Friday Short Haul - Congress Passes Moving Forward Act, YRC Gets A Bailout, And Trucking Jobs On The Increase

In this Friday Short Haul, the suspense comes to an end as The House passes the Moving Forward Act, YRC Worldwide gets a huge government bailout, and trucking jobs are coming back.

Friday Short Haul - Congress passes Moving Forward Act, YRC gets a bailout, and trucking jobs on the increase

It says the bill was passed by Congress, but it was only passed by the House of Representatives. Congress is both the House and the Senate.

It says the bill was passed by Congress, but it was only passed by the House of Representatives. Congress is both the House and the Senate.

True. I'll edit the article.

Had the government not bailed out YRC I doubt they would have made it to the end of the year. They were behind on their employees insurance payments so as of this week it was going to be canceled.

They have been circleing the drain for at least 10 year might be time for places to cut their loses.

They have been circleing the drain for at least 10 year might be time for places to cut their loses.

That is so true. In a recent discussion we had about YRC I started to say how they've been struggling for years, and burdened with excessive debt, yet they always seem to find another source of capital. Once again they pulled a rabbit out of their hat. Only this time the rabbit insists on a share in the company. We shall see how this latest maneuver works out.

YRC came to my school around 2 weeks prior to graduation giving the recruiter story about the company. What set us back about them was that they promised us lunch and didnt deleiver so our school ended up having to get us pizza.

That was the nail in the coffin for them as far as our class was concerned lol.

No body even looked in their direction.....

I don't agree with the Gov't taking a share of the company. As others pointed out YRC has been been on the verge of closing shop numerous times. One can't help but wonder what they do differently than others such as OD or UPS Freight. Nearly every YRC truck I see looks ready to fall apart particularly the trucks doing P&D around town. Most look like they went to the junk yard and grabbed parts as they're so mismatched with colors. Yet i see OD or UPS and their equipment looks really nice. Saia equipment in my area looks a little rough but no where near as bad as YRC is running. I wonder what the costs would have been for the Gov't to just find a different carrier to haul Department of Defense loads. I doubt the Gov't will ever see a return on the money.

Agree. Their stuff looks raggity. My class figured if they cant provide lunch as promised what other stuff are they hiding.

It's amazing to me what the government will bail out. Sometimes letting a company fail c Is the best thing. Sucks for the workers though

I don't agree with the Gov't taking a share of the company. As others pointed out YRC has been been on the verge of closing shop numerous times. One can't help but wonder what they do differently than others such as OD or UPS Freight. Nearly every YRC truck I see looks ready to fall apart particularly the trucks doing P&D around town. Most look like they went to the junk yard and grabbed parts as they're so mismatched with colors. Yet i see OD or UPS and their equipment looks really nice. Saia equipment in my area looks a little rough but no where near as bad as YRC is running. I wonder what the costs would have been for the Gov't to just find a different carrier to haul Department of Defense loads. I doubt the Gov't will ever see a return on the money.

When my dad worked at Con-Way a few years ago they called him on the weekend and told him to pack his bags, there was a strong rumor YRC wasn't going to open on Monday. They wanted him to travel and inspect YRCs equipment to see if it is worth purchasing or not. He told them he sees it on the road and it's mostly junk and it would probably cost more to fix since they are not maintaining it than it would be to buy new. YRC got a last minute loan and that never came to be fortunately.

Saia around here has a mix of older trucks and brand new. They can at least afford to maintain their equipment while YRC can not.

Moe you made the right decision not to work for YRC I can not imagine how toxic their work environment must be since you don't know if the company can afford to open their doors the next day. I remember a story a few years ago were they couldn't afford fuel so drivers had to look for a truck that had enough for their run, also one were they couldn't afford snow removal so they were praying for a easy winter. If you can't afford fuel for your trucks I'd imagine your pizza budget his pretty small.