The former Craftsman Factory auction?
- Thread starter bob15
- Start date
That's a brand new warehouse/plant. Is that the one they abandoned before it ever opened?
larry4406
Well-known member
Shame.
Looks like it was...
Source https://www.costar.com/article/4813...aker-to-close-two-us-manufacturing-facilities
Source https://www.costar.com/article/4813...aker-to-close-two-us-manufacturing-facilities
nadogail
Well-known member
Damn, they are wonderful opportunities; but it is too far away from me.
scooby074
Well-known member
Sad
Wrench97
Well-known member
That company has been in business for 100 years. They could no longer successfully compete in a cut-throat trucking industry, utilizing Teamster labor.I know who leader of the pack would be for that category...........................
Would pulling the plug, be an idiotic business decision?
Wrench97
Well-known member
The idiotic business decisions started in the 90's when they sought to buy out trucking industry and ran up 2 billion+ in debt they couldn't pay for leaving a trail of destroyed companies behind them.That company has been in business for 100 years. They could no longer successfully compete in a cut-throat trucking industry, utilizing Teamster labor.
Would pulling the plug, be an idiotic business decision?
Their answer has always been(at least for the last 20 years) to cut the rates to get cheap unprofitable freight on the trucks and then cry poor and ask for employee give backs both union and nonunion.
Shame it's a days drive, the mfg engineer in me would love to wander thru it just to see what's still setup and how they were attempting to operate. With all those buss plugs still NIB they had a lot of plans for equipment that never showed up
MarvinBerry
Well-known member
Technically they did make some pre rusted & incomplete blowmold socket kits before pulling the plug... but yeah. That seems to be the much hyped... much anticipated... and now abandoned USA plant.
What a shame.
Flip side... I feel like the quality of the modern Taiwan stuff, especially the gunmetal wrenches & sockets is excellent. And the current blowout bLowes pricing makes it a stupid great value...
Kinda makes you wonder what's next. Kinda.
I was at Lowes today and saw the 88pc and 59pc blow molded tool kits. I bought an 88pc.
The wratchets are pretty nice, the sockets look good, the blow molded case is the best one i've ever seen from a tool company.
It's a shame that the Tx plant closed, I would have bought more products.
The wratchets are pretty nice, the sockets look good, the blow molded case is the best one i've ever seen from a tool company.
It's a shame that the Tx plant closed, I would have bought more products.
Attachments
Snapped-off
Well-known member
Is this the one they put all the news out and then just went radio silent the last few years?
Sadly, yes.
JHForman
Well-known member
That company has been in business for 100 years. They could no longer successfully compete in a cut-throat trucking industry, utilizing Teamster labor.
Would pulling the plug, be an idiotic business decision?
this is internet garbage, the union did not cause their downfall.
UPS and others are making a killing using Teamster labor.That company has been in business for 100 years. They could no longer successfully compete in a cut-throat trucking industry, utilizing Teamster labor.
Would pulling the plug, be an idiotic business decision?
Yellow was managed piss poorly for decades.
dnschmidt
Well-known member
Standard Wall Street horseshit is to blame the unions. How about blame the piss poor management. I suppose the Union was responsible for the Bud Light disaster as well right?
Come on, we all know that parcel delivery and LTL Freight delivery are two completely different animals.
UPS has a handful of competitors. Yellow probably had 300. Of those three are teamster.
How about some facts, to back up your statement?
Personally, I don’t work for yellow, but I’ve known teamster shops of taking a beating and closing down over the decades.
Probably always the fault of management
Best blow molded case
Congrats CM on making a plastic box
You can laugh all you want but it really is a nice case. I'd compare it with Pelican cases. Go see for your self.
Bubba Fett
Well-known member
How about some facts, to back up your statement?
Personally, I don’t work for yellow, but I’ve known teamster shops of taking a beating and closing down over the decades.
Probably always the fault of management
https://www.reuters.com/business/au...-boosting-rates-rival-us-truckers-2023-07-31/
I've known (and worked for) companies that were obsessively buying out as many smaller companies as possible in an effort to eliminate the competition, and get ahold or assets, only to end up in unimaginable debt that they can't pay off. Of course, the whole time they couldn't afford to give workers a pay raise, and wondered why turnover was so high. They ended up getting bought out themselves. These companies didn't have a Union to blame, though.
Generally speaking, in one way or another, management is pretty much ALWAYS the reason a company fails.
The trucking industry has grown exponentially, since deregulation (40 years ago,) , but teamster membership has declined steadily since almost down to the point of being minuscule.
There must be some reason for it, and certainly have a higher labor cost to be a factor in competing.
I don’t take my word, here’s more fake news from the Internet.
Why Teamsters is willing to sacrifice 22,000 union trucking jobs
Trucking giant Yellow said it may run out of money sometime this month.
www.freightwaves.com
A lot of companies have large debt. The only reason yellow freight took a dump? Hard to say, considering higher operational costs.
Ironic that yellow said they were closing in the union told them to “go ahead” because I thought the company was bluffing
Yellow offered dirt cheap rates to customers, skimped on equipment, and bought companies up only to destroy them, while the executives doing it took huge bonuses.The trucking industry has grown exponentially, since deregulation (40 years ago,) , but teamster membership has declined steadily since almost down to the point of being minuscule.
There must be some reason for it, and certainly have a higher labor cost to be a factor in competing.
