Trucking Industry News

[NightShade]

There are a lot of companies that claim to keep losing money, they are the same ones who put incompetent people into positions. My father constantly complained about the management where he was driving, basically they had no clue what was going on and over the years he was there every three or four years everyone would be fired and a new group put in place on the management side of it all. The same company asked everyone to take pay cuts when the economy went down and they did to a point. The company then went out and built a new headquarters. It sucks that this happens and it's worse on the drivers and other regular guys but the management at too many places just plain sucks.

 

[Aries]

Management wants to pay employees just enough to keep them from quitting, but no more.
Employees want to do just enough work to keep from getting fired, but no more.

It's the American Way.

 

[dennishoddy]

So I was just at a transportation conference in early October. I was told the number of loads that don't get ran per day in the US is ~35K due to driver shortages.

Exactly. If you listen to Serius XM radio a lot like I do, there are constant ads looking for truck drivers nationwide.

 

[SlugSlinger]

Or maybe the fact that two executives embezzled $60 million

This started over 3 years ago. Talk about a poorly ran company.


Sounds exactly like the WorldCom days With the fraud happening at that time.

Two former top executives at Indianapolis-based trucking and transportation company Celadon Group Inc. have been indicted for their roles in an alleged fraud scheme that federal prosecutors say cost the publicly traded company's shareholders more than $60 million.

Former Chief Operating Officer William Eric Meek, 39, and Chief Financial Officer Bobby Lee Peavler, 40, were arrested Thursday morning on nine counts each that include conspiracy to commit wire and securities fraud and conspiracy to make false statements to the company's accountants and falsify records. Peavler also is charged with two additional counts of making false statements to the company's accountants.

Josh Minkler, U.S. Attorney for the Southern District of Indiana, said Meek and Peavler each face decades in prison in the case investigated by the FBI, Department of Justice, U.S. Postal Inspection Service and the Securities and Exchange Commission.

 

[Cowcatcher]

So I was just at a transportation conference in early October. I was told the number of loads that don't get ran per day in the US is ~35K due to driver shortages.

Yep! I know a fella or two that own a few trucks and they say not being able to find reliable drivers is their number one problem.

 

[John6185]

I can tell you this, if the trucks don't run the shelves at the grocery store are soon bare. I found this out a couple of years ago when we had an ice storm that lasted a few days.

 

[donner]

Maybe Obammy will bail them out.
Oh yeah, I forgot.

maybe they can claim to be soy farmers. I heard we're giving those folks loads of cash

 

[O4L]

I had no idea that there is a trucking recession. There always seems to be plenty of truck driving jobs available.

 

[Dumpstick]

I was listening to "a guy on the radio" (I know....), He was saying that turnover in the OTR (over the road) segment was almost 90% in a year.

Unreal. That means the guy in the Class 8 next to you is thinking more about quitting his job, than he is about anything else.

 

[Rollpin]

What does the average trucker make a year?