Employment suggestions for previous Yellow Freight drivers

It was in the news. Contract negotiations last year was just too much for yellow. There were other problems but that was the nail that finished them off.

 

My aunt and I were arguing about this very thing 2 weeks ago.

She's all for unions. I'm not so sure.
Specially for places like starbucks.

I'm all for some kind of something. But not if it's going to end up with closed doors.

 

So the 15% give back and the lowest wages in LTL is inflated by unions.

 

That's like saying the guy with a chronic heart condition, syphilis, diabetes, shingles, and IBS died of an infected toe nail.

Darrel Harris was named President and COO in 2021. Between now and then he has sold every share he 'earned in compensation'. Darren Hawkins (CEO) and Daniel Oliver (CFO) weren't as transparent with their sell offs, but they did sell off a METRIC F TON in 2021. If the top three executives in the company don't believe in the viability of the company, why should anybody else?

 

So you're saying they ran the company in to the ground and finished the job using the union?

Instead of turning things around.

 

Intentionally? Maybe not, but they recognized they were headed for the rocks and made sure their lifeboat was well provisioned.

EBITA should be at least 1.5 times a company's interest payments. In the last 10 years, the highest the ratio got was 1.2 times. Since 2020 its been below 1. Yellow was paying more in interest every year than most comparable company's total debt. In 13 years, they had 1 year in the black.

Consolidation should have occurred back in 2010-2012.