Yellow Freight closure thread

Discussion in 'LTL and Local Delivery Trucking Forum' started by ColoradoLinehaul, Jun 26, 2023.

  1. Opus

    Opus Road Train Member

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    It means that Estes just made $26 million for filing a bunch of paperwork.
     
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  3. KaoMinerva

    KaoMinerva Transcendent God

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    Woah
     
  4. mpow66m

    mpow66m Heavy Load Member

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    Is Estes a good company to work for?
     
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  5. Opus

    Opus Road Train Member

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    As good as any.
     
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  6. Old_n_gray

    Old_n_gray Road Train Member

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    You live in the northeast. Saia Estes Pyle Abf Od R and L pick one. All good. Good luck to you.
     
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  7. gentleroger

    gentleroger Road Train Member

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    This explains it reasonably well
    When is Working Overtime Not Worth it Financially? - Rinkydoo Finance
     
  8. KaoMinerva

    KaoMinerva Transcendent God

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    It depends on where you are. There are a lot of great things about Estes but there are also some things that will make you pull your hair out. Here's an example...

    I'm working today right? The cut time is 11am. I had to go to the dock, find the supervisor and make them close it. It's 1050am, and suddenly they wanna start loading more onto the trailer. Very frustrating because they could've loaded those 6 skids 2 hours ago.

    The cut time here is just that... A time they say. There's no real sense of urgency at times and it just extends your work day.
     
  9. hope not dumb twucker

    hope not dumb twucker Road Train Member

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    Cut time. They wanna throw two more skids on at the last moment, making your day longer. Show them what cut time really is. Granted may go to jail but it’ll make people think don’t do that.
     
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  10. McUzi

    McUzi Road Train Member

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    Some things I'd like to add:
    It is a completely irrational argument to make that overtime would ever be a financial detriment. Overtime results in a higher rate of pay and more quantity of hours worked for that pay rate. Because a higher rate and more hours is a mathematical win, it's not rational to think it's not a financial improvement.

    With that, the taxes that your employer withholds is based on the W-4 that you last filled out. Some folks never change their W-4 for years, although they'll get raises, change positions, work more overtime etc. Most folks completed that W-4 looking at exemptions as counting one for a dependent, one for a spouse etc. because someone told them to do so years ago and they never questioned it.

    What you SHOULD be doing is figuring out a very educated guess of where your total, all-in income will land at the end of the year and adjusting the W-4 accordingly. You should re-evaluate this every time you get a new bid, you get forced on a lot of o/t you didn't think of etc. (think MONTHS not days) AND on top of that, you should be doing this while including your spouses income (assuming you file jointly) into your calculations.

    The end result is you'll give the government a much smaller interest free loan, and the O/T bend-over fest won't sting like it used to, because you are baking that into a whole year's worth of tax withholdings.
     
  11. MACK E-6

    MACK E-6 Moderator Staff Member

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    Assuming for the moment @‘Olhand is right, is it possible his theory would work out based on working 55 hours a week for an entire year vs 70 hours for a year?
     
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