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Posted: 7/31/2023 6:50:48 AM EDT
[#1]
Quote HistoryQuoted: So the Union didn't save it? Like always, a big hand in killing it. |
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Posted: 7/31/2023 7:14:33 AM EDT
[#2]
Our economy has taken some serious blows in the last few years. THIS one could have larger potential pain than most as the economy is so fragile at this exact moment. I wonder what the lost time/value/inventory/lost run time is going to be due to the disruption of YF shutting down.
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Posted: 7/31/2023 7:26:11 AM EDT
[#3]
I have a relative who worked for Yellow. This has been a long time coming. The back and forth between the executives and the Schemesters has been killing the company. They have had big issues with theft and deliberate damage or loss of freight by employees in retaliation for cost cutting measures like pay cuts. Meanwhile the C-suites were giving themselves huge pay increases and bonuses while the company was floundering. Sadly it's the good honest employees who suffer from it.
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Posted: 7/31/2023 7:39:04 AM EDT
[#4]
Quote HistoryQuoted: Not this time. This has been coming for over a decade. Yellow is just a shell of what it once was and it's all due to poor management. I did some work at a Yellow facility about a decade ago and they went from a full house to a skeleton crew nearly overnight. It looked like a ghost town after the "restructuring". Meanwhile, just 20 miles down the road a tiny little ODFL freight terminal has grown into the physically largest and highest volume (in tonnage) terminal in the company. If Yellow had been managed right, they would have seen the same growth and profit that other freight carriers have achieved. Still non union? 
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Posted: 7/31/2023 7:41:38 AM EDT
[#5]
Quote HistoryQuoted: I have a relative who worked for Yellow. This has been a long time coming. The back and forth between the executives and the Schemesters has been killing the company. They have had big issues with theft and deliberate damage or loss of freight by employees in retaliation for cost cutting measures like pay cuts. Meanwhile the C-suites were giving themselves huge pay increases and bonuses while the company was floundering. Sadly it's the good honest employees who suffer from it. Sorta like the us gov elected officials vs the citizens? They get rich while destroying the country via stupid decisions whos main goal is making them rich ? |
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Posted: 7/31/2023 8:58:22 AM EDT
[#6]
Quote HistoryQuoted: Not really. It's just put out there to make trump look bad. Remember Solyndra? They didn't even make anything, was just a $570 million disappearing act by Obama Biden. At least yellow actually provided a service. “Just”? It does look bad because it is bad. Corporations sucked down every drop of free socialistic money sent their way at the expense of the tax payer and for 700 million the tax payer gets nothing in return for the “loan”. |
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Posted: 7/31/2023 9:02:12 AM EDT
[#7]
Quote HistoryQuoted: Would that debt be serviceable in an economy that wasn't collapsing? If so then it is Biden's fault I’m not wanting to defend Biden here but the economy was on its way to collapse prior to bidens term. |
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Posted: 7/31/2023 9:04:18 AM EDT
[#8]
Quote HistoryQuoted: FYI there were two earlier threads on the firm shutting down... Yesterday: https://www.ar15.com/forums/General/Trucking-giant-Yellow-SHUTS-DOWN/5-2662281/ Five pages from Saturday: https://www.ar15.com/forums/General/Trucking-firm-Yellow-SHUTS-DOWN-operations-and-lays-off-huge-swath-of-workers/5-2661952/ Quote HistoryQuoted: FYI there were two earlier threads on the firm shutting down... Yesterday: https://www.ar15.com/forums/General/Trucking-giant-Yellow-SHUTS-DOWN/5-2662281/ Five pages from Saturday: https://www.ar15.com/forums/General/Trucking-firm-Yellow-SHUTS-DOWN-operations-and-lays-off-huge-swath-of-workers/5-2661952/ |
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Posted: 7/31/2023 9:08:36 AM EDT
[#9]
Fuck the Teamsters union
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Posted: 7/31/2023 9:19:44 AM EDT
[#10]
Quote HistoryQuoted: Another domino falls. The collapse is gonna be awesome. Eh, there are a lot of service industry and other lower paying jobs that need to be filled. 30k people desperate for work with bills to pay just entered into the employment search. |
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Posted: 7/31/2023 9:31:34 AM EDT
[#11]
This isn’t a shocker. YRC has been in dire financial straights for last 30 + years now.
