After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down

[ptif219]

Bad management almost certainly had something to do with it.

If you look much of the debt was benefits for union members

 

[Hawkeye10]

If you look much of the debt was benefits for union members

Speaking of Unions you do know that the Revolution handed them $100 billion under the cover of COVID right?

The votes were paid for in full.

 

[Hawkeye10]

The who put up a good fight for UTOPIA must be rewarded, to encourage the practice.

Carrots and Sticks.

 

[RB 60]

Notice that that is not really an over-the-road tractor trailer. It is because Yellow Freight has always been an LTL carrier.

LTL is defined as Less than Carrier Load- rather than FTL or Full Truck load.

You may have heard of other LTL carriers such as East Texas Motor Freight and Old Dominion, but there are many of these local delivery Freight Companies. And they have all been struggling since the pandemic caused a Logistics crisis here and around the world.

As with most industries, the transportation and logistics industries are undergoing enormous changes. Between more frequent and increasingly smaller orders, rapidly changing technologies, and receivers’ demands for shorter lead times and delivery windows, shippers and carriers alike frequently find themselves scrambling to adapt. Amid these changes, few have been affected more than the less-than-truckload (LTL) carrier — trucking companies serving the transportation needs of smaller shippers or those whose orders do not require a full trailer.

It is just hard to compete when a LTL Truck has to make say 10-25 different stops in a day, with an FTL Truck that can carry a full load and only make one stop at the end of his day. Many times an LTL truck will just deliver one pallet for an express local shipment- yet FTL Trucks are always filled to the max.

I made 10 to 18 stops every day for 2 years. Sometimes with 38,000 lbs. hand unloaded with a fucking hand cart.
They're union sunk them, not empty trailers.

 

[Dutch Uncle]

I made 10 to 18 stops every day for 2 years. Sometimes with 38,000 lbs. hand unloaded with a fucking hand cart.
They're union sunk them, not empty trailers.

Blaming the workers for management mismanagement is why the executives have golden parachutes and the workers are unemployed plus short the $50M the managers stole from them.

 

[RB 60]

Blaming the workers for management mismanagement is why the executives have golden parachutes and the workers are unemployed plus short the $50M the managers stole from them.

I would agree the executives got most of the money. They planned it. I've seen it before. But I've also seen the union help bring it down and then walk away when it's done.

 

[Dutch Uncle]

I would agree the executives got most of the money. They planned it. I've seen it before. But I've also seen the union help bring it down and then walk away when it's done.

Why would workers tank their own jobs? Yellow was already guilty of stealing $50M from the employees. Mismanagement caused Yellow to fail, not standing against that theft of employee money.

 

[Geeko Sportivo]

I made 10 to 18 stops every day for 2 years. Sometimes with 38,000 lbs. hand unloaded with a fucking hand cart.
They're union sunk them, not empty trailers.

No Sir. What sunk them was them trying to be the cheapest delivery company to have to compete with.

To the point that they would actually lose money on their deliveries. I mean that along with not planning their routes so that they weren't just making trips with too few stops, and only a few pallets to drop off on each run.

You can't make money when the truck is empty.

This information came from an LTL Trade Journal website that described in detail how the company failed.

It said absolutely nothing about the Teamsters breaking them.

What you are saying is the same old REPUBLITARDED BULLSHIT that we have heard for many years.

But thanks anyway, I'll just stick with the facts!