Another company closes their doors (enemy, dollar, economy, carry)
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You don't know anything about the trucking industry. This is nothing in the big picture. Trucking companies this size fail all the time. It doesn't even raise an eyebrow.
Anyone that knows anything about the trucking industry already knows that trucking companies fail at an astounding rate. Good drivers will have zero problems find a new job.
If you do your homework, you can find dozens of small trucking companies like this one that closed during Republican administrations. It's the nature of the industry. The small ones get chewed up by the big ones all the time.
Yup. Another common thing that will put a trucking company under is contracting to haul for one large company. If that company gets in trouble, and dumps the trucking company, or goes bank-o and leaves the trucking outfit unpaid, it's history.
This happened all the time during the housing bubble, especially in the states where the most new homes were built. Trucking companies were contracted to haul construction materials on a drop-shipped basis, and sometimes contractors would literally take the money and run, leaving the trucking company with a fleet still full of cargo.
Trucking has been a hard business for a long time now.
Yup. Another common thing that will put a trucking company under is contracting to haul for one large company. If that company gets in trouble, and dumps the trucking company, or goes bank-o and leaves the trucking outfit unpaid, it's history.
This happened all the time during the housing bubble, especially in the states where the most new homes were built. Trucking companies were contracted to haul construction materials on a drop-shipped basis, and sometimes contractors would literally take the money and run, leaving the trucking company with a fleet still full of cargo.
Trucking has been a hard business for a long time now.
Yep. A company with 100 employees only gets the scraps. They were probably hauling a lot of broker freight, and you can only survive for so long on that stuff before your costs catch up with you. Lots of deadhead, maintenance costs, trying to chase down shippers for fuel surcharges, etc...the industry isn't designed for small carriers like that. The big boys will chew your ass up.
You're right about the housing bubble. Tons of trucking companies sprouted up during the building boom out here. Especially dry wall and rock haulers. Lotta cement haulers too. Nearly all are dead. They made so much money at the time that they didn't even schedule backhauls. Didn't need to....kinda like the carpet haulers back in the day.
LMAO....the OP is making a thread about a 100 person trucking company. It's obvious that he has no clue.
Besides, like i said earlier, there are plenty of trucking jobs. There are a thousand jobs for those drivers if they have clean MVR's and can pass a dope test. They'll be fine.
While obama is flitting around the country, in full campaign mode.
Please outline what he should be doing instead and how what he is doing is any different from what W did. Also, where's your blame on those who actually caused the financial collapse.
It's hard to be a right wing partisan and own up to the right's culpability in the financial collapse. It must be odd to just make up your 'opinion' based solely on emotion.
A company of 100 people closed. Why is this really news on a national level?
I am sure a trucking company feels the pinch at the pump in a big way. Shelling out all of that extra money for fuel adds to their bottom line which adds to everyone's bottom line. The difference? Obama has no desire to lower the cost of fuel or to get us off foreign oil dependency. Green energy for him yet there really is no viable solution at this point.
Think of how much revenue the government could generate by utilizing the off-shore leases that stand idle. Think about how much more oil we could have if we removed the regulations on off-shore drilling. Think about the BP disaster and how difficult that was to fix due to it being so deep.
The ironic part is that this administration thinks they are for the future when in fact that are very short-sighted. Their policies are hurting the little guy.
While obama is flitting around the country, in full campaign mode.
From the link
Quote:
The current company president, who did not give his name, said the bank had called in its note after the company failed to make timely payments.
So if a homeowner or student can't make their payments, you blame them and call them leeches, if a busines does the same, it's Obama's fault. Nice logic you have there.
So if a homeowner or student can't make their payments, you blame them and call them leeches, if a busines does the same, it's Obama's fault. Nice logic you have there.
Oh come on, let them have their desperate grasping at straws. It comforts them to deny reality. After all, when the sun goes down, it gets colder, which increases the cost of heating the house.... clearly Obama's policies are at fault.
I am sure a trucking company feels the pinch at the pump in a big way. Shelling out all of that extra money for fuel adds to their bottom line which adds to everyone's bottom line. The difference? Obama has no desire to lower the cost of fuel or to get us off foreign oil dependency. Green energy for him yet there really is no viable solution at this point.
Think of how much revenue the government could generate by utilizing the off-shore leases that stand idle. Think about how much more oil we could have if we removed the regulations on off-shore drilling. Think about the BP disaster and how difficult that was to fix due to it being so deep.
The ironic part is that this administration thinks they are for the future when in fact that are very short-sighted. Their policies are hurting the little guy.
Typical. You know NOTHING about the trucking business. Their failing probably had nothing to do with fuel. Most trucking companies have their fuel costs in line.
If you wanna bring up the fuel topic, then bring up the fact that large carriers have a huge advantage over small carriers because they buy more fuel in bulk for their terminals, and get better discounts from the fuel wholesalers at the pump. Far better than small companies.
But off shore drilling has nothing to do with this situation.
Typical. You know NOTHING about the trucking business. Their failing probably had nothing to do with fuel. Most trucking companies have their fuel costs in line.
If you wanna bring up the fuel topic, then bring up the fact that large carriers have a huge advantage over small carriers because they buy more fuel in bulk for their terminals, and get better discounts from the fuel wholesalers at the pump. Far better than small companies.
But off shore drilling has nothing to do with this situation.
So you admit you do not know what caused their failure? While I do not work for a trucking company, I do work directly in the fuel business and understand the HUGE impact that the price of fuel has on the bottom line.
You don't know anything about the trucking industry. This is nothing in the big picture. Trucking companies this size fail all the time. It doesn't even raise an eyebrow.
What the hell are you talking about? I didnt even make any comments about why its failing, I simply linked to the story
Quote:
Originally Posted by desertdetroiter
Anyone that knows anything about the trucking industry already knows that trucking companies fail at an astounding rate. Good drivers will have zero problems find a new job.
What is this astounding rate then desert? I own quite a bit of shares of YRCW, and despite it being virtually "bankrupt", it hasnt failed, why this company desert since you seem to know so much?
Quote:
Originally Posted by desertdetroiter
If you do your homework, you can find dozens of small trucking companies like this one that closed during Republican administrations. It's the nature of the industry. The small ones get chewed up by the big ones all the time.
Actually even the big ones are failing, again check out YRCW (currently YRCWD). Nothing got gobbled and chewed up.. Try again
Yep. A company with 100 employees only gets the scraps. They were probably hauling a lot of broker freight, and you can only survive for so long on that stuff before your costs catch up with you. Lots of deadhead, maintenance costs, trying to chase down shippers for fuel surcharges, etc...the industry isn't designed for small carriers like that. The big boys will chew your ass up.
You're right about the housing bubble. Tons of trucking companies sprouted up during the building boom out here. Especially dry wall and rock haulers. Lotta cement haulers too. Nearly all are dead. They made so much money at the time that they didn't even schedule backhauls. Didn't need to....kinda like the carpet haulers back in the day.
LMAO....the OP is making a thread about a 100 person trucking company. It's obvious that he has no clue.
Besides, like i said earlier, there are plenty of trucking jobs. There are a thousand jobs for those drivers if they have clean MVR's and can pass a dope test. They'll be fine.
Clearly the news company thought it was a worthy event, along with opponent trucking companies, but here we have, desert saying its no big deal.
And your evidence of this.. nothing.. absolutely positively nothing while ignoring that even the "big boys" are being chewed up by the economy as well. YRCW has fallen from $1500 a share to $.03..
Try again!!
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