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Yellow | More LTL carriers may follow AAA Cooper to the altar, consultant says

Razorblade said:
YRC is unsellable.
No board of directors would ever allow the purchase of YRC. Returning YRC to profitability with a unionized workforce and having to make the pension funds whole is not possible. The free money from the American Rescue Plan might have bought an extra 3-5 years but the demise of YRC is eminent.
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The man with the little blue sprinters has very deep pockets and has clout to pull off unimaginable deals. Wally World is getting into e commerce market very strong, currently YRC moves alot of freight for Wally. What better way to put the hurt to one of your competitors, buy part of there supply chain logistics, thin out what parts of company that you need and sell or shut down portions of it.
If you remember there was a time when Schneider would buy small trucking companies just to get the accounts.
The e commerce and residential delivery/ final mile is going to change the current landscape that we know today, Bezos has the money and the resources to pretty much do as he pleases.
Never assume YRC is not up for sale.
 
wongway said:
Hey , I have seen some 68 to 70 year old drivers hired latley , because nobody else applied , at least they show up for show up for work unlike the lazy younger snowflakes kids !
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I’m 26 show up to work mon-thurs and gender neutral/nonbinary.
 
dokman said:
The man with the little blue sprinters has very deep pockets and has clout to pull off unimaginable deals. Wally World is getting into e commerce market very strong, currently YRC moves alot of freight for Wally. What better way to put the hurt to one of your competitors, buy part of there supply chain logistics, thin out what parts of company that you need and sell or shut down portions of it.
If you remember there was a time when Schneider would buy small trucking companies just to get the accounts.
The e commerce and residential delivery/ final mile is going to change the current landscape that we know today, Bezos has the money and the resources to pretty much do as he pleases.
Never assume YRC is not up for sale.
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Bezos is all about efficiency, no one has accused Yellow of that yet. History proves that no one with any brains will purchase a union carrier. Mostly because of the pension liability.
Best proof source is Yellow themselves, every LTL carrier is seeing record profits, CWT, Accessorial Charges, bill count, revenue per shipment and other KPI's except Yellow??? Even with $700 million in Corporate welfare and a few billion taxpayer $$$ for pensions...
Something is seriously wrong....
 
Puff Driver said:
Bezos is all about efficiency, no one has accused Yellow of that yet. History proves that no one with any brains will purchase a union carrier. Mostly because of the pension liability.
Best proof source is Yellow themselves, every LTL carrier is seeing record profits, CWT, Accessorial Charges, bill count, revenue per shipment and other KPI's except Yellow??? Even with $700 million in Corporate welfare and a few billion taxpayer $$$ for pensions...
Something is seriously wrong....
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It was never wages that took down union companies. It was always benefit costs and work rules.
Times change. Any business that does not evolve dies. It is impossible to be efficient if there is this strict division of labor between road, city, dock and yard. Paying a driver to wait on a load or wait on a hook cannot be justified in 2021. Wait time must be reduced or eliminated entirely if YRC is to survive. Wait time must become work time. Will that mean fewer jobs? Absolutely. In an industry where the only controllable expense is labor, labor must be used efficiently.
Health insurance with no co-pays and no deductibles is no longer sustainable. A $500.00 a year family deductible would save YRC more than $10 million a year. $500.00 a year per family is a little more than $40.00 a month but it could be the difference between having a six figure job and unemployment.
The consumer demands better, faster, cheaper. If YRC can't become competitive, YRC can't remain in business.
 
Razorblade said:
It was never wages that took down union companies. It was always benefit costs and work rules.
Times change. Any business that does not evolve dies. It is impossible to be efficient if there is this strict division of labor between road, city, dock and yard. Paying a driver to wait on a load or wait on a hook cannot be justified in 2021. Wait time must be reduced or eliminated entirely if YRC is to survive. Wait time must become work time. Will that mean fewer jobs? Absolutely. In an industry where the only controllable expense is labor, labor must be used efficiently.
Health insurance with no co-pays and no deductibles is no longer sustainable. A $500.00 a year family deductible would save YRC more than $10 million a year. $500.00 a year per family is a little more than $40.00 a month but it could be the difference between having a six figure job and unemployment.
The consumer demands better, faster, cheaper. If YRC can't become competitive, YRC can't remain in business.
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I think I read this same post last year and the year before and the year before and......
 
Razorblade said:
Yes you did. The problem is that you still don't get it! History, reason and logic seem to elude you.
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The fact that most of the Teamsters on these boards do not want a former Teamster's opinion, that now speaks bad of the very union that provided you the same benefits that you now say should be given away to help the company seems to elude you. I agree with Hookman. You should go back on vacation and take your history, reason, and logic with you. It is Pathetic that you ever even claimed to be a Teamster.
 
Razorblade said:
It was never wages that took down union companies. It was always benefit costs and work rules.
Times change. Any business that does not evolve dies. It is impossible to be efficient if there is this strict division of labor between road, city, dock and yard. Paying a driver to wait on a load or wait on a hook cannot be justified in 2021. Wait time must be reduced or eliminated entirely if YRC is to survive. Wait time must become work time. Will that mean fewer jobs? Absolutely. In an industry where the only controllable expense is labor, labor must be used efficiently.
Health insurance with no co-pays and no deductibles is no longer sustainable. A $500.00 a year family deductible would save YRC more than $10 million a year. $500.00 a year per family is a little more than $40.00 a month but it could be the difference between having a six figure job and unemployment.
The consumer demands better, faster, cheaper. If YRC can't become competitive, YRC can't remain in business.
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The company has an obligation to also function in an efficient manner. Several companies have done this and continue to with obligations that were negotiated in contracts.
 
