retired Roadway Employee

YRC Worldwide: A Compelling Short Idea

MIKEEE, watch out. The glory days are really coming to an end. The grocers for Ralphs in So. Cal just learned by their union that investments have not panned out and they are taking a huge cut in their retirement. I have been wondering about the Teamsters and how well the retirement fund will hold up when the baby-boomers retire and put a real drain on the reserves. Look around. This country is suffering and there's a lot of people willing to work hard right now for half of what you and others "expect".


On Apr 22 08:07 AM MIKEEEEE wrote:

> i've been driving trucks for 45 years and for YELLOW the last 20.
>
>
> competitors have been trying to destroy YELLOW for as long as i've
> been here.
>
> they can't, we move freight better and faster than they can even
> with our slower trucks.
>
> the author of this article sits in an office in a financial center
> and reads all sorts of macro crap.
>
> he knows nothing of 'lane density' 'claims ratio' 'trailer pool'
> or 'system balance', if he did he would understand that right now
> we're in 'survival mode'.
>
> we went there last year.
>
> the way you tell a carrier's strength is very simple, look at the
> tires and brake linings.
>
> by the way genius, where did you cull the figure for pension liability?
>
>
> all of us teamsters' pensions are administered by the teamster pension
> plans we're enrolled in.
>
> next november i'll be getting about 3400$ monthly for 13 months annualy
> plus healthcare for me and my wife and 1800$ from social security.
>
>
> 65 grand annually aint too shabby for retirement is it?
>
> if the economy is still in the toilet i'll keep working and collect
> social security simultaneously for a 100k annually.
>
> look around you, everything you are in contact with was handled by
> an LTL carrier and we're the biggest an best.
>
> ps; when the chinese operation kicks in just remember we're the only
> ones that can move LTL between china and the usa door to door.