Employment suggestions for previous Yellow Freight drivers

Discussion in 'Experienced Truckers' Advice' started by lual, Aug 1, 2023.

  1. SmoothBore

    SmoothBore Medium Load Member

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    Indeed.com, got a lot going on there. I guess it’s area dependent.
     
    Last edited: Aug 2, 2023
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  3. lual

    lual Road Train Member

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    Given the current freight environment -- how realistic is it for most of them to expect to find another Teamster gig -- before any unemployment benefits/payments run out?

    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?

    -- L
     
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  4. Ex-Trucker Alex

    Ex-Trucker Alex Road Train Member

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    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...
     
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  5. RockinChair

    RockinChair Road Train Member

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    Part of mismanaging a company is allowing the cost of labor to be inflated by unions.

    In the case of Yellow, their mismanagement was a trifecta of inflated labor cost, cheap freight rates, and excessive debt acquired through acquisitions.
     
  6. DRTDEVL

    DRTDEVL Road Train Member

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    Its not realistic at all, that's why we have seen some inquiries from them this week, but every one of them was only interested in home daily local positions. We literally had ONE local position nationwide to fill, and it was snatched up first thing Monday morning by a former USF driver with 18 years time put in with them.
     
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  7. IH9300SBA

    IH9300SBA Road Train Member

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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.
     
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  8. RockinChair

    RockinChair Road Train Member

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    I read an article (link below) a few days ago that said Yellow was hauling only 7% of the freight in the LTL market. So the other LTL carriers may not need to hire that many drivers to cover the increase in their business.

    99-year-old trucking company Yellow shuts down, putting 30,000 out of work | CNN Business
     
  9. gentleroger

    gentleroger Road Train Member

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    The financials tell a different story. Yellow's labor costs were not out of line compared to their competitors or the industry as a whole. For two contract cycles the union laid down. You can blame unions for a lot and I'll cheer you on, but in this case the union isn't to blame.

    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?
     
  10. RockinChair

    RockinChair Road Train Member

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    But how were their labor costs relative to their own revenue, and to other expense categories?

    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.
     
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