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Posted: 7/31/2023 9:33:26 AM EDT
[#12]
Quote HistoryQuoted: Like always, a big hand in killing it. Quote HistoryQuoted: Quoted: So the Union didn't save it? Like always, a big hand in killing it. some of you guys probably still blame the union for Boeings 737Max Fiasco...just cannot admit to incompetent management destroying businesses at a much faster rate than unions ever could. |
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Posted: 7/31/2023 9:37:33 AM EDT
[#13]
I always laugh when Unionistas push so far that they all lose their jobs.
Guess they can learn to code |
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Posted: 7/31/2023 9:42:54 AM EDT
[#14]
Quote HistoryQuoted: Not really. It's just put out there to make trump look bad. Remember Solyndra? They didn't even make anything, was just a $570 million disappearing act by Obama Biden. At least yellow actually provided a service. Quote HistoryQuoted: Quoted: 700 Million in Covid payout. Think about that for a sec, that's a lot of scratch. Not really. It's just put out there to make trump look bad. Remember Solyndra? They didn't even make anything, was just a $570 million disappearing act by Obama Biden. At least yellow actually provided a service. Solyndra was no doubt a disaster.. that being said it pales in comparison to the socialism packages passed by congress and signed by the president in 2020. Those bills passed in 2020 were the largest slide toward socialism this country has ever seen. Further more the fraud rate is astounding, especially concerning these PPP ‘loans’. |
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Posted: 7/31/2023 10:00:55 AM EDT
[#15]
How do you like your Union job now?!
Way to kill your golden goose, fuckers. |
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Posted: 7/31/2023 10:05:57 AM EDT
[#16]
GD is about as bad on trucking as it is on Aviation topics. Most have no clue of WTF they're talking about.
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Posted: 7/31/2023 10:16:50 AM EDT
[#17]
Regardless, I think shipping costs for the average Joe on the street will go up. I know at B&H Photo where I buy camera equipment they have raised the min purchase from $35 to $50 for the shipping to be free. And I think some of things at the Wall-Mart etc will probably go up a bit to reflect the added costs.
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Posted: 7/31/2023 10:17:33 AM EDT
[#18]
Quote HistoryQuoted: One of those is actually the OP. Dude actually duped himself lol. Quote HistoryQuoted: Quoted: FYI there were two earlier threads on the firm shutting down... Yesterday: https://www.ar15.com/forums/General/Trucking-giant-Yellow-SHUTS-DOWN/5-2662281/ Five pages from Saturday: https://www.ar15.com/forums/General/Trucking-firm-Yellow-SHUTS-DOWN-operations-and-lays-off-huge-swath-of-workers/5-2661952/ Don't worry. 80085 is here to white knight OP. |
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Posted: 7/31/2023 10:20:49 AM EDT
[#19]
Quote HistoryQuoted: I don’t think this is a Biden administration fault. This seems to be a compounded issue of many problems over the years culminating in unserviceable debt. Quote HistoryQuoted: Quoted: Bidenomics at work! The adults are back in charge. I don’t think this is a Biden administration fault. This seems to be a compounded issue of many problems over the years culminating in unserviceable debt. Sounds like our government. |
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Posted: 7/31/2023 10:28:06 AM EDT
[#20]
Yellow stock is up 122% today
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Posted: 7/31/2023 10:33:36 AM EDT
[#21]
My uncle owns a trucking company (among several other companies) and is trying to get out of the business altogether. He has a few decent drivers but as a whole, they are sketchy and unreliable. Lie about location despite GPS trackers, poor care for their trucks despite contractor maintenance, randomly can’t work, etc. He has begun to hire Puerto Rican drivers lately which have been better for him, but still somewhat unreliable.
