Events Calendar
In This Section
Local families get helping hand
FAA reportedly eyes hefty fines for American
Texas company buys vast gas resources
Google lowers fee for breaking phone contract
Buffett joins with Paulson in predicting big payback
Toyota recalls Prius, hybrids over glitch in brake software
EU's decision to assist Greece gives Dow boost
Google e-mail service to add features for social networking
Most Read Stories
Blogs:
First Bell - On Education:
No City of Akron basketball tonight
Pets:
Pet telethon re-airs
The Heldenfiles:
Chipmunks "Squeakquel" on DVD/BD March 30
Akron Zips:
Late surge gives Zips ugly road win
Tribe Matters:
Blogmail response on Hafner
Cleveland Browns:
Stallworth's contract terminated
Balanced Ledger:
QB in Browns future: another mock draft
Kent State Sports:
KSU Notes – February 9
Cleveland Cavaliers:
NBA Power Rankings from Around the Internet
Buckeye Blogging:
Buckeyes grab 18 players on signing day
Varsity Letters:
Garfield at Buchtel basketball
All Da King's Men:
Palin At The Tea Party Convention
Blog of Mass Destruction:
Akron Law Café:
Citizens United v. F.E.C. (Part 4): Kennedy's and O'Connor's Basic Approaches to Constitutional Decisionmaking – Top Down and Bottom Up
Car Chase:
Collector Car Hobby Loses One of the Best—Jim Roll
Let's Talk Real Estate:
Decisions Decisions: Credit Cards or Your Mortgage?
Ohio Travels with Betty:
Loucile is looking for a Lake Erie getaway in June for three kids, ages 1, 3, and 5.
Sound Check:
Talk of the Town – Top entertainment picks for the weekend
HRLite House:
Track HR Research
Akron Gamer:
'Tecmo Bowl' recreation of Super Bowl XLIV
See Jane Style:
Do IT this week: Layering
By Jim Mackinnon
Beacon Journal staff writer
POSTED: 08:00 p.m. EST, Nov 17, 2009
Trucking company YRC Worldwide (NASDAQ: YRCW) plans to close a terminal in Richfield and move the work to two other Northeast Ohio terminals, including its Copley facility.
The financially struggling Overland Park, Kan.-based company, parent of the former Roadway in Akron, has told its Teamsters workers that it is seeking what is called a ''change in operations'' in its contract that will lead to the closing of the terminal at 2977 Brecksville Road.
The closure and moving of jobs ''will be implemented on a single day,'' according to a 10-page document the company sent to the union, dated Nov. 13. The document cover sheet indicates the change could take place in December.
''This is part of our ongoing effort to synchronize our network to continue to optimize customer service,'' YRC spokeswoman Suzanne Dawson said.
Teamsters Local 24, which represents workers at the Copley terminal, did not return calls Tuesday seeking comment.
Teamsters for a Democratic Union, an offshoot group often critical of the main Teamsters union, said the changes at the three terminals will affect about 1,000 workers, including 400 now on layoff.
According to the union group, work will go to the Copley terminal as well as another YRC terminal at 5250 Brecksville Road in Cuyahoga County. Workers will be able to transfer to the new locations and will be able to bump less senior union workers.
According to the company's calculations, 207 workers, including 96 drivers, will transfer to the Copley terminal.
''Based on the extended poor economic conditions, it is imperative that operations within YRC terminals continue to be consolidated as quickly as possible, thus eliminating inefficiency within the network,'' the company said in its letter to Teamsters officials.
The Copley terminal will become the Northeast Ohio distribution center, according to the YRC memo.
YRC is seeking to slash costs as part of its plan to return to profitability.
The company last week announced a $536.8 million debt-exchange offer to help the trucking giant recover its financial footing. The debt-for-equity offering will have bondholders take about 95 percent of the company's common stock. If the offering fails, YRC said it likely will file for bankruptcy.
The company lost $158.7 million, or $2.67 per share, in its most recent quarter.
Jim Mackinnon can be reached at 330-996-3544 or jmackinnon@thebeaconjournal.com.
Trucking company YRC Worldwide (NASDAQ: YRCW) plans to close a terminal in Richfield and move the work to two other Northeast Ohio terminals, including its Copley facility.
The financially struggling Overland Park, Kan.-based company, parent of the former Roadway in Akron, has told its Teamsters workers that it is seeking what is called a ''change in operations'' in its contract that will lead to the closing of the terminal at 2977 Brecksville Road.
The closure and moving of jobs ''will be implemented on a single day,'' according to a 10-page document the company sent to the union, dated Nov. 13. The document cover sheet indicates the change could take place in December.
''This is part of our ongoing effort to synchronize our network to continue to optimize customer service,'' YRC spokeswoman Suzanne Dawson said.
Teamsters Local 24, which represents workers at the Copley terminal, did not return calls Tuesday seeking comment.
Teamsters for a Democratic Union, an offshoot group often critical of the main Teamsters union, said the changes at the three terminals will affect about 1,000 workers, including 400 now on layoff.
According to the union group, work will go to the Copley terminal as well as another YRC terminal at 5250 Brecksville Road in Cuyahoga County. Workers will be able to transfer to the new locations and will be able to bump less senior union workers.
According to the company's calculations, 207 workers, including 96 drivers, will transfer to the Copley terminal.
