What's the actual beef with YRC

Discussion in 'LTL and Local Delivery Trucking Forum' started by Mike2633, Apr 12, 2015.

  1. Mike2633

    Mike2633 Road Train Member

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    I know this debate and trouble at Yellow-Roadway Corp has been going on since what like 2008 now?
    What is and I realize this is a loaded question, but at the core what is the trouble with YRC?

    I know that it was kind of a tale wagging the dog situation, kind of like with Burlington Northern merged with Frisco, and basically Yellow took on a bunch of debt to buy a company that was bigger then they were.

    Also how did YRC end up getting all the old TNT-USF companies and NewPenn and Greatwide and all that jazz?
     
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  3. joseph1135

    joseph1135 Papa Murphy

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    Their financial issues! They almost went under a few times and were actually considering asking the government for a bailout.
     
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  4. Honch

    Honch Light Load Member

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    Yellow
    Ruins
    Companies
     
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  5. Vilhiem

    Vilhiem Road Train Member

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    The piss bottles I see chucked out of trucks at truck stops are proof enough of that... Nobody wants anything yellow nearby them it seems.

    Ive nothing useful to add...unless my humor is useful. Then I'm here all week.
     
  6. Mike2633

    Mike2633 Road Train Member

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    What's you're favorite Rush Album? I like Permanent Waves, Moving Pictures, Exit Stage Left, Different Stages, and also I like songs from Power Windows and Grace Under Pressure. Also Hemispheres that's a good one and I didn't like it at first, but Roll the Bones grew on me as well.
     
  7. Shaggy

    Shaggy Road Train Member

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    Whoa, When did Eddie Trunk become a member?!

    PSA: That Metal Show can be seen here. http://www.vh1.com/shows/that_metal_show/video/full-episodes/
     
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  8. ACH1130

    ACH1130 Road Train Member

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    They seem to be doing better. Heard they were getting new tractors. Yea the 15% pay cut sucked but I was able to use that to your advantage lol. I ran the road for them, and averaged anywhere from 800-950 after everything taken out. I wasn't at top rate yet
     
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  9. joseph1135

    joseph1135 Papa Murphy

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    That's like asking me to pick a favorite child, I love every Rush album. Grace Under Pressure and Power Windows have really great stuff. Counterparts and Permanent Waves are two I can listen to all the way through over and over again, but Vapor Trails is really catching me lately. There are some excellent songs on there that I never have given a chance to, as well as Snakes and Arrows. I have to say those two are in heavy rotation right now.
     
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  10. Radman

    Radman Road Train Member

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    Yeah they just swapped 18mil in loans for shares. That means the people they owed money took the shares. That translate into confidence in the company to do that. It freed up money for equipment is what they are saying. 3 1/2 yrs more YRC gonna have to pay. There's no way the -15% stays next time. Their gonna have to give it back and add more. Especially after the top executive got a 8 mil bonus. People are pretty fuming about that.

    I'm taking home after taxes, -15%, 950-1000k a week on my bid. That's at .46cpm. I'm gonna be topped out here soon at .52cpm so I should be taking home 1000-1100 a week after taxes etc. We pay no medical here either. Break down, waiting, fueling, drop and hooking sets, all hourly and paid for. I know people at OD paying 400 a month for health benefits. Our health insurance is considered the best in the industry. One of the main things that keep older drivers from jumping ship. Making 80k a year is plenty for me here. Also this company is very laid back compared to the other LTL's. One of my coworkers said this is the closest thing to old school trucking left. A lot of the other LTL's are very corporate now and A lot more rules to follow and plenty of drivers knocking at the door to replace you if you screw up.
     
  11. Mike2633

    Mike2633 Road Train Member

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    I do about somewhere in there after taxes for GFS depending on the week last week was heavy so I would be in there week before last was a tad light so my pay check wasn't bad, but it wasn't $800 after taxes either. Humm...
     
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