Insurance is out of the roof for the company. He had a driver run over a motorcyclist recently, and is being sued despite the guy not having an endorsement, being drunk, and some other factors. Slimy lawyer took the case and is causing headaches. Clients are always complaining about rates and shipment times etc. Breakdowns only happen as far as possible from the shop. On top of that, he randomly gets a former/aspiring Teamster that slips through the cracks and they ALWAYS cause problems for him. A few months ago, he hired a guy who turned out to be related to a union organizer. The guy staged a strike and he lost quite a few workers for the day. Of course, he called a friend and the guy had several seasonal drivers that picked up the slack. Organizer was fired but he just doesn’t have the drivers to replace the other guys so they were not fired. The freight business just seems to be a headache and Unions send it into the “don’t touch with a 10ft pole” territory. |
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Posted: 7/31/2023 10:39:11 AM EDT
[#22]
Quote HistoryQuoted: The Union blamed Yellow’s management/executive team. Yellow blamed the Union. 30K people out of a job because less than 20 people couldn’t pull their heads out of their asses.  Quote HistoryQuoted: Quoted: So the Union didn't save it? The Union blamed Yellow’s management/executive team. Yellow blamed the Union. 30K people out of a job because less than 20 people couldn’t pull their heads out of their asses. I question whether they were salvageable at this point in time despite any desires of mgt or craft. |
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Posted: 7/31/2023 10:39:46 AM EDT
[#23]
Quote HistoryQuoted: some of you guys probably still blame the union for Boeings 737Max Fiasco...just cannot admit to incompetent management destroying businesses at a much faster rate than unions ever could. I'm sure bad management is a thing many times in history but one thing you virtually never hear is a union making a company stronger and more successful. If unions were good for business, we wouldn't have this massive long term attrition of unions going back decades now. If unions weren't run by absolute chuckleheads, they would have figured out long ago that the best way for them to demand higher pay would be to find a way to provide added value to employers. What employer wouldn't have killed for a trained, skilled, disciplined and essentially turnkey workforce over the past two years? Instead the relationship between unions and management is almost always adversarial. |
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Posted: 7/31/2023 10:42:13 AM EDT
[#24]
Quote HistoryQuoted: The Teamsters Union should buy the company assets and start a new delivery company to show America how great things are when the workers control the means of production.  Responsible for something? Unions don't play that.
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Posted: 7/31/2023 10:48:08 AM EDT
[#25]
Quote HistoryQuoted: I don't think this is a Biden administration fault. This seems to be a compounded issue of many problems over the years culminating in unserviceable debt. Quote HistoryQuoted: Quoted: Bidenomics at work! The adults are back in charge. I don't think this is a Biden administration fault. This seems to be a compounded issue of many problems over the years culminating in unserviceable debt. |
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Posted: 7/31/2023 10:51:21 AM EDT
[#26]
Quote HistoryQuoted: Don't worry. 80085 is here to white knight OP. I’d much rather be white knight to op than a dupe nazi in every duped thread. |
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Posted: 7/31/2023 11:21:24 AM EDT
[#27]
'Teamsters have kept this company afloat for more than a decade through billions of dollars in wage, pension and work-rule concessions,' a union spokesman said. This comment, separate from any of the rest of the story, is a pretty nice description of what unions have become and a nice illustration of the way they think. Essentially he's saying "we, the parasite, have sucked only so much blood from our host as to not kill it for decades. The host should thank us for our generosity." |
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Posted: 7/31/2023 11:27:01 AM EDT
[#28]
The Golden parachutes were already packed and locked away.
The reserves they got at Surplus Sams at a deep discount because they were expired and they got a great deal for buying in bulk will now be deployed, however worthless they are. |
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Posted: 7/31/2023 12:01:06 PM EDT
[#29]
Logistics / freight broker / Trucking company guy for 30 years here.....
