Page 1 of 2 12 LastLast
Results 1 to 10 of 16
  1. #1
    I Am Rocking Now

    Join Date
    Jan 2008
    Local Union
    641
    Employer
    new penn
    Location
    Northeastern PA
    Posts
    21,746
    Rep Power
    0

    Default YRC's Welch: We Must Demonstrate Value

    YRC's Welch: We Must Demonstrate Value | Journal of Commerce

    New CEO says troubled LTL trucker must make case to shippers, logistics providers, employees

    YRC Worldwide must demonstrate its value to shippers, logistics providers and its own employees to survive and succeed, new CEO James L. Welch said.



  2. #2
    I Am Rocking Now

    Join Date
    Dec 2007
    Local Union
    162
    Employer
    "Wonderful" YRC Worldwide
    Posts
    3,385
    Rep Power
    0

    Default Re: YRC's Welch: We Must Demonstrate Value

    YRC Worldwide must demonstrate its value
    And we will show that value,
    by playing off the momentum we gained from demonstrating how valuable our stock can be.........
    ......................(or can't be)

  3. #3
    Banned

    Join Date
    Jan 2011
    Local Union
    443
    Employer
    Roadway
    Location
    USA
    Posts
    5,687
    Rep Power
    0

    Default Re: YRC's Welch: We Must Demonstrate Value

    Welch said. “We’ve got to get this company positioned to where it can compete effectively.”
    oh oh here we go. Sounds like more pain on the way. But wtf they got rid of
    at least $1B of debt in the equity swaps, the 15% pay cut and the 25% pension contributions. The new work rules, reduced capacity, the this and that. Mr Welch is implying what? by 2015 they'll still need something?

  4. #4
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    27,277
    Rep Power
    1154

    Default Re: YRC's Welch: We Must Demonstrate Value

    Quote Originally Posted by bean View Post
    oh oh here we go. Sounds like more pain on the way. But wtf they got rid of
    at least $1B of debt in the equity swaps, the 15% pay cut and the 25% pension contributions. The new work rules, reduced capacity, the this and that. Mr Welch is implying what? by 2015 they'll still need something?
    Sounds like it. The sway backs really sent them a message didn't they? He saw the long list of beg backs that were ratified and just knows he can push for more. Who will stop him? Hoffa?

  5. #5
    I Am Rocking Now

    Join Date
    Mar 2008
    Local Union
    580
    Employer
    Rdwy
    Posts
    1,615
    Rep Power
    485

    Default Re: YRC's Welch: We Must Demonstrate Value

    I looked at that "effectively" comment as a warning for the TMs that play numbers games and not move freight as it should. And no I don't wanna buy anyones bridge.

  6. #6
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    27,277
    Rep Power
    1154

    Default Re: YRC's Welch: We Must Demonstrate Value

    Quote Originally Posted by wolf View Post
    I looked at that "effectively" comment as a warning for the TMs that play numbers games and not move freight as it should. And no I don't wanna buy anyones bridge.
    I really hope so. We have been praying for something like that to happen. Come in with a sharp ax and whack every single number manipulator in the system. You don't know where you stand if all the data you receive is bogus. They wonder why they are struggling?

    Our TM will be done for. He couldn't move freight if it were tied to him. All he knows is tweaking the numbers. Ken H. and Mike M. will be shown the door if they take a close look at what is going on at 881. These two guys are costing the company a fortune.
    Last edited by 222lifer; 07-27-2011 at 06:56 AM.

  7. #7
    I Am Rocking Now

    Join Date
    Mar 2008
    Local Union
    580
    Employer
    Rdwy
    Posts
    1,615
    Rep Power
    485

    Default Re: YRC's Welch: We Must Demonstrate Value

    I don't dare imply who I talked too (protect the Innocent) in Management. But was told to sit back and watch the fireworks. Said if it comes true I'll bring cold ones for the show.

  8. #8
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    27,277
    Rep Power
    1154

    Default Re: YRC's Welch: We Must Demonstrate Value

    Quote Originally Posted by wolf View Post
    I don't dare imply who I talked too (protect the Innocent) in Management. But was told to sit back and watch the fireworks. Said if it comes true I'll bring cold ones for the show.
    That is great news. We could have a nationwide party! I do know the rank and file at our barn is livid pissed at the way they have been pissing money away.

  9. #9
    I Am Rocking Now

    Join Date
    Mar 2008
    Local Union
    580
    Employer
    Rdwy
    Posts
    1,615
    Rep Power
    485

    Default Re: YRC's Welch: We Must Demonstrate Value

    Well trust me we are not completely alone. There's some on the other side of the window too. The pressure to skew the numbers so that one looked as good as everybody else was intense. If Welch will just look into that, who knows how well it might effect Customer retention

  10. #10
    Getting In The Groove Now.

    Join Date
    Oct 2009
    Local Union
    991
    Employer
    YRC
    Location
    s.al
    Posts
    108
    Rep Power
    125

    Default Re: YRC's Welch: We Must Demonstrate Value

    I hope someone will start to notice how long frt sits on our dock b-4 it is put out for del. How much overtime they are paying to keep from calling someone in. I know that on tue 7/26 that 3 guys got 14 hrs O/T that day, not sure how much the other 4 got that day

 

 
Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354