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  • New Yellow forum

    We now have a new forum for Yellow since they have merged all the companies into Yellow.

  • #2
    Yellow plans to combine New Penn, Holland networks

    Regional carrier networks to be integrated with YRC Freight to create super-regional carrier

    Mark SolomonWednesday, October 19, 2022


    LTL carrier Yellow Corp. said late Wednesday that it plans to consolidate the operations of its New Penn and Holland regional carriers with its YRC Freight national network as part of a multiyear plan to build a super-regional carrier providing one- to two-day deliveries across the nation.

    The Overland Park, Kansas-based carrier (NASDAQ: YELL) said it will combine 22 terminal locations operated by New Penn, Holland and YRC Freight in the East, Midwest and parts of the South. Yellow will also create 35 short-haul velocity distribution centers and will reduce its terminal network by 19 terminals.

    New Penn operates in the Northeast, while Holland operates in the Midwest. Operations in the South are an amalgam of legacy networks.

    Under the plan, Yellow will create 998 “utility” driver positions that will support the new velocity center operations. The drivers will travel about 175 miles to and from the new distribution centers, Yellow said. This will allow drivers to return home after each tour of duty, Yellow said. Utility drivers will be allowed to work across the three operating companies, Yellow said.

    Current New Penn and Holland drivers would become utility drivers. Current drivers essentially perform the same tasks that would be required of the proposed utility drivers. One key difference is that the utility drivers would be paid by the hour, while the current drivers are paid by the mile.

    The long-planned announcement is the second phase of Yellow’s three-phase strategy to establish a super-regional carrier operating under the Yellow brand. The carrier plans to go to market with a streamlined model that eliminates duplicative operations while offering an expedited LTL pickup and delivery service.
    The changes announced Wednesday would affect 62% of Yellow’s terminal network. The first phase, implemented about five weeks ago, consolidated the Western operations of YRC Freight with Western regional carrier Reddaway. That change affected 26% of Yellow’s terminals. The third and last phase has yet to be announced.

    Yellow, a unionized carrier, is required under the National Master Freight Agreement with the Teamsters union to file its “change of operations” with the union.

    Under the contract, a company has the right to implement such changes. Management must meet with the union to discuss the proposal, and labor has substantial input into how the changes are executed. However, the Teamsters have little power to block its implementation.

    No date has been set for a hearing between the company and the Teamsters to discuss the New Penn, Holland and YRC Freight consolidation. Nor has a date been set for its implementation. Yellow executives are hopeful that the proposal could be implemented by the end of 2022.

    The FREIGHTWAVES TOP 500 For-Hire Carriers list includes Yellow Corp. (No. 5).

    https://www.freightwaves.com/news/ye...79175252108775

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    • #3
      Third Quarter results

      https://investors.myyellow.com/news-...UaZv09gCe0YDTI

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      • #4
        ZOOM CALL for YRC teamsters


        https://teamster-org.zoom.us/webinar...#/registration

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        • #5
          YellowLOAJune2023%20(1).pdf
          Last edited by crazy; 06-06-2023, 11:01 AM.

          Comment


          • #6
            did you read that shehobbit? They must be smoking crack, thinking that is going to be excepted.

            Comment


            • #7
              Originally posted by unionman View Post
              did you read that shehobbit? They must be smoking crack, thinking that is going to be excepted.
              Yeah I did read it.. Guess they think that the new union leadership is the same as Hoffa and company.. ..

              I read this morning that a Yellow Terminal manager is telling the union employees that if union doesn't accept the change of operations they will close the doors.. Then they wonder why they are losing customers.. Then if I remember correctly doesn't the government own like 30% of the company until that $750 million loan is repaid?? That is I think is due next year..

              Comment


              • #8
                I believe you are correct, sir. The guy that was behind me on the seniority board at Holland told me someone in central dispatch asked him if he knew why the Teamsters were dragging their feet. I think they are used to getting whatever they asked for and as you said, there’s a new sheriff in town.

                Comment


                • #9
                  Yellow Corporation Files $137+ Million Lawsuit Against International Brotherhood of Teamsters, Alleging Breach of Contract in Blocking Efforts to Modernize Century-Old Company

                  Union Leadership’s “Militant Approach” Risks Tens of Thousands of Jobs and Taxpayers’ Investment in Company






                  NASHVILLE, Tenn., June 27, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL), the nation’s third largest less than truckload (LTL) carrier and fifth largest transportation company, has filed a complaint in the U.S. District Court for the District of Kansas against the International Brotherhood of Teamsters (IBT) and certain of its affiliates.

