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DOT Issues Electronic Logbook Regs

Truckinginfo March 14, 2014 View the original piece The Federal Motor Carrier Safety Administration on Thursday unveiled its proposal to require interstate commercial truck and bus companies to use Electronic Logging Devices in their vehicles to improve compliance with the safety rules that govern the number of hours a driver can work. FMCSA contends the proposal would significantly reduce the paperwork burden associated with hours-of-service recordkeeping -- the largest in the federal government following tax-related...

YRCW Execs Get Huge Bonuses

March 10, 2014: Last week the top execs of YRCW each got an $800,000 bonus, as a reward for the concessions approved by Teamster employees and the subsequent debt refinancing. A salaried (nonunion) employee of YRCW sent us an open letter to CEO James Welch regarding the top-heavy priorities of YRCW management, which is reprinted below. For obvious reasons, the letter is not signed. Mr Welch; Congratulations to you and Mr. Harry Wilson and Mr....

YRCW’s Welch Nets $2.3 Million; Wilson Takes the Money and Runs

UPDATED March 6, 2014: Two recent SEC filings reveal that James Welch, CEO of YRCW, sold 93,750 shares of company stock and made $2,329,358. He first sold 38,000 shares, then within a few days sold another 55,750 shares. The filing also noted that Welch owns 329,157 shares at a current value of over $8 million. The SEC document is available here. Meanwhile, Harry Wilson, YRCW Board member appointed by James Hoffa for the IBT, has...

FedEx Presses Congress for 33-foot twin trailers

Avery Vise Fleet Owner March 03, 2014 View the original piece Increasing the national standard for twin trailers to 33 ft. from the existing 28 ft. would allow carriers to absorb up to 18% of future freight growth without any change in gross vehicle weight or additional miles traveled on roadways, the chief executive officer of FedEx Ground told a Congressional subcommittee Feb. 27. The House Transportation & Infrastructure Committee’s subcommittee on highways and transit...

YRCW 2013 Results

February 28, 2014: YRCW announced their 2013 annual and fourth quarter numbers and it’s clear that the regional carriers are pulling their weight. Operating profits were up to $22.7 million in 2013 for the regionals – Holland, New Penn, and Reddaway - while YRC Freight posted a 2013 loss of $15.4 million. YRC claimed losses due to weather, workers’ compensation claims, and weaker rates. In late 2013, Jeff Rogers was removed as president of YRC...
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