After OOP 2 and OOP 3.. Reddaway and Holland, bill count is down 22%… the embargo was the nail in the coffin… that freight never came back.
Company wants to be at 70k shipments a day( that is for all 4 operating companies) to sustain the revenue to feed the machine, currently picking up 49k to 55k a day ( again, all 4 companies)… Even end of month are not even that much higher….
Once this goes through, and it will, there will not be enough utility drivers to pull and process the freight..: gridlocks will blow up again and bill count will plummet further… lack of UE’s will be the death blow to this change.. Yellow has no choice but to do this…. Their network is antiquated and if they don’t modernize to a super regional… with some flexibility, they will not survive. It really is a last ditch effort to close the chapter on their fiscal health in the years to come… think about it as going “all in” in a poker game. That is what they are doing. No more Cares Act loans to save the company again.