Razorblade said:
Yes you did. The problem is that you still don't get it! History, reason and logic seem to elude you.
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Please explain, if the history says that every year in a row for about 10 years or so we are going out of business then why should I think now is the time? Please explain the logic....take your time....I will wait....please send it soon the sky does look a little lower than earlier....
 
the5tolls said:
Please explain, if the history says that every year in a row for about 10 years or so we are going out of business then why should I think now is the time? Please explain the logic....take your time....I will wait....please send it soon the sky does look a little lower than earlier....
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Reason and logic:
If YRC labor has a higher cost per hour of labor than it's competition, YRC will be unable to compete with pricing.
If a driver is paid to wait while a yard guy is paid to do the drop and hook, 2 people are being paid to do the work. 2 people are receiving sick days, vacations, holidays, healthcare and pension. 2 people are costing the employer unemployment and workers comp insurance. The driver is more than capable of dropping, hooking, splitting the set and putting trailers against the dock or in the proper spots in the yard. That driver is being paid, he should be productive.
Road drivers dispatched with an empty trailer should be routed, if possible, to a customer to pick up a spotted, loaded trailer. Dropping an empty at a customer, picking up at a customer enroute should be the norm. Cost effective driver utilization only makes sense in a competitive industry.
History:
Really? 600+ union companies gone while FedEx Freight became the largest LTL carrier in less than 20 years. Old Dominion, Estes and Conway (XPO) growing and thriving in the same economic environment that brought down those 600+ Teamster companies.
Like all those 600+ companies, YRC upper management is positioning and preparing themselves for the demise of Yellow. They will be financially secure while the Teamster members are scrambling to get one of the few jobs available elsewhere. ABF will not hire all of you. You will be competing for jobs at the non union carriers.
 
Razorblade said:
Reason and logic:
If YRC labor has a higher cost per hour of labor than it's competition, YRC will be unable to compete with pricing.
If a driver is paid to wait while a yard guy is paid to do the drop and hook, 2 people are being paid to do the work. 2 people are receiving sick days, vacations, holidays, healthcare and pension. 2 people are costing the employer unemployment and workers comp insurance. The driver is more than capable of dropping, hooking, splitting the set and putting trailers against the dock or in the proper spots in the yard. That driver is being paid, he should be productive.
Road drivers dispatched with an empty trailer should be routed, if possible, to a customer to pick up a spotted, loaded trailer. Dropping an empty at a customer, picking up at a customer enroute should be the norm. Cost effective driver utilization only makes sense in a competitive industry.
History:
Really? 600+ union companies gone while FedEx Freight became the largest LTL carrier in less than 20 years. Old Dominion, Estes and Conway (XPO) growing and thriving in the same economic environment that brought down those 600+ Teamster companies.
Like all those 600+ companies, YRC upper management is positioning and preparing themselves for the demise of Yellow. They will be financially secure while the Teamster members are scrambling to get one of the few jobs available elsewhere. ABF will not hire all of you. You will be competing for jobs at the non union carriers.
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Gee Yellow, Roadway, Holland, New Penn and Readaway at one time were all competing for the same freight , I suppose that was the unions fault?
 
Razorblade said:
Reason and logic:
If YRC labor has a higher cost per hour of labor than it's competition, YRC will be unable to compete with pricing.
If a driver is paid to wait while a yard guy is paid to do the drop and hook, 2 people are being paid to do the work. 2 people are receiving sick days, vacations, holidays, healthcare and pension. 2 people are costing the employer unemployment and workers comp insurance. The driver is more than capable of dropping, hooking, splitting the set and putting trailers against the dock or in the proper spots in the yard. That driver is being paid, he should be productive.
Road drivers dispatched with an empty trailer should be routed, if possible, to a customer to pick up a spotted, loaded trailer. Dropping an empty at a customer, picking up at a customer enroute should be the norm. Cost effective driver utilization only makes sense in a competitive industry.
History:
Really? 600+ union companies gone while FedEx Freight became the largest LTL carrier in less than 20 years. Old Dominion, Estes and Conway (XPO) growing and thriving in the same economic environment that brought down those 600+ Teamster companies.
Like all those 600+ companies, YRC upper management is positioning and preparing themselves for the demise of Yellow. They will be financially secure while the Teamster members are scrambling to get one of the few jobs available elsewhere. ABF will not hire all of you. You will be competing for jobs at the non union carriers.
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This is different than 2020, 2019, 2018, 2017, 2016......how?
Oh no that sky looks even lower than before!
I guess I don't understand the whole concept of your posts, are you trying to scare people or are you trying to make yourself feel good or smart? Please explain where you are going with this, thanks.
 
When deregulation hit most companies were union so of course it can be said that many union companies folded. Blade your go to example is always a road driver setting on his azz while a yardman does a break & hook. LH drivers came into my yard & did their paperwork while their set was being hooked. Seems like good use of time to me. :kicking: :1036316054:
 
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