I always said that when the trucking / freight industry is starting to go tits up we are going to be in serious trouble..... AND we are in serius trouble! My company....... a large Trucking company in CO. 75 % drivers are total shit and worthless and when my old timers retire in the next 3-5 years its going to suck. Equipment now costs double what it did 5 years ago and is total garbage. I even have brand new trucks that break on thier maiden voyage. Service for repairs is terrible, parts shortages, long wait times for any service etc. We've had 2 truck fires the last two weeks with both truck and trailer total losses due to heat / brakes / tires. |
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Posted: 7/31/2023 12:03:01 PM EDT
[#30]
Quote HistoryQuoted: Not this time. This has been coming for over a decade. Yellow is just a shell of what it once was and it's all due to poor management. I did some work at a Yellow facility about a decade ago and they went from a full house to a skeleton crew nearly overnight. It looked like a ghost town after the "restructuring". Meanwhile, just 20 miles down the road a tiny little ODFL freight terminal has grown into the physically largest and highest volume (in tonnage) terminal in the company. If Yellow had been managed right, they would have seen the same growth and profit that other freight carriers have achieved. Is ODFL Unionized? |
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Posted: 7/31/2023 12:33:36 PM EDT
[#31]
Quote HistoryQuoted: Now they are. Still don't care. Dupe police are a cancer. Always have been. Queen hallmonitors in search of a modship offer. I liken them to the crossing guards when I was in Grade School, who were just 6th graders who got to get out of class 15 mins early to "Suit Up", put on their orange sash thing and stand in the road with arms out like a scare crow. |
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Posted: 7/31/2023 12:34:44 PM EDT
[#32]
Quote HistoryQuoted: Is ODFL Unionized? |
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Posted: 7/31/2023 12:41:46 PM EDT
[#33]
Quote HistoryQuoted: The Teamsters Union should buy the company assets and start a new delivery company to show America how great things are when the workers control the means of production. Best joke I have heard in a while. |
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Posted: 7/31/2023 1:45:20 PM EDT
[#34]
The government should stay out of business...they could have saved that 700 million and applied it to national debt. No business is too big to fail, someone will always be there to pick up the pieces, that is the beauty of capitalism.
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Posted: 7/31/2023 1:59:13 PM EDT
[#35]
Quote HistoryQuoted: Logistics / freight broker / Trucking company guy for 30 years here..... I always said that when the trucking / freight industry is starting to go tits up we are going to be in serious trouble..... AND we are in serius trouble! My company....... a large Trucking company in CO. 75 % drivers are total shit and worthless and when my old timers retire in the next 3-5 years its going to suck. Equipment now costs double what it did 5 years ago and is total garbage. I even have brand new trucks that break on thier maiden voyage. Service for repairs is terrible, parts shortages, long wait times for any service etc. We've had 2 truck fires the last two weeks with both truck and trailer total losses due to heat / brakes / tires. I have only been in the industry for 7 years and you arr correct it is an absolute mess. I am now on the maintenance side of things dealing with breakdowns and we averaging 350 breakdowns a week. 1400 for the month of June. Service is hard to get in many parts of the country and after hour rates are absurd. Parts shortages is a huge pain in the ass. Drivers constantly lie about the condition of their equipment and OP’s management is not scheduling PM because they can’t afford for equipment to be down. This a large national company that pulls a lot of grocery out of AWG dc’s. I am going back to school this fall and getting out of it for good. The writing is in the wall. |
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Posted: 7/31/2023 2:10:28 PM EDT
[#36]
Quote HistoryQuoted: I have only been in the industry for 7 years and you arr correct it is an absolute mess. I am now on the maintenance side of things dealing with breakdowns and we averaging 350 breakdowns a week. 1400 for the month of June. Service is hard to get in many parts of the country and after hour rates are absurd. Parts shortages is a huge pain in the ass. Drivers constantly lie about the condition of their equipment and OP’s management is not scheduling PM because they can’t afford for equipment to be down. This a large national company that pulls a lot of grocery out of AWG dc’s. I am going back to school this fall and getting out of it for good. The writing is in the wall. I just need this to ride out 3-5 more years and I can tell all of it to fuck off, once and forever.....and yeah Im fucking sick of it. |
