Yellow Freight closure thread

If they're smart, they've already been here a while.

 

Go ahead. If any of the posts don't meet our rules I'll take it down, no harm no foul.

 

I'm not sure how much access non members have, but here it is anyway
Yellow | Truckingboards Trucking Forum

 

At first. I think the company wants to be XPO in the long run.

 

I kinda like Sean O'Brian in that he sees the labor market as being ripe for expansion in some segments for the teamsters .
I feel bad for yrc employees but that company has been so mismanaged for so long and is so deep in debt its probably finally unretrieveable .
The tradition of idiots started with Bill zollers and has been a cycle every since ....the president of the company im leased to started with Glenn Moore and got the hell out of there before yrc ran it into the ground .
I think we have a big auction coming.

 

They’ll be out of cash in a couple weeks so they are done. Since the Federal government owns 1/3 of their stock the taxpayers take it up the caboose once again.

Likely by the end of the week their stock will be worthless..

 

And Obrien knew he had nothing to work with from the beginning.

 

That's the great irony of things. Our barn is busy as #### and the last thing on our minds when we clock out is how much work is left for the next day

Just because your barn is doing well and everyone is doing the right thing doesn't mean your company is doing well as a whole. Hell, Holland is profitable. Even worse, my old company USF Reddaway out West is extremely profitable.

YRC should.have sold us off a decade ago. Instead they welded the lifeboats to the morhership by consolidating their mess into one large company.

I have a few decades left in the workforce. I feel for the ones that will wake up to the pension they relied on being gone. One dude retired last month.

 

My R&L barn hired seven and all of us quit. No matter how many they hire they are always short. Last I heard is they have a temp agency helping out.

I have no idea what a good solution is for Yellow. But a collapse of it is going to create a massive headache in some areas with the overflow of freight along with a spike in shipping costs that the end consumer will absorb.