I don’t take my word, here’s more fake news from the Internet.
Why Teamsters is willing to sacrifice 22,000 union trucking jobs
Trucking giant Yellow said it may run out of money sometime this month.
A lot of companies have large debt. The only reason yellow freight took a dump? Hard to say, considering higher operational costs.
Ironic that yellow said they were closing in the union told them to “go ahead” because I thought the company was bluffing
That's why they failed. They didn't even survive after a government bailout and Teamster concessions because they didn't change their ways.
Should be some good buys since most of it looks like it’s never been used
Why do you think they didn’t charge higher freight rates?
Because they were such a mess their only appeal was being cheap.Why do you think they didn’t charge higher freight rates?
Other companies didn't and continue to not go down that path.
Bubba Fett
Well-known member
Amazing that such a miniscule force apparently has the power to destroy businesses on a whim. Also amazing that other companies that use Union labor are fine, and other companies that don't use Union labor still fail.
Yet the people who make decisions that have company-wide effects are totally blameless, apparently.
I found a WSJ article but it's behind a paywall. Here is an MSN article about the plant closing:
https://www.msn.com/en-us/autos/new...er-black-decker-s-craftsman-tools/ar-AA1eetKO
Doesn't sound like a union or management issue.
https://www.msn.com/en-us/autos/new...er-black-decker-s-craftsman-tools/ar-AA1eetKO
Doesn't sound like a union or management issue.
Wrench97
Well-known member
Yellow for years "bought" freight with low rates, they did away with lower management that kept the workforce on track and just about anything would fly there for the last 8 years or so, drivers were a revolving door the good ones got dumped on by the dispatchers simply because dispatch knew they would get the pick ups made while the one that ran that area was napping behind Walmart, the good drivers left either retiring or moving on to greener pastures........ Both Roadway and Yellow at one time were both places that no issues attracting the top drivers there was a line out the front door for days to fill one position back in the 70's, 80's and 90's for the last 8 or so years we got the fresh out of driving school grads who we then poorly trained, former Estes. Old Dominion, Fex Ex drivers who didn't make at the their previous companies because of accidents, absenteeism, and a couple for theft because that's all they could hireThe trucking industry has grown exponentially, since deregulation (40 years ago,) , but teamster membership has declined steadily since almost down to the point of being minuscule.
There must be some reason for it, and certainly have a higher labor cost to be a factor in competing.
I don’t take my word, here’s more fake news from the Internet.
Why Teamsters is willing to sacrifice 22,000 union trucking jobs
Trucking giant Yellow said it may run out of money sometime this month.
A lot of companies have large debt. The only reason yellow freight took a dump? Hard to say, considering higher operational costs.
Ironic that yellow said they were closing in the union told them to “go ahead” because I thought the company was bluffing
The Teamsters do have some blame here but lets be honest they also bent over backwards for the last 12+ years giving YRC/Yellow/Holland what they wanted from $0 pension payments to delayed health insurance payments once in 2012 for close to 2 months no pay/no interest for almost a year(That's to the tune of $50,000,000).
Every "Change of Operations" was granted moving drivers around the country so they could drive from Charlotte to Carlisle instead of from Carlisle to Charlotte because the company's management team at that time favored the work rules in Charlotte better only swap the primaries back 2 years later since the new management team lined the work rules in Carlisle better.
This time the "Change" included work rule changes that basically took drivers that worked in the regional market and drove from Terminal A to Terminal B and work the dock before driving back to Terminal A and proposed to pay them by the mile rather them by the hour thus turning a 12 hour day that use to pay 4 hours @ time and a half into a 12 hour day with no time and a half pay. That was never going to fly.
The end came when the company CEO and the president of the Teamsters got into a public battle causing the customer base to flee, Yellow needed 50,000 shipments a day to make money the last full week they got something like 20,000 a day and declining.
If you are in a business making 2-4 cents on a dollar of revenue you can't publicly battle with a union threating to strike.
Low Class Yuppie
Member
- Joined
- Aug 17, 2023
- Messages
- 8
Pretty sad to see all of that brand new equipment that never got used. Glad I got my Made in the USA tool set from this place, I guess. It's a shame there won't be more where that came from.
PugetDude
ALLIANCE MEMBER
They're selling inconsequential supplies. Looked through all four pages; I didn't see a single piece of automated manufacturing equipment.
Totes, cabinets, surplus motors, a couple of tool room mills?? If it was ever intended to be a full-blown manufacturing plant you would expect to see cutting equipment, forming presses, forging, machining, grinding and finishing equipment, plating, packaging, etc.
I remember seeing the initial press release and thinking there was no way you could manufacture anything with the budget they announced. IIRC it was ~$80-90 million? That doesn't go very far buying high-tech custom manufacturing equipment.
A lot more to this story.
Totes, cabinets, surplus motors, a couple of tool room mills?? If it was ever intended to be a full-blown manufacturing plant you would expect to see cutting equipment, forming presses, forging, machining, grinding and finishing equipment, plating, packaging, etc.
I remember seeing the initial press release and thinking there was no way you could manufacture anything with the budget they announced. IIRC it was ~$80-90 million? That doesn't go very far buying high-tech custom manufacturing equipment.
A lot more to this story.
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So, you saying it was more like a big staged event for a guy tax write ? Get the numbers where they're supposed to be