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Posted: 7/31/2023 2:19:16 PM EDT
[#37]
Quote HistoryQuoted: some of you guys probably still blame the union for Boeings 737Max Fiasco...just cannot admit to incompetent management destroying businesses at a much faster rate than unions ever could. Quote HistoryQuoted: Quoted: Quoted: So the Union didn't save it? Like always, a big hand in killing it. some of you guys probably still blame the union for Boeings 737Max Fiasco...just cannot admit to incompetent management destroying businesses at a much faster rate than unions ever could. This as someone who has a relative that works at Boeing it was all Management. Like she literally went on unpaid leave for 6 months because she was so fed up with the incompetence of Management at Boeing and she is one of the Engineers. I've dealt with incompetent Management myself and am thankful I have a Union. Just because the majority of GD wants to work 12 plus hours a day 6 plus days a week for next to nothing does not mean those of us with any sense want to. |
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Posted: 7/31/2023 2:22:42 PM EDT
[#38]
Quote HistoryQuoted: GD is about as bad on trucking as it is on Aviation topics. Most have no clue of WTF they're talking about. This too, I get a kick out of it how clueless most are. Unions are another example of this. |
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Posted: 7/31/2023 2:23:59 PM EDT
[#39]
I don't know for certain but I can almost guarantee a "management Consultant" was advising Yellow at some level and the executives bought it hook, line and sinker....
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Posted: 7/31/2023 2:27:56 PM EDT
[#40]
Any word from the esteemed Transportation Secretary?
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Posted: 7/31/2023 2:30:43 PM EDT
[#41]
Never heard of her.
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Posted: 7/31/2023 2:52:53 PM EDT
[#42]
It was a recipe for disaster. Take the two worst bigger names in the LTL industry and merge so they can share their bad habbits. Then the acquire decent regional carriers and impart their bad habbits upon them We had a shipment from Norther MO to Central IA take over 3 weeks to deliver.
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Posted: 7/31/2023 3:07:06 PM EDT
[#43]
It's ALWAYS corporate GREED, repeatedly satisfied at the wage laborer's expense..
Follow the money. Look at the relative AMOUNTS. It NEVER flows DOWNWARD as much as it does UPWARD.. |
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Posted: 7/31/2023 3:13:50 PM EDT
[#44]
Quote HistoryQuoted: It's ALWAYS corporate GREED, repeatedly satisfied at the wage laborer's expense.. Follow the money. Look at the relative AMOUNTS. It NEVER flows DOWNWARD as much as it does UPWARD.. First post on a gun site. Click. |
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Posted: 7/31/2023 3:15:43 PM EDT
[#45]
hope i get my tiller
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Posted: 7/31/2023 3:20:22 PM EDT
[#46]
Quote HistoryQuoted: So the Union didn't save it? |
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Posted: 7/31/2023 3:24:15 PM EDT
[#47]
Quote HistoryQuoted: All three threads are on page one |
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Posted: 7/31/2023 3:27:08 PM EDT
[#48]
Quote HistoryQuoted: Strongest economy evah! Consolidated went under and we were not in a fucked economy. This is just poor management results. ETA: I have been in trucking for..... oh lord, since 1988. I have seen carriers go belly up on a pretty regular basis. CFL Overnight and a few other large OTR carriers. 
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Posted: 7/31/2023 3:36:39 PM EDT
[#49]
Quote HistoryQuoted: You realize this is a trucking company, s ? Nice move there advocating for more IS based business to move outside the country. That's how we got into the mess we're in right now. Quote HistoryQuoted: Quoted: Close down ops in US. Open up in Mexico hire cheap labor without corruption of union. You realize this is a trucking company, s ? Nice move there advocating for more IS based business to move outside the country. That's how we got into the mess we're in right now. |
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Posted: 7/31/2023 3:41:17 PM EDT
[#50]
Quote HistoryQuoted: I don’t think this is a Biden administration fault. This seems to be a compounded issue of many problems over the years culminating in unserviceable debt. You’re right, nothing the Democrats have done to gas prices, inflation, corruption, union support, mismanagement, illegal aliens, epa shit, …they are not responsible, just a dumb company |
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