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Yellow | Yellow posts Q1 loss as costs jump

This company is bleeding away the concessions they received from the voting members, plus the free gift from the government. These people at the top of the company chain are the ultimate winners in the drive to the inevitable. Next contract, stay united for what YOU want. These people are corporate rapist , if you continue to bend over, you get what you settle for. Be STRONG, demand PENSION stability, and change your course. Take care, and be strong brothers..
 
muddog said:
This company is bleeding away the concessions they received from the voting members, plus the free gift from the government. These people at the top of the company chain are the ultimate winners in the drive to the inevitable. Next contract, stay united for what YOU want. These people are corporate rapist , if you continue to bend over, you get what you settle for. Be STRONG, demand PENSION stability, and change your course. Take care, and be strong brothers..
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Getting rid of purchase transportation should be priority number one! Let's get all the stewards and BA's working on proving the company is going over the eight percent mileage limit and get this contract opened back up!
 
Freightmaster1 said:
www.freightwaves.com

Yellow posts Q1 loss as costs jump

Less-than-truckload carrier Yellow Corp. reported a sizable first-quarter loss Wednesday as weather, increased purchased transportation expense and a lack of gains on real estate sales weighed on the period.
www.freightwaves.com www.freightwaves.com

spider man crying GIF
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ODFL faced the same exact weather and operated at 75. With much higher equipment costs since they operate a newer safer fleet.
It may be time to end this nightmare.
Remember they did this with $700 MILLION in corporate welfare.
If ODFL received that much in corporate welfare they would have operated a at a 25.

This may just be beyond repair...
 
Puff Driver said:
ODFL faced the same exact weather and operated at 75. With much higher equipment costs since they operate a newer safer fleet.
It may be time to end this nightmare.
Remember they did this with $700 MILLION in corporate welfare.
If ODFL received that much in corporate welfare they would have operated a at a 25.

This may just be beyond repair...
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How much did it cost them in overtime, pension & medical?
 
GO40 said:
Thought it was for new equipment….
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It was for new equipment and health and wellness, yet still lose money!!!!
investors.myyellow.com

YRC Worldwide Expects To Receive $700 Million CARES Act Loan from U.S. Treasury | Yellow Corporation

OVERLAND PARK, Kan. , July 01, 2020 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (NASDAQ: YRCW), the nation’s second largest less-than-truckload (LTL) shipping company, today announced that the United States Department of the Treasury (“UST”) intends to provide a $700 million loan to YRCW under
investors.myyellow.com investors.myyellow.com
 
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Peddleguy said:
It was for new equipment and health and wellness, yet still lose money!!!!
investors.myyellow.com

YRC Worldwide Expects To Receive $700 Million CARES Act Loan from U.S. Treasury | Yellow Corporation

OVERLAND PARK, Kan. , July 01, 2020 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (NASDAQ: YRCW), the nation’s second largest less-than-truckload (LTL) shipping company, today announced that the United States Department of the Treasury (“UST”) intends to provide a $700 million loan to YRCW under
investors.myyellow.com investors.myyellow.com
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You didn’t answer my question….
 
GO40 said:
Thought it was for new equipment….
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From this article: https://www.wsj.com/articles/trucke...-third-of-its-u-s-coronavirus-aid-11603147756

"YRC has borrowed $245 million from a $300 million tranche designated for the payment of health, pension and other obligations, according to an August securities filing and a Treasury department spokeswoman. A YRC spokesman declined to comment further ahead of the company’s expected third-quarter earnings release in the coming weeks.

As of the third quarter, YRC hadn’t requested funds from a second tranche of $400 million earmarked for buying new trucks and trailers, the Treasury spokeswoman said. That portion of the loan is subject to a capital spending plan that must be approved by Treasury every quarter based on YRC’s most recent financial and operating results and updated performance projections."
 
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