YRC CFO is leaving the company. Why at this time? ??? Did she bring the company as far as it's gonna go and it's time for some new blood or was she part of the problem and is being forced out at this time? ??? Having worked in a public company (for a CFO) i'm trying to read between the lines here and guessin' this isn't a voluntary departure.
http://www.thetrucker.com/News/Stories/2011/3/9/YRCCFOleavingcompanyTrubecktappedtofillin.aspx
I'm gonna stick this here only because it involves triples (which is an LTL thing) and also the story is from Nevada where Jimmy B resides and i'd like to get his opinion on this story about truckers wanting triples banned in Nevada.
http://www.lvrj.com/news/truckers-urge-state-to-ban-triple-trailers-118067074.html?ref=074
I'm gonna stick this here only because it involves triples (which is an LTL thing) and also the story is from Nevada where Jimmy B resides and i'd like to get his opinion on this story about truckers wanting triples banned in Nevada.
http://www.lvrj.com/news/truckers-urge-state-to-ban-triple-trailers-118067074.html?ref=074
Thanks Jimmy......what are the requirements for a triples license in NV other than passing a written test? ??? Is there a road test? ??? # of years behind the wheel? ???
You'll get my opinion first Charlie. >:(
A Stupid, Stupid article. >:( >:(
"TRUCKERS"? ???
A couple of drivers that don't like them and contact the paper to voice their concerns. :-\
I hate articles that lead "Truckers Oppose... or Canadians Think...." >:( >:( >:(
It's lazy journalism to print an article without citing a reason to believe that these "truckers" represent anyone more than themselves. >:( >:(
Rob.I'm gonna stick this here only because it involves triples (which is an LTL thing) and also the story is from Nevada where Jimmy B resides and i'd like to get his opinion on this story about truckers wanting triples banned in Nevada.
http://www.lvrj.com/news/truckers-urge-state-to-ban-triple-trailers-118067074.html?ref=074
Why hire a thousand drivers at Holland at this time? ??? Are there still drivers at the old Yellow & Roadway that are still laid off and could fill these positions? ??? And since YRC (Roadway & Yellow) probably serve the same areas why not spread the wealth equally and hire 1/2 the drivers for YRC? ??? Just wondering. ;D
I've heard Con-Way sends a experienced triples driver with the Newb for a week. Maybe Ian can fill us in.
I'm gonna stick this here only because it involves triples (which is an LTL thing) and also the story is from Nevada where Jimmy B resides and i'd like to get his opinion on this story about truckers wanting triples banned in Nevada.
http://www.lvrj.com/news/truckers-urge-state-to-ban-triple-trailers-118067074.html?ref=074
Con-way Freight is donating a historic tractor, "Ol' Number One" to the Iowa 80 Museum.
http://www.marketwire.com/press-release/Media-Advisory-Con-way-Freight-to-Donate-Historic-Tractor-to-Iowa-80-Museum-NYSE-CNW-1424412.htm
I just read the text of the bill. My political instincts tell me that the bill will die...
Nate makes a good point about the increasing costs pushing freight that is on the margins to TL carriers. For some carriers in Reno it would also put the squeeze on P&D productivity for outlying areas such as Fallon, Fernley and Minden. I can think of one major aerosol paint factory in the south valleys that would feel the squeeze.
Con-way Freight is donating a historic tractor, "Ol' Number One" to the Iowa 80 Museum.
http://www.marketwire.com/press-release/Media-Advisory-Con-way-Freight-to-Donate-Historic-Tractor-to-Iowa-80-Museum-NYSE-CNW-1424412.htm
Con-way Freight is donating a historic tractor, "Ol' Number One" to the Iowa 80 Museum.
http://www.marketwire.com/press-release/Media-Advisory-Con-way-Freight-to-Donate-Historic-Tractor-to-Iowa-80-Museum-NYSE-CNW-1424412.htm
LoneStar,
Good catch on good news.
Jimmy B
Thanks for posting the minutes of the meeting Jimmy. Interesting reading......and lots of agendas in the room.
Looks Like Saia Has added another Terminal in Illinois 8)
http://fleetowner.com/trucking_news/saia-opens-illinois-terminal-0718/
A. Duie Pyle is opening a new terminal in Allentown PA.
http://www.truckinginfo.com/news/news-detail.asp?news_id=74718&news_category_id=7
Con-way finds attracting team drivers is difficult to do.
YRC sheds its stake in Chinese freight company.......to concentrate more on North American business.
http://www.joc.com/ltl/yrc-worldwide-sells-stake-chinese-freight-hauler
Con-way Freight graduates 500th driver 8)
http://fleetowner.com/management/news/con-way-freight-graduates-500th-1215/
That's a shame to hear about Vitran. Didn't they just purchase Sierra West Express to gain access to the west about 5 years ago? I hope not too many jobs are lost.
Vitran to sell their US LTL division.
http://finance.yahoo.com/news/vitran-announces-agreement-sell-u-170000617.html (http://finance.yahoo.com/news/vitran-announces-agreement-sell-u-170000617.html)
Did you see who the purchaser is?When I saw that, I predict the Vitran fleet will be looking like Central Transport within the next year or two.
Matty Moroun. :o :o :o :'( :'( :'(
It has entered into an agreement to sell its U.S. LTL business to a company owned by industry veteran Matthew Moroun.Vitran to sell their US LTL division.
http://finance.yahoo.com/news/vitran-announces-agreement-sell-u-170000617.html (http://finance.yahoo.com/news/vitran-announces-agreement-sell-u-170000617.html)
YRC Seeks More Cost Cuts from Teamsters
YRC Worldwide Inc. officials are scheduled to meet with the Teamsters union in Dallas on Tuesday in an apparent effort to win support for more concessions, as the carrier has not made enough financial progress from continued losses.
http://www.ttnews.com/articles/basetemplate.aspx?storyid=33408 (http://www.ttnews.com/articles/basetemplate.aspx?storyid=33408)
After the second quarter results figured this was coming. To much debt for a company of this size. Don't know if it will mean cuts, or just a continuation of the present contract carried out to March of 2018.
