Hiring down here too. I see a bunch of Reddaway going up n down the 5 in cali. It sure has been busy.
Reddaway
Discussion in 'YRC' started by reddawaydriver, Sep 15, 2012.
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That's awesome you guys are busy. We're so so in my part of the woods. We hired acouple of line guys and gonna hire more. So I guess they are projecting it to get busy.
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I'll take it while we have it! Sure is better than last year. Although we were busy at this time last year, it wasn't like this. Hope it picks up more for you Radman
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Not sure if many follow YRCW stock price price but it shot up almost $10 in the last week,should have bought some 6 weeks ago at $5 a share,missed a great opportunity again,this was all because YRC posted a profit for the 2 quarter in over 6 years but still are 1.3B in debt,on this news Mr Welch and the Board decided its time to go shopping and this time it's ABF they want to buy,all I have to say is here we go again but our Teamster President Mr Hoffa said it best....
"Before YRC begins looking for acquisition targets," Hoffa said. "They should first restore our members' wages and pension contributions." In mid-2009, YRC and the Teamsters agreed to a series of agreements calling for workers to take 15-percent pay cuts and for management to forego pension contributions for 18 months. The contributions were restored at the start of 2011 but only at one-fourth the levels they were at before.
Those and other actions by the Teamsters were widely credited with saving YRC from bankruptcy and possible dissolution as well as preserving the jobs of 25,000 or so Teamsters.
"We thought they had finally learned the lessons of past management catastrophes. Unfortunately it appears they have not," Hoffa said. -
Of course they haven't learned anything. They have no intention of giving back those cuts. Companies are like the Government, give them an inch and they will take a mile. Then they just keep trying to take. The one big perk of being a teamster to me was that sweet pension plan they used to have. Yes there was higher pay and they paid for everything, free benefits but that pension was number one in my book. That was worth it's weight in gold. Just watch, ABF will go down the same road next if YRC doesn't buy them first.
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Radman, How's it going up there? Still busy down here and I'm still work a lot but not as hard. They have been hiring like crazy down here. So it's thinning out a bit. I'm kind of glad actually. I'm pretty sure I'll get a bid next time and I'm gonna pick the easiest one they have. Screw the miles!
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