Yellow | Reality is Reality

[brincko]

That isn't quite right, brother. Yellow is about $7.85 less than XPO around here, and $7.35 less than Estes. The trade-off?? Our insurance is worth about $12/hour, while theirs is worth a very small fraction of that. Not sure about XPO, but the Estes guys tell me there really isn't any retirement contribution there. Haven't been able to verify if that's the fact, but that's what two of their guys have told me.

Yeah, they always discount the value of benefits. They buy them off with increased wages at a rate that is less than the value of the benefits. Then there are higher premiums and co-pays. Whatever is left over ends up getting spent and then you're old and have nothing to show for it.

 

[brincko]

Yippeeeeeee!!!!!!!
We all get to start under you.....isn't that just ****ing fanfuckingtastic....if we get in at all.
I heard an ABF guy waited 10 years to get a bid time.
Half of us will be retired by then ****ing wonderful!
So enlightening and smart!
Keep this business all to yourself.

You'll always be under me. While I sit at home on the couch, these fat checks keep showing up in my checking account every two weeks. The ABF guy will be getting one too because he's willing to do what he needs to do. When he retires he'll continue to get paid and when you retire you'll be broke.

 

[slavenomore]

You'll always be under me. While I sit at home on the couch, these fat checks keep showing up in my checking account every two weeks. The ABF guy will be getting one too because he's willing to do what he needs to do. When he retires he'll continue to get paid and when you retire you'll be broke.

And what exactly is he doing that he needs to do?
Put his company under?
Why didn't they do that?

 

[Puff Driver]

That first paragraph says it all, wish more people understood that!!

When was that standard set, in 1940? All of the competitors charged the same and paid the same.
Problem is they cannot exist in a competitive world. Once they go against unequals they lose very time.

 

[Razorblade]

Yellow absolutely did NOT kill the pension, deregulation killed the pension, do you realize there is roughly 350,000 retirees and approximately 35,000 contributing members? All these companies that went out of business(orphans), and the United States Govt sticking their nose in it years ago is what killed the pension!

Correct. The government should never have gotten involved in transportation. Had there never been a government regulated (socialist) trucking environment, free market competition would have created a system that worked for employers, employees, and the consumer.

 

[Razorblade]

When was that standard set, in 1940? All of the competitors charged the same and paid the same.
Problem is they cannot exist in a competitive world. Once they go against unequals they lose very time.

That is the natural evolutionary standard, adapt or die.

 

[Sumting Wong]

Yippeeeeeee!!!!!!!
We all get to start under you.....isn't that just ****ing fanfuckingtastic....if we get in at all.
I heard an ABF guy waited 10 years to get a bid time.
Half of us will be retired by then ****ing wonderful!
So enlightening and smart!
Keep this business all to yourself.

I was offered a bid after 9 years but turned it down due to what time it ran and also the day off. Finally took a bid after 12 years. At 13 years went back to the extra board for six months. Since then we have had people with less than 18 MONTHS get bids but currently bottom guy with a bid has around 5 years. Just depends on which terminal you are at. Some of the foreign bid drivers have bids with less than two years but they reason they are able to get them is that they are turns at our terminal will less than 400 miles which is too small of a paycheck for most drivers.

 

[razrbax]

Folks come on not trying to be the bear here but reality is reality. It’s over the yellow pig is done the titanic has sunk. They didn’t layoff but terminated all of management and office staff it’s all gone. Unfortunately it’s all a wash don’t pay attention to the stock as it’s played off strategies and get rich quick schemes. Who can stack the most PUT options and become a millionaire. Reality is the Union has done nothing but ruin the freight industry bottom line. Only 2 originals remain and one bought themselves out of the union in the 90’s but that is ABF that’s still union and MME Midwest Motor Express that was once union and now is no longer union and the oldest LTL company in business today. MME opened its doors in 1918 way before ABF and Yellow and once union no longer not. Bottom line anyone of you looking a job in the Midwest, Pacific Northwest and Norther Frontier and what ever region Colorado and Utah would be considered MME has a job for you. Line haul .77cpm Teams .84cpm and city 34.50$ an hour. Insurance is on the low depending if you or the spouse smoke or not. Vision and dental are free health insurance for a smoker as low as 25$ a week. They pay 80% up to the dect. Brand new trucks freightliner and international. Depending on location speed set at 67-74mph git ER done. Home every day options along with laydown options company provided hotel on single seat laydowns. Bottom line is folks talk sh!t about swift/knight but they are the new modern day Roadway/Yellow in the LTL sector with AAA/MME and Ward Trucking. Anyone out of 326 KC hit me up I was hired during the Tim and Dug Era.

Don't expect a layoff letter in the near future if at all. I would suspect the company will file either chapter 11 or chapter 7 soon. When that happens, the union workforce will be immediately terminated. Sucks but that's how it works.

 

[Abfhammer]

You'll always be under me. While I sit at home on the couch, these fat checks keep showing up in my checking account every two weeks. The ABF guy will be getting one too because he's willing to do what he needs to do. When he retires he'll continue to get paid and when you retire you'll be broke.

Amen Brotha !!!