''Based on the extended poor economic conditions, it is imperative that operations within YRC terminals continue to be consolidated as quickly as possible, thus eliminating inefficiency within the network,'' the company said in its letter to Teamsters officials.
The Copley terminal will become the Northeast Ohio distribution center, according to the YRC memo.
YRC is seeking to slash costs as part of its plan to return to profitability.
The company last week announced a $536.8 million debt-exchange offer to help the trucking giant recover its financial footing. The debt-for-equity offering will have bondholders take about 95 percent of the company's common stock. If the offering fails, YRC said it likely will file for bankruptcy.
The company lost $158.7 million, or $2.67 per share, in its most recent quarter.
Jim Mackinnon can be reached at 330-996-3544 or jmackinnon@thebeaconjournal.com.
Comments
Click here to post your comments
akron, oh
Posted 10:11 PM, 11/17/2009
I'll be darn -- more Union problems. Pay large salaries for years and watch the bottom fall out.
somewhere near you, US
Posted 10:27 PM, 11/17/2009
MikeP
That and negligently damage nearly every shipment you're given and then fight taking responsibility for the damage.
Danville, CA
Posted 10:45 PM, 11/17/2009
Don't look now...here comes Loren!
Akron, OH
Posted 12:26 AM, 11/18/2009
Dollar Bill and The Smidster want this change of operations to go into effect by January 10, 2010! More jobs will be at risk! This all might be elementary if the debt for equity deal is not approved by all the bondholders on December 7, 2009...a day that might go down in infamy for YRCW!
San Diego, CA
Posted 01:11 AM, 11/18/2009
Not a surprising scenario here. I believe both were breakbulk terminals (at least that's what they used to call them)...the Brecksville terminal was Yellow's and the Copley terminal Roadway's. I don't think it made any sense to keep both terminals open.
@MikeP: Isn't it just awful that they made a living wage?! I used to work in the trucking business on the management side and most of the time, company troubles were the result of bad upper management decisions.
barberton, oh
Posted 08:57 AM, 11/18/2009
mikep: i worked at roadway (non-union). because of the union i made a good hourly wage for a good productive day of work. all of roadways original employees, union and non-union a like gave heart and soul for that company.. and it was appreciated. yellow came in the picture and through inept MANAGEMENT FROM YELLOW it only took 5 years to take a viable company and make it the loser it is today. they got rid of me and all older employees in march... could it be that is why they are in serious trouble? i seen it coming after 2 yrs of greedy Yellow. don't blame the union for this... you talk of something you know very little about. how much do you make an hour???or are you management???
akron, oh
Posted 09:20 AM, 11/18/2009
This is why issue 3 passed!!!
mogadore, oh
Posted 10:59 AM, 11/18/2009
Dear Mike P:
Hey...Kook......what about those small bonus babies at Goldman Sachs??? Seems to me you should be venting your idiotic statements elsewhere.
uniontown, oh
Posted 02:25 PM, 11/18/2009
I sure hope that Roadway can hang on. We all know how important this company is for all of us. Good Luck Roadway.
Orrville, Oh
Posted 08:38 PM, 11/18/2009
Maximizing consumer service won’t interfere with YRC Stockholders (money marketers) marketing more stock dividends (money) quarterly in the price of YRC service.
Reality demands users of YRC service pay for this money with money derived from wages or independent business profit and get only YRC service. And fund laid-off union drivers paying with welfare checks, food stamps, housing vouchers, and Medicaid!
akron, oh
Posted 01:43 AM, 11/19/2009
This is the culmination of alot of things. This perfect storm has been brewing for awhile. One overwhelming factor has been Yellow's greed in expanding too quickly and poor business practices. They did alot to alienate historical loyal customers at Roadway, Holland, ect. Very arrogant people. Again, those responsible for bad decisons are never penalized. EVERYONE (union included) needs to look at their part in this, but, as we know, that never happens. Please recognize that I say this as the wife of a Teamster.
Arnoldsburg, WV
Posted 02:23 AM, 11/19/2009
LOL- I see that everyone has already corrected Mike P. Oh well, I'm still going to add my 2 cents.
I'm not a truck driver or dock worker, but I know a lot of them, my brother happens to be one and I have alot of respect for them. If I was to take a bet, I'd bet Mike P couldn't handle any aspect of the job.
I hate to bring politics into this one but, 100 to 1 says Mike P is a far right conservative, that doesn't see anything wrong with wall street tycoons making billions, but thinks the working man doesn't deserve anything. How ironic the party that is ALWAYS shooting their mouth off about entitlements, feel that they are entitled to everything and actually do VERY LITTLE of the work.
Arnoldsburg, WV
Posted 02:32 AM, 11/19/2009
Companies that are union built this country for many years and made money while doing it. now corporate GREED has set in and all of the sudden it's the workers fault. What an ignorant philosphy.
Here is an idea, how about all the working people like: farmers,factory workers,truck drivers,post office workers,firemen,police officers,food service workers,etc., go on strike and then we'll see how good people like Mike P and his spoiled buddies do.
South Carolina, SC
Posted 10:52 PM, 11/20/2009
It wasn't the union wages, they've taken consessions anyway...it was Mr. Zollars buying up every trucking company he could get his hands in, and putting the company deeply deeply in debt.
This was purely and soley the management of YRC's fault. Pure and simple. Mike P, you sound like you have no idea what went on at YRC, and what they did to many trucking companies, BESIDES Roadway. Take a look at how many companies Yellow bought out...
