Home Forums Hunting & Shooting Hunter's Campfire Way To Go…. Yellow Trucking

How badly is this shutdown going to affect the supply chain?

There's currently a pile of excess capacity relative to demand. It's why freight rates are so low.

The freight that large shippers like Amazon/Walmart (2 largest allegedly for Yellow) moved their stuff to other players over the last, call it 2 weeks. Not everyone can handle it as a light switch of course, I've heard Estes is struggling in the west with the volume increase but Western ops are hard with less density.

That said - legitimately, right now, if it's delayed - it's not because of the truck. It's at the dock, not the truck. Not hard to find trucks right now, middle mile or OTR etc.

Realize that Yellow and LTL isn't the same as OTR/FTL.

is a shame unions have such a bad rap. they are responsible for so much quality of life for the average American worker.

I'd like to see where that 700 million went I bet you the top people in the business and in the Union got pockets full...

The first tranche of the loan was $300 million, which was used to clear the deck of the company’s immediate cash needs. It covered previously delayed health care and pension plan contribution payments, lease payments on equipment and real estate, and even interest payments on its other debt, among other items.

A $400 million second tranche was used to fund capital expenditures, largely the purchase of tractors and trailers, which received considerable scrutiny from industry participants. The thought on the part of the government may have been, “In for a penny, in for a pound.” Yellow estimated it would save $10,000 to $12,000 per tractor annually running newer models, and that the upgrades would be the key to reaching longer-term financial stability.

In total, the company replaced roughly 2,400 tractors (17% of the fleet) and 3,600 trailers, and it purchased 600 rail containers — executing roughly three years of tractor capex in a 15-month period. However, the new loan raised its total outstanding debt to nearly $1.6 billion from $880 million at the end of the 2020 first quarter (the last update prior to the loan announcement).

not really kept up this situation but I kind of wonder if it's not in the play of like many other businesses have been. the file for bankruptcy and reorganize without Union help...

Internal email from Tue last week at Yellow



4th largest barn they had last week - no freight getting tendered to them due to uncertainty = head shot to the company from about 1 inch.




Severance package

How does someone driving a truck 5 days a week “earn” $105,000? You ever hear all the folks bitching about what shipping things cost? That’s why it’s over priced, because those drivers are over paid. Sorry but there’s a value to a man’s labor and driving a truck ain’t worth $105,000 for 2080 hours of their time.

Don't cry about what they make if you aren't willing to do their job? I can't wrap my head around some monkey holding a steering wheel earning six figures.

Yellow Trucking one of the largest and oldest Trucking companies in America told the Teamsters Union to Pound Sand and closed its doors instead of continuing to be extorted by the Mob.

30,000 workers will be displaced and the Union gets NOTHING and the brain dead workers get less.

Next will be to sell off their assets which will acquired by those that will never allow a Union Thug on their property, bring profits up, stability up and work ethic up.

ROCK ON YELLOW

[/quote]Monkey make more than you do ?

All of you boys that think you should determine a working mans pay, are welcome to put your hands on the wheel and grab a gear ![quote]