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Thread: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doubles

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    Default YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doubles

    Overland Park, Kan.-based YRC Worldwide Inc. said that its financial loss doubled in the first quarter and that it cut 180 management and other nonunion jobs in a streamlining effort to make the trucking business more efficient.

    The job cuts were accompanied by other cost savings in the company’s dealings with “external professionals,” such as consultants, and from increased collaboration among its four companies that combined duplicate departments.
    Read more at: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doubles | Transport Topics Online | Trucking, Freight Transportation and Logistics News

    © Transport Topics, American Trucking Associations Inc.

    More on the $25M first quarter loss:
    YRC Worldwide Loses $25.3 Million in First Quarter, Misses Analyst Estimates | Transport Topics Online | Trucking, Freight Transportation and Logistics News
    slavenomore and wizard like this.

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    Default Re: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doub

    How is it even possible to lose money with all the concessions .

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    Default Re: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doub

    And just when you think it can't get any worse...THINK AGAIN!!!...''SAIA COMES TO THE NORTHEAST''

    Saia started operations this past week in the metropolitan area...Brand new Tractors and Trailers...starting pay is top pay...28.41 an hour...OT I believe after 45...here's the catch...for the first 8 to 10 yrs you have to pay something like 50% towards your Health and Welfare...Smart Business on Saia's part...you get these 'YOUNG' drivers...all they see is the ''MONEY''...not thinking twice about the benefits...Non-Union of course.

    Take one wild guess who 'OWNS' Saia...Yup...Yrc..now that opens up one Hell of a PANDORA'S BOX...don't you think? Yrc never SOLD Saia...Saia was ''SPUN OFF'' of Yrc...and they keep so Damned quiet about it. What the Hell is their ''GAME PLAN''?

    https://en.wikipedia.org/wiki/Saia
    ABFwife likes this.

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    Default Re: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doub

    Quote Originally Posted by wizard View Post
    And just when you think it can't get any worse...THINK AGAIN!!!...''SAIA COMES TO THE NORTHEAST''

    Saia started operations this past week in the metropolitan area...Brand new Tractors and Trailers...starting pay is top pay...28.41 an hour...OT I believe after 45...here's the catch...for the first 8 to 10 yrs you have to pay something like 50% towards your Health and Welfare...Smart Business on Saia's part...you get these 'YOUNG' drivers...all they see is the ''MONEY''...not thinking twice about the benefits...Non-Union of course.

    Take one wild guess who 'OWNS' Saia...Yup...Yrc..now that opens up one Hell of a PANDORA'S BOX...don't you think? Yrc never SOLD Saia...Saia was ''SPUN OFF'' of Yrc...and they keep so Damned quiet about it. What the Hell is their ''GAME PLAN''?

    https://en.wikipedia.org/wiki/Saia
    No, that is incorrect.
    We became an independent public company on September 30, 2002 as a result of a 100 percent tax-free distribution of shares to Yellow shareholders (the Spin-off). Each Yellow shareholder received one share of Saia stock for every two shares of Yellow stock held as of the September 3, 2002 record date. As a result of the Spin-off, Yellow does not own any shares of our capital stock.
    Overview for Saia (SAIA)

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    Default Re: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doub

    Doesn't Welch sit on the Board of Directors at SAIA?

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    Default Re: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doub

    Quote Originally Posted by fxstc07 View Post
    No, that is incorrect.

    Overview for Saia (SAIA)
    Nice work fxstc07...your right...Yrc let them go Public...as a 'Stand Alone Company'...they had an IPO and issued their OWN stock...which of course means they are BOTH Public Corporations...they deal at Arms Length.

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    Default Re: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doub

    Quote Originally Posted by roadhog View Post
    Doesn't Welch sit on the Board of Directors at SAIA?
    No.
    Saia, Inc.: Board of Directors - Bloomberg

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    Default Re: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doub

    It baffles me that this is a problem, as they cite this as a helpful action in a July article that I'm about o post, that say now there kicking ass...

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    Default Re: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doub

    Quote Originally Posted by fxstc07 View Post
    This comes from Runaway train an antiunion SAIA guy on that other site:

    This is a bit off topic but I'm curious if you guys know that the CEO of SAIA is married to Bill Zollars daughter. Yes, the man that many believe was the downfall of Yellow. Rick O'dell the CEO of SAIA has great insight on how to expand without overextending. SAIA is fixing to take Pennsylvania by storm.

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    Default Re: YRC Worldwide Sheds 180 Management and Other Nonunion Jobs as Quarterly Loss Doub

    Reminds me of Consolidated Freightways.

 

 
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