I work for one of the larger competitors of YRC, though no one is as big as the conglomeration that is now YRC. The rest of us are non-union, and that has a LOT to do with why we are still making money, and YRC is not. What I would like to see, is media outlets such as yourself look into WHY, YRC continues to be in business. Yellow made the decision in 05 to combine all of the remaining larger teamster companies. They did that, as they could no longer compete with the non-union trucking companies. Now, we even pay better wages that the teamsters. The typical union problems have plagued Yellow for years, and they could simply no longer pay all of their health-care and retirement costs. Simple math shows you, that you cant hire a man at 20, work him 30 years and pay him well, then pay all of his health related costs and retirement for ANOTHER 30 years. The non-union companies still offer good pay, and reasonable help with 401K related retirement.
What I want to know, is WHO in this Obama led democrat government, continues to put pressure on the banks holding the loans on YRC, to let them continue operating ? They have lost THREE BILLION dollars in 3 years. And they continue to bleed profusely, and we are going into a stagnant economy, and into the worst quarter of the coming year. YRC has NO chance to make money. Who else that lost their jobs kept their home, cars, etc after this crash and recession, and got their banks to extend them time for 3 years afterward ?
Our market needs to reset itself, and can only do so with the drop from the market of a major loser like YRC. But the democrats and their allegiance to the big unions, continue to put pressure on these banks still fat with BORROWED TAXPAYER money…. to let them continue losing money. The teamster union is thankfully finally dead. It needs to go away completely, and the ‘government’ needs to be exposed for its partisan medling into yet another private industry.
Please, look into this fiasco before it gets even worse.

its kind of funny conway dogs yrc,these are the same people who locked out 45000 teamsters when they shut down cf,they were using money from c.f. to pay their fuel costs and other bills,conway took 15% of their workers pay and stopped paying into there 401K and the employees did not have a choice,make fun of yrc but conway employees are just modern slaves to there master which is conway,also conway welched on all the teamsters which were part of their company and dont pay any pension beefits for them ,i would be nervous if i worked for them,they cut there freight rates by 90% for 90 days to kill yrc and its hurt them worse tthan they said,i sold all my conway stock,fed ex freight is on the hunt and conway is the next victim for them and ups is actively pursuing there customers,and conway will be gone by july of 2010 lots of changes are coming,ups and fed ex will control the ltl ground and ltl freight ops by july of 2010 and aolt of the other big companys like,yrc,conway,estes and r&l will be gone.good luke to all of us in the industry.

As a Teamster and Roadway (now YRC) wife, I can sympathize with Arrow Trucking employees. My husband worked for Consolidated Freightways when on Labor Day in September 2002, at our company picnic, all employees were told “Do not report to work tomorrow–the company has ceased operations.” We thought it was a mean joke. Who would’ve thought to this announcement was true with families in tow on such a happy day? It was Labor Day! My heart and prayers go out to all at Arrow Trucking. As for YRC, it has been one very difficult period for all its employees, union and non-union. We took a 15% pay cut and have forgone pension contributions for 18 months. Now we’re laid off. Unemployment is unattainable if you’re called to work 2-3 days. You’re caught between a rock and a hard place. We have given our livelihoods to avert a company closure. It’s a very stressful situation to be in. No one is bailing us out. Jobs are scarce, (we’ve encountered 200 applicants for 1 opening.) Non-union companies have gone out of their way to drive YRC out of business by cutting freight costs to as much as 90%. Obviously YRC is NOT going out of business. YRC has accomplished what no other company has ever done and that is the loyalty of their banks and YRC is not given enough credit for it. If the banks didn’t believe in YRC, they would’ve walked away long ago. They’ve stood by their side. Yes, banks have a lot to lose if YRC folds. Then again, banks have a lot to gain if and when our economy returns to prosperity. The union has done everything they’ve been asked. For anyone to say it’s the union’s doing, speaks irresponsibly or ill-informed. The union does NOT maintain YRC’s books. YRC’s balance sheets are the responsiblity of YRC, not the union’s. The union is there to protect our jobs. For now, our jobs are out of anyone’s control. This administration needs to step up and avert the posibility of 30,000+ more people out of jobs, who, for the most part, supported Obama into office. The favor needs to be reiterated or Democrats will be history in the union’s eyes.

after 27 years of service with yellow up here in canada it is with a sad heart that i find myself having to comment on the state of this fine old company that has been great to me for all these years.But to listen to some clown sitting back and blaming the teamsters for the demise of yrc makes me want to barf, the problems of this company falls squarely on the shoulders of managment and some of the bone-head moves they have made over the past years for example buying an ltl company in china!! when in the not to distant future the price of oil will be in the triple digit figures and this time for good. and the cost of bunker oil the the ships coming from china will consume will far out pace the money saved from chinese wages. and the manufacturing will slowly return to the n. american shores. nascar!!!! how many millions did they blow on nascar not worth the exsposure they were suposed to get the same for Jim furek the golfer.but the one thing no-one is talking about is the 1.5 billion dollars that yellow has paid out to the pensions of all the employee’s of all the companys that no longer exist, people who never worked an hour for yellow freight and if it wasn’t for the teamsters, all those people would be a burden on the american tax payer and the u.s. govournment so my personel hope is that the dept for equity goes through and the whole crew of idiots we have running the show will be given the boot out on their arses