YRC Freight?

Yep. I run my own show for the time being, but that may not last forever...

I was once a proud Teamster, but will not proudly fly that union flag anymore.

 

The insurance is absolutely amazing. I worked for Reddaway and then Holland until last week. I took a $13k pay cut due to my loss in health benefits.

I still would discourage anyone from signing on. The company is $1.9 billion in debt and they are consolidating and merging terminals left and right. You may find yourself without a job next year.

 

I never understood this thinking. I had a guy say years ago that didn’t work for a company with a pension,he wouldn’t take a job like that because you could lose your pension so he decided to take a job that doesn’t even have a pension.B4 I would take a $13 thousand dollar cut I would just ride that horse until I was out of a job.

 

Pension Benefit Guaranty Corporation | USAGov
Pension Benefit Guaranty Corporation | USAGov

 

Easy to say until you end up with a two month layoff and literally nobody is hiring.

Myself and 8 others got laid off last November without any warning. They brought us back but only three of us came back. Everyone else quit. I was the first one to go after I was brought back in January.

Quitting while being ahead is not the same as quitting. You can not run 47 drivers on 300 bills a day. Not when you usually run 500+ this time of the year on deliveries alone.

Trust me. Where there is smoke there is fire.

 

First quarter numbers came out. No surprise, they lost money. Where will this lead to?

Yellow posts Q1 loss as it negotiates operational changes, labor deal

 

Owner ops were the first to go, then whole companies. Well companies =employees. It’s not the best time to be in trucking. For those that are still able to get it done, put some money aside. If you’re with a company that is still holding on, think twice before jumping ship. If your OTR, have enough to fly home if you’re stranded.

 

Holy crap. Their operating ratio is 100.8%. that's unbelievable and I am glad I left when I did.

It's sad to see these guys go. Especially after YRC is now calling the shots.

This is one hell of a death spiral.

 

I'm wondering if we'll see another Consolidated Freightways here. One day they were there, and the next day they weren't...

 

My first thought. Given all their financial woes I wouldn't be surprised if they collapsed like a cheap souffle.

And no, I don't wish any of my former colleagues or management ill. But this reconsolidation is just rearranging the patio furniture on the Titanic