Employment suggestions for previous Yellow Freight drivers
Discussion in 'Experienced Truckers' Advice' started by lual, Aug 1, 2023.
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Besides ABF and UPS -- who else out there would meet that standard -- and quite possibly hire them for a good-paying, home-daily driving job?
-- LRideandrepair Thanks this. -
A few suggestions for what Yellow drivers can do next:
Just slip out the back, Jack.
Make a new plan, Stan.
No need to be coy, Roy,
just listen to me...
Just hop on the bus, Gus,
don't need to discuss much.
Just drop off the key, Lee...mustang190, Rideandrepair and tscottme Thank this. -
In the case of Yellow, their mismanagement was a trifecta of inflated labor cost, cheap freight rates, and excessive debt acquired through acquisitions. -
dwells40, Gearjammin' Penguin and lual Thank this.
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Let's see, Yellow road drivers have only driven forward since their time there and didn't even have to hook their sets, so they may do well sitting in the unemployment line. That should be an easy transition I would think.
RockinChair Thanks this. -
99-year-old trucking company Yellow shuts down, putting 30,000 out of work | CNN Business -
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The only thing on their financial reports that was out of line was the interest payments. Historically low interest rates for a decade, but each year Yellow paid about 8-10% interest.
They had ten years to figure out how to run as separate entities or consolidate but management tried to fish and cut bait at the same time. I'll give them the bad timing of the acquisitions in 2008, but once they got sort of settled they tried to buy ABF. They still weren't showing a profit and they want to expand? -
Comparing their labor costs to those of other carriers might be an apples to oranges comparison. Yellow's own ratios are what will tell the real story.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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