service.
Manufacturing jobs were not "sent" overseas. Manufacturing was forced to move offshore to compete in the global economy. The American worker learned nothing. Workers still continue to price themselves out of a job by demanding more than the employer to pay.

So when the big government cohorts with Yellow, in deals like loans or bailouts or anything else........
They call them Big Brother and The Holding Company.

Ball and Chain
Oh,Lord Wontcha Buy Me A Mercedes Benz
Take Another Little Piece ..

 

[ABF381]

My mistake. I thought this board was dedicated to the trucking industry. How strange that nearly every post on the Yellow Forum blames management for all the problems but it's not a board to talk about management.
The high-cost unionized business model is unsustainable in the completive 21st century transportation industry.

Hey Mr. Perfect what does completive (completing a task) have to do with anything?

Noun​

completive (plural completives)

1. (grammar) A construction denoting completion.

 

[ABF381]

My mistake. I thought this board was dedicated to the trucking industry. How strange that nearly every post on the Yellow Forum blames management for all the problems but it's not a board to talk about management.
The high-cost unionized business model is unsustainable in the completive 21st century transportation industry.

Wow....sometimes you are a bit thick...I will type slower for you....I didn't say that you couldn't talk (or kiss up) to management on here...what I said is it is geared towards the workers.....meaning that as an audience the vast majority of members don't care what management has to say, especially since most don't trust them....

 

[slavenomore]

My mistake. I thought this board was dedicated to the trucking industry. How strange that nearly every post on the Yellow Forum blames management for all the problems but it's not a board to talk about management.
The high-cost unionized business model is unsustainable in the completive 21st century transportation industry.

Communist Chinese and Third World workers are the only sustainable model. Correct?

Move to them countries.
Get out..stay out.
And your models are not really welcome here.
Want slaves?
Go own them there.
And should they rise up, don't come crying to us to pay military to defend you.

 

[Razorblade]

Communist Chinese and Third World workers are the only sustainable model. Correct?

Move to them countries.
Get out..stay out.
And your models are not really welcome here.
Want slaves?
Go own them there.
And should they rise up, don't come crying to us to pay military to defend you.

No, the only sustainable model in a global economy is the free market. Labor is a commodity. The us against them theory of the last century no longer works.
How can you rant against China when labor unions are the definition of socialism? Collective bargaining where all labor is of equal value. There is no reward for work ethic or individual performance. The only thing that matters is date of hire. When the labor movement began, there were very few federal or state laws protecting workers. Unions must become partners with employers if the unionized trucking industry has any chance of survival.

 

[slavenomore]

No, the only sustainable model in a global economy is the free market. Labor is a commodity. The us against them theory of the last century no longer works.
How can you rant against China when labor unions are the definition of socialism? Collective bargaining where all labor is of equal value. There is no reward for work ethic or individual performance. The only thing that matters is date of hire. When the labor movement began, there were very few federal or state laws protecting workers. Unions must become partners with employers if the unionized trucking industry has any chance of survival.

The global economy is unnecessary excepting for natural resources that we cannot acquire here.
And currency can be acquired right here, printed by our own people, for our own people.
The most unessary part of this economy is that our government pays to borrow our currency.
Interest should be outlawed

I will remind you again where your "new and improved" thinking from the 70's or 80's brought us as a nation.

Over $30 trillion in debt.

Your ways bring in the socialism.
Because behind communism and every social program paid for by the big pot of tax money...are very ambitious capitalists.

Unions keep it in the market by our costs being passed on to the market price or value.
Your ways of competing with the lowest labor cost has brought nothing but socialism to more people than ever in history.

We wouldn't need much Medicare or Social Security or food stamps or rent assistance or Obamacare if it was all bargained for with unions.
Then it would be market and capitalism paying for needs rather than the government.
Big capitalists get that big pot of tax money
For all of the. Programs
The former union labor force gets socialism.

 

[slavenomore]

No, the only sustainable model in a global economy is the free market. Labor is a commodity. The us against them theory of the last century no longer works.
How can you rant against China when labor unions are the definition of socialism? Collective bargaining where all labor is of equal value. There is no reward for work ethic or individual performance. The only thing that matters is date of hire. When the labor movement began, there were very few federal or state laws protecting workers. Unions must become partners with employers if the unionized trucking industry has any chance of survival.

Where is the incentive for bankers?
At one time gold was needed to backup your loans.
Now they can just make up numbers out of thin air and charge interest for it.
It is not free market competition at the very root of our economic system.
The Federal Reserve controls the interest rates.
It is owned by central banks.
They regulate themselves.

