Yellow Freight closure thread

@road_runner I would enjoy a three day weekend, then get on the horn and start making calls about work.

my buddy from Yellow has a new job and is starting there at the end of the month, we just lost one of our P&D guys up here, and he will probably be replaced by another Yellow driver.

They are starting to bail here in Fargo…. And I don’t blame them at all.
Good luck brother.

 

I was wondering during a terminal to terminal drive, after seeing some yellow doubles going the other way on the interstate, how over-valued their tractors and trailers might be on the books.

 

At the repair shop I worked at the owner got a CF single axle Freightliner for $1500, complete running and driving truck. We used it as a trailer mover for a while. Wound up selling the motor out of it, owner made money on just that. It had the air starter, I loved firing up that truck! When there is that many going to auction they will go cheap, as someone said most will go for scrap.

 

I can give some nuance on our equipment (at least from my barn that is employing 39 peddle drivers).

The overwhelming majority of our city only trucks are Internationals 6400i tandem trucks with an average manufacturing age of 2006 and about 1.5 million average miles.

Our linehaul trucks are a bit on the nicer side. Mostly Freightliners and a few Peterbilts. A few 2018 that are getting ready to be decommissioned as P&D only trucks and the rest are newer; all the way up to 2023 (the $700,000,000 had to go somewhere). Those newer trucks are like spaceships. All automatics and no physical gauges. Everything is on a LCD screen.

Trailers are a mixed bag. We did get a bunch of brand new trailers in. I would say 15% of our fleet is 3 years or newer. 65% or so is 3 to 18 years. The rest is the crap that YRC is sending us. Some have branding with the original Yellow, Roadway, Bestway, Dugan, and now New Penn. Some of those are well in excess of 20 years old and beyond.

As for terminal, ours was built in the late 90s and is in fairly decent shape. It looks like a piece of crap on the outside looking in, but it is 25+ years of wear and tear on a building that saw 600+ inbound and 500+ outbound bills each day.

Here is where it gets funny. ABF is across town and they have 15 doors (less than half of what we have), but everyone is anticipating them to pick up the largest portion of our business. It's entirely plausible that they would be at the front of the line to purchase our building and potentially hire some of our drivers back. It would be absolutely bat-s### bonkers if I came back and worked out of the same building with my soon-to-be former coworkers under a different company.

Time will tell.

 

That would be a great improvement and would be pretty neat to see happen. Seems like a likely avenue that has a decent chance in happening.

 

And just to be clear for everyone, this is entirely speculative but also plausible since both ABF and T-Force have a similar infrastructure as Yellow. Those guys could make the transition of the added workload way easier on the customer and it would only make sense for them to expand.

 

a possibility exists too, that some broker for say a mexican or central american company or companies may bid on the equipment.

they will use just about anything.

 

Goid

 

@buddyd157 your post jogged my memory a bit and another possibility is Africa, when length laws changed and cabovers became near worthless Africa is where alot of them went .

 

exactly. i'd be almost certain that there will be brokers at the auctions since hundreds of trucks, tractors, trailers will be up for sale. many foreign countries just don't can the overall conditions of the equipment, they just run'em and run'em, and could care less the emissions BS.

then they will just need "parts trucks" as well.

if the used truck market or salvage market is low enough in the states, to buy that equipment and let it sit on property for god knows when..??

how much would go overseas, i do not know of course.