yrc regional companies, in trouble or not?

Discussion in 'Discuss Your Favorite Trucking Company Here' started by Desert_T, Aug 3, 2011.

  1. Desert_T

    Desert_T Light Load Member

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    Does it mean all of YRC's regional companies will go under or will they continue to opperate? I mean is it a good idea to apply at Reddaway for a driver job? Will the company sell and current drivers keep their jobs, hows does that work?
     
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  3. Jarhed1964

    Jarhed1964 Road Train Member

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    Nobody can answer those questions unless they have a crystal ball. Nobody knows if and when they will go under, nobody knows how a bankruptcy would play out with them, nobody knows if any other companies would be interested in buying them out.....

    Personally, I wouldn't THINK about applying there, but again.... thats just me.
     
  4. skinnytrucker

    skinnytrucker Heavy Load Member

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    I have worked for YRC formerly Big R for ten years now. I have seen both companies go up and down like a yoyo. As it is right now we have more freight than we can handle and 500 new volvos were just delivered to us this past week. If you can get on with Reddaway do it. Don't wait cause the opportunity may not last forever. If you are a hard-worker and would enjoy being home with your family more than it will be the best move of your career. If you have anymore questions please feel free to ask me and stop listening to all of the doom and bloomers on here. Most of them are jealous that you will be in the union and have a better quality of life than them.
     
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  5. misterG

    misterG Road Train Member

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    Not to poke the hive, skinny, but what ya gonna do when the doom and gloomers are right about YRC?
    Where there is smoke there is usually fire.
     
  6. JohnBoy

    JohnBoy Road Train Member

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    Please, having a good union job has nothing to do with the fact that YRC is and has been loosing hundreds of millions of dollars per year since before they bought Big R. They have sold off a bunch of their divisions recently to put an infusion of cash back into the company just to keep their credit rating up so they can borrow more. Don't think for one moment that one day you're gonna wake up and find out that the day before was your last run. The last time this happened? Think back to CF. Those drivers too believed it was a great job until the board of directors pulled the plug on them. All I'm saying is no matter if you belong to a union or not, if the powers to be decide to close up shop, the only thing you'll have is your union card, and no job. If that should happen there will be an influx of good drivers looking for too few union jobs because little by little these big union carriers are falling one by one, and yes, it mostly has had to do with piss poor management. Just take the blinders off and have a backup plan for when that day comes. And before you go on and tell me how great your union is, I know. I was a member of IBT local 804 in NYC for 5 years as a package car driver for UPS. Great job, great strength behind me but this was 35 years ago when I was young. I decided at the time I wanted to make my own decisions, not someone else. You see, after all these years I have done very well for myself. Without union representation.
     
    Last edited: Aug 5, 2011
  7. JohnBoy

    JohnBoy Road Train Member

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    Nothing is definite. Minimally they would downsize and only keep whatever division is making money. If they go by way of CF then you'll be here looking for another job. And with the false hope and promises coming out of Washington, I see more trucking companies going out, both union and non union.
     
  8. Desert_T

    Desert_T Light Load Member

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    So what ltl freight companies seem solid in your opinion?
     
  9. Jarhed1964

    Jarhed1964 Road Train Member

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    I'm glad you did well, but trust me, I'm not jealous of a union job with a so-called "better quality of life". Unions might be good for some, but I have no use for them, and will never join one. Ever.

    My FIL is still with YRC, like I explained above. I truly hope they pull out of this for HIS sake.
     
  10. JohnBoy

    JohnBoy Road Train Member

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    I would go with Con-Way LTL or Old Dominion. They always seem to turn a profit, which adds to my opinion that YRC is being run into the ground by management.
     
  11. jlkklj777

    jlkklj777 20 Year Truckload Veteran

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    I seriously doubt YRC would fold up shop as quickly as CF did. YRC has many other trucking divisions they could sell off first before they would fold up the whole show.

    Normally when carriers get bought out by competitors it is not for the equipment or for the drivers. It is for the current freight contracts and an inside track on keeping those more lucrative accounts.

    A new buyer for some of these divisions may keep the best drivers provided they can adapt to the new owners.

    I do think unions are becoming a thing of the past and will continue to die off as time goes on but for the time being if you have a shot at getting your foot in the door of a union outfit then I say go for it. They do offer better pay, hometime, and benefits than most of the non union outfits today.

    The equipment will usually be bare bones and fairly old but you will get used to it.
     
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