                  The complaint alleges that the defendants breached their binding union contract with Yellow causing more than $137 million in damages by unjustifiably blocking, for over eight months, Yellow’s restructuring plan to modernize its business, which is necessary to compete against non-union carriers that dominate the LTL business today. These modernization efforts, known as One Yellow, are essential to the Company’s survival. Without these crucial reforms, which are standard practice in the industry today, Yellow likely will not survive, 30,000 jobs will be lost, including 22,000 union jobs, and its shareholders, including the federal government, which owns 30.1% of Yellow stock, will be severely damaged. Yellow remains a critical part of the domestic supply chain with hundreds of thousands of customers -- large and small -- relying on the Company to deliver freight coast-to-coast. Driving Yellow out of business will badly damage the supply chain, lessen competition and raise the price of shipped goods in the LTL market and feed inflation.

                  “We do not take this action lightly, but the Union’s leadership has left us with no choice,” said Yellow Corporation management. “For many months, we have made good faith efforts to meet with the IBT to propose a path forward that works for all parties, but they refuse even to meet, let alone engage in honest talks. We have communicated with all stakeholders in Washington, D.C., including the Biden Administration, to apprise it of the imminent loss of tens of thousands of jobs, the significant anti-competitive effects on the American economy and the devastating impact to the supply chain, and to seek their assistance in persuading the IBT to negotiate a mutually acceptable agreement. We are fighting for the livelihood of our 30,000 employees who are good hard-working people. We will do all we can to save these American jobs and to protect our shareholders, including the American taxpayer.”

                  The complaint also alleges that Sean O’Brien, IBT General President, orchestrated these breaches and has prevented Yellow from meeting with IBT leadership. For several years, the IBT had endorsed the company’s modernization effort and, in fact, approved the first of the effort’s three phases before the IBT reversed itself taking, in Mr. O’Brien’s words, a “militant approach” to blocking Yellow’s modernization.

                  Completion of One Yellow in 2023 is critical to Yellow’s ability to survive, particularly given that Yellow faces, among other things, the imminent need to refinance $1.3 billion in debt—a $567.4 million term loan maturing on June 30, 2024, and a $729.4 million U.S. Treasury loan maturing on September 30, 2024. Nonetheless, as alleged, the Union has blocked Yellow’s completion of One Yellow, triggering grave uncertainty for employees, investors and customers, and has knowingly intended to cause Yellow’s economic ruin.

                  Moreover, Sean O’Brien has taken up the role of public agitator for the company’s demise, recently tweeting an image of a headstone in a cemetery with “Yellow” on it. He has continued to hide behind numerous false, unconstructive, and irresponsible social media posts maligning the company, while refusing to discuss a path forward with the Company itself. The situation might have been avoided if the Union had participated in meetings months ago or otherwise agreed to sit down and negotiate in good faith. Yellow must now take immediate steps to try to save itself. Yellow is entitled to $137.3 million (and counting) for the injury the Union has caused Yellow, and continues to cause Yellow, and in the event of its demise, at least $1.5 billion for the loss in enterprise value Yellow is sustaining as a result of the Union’s breaches.

                  Yellow is represented by national litigation firm Kasowitz Benson Torres LLP. The Kasowitz team representing Yellow is led by partners Marc Kasowitz and Ron Rossi and includes partner Kim Conroy and counsel Maria Gorecki.

                  The case is Yellow Corporation, YRC Inc. (d/b/a YRC Freight), USF Holland LLC, New Penn Motor Express LLC, and USF Reddaway Inc. v. International Brotherhood of Teamsters, Teamsters National Freight Industry Negotiating Committee, Teamsters Local No. 696, Teamsters Local No. 795, and Teamsters Local No. 41. A copy of the complaint is attached.

                  About Yellow Corporation

                  Yellow operates one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America, providing customers with regional, national, and international shipping services throughout. Backed by a team of nearly 30,000 transportation professionals, Yellow’s flexible supply chain solutions and best-in-class expertise ensure the safe, timely delivery of industrial, commercial, and retail goods for customers of all sizes. Yellow’s principal office is in Nashville, Tenn., and is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway and YRC Freight, as well as the logistics company Yellow Logistics.

                  To learn more about Yellow and our services, visit myyellow.com.
                  Media Contacts: Mike Kelley
                  913-696-6121
                  [email protected]
                  Heather Nauert
                  [email protected]
                  Investor Contact: Tony Carreño
                  913-696-6108
                  [email protected]
                  A PDF attachment is available at: http://ml.globenewswire.com/Resource/Download/64b10032-36d4-4962-8821-fe767140f7fd

                  A Media Snippet accompanying this announcement is available by clicking on the image or link above


                  ​​​​​​​https://investors.myyellow.com/news-...awsuit-against

                  Comment


                  • #10
                    TEAMSTERS BLAST YELLOW CORP.’S BASELESS LAWSUIT

                    2023.06.27

                    Union Calls Out Freight Company for False Claims and Gross Mismanagement


                    Press Contact: Daniel Moskowitz Phone: (770) 262-4971 Email: [email protected]

                    (WASHINGTON) – The Teamsters Union categorically denies the baseless allegations made by Yellow Corporation in its frivolous lawsuit filed today.

