Yellow Corp. Q1

Discussion in 'Other News' started by Opus, May 3, 2023.

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  1. May 3, 2023 #1
    Opus

    Opus Road Train Member

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    Second verse, same as the first
    Yellow Corporation Reports First Quarter 2023 Results (yahoo.com)
    Net loss for first quarter 2023 was $54.6 million, or $1.06 per share, compared to net loss of $27.5 million, or $0.54 per share in the first quarter 2022.

    How is it even possible that a company can continue to loose money quarter over quarter and year or year and decade over decade, and still be in business?
     
    Opus, May 3, 2023
    Opus, May 3, 2023
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  3. May 3, 2023 #2
    fuller

    fuller Light Load Member

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    Good question. When I worked at Yellow, everything was falling apart. The dock was falling apart, the trucks were falling apart, the forklifts were falling apart, the yard goat was falling apart... They would not invest a single penny back into the terminal. And it certainly wasn't driver pay or benefits that were eating into profits.

    The money is going somewhere though...
     
    fuller, May 3, 2023
    fuller, May 3, 2023
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  4. May 3, 2023 #3
    LtlAnonymous

    LtlAnonymous Road Train Member

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    It just doesn't make sense. At all.
     
    LtlAnonymous, May 3, 2023
    LtlAnonymous, May 3, 2023
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  5. May 3, 2023 #4
    Opus

    Opus Road Train Member

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    paying debt.....that's why the banks won't call in their loans......they put Yellow out, they loose it all.
     
    Opus, May 3, 2023
    Opus, May 3, 2023
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  7. May 3, 2023 #5
    D.Tibbitt

    D.Tibbitt Road Train Member

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    That is basically half of the public companies listed on the markets.. Or so it seems.. It is a good question to ask.. A question im not sure we will ever find the answer to until the companies ultimately go under.
     
    D.Tibbitt, May 3, 2023
    D.Tibbitt, May 3, 2023
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  8. May 3, 2023 #6
    skallagrime

    skallagrime Road Train Member

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    I owe someome a million dollars, thats a me problem, i owe someone a BILLION dollars, thats a them problem...
     
    skallagrime, May 3, 2023
    skallagrime, May 3, 2023
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  9. May 3, 2023 #7
    bzinger

    bzinger Road Train Member

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    Never thought I'd see yrc get to the point they are .
    They are the laughing stock of ltl .
     
    bzinger, May 3, 2023
    bzinger, May 3, 2023
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  10. May 3, 2023 #8
    Cat sdp

    Cat sdp . .

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    Uber hasn’t turned a profit yet……
     
    Cat sdp, May 3, 2023
    Cat sdp, May 3, 2023
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  11. May 3, 2023 #9
    LoneRanger

    LoneRanger Road Train Member

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    but Ubers investors are starting to feel the pinch, reason why Uber has resulted in taking bigger percentage of the cost of a ride. Averaging at about 65-75%
     
    LoneRanger, May 3, 2023
    LoneRanger, May 3, 2023
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  12. May 3, 2023 #10
    Short Fuse EOD

    Short Fuse EOD Road Train Member

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    I wonder if YRC didn’t get the free money from taxpayers, if they would even exist.
     
    Short Fuse EOD, May 3, 2023
    Short Fuse EOD, May 3, 2023
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