 

[slavenomore]

No, the only sustainable model in a global economy is the free market. Labor is a commodity. The us against them theory of the last century no longer works.
How can you rant against China when labor unions are the definition of socialism? Collective bargaining where all labor is of equal value. There is no reward for work ethic or individual performance. The only thing that matters is date of hire. When the labor movement began, there were very few federal or state laws protecting workers. Unions must become partners with employers if the unionized trucking industry has any chance of survival.

I shouldn't have to even think about China
Owning a home and raising a family and having vacation and sick time and a pension and healthcare is good for me
Cheap Chinese junk isnt necessary.
It just makes it more difficult for families to afford the stuff I posted.
It only benefits capitalist investors and the communist Chinese and the corporate Execs.
People who supposedly hate communism love China because the labor is forced when needed and the government takes care of needs.
They would love our government taking care of our needs and for government to be able to force us.
All profit and cheap labor and little to no regs is what they get under communist Chinese business.
It should be illegal to import anything but necessary natural resources from there.

You system only benefits the few who really don't need any more imo

Their system doesn't work anymore.

 

[Razorblade]

I shouldn't have to even think about China
Owning a home and raising a family and having vacation and sick time and a pension and healthcare is good for me
Cheap Chinese junk isnt necessary.
It just makes it more difficult for families to afford the stuff I posted.
It only benefits capitalist investors and the communist Chinese and the corporate Execs.
People who supposedly hate communism love China because the labor is forced when needed and the government takes care of needs.
They would love our government taking care of our needs and for government to be able to force us.
All profit and cheap labor and little to no regs is what they get under communist Chinese business.
It should be illegal to import anything but necessary natural resources from there.

You system only benefits the few who really don't need any more imo

Their system doesn't work anymore.

Reading comprehension!!
I don't advocate socialism or government control of the economy in my post.
The American economy is a balance of socialism and capitalism. The trucking industry became wildly out of balance because of regulated trucking. Government controlled of rates and access. Government control eliminated competition making it possible for companies to agree to any ridiculous proposal by labor and just pass on the costs through higher rates. That imbalance crashed when government regulation ended.

 

[slavenomore]

Reading comprehension!!
I don't advocate socialism or government control of the economy in my post.
The American economy is a balance of socialism and capitalism. The trucking industry became wildly out of balance because of regulated trucking. Government controlled of rates and access. Government control eliminated competition making it possible for companies to agree to any ridiculous proposal by labor and just pass on the costs through higher rates. That imbalance crashed when government regulation ended.

It's been wildly out of balance since 1980. It took less than a year to throw the balance to the company side.
The company makes it us vs them just the same
They want free markets yet want government to make policy to allow them a major increase in immigration in order to boost their labor supply to keep the pay and compensation down.
Yellow's debt also allowed for the same when they signed a contract in 2008 or 2009 just to come back and say they couldn't do it and have the banks make the rules to exist.
Not just for us...but so the economy could have trucking at cheaper than it's true cost ....for over a decade

Do you consider the ATA petitioning government for immigrants to drive trucks, as government control?
It is...it helps out the side which the imbalance is already in favor of.
Increase in labor supply means less pay and comp for the labor side.
But they hedged it with this bank debt to YRC so we could not get the full benefits of the driver shortage.

 

[Hookman]

It's been wildly out of balance since 1980. It took less than a year to throw the balance to the company side.
The company makes it us vs them just the same
They want free markets yet want government to make policy to allow them a major increase in immigration in order to boost their labor supply to keep the pay and compensation down.
Yellow's debt also allowed for the same when they signed a contract in 2008 or 2009 just to come back and say they couldn't do it and have the banks make the rules to exist.
Not just for us...but so the economy could have trucking at cheaper than it's true cost ....for over a decade

Do you consider the ATA petitioning government for immigrants to drive trucks, as government control?
It is...it helps out the side which the imbalance is already in favor of.
Increase in labor supply means less pay and comp for the labor side.
But they hedged it with this bank debt to YRC so we could not get the full benefits of the driver shortage.

Ahhh Slave, gotta let you know Blade is never wrong, just ask him. He hates Teamsters but draws a Teamster pension, says he drove for Preston & was an official in a local up your way somewhere.

 

[jimmy g]

Ahhh Slave, gotta let you know Blade is never wrong, just ask him. He hates Teamsters but draws a Teamster pension, says he drove for Preston & was an official in a local up your way somewhere.

Slavey is on Pa’s Eastern Border, Blade is Western Pa. Different Rules and Pensions, I believe.