 

[steercrazee]

That isn't quite right, brother. Yellow is about $7.85 less than XPO around here, and $7.35 less than Estes. The trade-off?? Our insurance is worth about $12/hour, while theirs is worth a very small fraction of that. Not sure about XPO, but the Estes guys tell me there really isn't any retirement contribution there. Haven't been able to verify if that's the fact, but that's what two of their guys have told me.

Estes matches up to 8%. The big difference is Estes ,O.D, Saia, R&L. X.P.O, South Eastern Freight. Fed Ex, Dayton, etc are still in business and growing and Yellow is now part of the past.

 

[steercrazee]

You'll always be under me. While I sit at home on the couch, these fat checks keep showing up in my checking account every two weeks. The ABF guy will be getting one too because he's willing to do what he needs to do. When he retires he'll continue to get paid and when you retire you'll be broke.

What a damn sour narcissist attitude. You sound like one the elite and the world revolves around you. It doesn't work that way. Im glad you did well but don't be a jerk.

 

[steercrazee]

Yeah, they always discount the value of benefits. They buy them off with increased wages at a rate that is less than the value of the benefits. Then there are higher premiums and co-pays. Whatever is left over ends up getting spent and then you're old and have nothing to show for it.

There are a lot of people who never worked for a union outfit and have retired early and doing well. You have a biased outlook that doesn't match reality.

 

[Razorblade]

Yeah, they always discount the value of benefits. They buy them off with increased wages at a rate that is less than the value of the benefits. Then there are higher premiums and co-pays. Whatever is left over ends up getting spent and then you're old and have nothing to show for it.

"Whatever is leftover ends up getting spent." Why? Lack of planning? Irresponsible thinking? Bad choices? No personal responsibility?
You just posted that people get old and have nothing because they were too dumb to plan for retirement!

 

[Jaloc]

It really would be nice if people researched Central States pension fund and what happened and how it works rather than always pointing the finger at Yellow and UPS.

UPS should have never been allowed out of these pension funds! Why is 710 pension over funded because UPS still contributes to the fund.

 

[BIG R GUY]

Oversight of Teamsters Pension Funds by U.S. Ends After 40 Years

Readers may recall a previous article in the EPTW earlier this year talking about the incredible amount of money (billions) the government has provided to union pension funds in the way of special financial assistance provided through the Pension Benefit Guaranty Corporation (PBGC) as provided...

www.aseonline.org

Interesting article. Anyone around back in the late 70’s should remember this.

 

[Triplex]

Oversight of Teamsters Pension Funds by U.S. Ends After 40 Years

Readers may recall a previous article in the EPTW earlier this year talking about the incredible amount of money (billions) the government has provided to union pension funds in the way of special financial assistance provided through the Pension Benefit Guaranty Corporation (PBGC) as provided...

www.aseonline.org

Interesting article. Anyone around back in the late 70’s should remember this.

I sure do remember!

 

[Real Teamster]

I sure do remember!

Those of us in the Western fund, who are green-zoned since the inception of those zones, frankly, feel sympathy for the Central States bunch. You have been bamboozled, hood-winked, promised the moon just to have it pulled out from under you, etc. etc. I am very thankful that my pension check originated with WTPT. By the way, my monthly deposit doesn't come from them. They bought an annuity from Prudential when I exercised my pension, which is the source of my monthly deposit.

 

[Puff Driver]

Oversight of Teamsters Pension Funds by U.S. Ends After 40 Years

Readers may recall a previous article in the EPTW earlier this year talking about the incredible amount of money (billions) the government has provided to union pension funds in the way of special financial assistance provided through the Pension Benefit Guaranty Corporation (PBGC) as provided...

www.aseonline.org

Interesting article. Anyone around back in the late 70’s should remember this.

All too well.

 

[Jaloc]

Oversight of Teamsters Pension Funds by U.S. Ends After 40 Years

Readers may recall a previous article in the EPTW earlier this year talking about the incredible amount of money (billions) the government has provided to union pension funds in the way of special financial assistance provided through the Pension Benefit Guaranty Corporation (PBGC) as provided...

www.aseonline.org

Interesting article. Anyone around back in the late 70’s should remember this.

Remember this consent decree? Remember how all only our black teamster brothers in Chicago each got a $30,000 check over a fake noose found in the bathroom while we were suffering from a 15% wage cut?

$10 Million Consent Decree Ends Racial Harassment Case Against YRC/Roadway Express

Federal Magistrate Judge Susan E. Cox has granted preliminary approval to a $10 million, five-year consent decree which will end the U.S. Equal Employment Opportunity Commission's (EEOC) race harassment and discrimination lawsuit against Roadway Express and YRC, Inc. In addition to the...

www.eeoc.gov

 

[Real Teamster]

Remember this consent decree? Remember how all only our black teamster brothers in Chicago each got a $30,000 check over a fake noose found in the bathroom while we were suffering from a 15% wage cut?

$10 Million Consent Decree Ends Racial Harassment Case Against YRC/Roadway Express

Federal Magistrate Judge Susan E. Cox has granted preliminary approval to a $10 million, five-year consent decree which will end the U.S. Equal Employment Opportunity Commission's (EEOC) race harassment and discrimination lawsuit against Roadway Express and YRC, Inc. In addition to the...

www.eeoc.gov

Jaloc, I'm wondering who put that "fake noose" in the bathroom? Could it possibly be one or more of the "victims"? Just wonderin'