Jimmy B
Funny how the YRC Regionals are STILL making a profit. But of course they want us to continue to pay the price of being bought by a loser.
YRC Teamsters Reject Contract Plan
Teamsters at YRC Worldwide Inc. rejected a contract extension that the company said was crucial to refinancing its debt and assuring long-term stability.
This is a really good article on the actual value of YRC (equipment, power units, real estate). The only issue i have with it is one of the compatibles they used was Swift. Truckload replaces there equipment on a much shorter cycle than LTL. But it really paints a grim picture of assets at YRC.
http://m.seekingalpha.com/article/1939231
Companies refinancing their debt is not a good thing. It buys time but if they do not change their business model, in 12-18 months they are back in the same boat as before.The refinancing changed the % rate on the notes from double digits to single digits. The savings was huge. Plus with the stock prices up, 300 million of principal debit was exchanged for stock.
Estes Opens North Chicago Terminal in Response to Midwest Market Growth
(Press Release - January 13, 2014)Estes Express Lines has opened a 34-door terminal in North Chicago to support the continuing market growth in the Midwest. Located at 316 North Roadway Lane in Lincolnshire, the terminal began operating on January 6, 2014.
"The North Chicago terminal helps us provide even more in-depth coverage to the Midwest, and assures greater capacity to serve our customers with excellence," said Estes Regional Vice President Ron Giordon.
This facility will enhance operations by providing additional support for the demand currently handled by Estes' terminals in Chicago and Elgin, IL.
Transportation Best Practices: 2014 Parcel Express Roundtable—Do your homework
Interesting article on the near future direction of parcel freight:
http://www.logisticsmgmt.com/article/transportation_best_practices_2014_parcel_express_roundtabledo_your_homewor
Southeastern Freight Lines opens new Florida facility
(Fleet Owner - 01/23/2014) Less-than-truckload provider Southeastern Freight Lines has opened a new service facility in Florida.
http://fleetowner.com/equipment/southeastern-freight-lines-opens-new-florida-facility
Averitt Rolls Out Climate Controlled Solutions for LTL Shipments
(Averitt Press Release - 02/03/2014) Averitt Express is now offering climate controlled solutions in self contained, self-powered LTL shipping units. These units provide flexibility since they can be combined with dry cargo and other climate controlled units.
“We asked our customers and they are very interested in climate controlled services, especially in the LTL environment,” commented Phil Pierce, executive vice president of sales and marketing at Averitt.
https://www.averittexpress.com/public/aboutUs/newsRoom/newsReleases/2014/climate-controlled-solutions-for-LTL-shipments.jsp
Con-Way offered something like this back in the early 90s.
33 foot pups. Wonder how long that will take as every time the trucking industry wants to increase length we hear (at least in the east) about how many fatal accidents trucks already cause and how longer lengths will cause more.
Jimmy B - All -
ABF Rate Increase Notice? It would be nice if it had done earlier schmoozing of its accounts.
Shippers - who can do performances worthy of Oscar Awards - likely to see this and claim
they are going into cardiac arrest? SIGH! Trucking is not a pretty trade all the time?
................................Vern..........................
SEFL has some nice barns.
hi jim,so a 33ft pup? why not a 30 ft bobtail with tandem and a 28 ft pup.mini rmd--lol peddle off the bobtail for p&d. they did to this back in the day--right?
i remember hauling flatbed from willowgrove naval station to philly navy yard.get off at bridge st off of 95.many a times i would see werner with a 48 ft and sleeper twin screw waiting for cars that were parked to close to corners--coudnt make the swing--poor guy. i would always have a 40 ft low bed. the navy yard was very interesting,i would end up at scrap yard by the brig--another interesting place--lol join the navy and be a truck driver--lol spent more time on a ship while i was a marine then a sailor--lolThis is all in my area. Out where the Air Force Base is (no longer active), there's plenty of room to maneuver tractor-trailers. The naval yard is another story...
Wabash Shows What a 33-Foot Pup Would Look Like
(HDT - March 31, 2014) What would a 28-foot pup trailer look like if it were stretched to 33 feet? The photo of a Wabash National van at the Technology & Maintenance Council’s annual meeting and expo a few weeks ago in Nashville gives us an idea, but here are some details.
http://www.truckinginfo.com/blog/trailer-talk/story/2014/03/wabash-shows-what-a-33-foot-pup-would-look-like.aspx?utm_campaign=Headline-News-20140401&utm_source=Email&utm_medium=Enewsletter
good catch jim,hope they all join the teamsters. secure all the pension funds nation wide.
Dohrn Transfer now one of the Hammel Companies
I'm curious as to if or how this might impact Pitt Ohio's relationship with Lakeville Motor Express.
http://www.dohrn.com/about-history.html
hi steve and jimmy,this would be great for the pension funds all over the u.s. picket signs and burn barrels wont work like back in the day.
didn't mean to upset you vern---I just meant those days are gone.have a happy day.im for you and jimmy
Con-Way was bought out by XPO Logistics. :oWow I didn't even know XPO logistics, was actually Express-1 Expedited Solutions but with a Name Change. I guess this move does make Sense though, Business wise :-\
"All of the acquired operations - Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal - will be rebranded as XPO Logistics."
Read more: http://www.nasdaq.com/press-release/xpo-logistics-to-acquire-conway-20150909-01409#ixzz3lHyq0ZE7