Preston and New Penn were both once Top Ten Companies to work for; both were ruined by Yellow Corp, but for different reasons. Yellow wanted New Penn (Best Operating Ratio in the USA for LTL at the time) as part of Roadway, so they survived. Yellow wanted Preston only to acquire Saia, which Preston owned. Once Saia was safely spun off, we Prestonites were saddled with as much debt as Yellow could dump on us, and cut adrift to be run into the ground by 3 exYellow VPs as our owners. And Yellow’s lawyers knew their timing. Had we closed within a year of being ‘sold’, we would’ve been dovetailed into Yellow, per that contract. Somehow, we managed to close 14 months later, just outside that window…

 

[slavenomore]

Slavey is on Pa’s Eastern Border, Blade is Western Pa. Different Rules and Pensions, I believe.

Yep. Different. That about sums it up.
Different.

 

[Razorblade]

Ahhh Slave, gotta let you know Blade is never wrong, just ask him. He hates Teamsters but draws a Teamster pension, says he drove for Preston & was an official in a local up your way somewhere.

I don't hate the Teamsters or any other union. They are necessary to balance runaway capitalism.
I am very frustrated that a union, in response to the demands of the membership, refuses to change with the times. Everyone deserves to get paid for the work they do, but to expect a company to compete in today's economy with the work rules and classification system of the 70s is unreasonable. Defined benefit pensions are unsustainable. The 401K with matching benefits is both less expensive for the employer but more responsive to each employees' individual needs. The only problem with the 401K is getting people to take responsibility for their future. It's not the job of employers to babysit their adult employees. The union does not represent its members by refusing to lead. Union officers need to be the leaders they are paid to be and educate members on the reality of deregulated trucking.

 

[jimmy g]

Our local's attorneys told us that we never had a claim to dovetail. Yellow Freight never owned Preston Trucking. Yellow Corporation, a holding company, owned both companies. Yellow Corp was not a transportation company and had no operating rights.

Yellow Corp lawyers covered all bases. The 14 month lapse eliminated any challenge, whether it was correct or not.

 

[slavenomore]

I don't hate the Teamsters or any other union. They are necessary to balance runaway capitalism.
I am very frustrated that a union, in response to the demands of the membership, refuses to change with the times. Everyone deserves to get paid for the work they do, but to expect a company to compete in today's economy with the work rules and classification system of the 70s is unreasonable. Defined benefit pensions are unsustainable. The 401K with matching benefits is both less expensive for the employer but more responsive to each employees' individual needs. The only problem with the 401K is getting people to take responsibility for their future. It's not the job of employers to babysit their adult employees. The union does not represent its members by refusing to lead. Union officers need to be the leaders they are paid to be and educate members on the reality of deregulated trucking.

Investing means contributing to antiunion forces.
People might need education as to what investments benefit them working less of their life for more compensation.
The desire for super increases in their investments has benefitted the breaking down of conditions and compensation everywhere. It has closed American jobs. Lost American industries and made uneducated people, which will always be the majority of Americans, work more of their life for less compensation imo.

I think since pensions were replaced by individuals investing had made life more difficult for more Americans.

Everything you seem to like business wise is to cut.
And that's what companies who people have been investing money into have done.
More hours. More years of your life. Less compensation.

Because people don't know what they're investing in.
And those who push 401k's probably knew that all along......"if only they think like us"...
Now they do.
Ship that plant to China so I can retire sooner.
Invest in that company which gives employees no insurance nor pension.....so I can have none one day....to compete. They are a really great investment....then maybe all companies will follow them....and maybe one day all of us can have nothing.

The majority don't, can't, and never will know investing. It's not realistic to think that they ever will. Not realistic at all.

 

[seabreeze]

Investing means contributing to antiunion forces.
People might need education as to what investments benefit them working less of their life for more compensation.
The desire for super increases in their investments has benefitted the breaking down of conditions and compensation everywhere. It has closed American jobs. Lost American industries and made uneducated people, which will always be the majority of Americans, work more of their life for less compensation imo.

I think since pensions were replaced by individuals investing had made life more difficult for more Americans.

Everything you seem to like business wise is to cut.
And that's what companies who people have been investing money into have done.
More hours. More years of your life. Less compensation.

Because people don't know what they're investing in.
And those who push 401k's probably knew that all along......"if only they think like us"...
Now they do.
Ship that plant to China so I can retire sooner.
Invest in that company which gives employees no insurance nor pension.....so I can have none one day....to compete. They are a really great investment....then maybe all companies will follow them....and maybe one day all of us can have nothing.

The majority don't, can't, and never will know investing. It's not realistic to think that they ever will. Not realistic at all.

Slave is just jealous because he is not the chairman of a HOA.

 

[slavenomore]

Slave is just jealous because he is not the chairman of a HOA.

What is it?
Hog owners association?

 

[seabreeze]

What is it?
Hog owners association?

Ask Razor, he can tell you.

 

[slavenomore]

Ask Razor, he can tell you.

I'm sure he will.