                    “Yellow Corp.’s claims of breach of contract by the Teamsters are unfounded and without merit,” said Teamsters General President Sean M. O’Brien. “After decades of gross mismanagement, Yellow blew through a $700 million bailout from the federal government, and now it wants workers to foot the bill. For a company that loves to cry poor, Yellow’s executives seem to have no problem paying a team of high-priced lawyers to wage a public relations battle—all in a failed attempt to mask their incompetence.”

                    The Teamsters have diligently adhered to the terms of the collective bargaining agreement (CBA) signed with Yellow Corp., fully honoring its contractual commitments and obligations.

                    “The company is misleading our members and the public. We have a contract with Yellow that expires March 31, 2024, and Teamsters are living up to it. Yellow’s management knows they’ve failed this company and their workforce because they can no longer live up to the terms they once agreed to. This lawsuit is a desperate, last-ditch attempt to save face,” said Teamsters General Secretary-Treasurer Fred Zuckerman.

                    The lawsuit by Yellow Corp. is a blatant attempt to undermine the rights of workers and discredit the Teamsters. The Teamsters are fully prepared to defend the union’s position vigorously and utilize all available legal resources to challenge the meritless accusations put forth by Yellow Corp.

                    Founded in 1903, the International Brotherhood of Teamsters represents 1.2 million hardworking people in the U.S., Canada, and Puerto Rico. Visit Teamster.org for more information. Follow us on Twitter @Teamsters and “like” us on Facebook at Facebook.com/teamsters.
                    https://teamster.org/2023/06/teamste...eless-lawsuit/

                    Comment


                    • #11
                      Sounds pretty desperate.

                      Comment


                      • #12
                        I've been out of touch for quite some time but one of my buddies who used to work for New Penn tells me that his old terminal is dying on the vine. Claims a total inbound bill count of something like 44 one day. What's the scoop on this?

                        Comment


                        • #13
                          After years,decades it seems,of millions of dollars of bank loans,millions of dollars from a tax-payer government bailout,millions of dollars worth of concessions from rank and file ''Teamsters''....Yellow Corporation has no more cards left to play except 'Bankruptcy'!!!!!....30,000 employees...22,000 Teamsters will be filing for unemployment...What a travesty and what a shame!!!!

                          Basically,the company was winding down operations last week,I have many friends at both Yellow and New Penn,just clearing the dock making deliveries,no pu's at all last week,on Friday here in Jersey the Yellow and NP terminals were 'ghost towns'....layoffs,sent all office personal home early,shut down computers,docks were bare except for a skid or there...This weekend Yellow is trying to get financial help anywhere they can trying to save the company,hopefully something plays out,doesn't look good though...We'll see...My thoughts and prayers go out to every single Yellow employee and their ''Teamster'' families...office personal as well....

                          https://www.bizjournals.com/kansasci...ankruptcy.html

                          https://www.cnn.com/2023/07/27/busin...tcy/index.html

                          https://www.freightwaves.com/news/ye...orporate-teams

                          Comment


                          • #14
                            Here is some good reading about the government loan they got during covid..

                            https://coc.senate.gov/wp-content/up...W9LynxgBq_gnCM

                            Comment


                            • #15
                              Originally posted by wizard View Post
                              After years,decades it seems,of millions of dollars of bank loans,millions of dollars from a tax-payer government bailout,millions of dollars worth of concessions from rank and file ''Teamsters''....Yellow Corporation has no more cards left to play except 'Bankruptcy'!!!!!....30,000 employees...22,000 Teamsters will be filing for unemployment...What a travesty and what a shame!!!!

                              Basically,the company was winding down operations last week,I have many friends at both Yellow and New Penn,just clearing the dock making deliveries,no pu's at all last week,on Friday here in Jersey the Yellow and NP terminals were 'ghost towns'....layoffs,sent all office personal home early,shut down computers,docks were bare except for a skid or there...This weekend Yellow is trying to get financial help anywhere they can trying to save the company,hopefully something plays out,doesn't look good though...We'll see...My thoughts and prayers go out to every single Yellow employee and their ''Teamster'' families...office personal as well....

                              https://www.bizjournals.com/kansasci...ankruptcy.html

                              https://www.cnn.com/2023/07/27/busin...tcy/index.html

                              https://www.freightwaves.com/news/ye...orporate-teams
                              Sad day for Unions....Sad day for Teamsters....Sad day for LTL...What a Shame!!!!!

                              https://www.freightwaves.com/news/ye...ses-operations

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