Less-than-truckload carrier Yellow Corp. reported its best first quarter in six years, (just wow).
Yellow (NASDAQ: YELL) reported a net loss of 54 cents per share in the first quarter, which was less than half the loss recorded in the 2021 first quarter but worse than the consensus estimate calling for a 41-cent-per-share loss.
Annnnnndddddd.......the killer shot
Yellow ended the quarter with $277 million in available liquidity, compared to $423 million a year ago. Outstanding debt increased 10% year-over-year to $1.61 billion.
The only thing these people know how to do is spend money.......Just SMH
Yellow Corp. trims losses in Q1, says terminal closures will cut costs - FreightWaves
The Dumpster Fire Burns Brighter Than Ever
Discussion in 'LTL and Local Delivery Trucking Forum' started by Opus, May 11, 2022.
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bumper Jack, bzinger, blairandgretchen and 1 other person Thank this.
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What the hell is going on with this place?
Edit - 99.3% OR is trash. Just trash. Barely surviving. Who is propping this up?bumper Jack and bzinger Thank this. -
runningman0661, blairandgretchen, bumper Jack and 8 others Thank this.
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If a company cant keep their doors open then let the axe fall so a new smarter company(s) can take over.Magoo1968, blairandgretchen, bumper Jack and 6 others Thank this. -
Dollar Bill Zollars still screwing things up!
BILL ZOLLARS - THE WORST CEO IN THE HISTORY OF LTL TRANSPORTATION HAS DEPARTED
POSTED ON AUGUST 01, 2011
August 1, 2011: Bill Zollars, the worst CEO in the history of LTL transportation has finally left the building but what he has left behind still lingers as an ongoing concern. Despite the town-hall meeting celebration that took place on Friday, YRCW really has nothing to celebrate. They are not out of the woods yet. Someday they will have to show a profit. Rumours for the past month internally and externally was that YRCW made a profit, but they didn't. They lost 38.7 million dollars. Sure they lost less money than they did in the first quarter, but they still haven't posted a profit in four years. It's ridiculous that this company spins its ills as thrills of greatness.
not to mention a Union that constantly gives concessions to YRCWLast edited: May 11, 2022
blairandgretchen, bumper Jack, Another Canadian driver and 2 others Thank this. -
Here are several stories about what happened regarding that $700 million government bailout:
YRC Worldwide Inc.
Typical corrupt corporate welfare using the levers of power to fill up their cronies' pockets. Depending on your politics or critical thinking ability, you'll either 1) agree that the whole deal was as dirty as it gets, or 2) stick your head in the sand and call it fake news (otherwise known as "shooting the messenger").blairandgretchen, Another Canadian driver and Gearjammin' Penguin Thank this. -
just_sayin, Aamcotrans and Another Canadian driver Thank this.
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YRCW’s problems have far more to do with Dollar Bill Zollars and corrupt Teamster leadership than a measly 700 million dollar loan. It started with deregulation initiated by Carter and signed by Reagan
Another Canadian driver Thanks this. -
Right now they are merging terminals. This quarter they are working the west coast merging Reddaway and YRC. New Penn and Holland are towards the end of the year.
I am skeptical if I will have a job. They are bringing ten people in once they close the YRC barn down across the city. My friends and myself won't have enough seniority to survive this.
You'd think that the people above me would breath a sigh of relief, but the reality is everyone is seeing the writing on the wall. This thing is falling apart fast and nobody wants to admit it.blairandgretchen, Another Canadian driver, bzinger and 3 others Thank this. -
Another Canadian driver, blairandgretchen, bzinger and 1 other person Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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