Mr. John Schulz

GLG News^SM Analyses by John Schulz

GLG News is now G+ Insights

G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.

Best News for the Trucking Industry Has Nothing to Do With Trucking

January 19, 2011

Analysis of:U.S. Factories Buck Decline | online.wsj.com

American manufacturing, long written off as a economic loser, is making a comeback. For the first time since 1997, the number of manufacturing jobs grew last year by 1.2 percent, of 136,000 new jobs. And it's not a one-shot deal. Economists are predicting a 2.5 percent gain, or 330,000 new manufacturing jobs, this year.

Downsizing of YRC Worldwide Continues: Details of 41 More Terminals to Close

November 17, 2010

Analysis of:YRC Worldwide will close 40 terminals because of low freight volume | www.bizjournals.com

YRC Worldwide, reacting to a slump in its overall freight demand, will close about 40 trucking terminals, or about 12 percent of its overall network. This reduction will continue to "right-size" YRC, according to its CFO, Sheila Taylor. Outgoing Chairman and CEO Bill Zollars says there should be no more terminal closings at YRC for awhile, as its capacity and freight demand are in "pretty good balance now."

Another Quarter, Another Quarterly Loss For YRC Worldwide

November 5, 2010

Analysis of:YRC Worldwide Achieved Significant Progress on Comprehensive Recovery Plan | finance.yahoo.com

YRC Worldwide reported a third-quarter net loss of $62 million on $1.14 billion revenue, compared with a $159 million loss on $1.2 billion revenue in the year-ago quarter. Bill Zollars, YRC's chairman, CEO and president who is leaving the company at the end of the year, said the $62 million loss meant the financially troubled LTL trucker had "achieved significant progress" despite losses in excess of $2.2 billion the last two and a-half years.

YRC Worldwide Gets More Life--Teamsters Accept More Concessions on Pay, Pensions

November 1, 2010

Analysis of:Teamsters Accept More Concessions at YRC Worldwide | www.kansascity.com

Rank-and-file Teamsters at YRC Worldwide units have accepted another round of wage and pension concessions aimed at keeping the struggling LTL carrier alive. In addition to a 15 percent wage concession through 2015, the YRC workers will continue a freeze on their pensions until mid-2011, and then get only 25 percent of previously agreed to pension contributions. The scheme is estimated to save YRC as much as $350 million annually.

Anger and Angst Drive Another Challenge to Hoffa

October 12, 2010

Analysis of:Second Teamsters Candidate to Challenge Hoffa | www.nytimes.com

Sandy Pope, a former truck driver and president of a large Teamsters Local in Long Island City, N.Y., is officially challenging incumbent Teamsters president James. P. "Jim" Hoffa in next year's election at the 1.4 million-member union. An admitted longshot, Ms. Pope is the second official challenger to Hoffa. Earlier, Fred Gegare, a Teamsters leader from Green Bay, Wis., announced he was challenging the two-term incumbent of the Teamsters.

View All GLG News ^SM Analyses by John Schulz