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John Schulz, Independent Analyst - Contributing Editor

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Will $900 Million a Year Savings Be Enough For YRC Worldwide?

July 15, 2009

Teamsters Consider Extra 5 Percent YRC Worldwide Pay Cut | www.bizjournals.com

  YRC Worldwide's 50,000 Teamsters employees are being asked to approve an additional 5 percent wage cut as well as an 18-month freeze in the company's pension contributions. This comes on top of a 10 percent wage cut already approved by the YRC workers. Combined, these two givebacks are estimated to save YRCW approximately $900 million annually as the debt-laden company fights for survival.

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

The Anatomy Of Trucking Business Failures: A Series Of Events + Some Thoughts About YRCW Labor

July 12, 2009

YRC Worldwide: Jimmy Hoffa Would be Proud | shar.es

The referenced article and our esteemed colleague John Schultz offers up an interesting contrast in opinions regarding the impact of labor in YRC Worldwide’s problems. I agree with his general thoughts but labor has been an issue in both Yellow’s and Roadway’s since deregulation - with USF’s becoming moreso after they were bought by YRCW.

John Schulz, Independent Analyst - Contributing Editor

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

The Teamsters Are Not to Blame for YRC Wordwide's Current Desperation

July 10, 2009

YRC Worldwide: Jimmy Hoffa Would be Proud | shar.es

 YRC Worldwide has too much debt, has lost nearly $2 billion in the last nine quarters, is downsizing its network and has outdated work rules. Of all those shortcomings, probably only the latter can be blamed exclusively on the Teamsters' union. Yet an article in Today'sFinancialNews.com tries to blame all of YRC's shortcomings on its union, and very little to management's buying binge earlier in this decade that saddled the company with an unrealistic debt load.

John Schulz, Independent Analyst - Contributing Editor

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Press Releases Are Good. Facts Are Better. YRC Soldiers On.

July 9, 2009

YRC Worldwide Reaches Tentative Agreement with Teamsters Union | www.prnewswire.com

YRC Worldwide, the nation's largest trucking company by revenue, issued a press release saying it has reached a tentative agreement with the Teamsters union over more concessions made by its 55,000 rank-and-file Teamsters. Exact details are not known, and were not disclosed. They are likely to include an additional 5 percent wage cut in addition to the 10 percent wage giveback the union agreed to back in April.

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Oil Companies Should Be In Some Alternative Energy Markets - Eventually

July 8, 2009

BP shuts alternative energy HQ | www.guardian.co.uk

BP downsizing their alternative energy investment arm is putting them in line with other majors. While they are lessening their activity in some areas, they continue in others where they make sense. As an active partner in an alternative energy company and having been in many meetings with majors, I have understood and reluctantly agreed with their lack of enthusiasm to get too involved in the alternative sector - yet!

John Schulz, Independent Analyst - Contributing Editor

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Safe to Say Trucking Has Hit Bottom. Now, How High Will the Dead-Cat Bounce Be?

June 29, 2009

ATA Truck Tonnage Index Increased 3.2 Percent in May | www.etrucker.com

Truck tonnage, which fell close to 20 percent by some carriers' calculations, seems to have hit bottom sometime in the first or second quarter. A leading truck tonnage index shows that tonnage rose in May for the first time since February, although it wasn't large enough to offset the cumulative declines in March through April. Still, for a sector that has been in the doldrums since August of 2006, this is welcome news.

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Fuel Prices Are Not A Bargain To Those Who Must Pay For It - Just Talk to Shippers, Truckers & Conusmers

June 25, 2009

The ups and downs of diesel | www.chron.com

The referenced article notes that diesel fuel prices look like a bargain compared to last year. OK - $4.65 per gallon last year v. $2.60 per gallon per EIA is significant, but that comparison is not fair. The real issue to freight planners is the effect of price as compared to historical GDP (e.g. we have doubled cost averages over the last 5-years at today's prices) - and it’s getting uglier again too quickly.

Jeff MoserPresidentWest Branch LLC What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Dow Ag interest heating up again

June 22, 2009

ChemChina Taps JPMorgan for Dow Chemical Unit Bid | www.cnbc.com

Dow's hand is forced regarding more divestitures to pay down ROH leverage.  The only uncertainty is whether units like Ag will be sold outright or into a JV entity.

John Schulz, Independent Analyst - Contributing Editor

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

YRC Worldwide Lives for Another Quarter, Maybe Much Longer

June 18, 2009

IBT Proposes 14-month Pension Deal for YRC | www.tdu.org

YRC Worldwide, which has lost close to $2 billion in the last nine quarters, has won new life. It has won an immediate deferral of some $83 million in pension payments in the second quarter, an amendment to its credit agreement with lenders regarding real estate leasebacks and is trying to win rank-and-file approval of a 14 month, $500 million pension deferral in a deal proposed by the national International Brotherhood of Teamsters leadership.

John Schulz, Independent Analyst - Contributing Editor

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Shippers Want More than Simplicity--They Want Savings

June 18, 2009

Con-way says new LTL pricing plan will 'transform' trucking industry | www.thetrucker.com

Con-way's innovative new "True LTL Pricing" scheme has the potential to, as the company says in its press release, "transform" the Byzantine world of truck pricing. But that really is not up to Con-way; rather, it will be up the shipping community. Likely they will accept Con-way's pricing on one condition: their freight bills are lowered as a result.

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