Just got the news. Coupla cents bump for first year drivers. I got 2.5 cent raise. Back to the weeds now.
Swift stock is crashing, blames it on them losing drivers and driver shortage
Discussion in 'Swift' started by freightwipper, Aug 3, 2014.
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Last edited: Aug 3, 2014
Victor_V Thanks this. -
JohnBoy Thanks this.
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Good on you Miss patty. I've actually laughed over the phone to employers for the ridiculous low wages. With 30 yrs and a clean record I demand a fair living wage. Or find some yahoo willing to work for a miniscule wage.
WalterSobchak and JohnBoy Thank this. -
Famous stock crashes
Enron:
WorldCom:
Lehman Bros:
and of course, the biggest stock crash of them all, SWIFT Transportation:
Victor_V Thanks this. -
So much for Swift making up to 1 billion dollars in profit quarterly through intermodal in the next 5 years. JB Hunt stock at the time of me typing this is $76.24 where Swift is $20.47. Biggest trucking company or not they are definitely not doing very well.
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They just bought out central refrigerated too. Taking on too much at once.
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As long as people are willing to accept low wages, that's what they will get.
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If you take $5/day for each seat for sign on bonuses, whaddya get??
$5/day x 18,000 ($90,000/day) to lure drivers in to the 'new-improved' Swift pay program.
That's $630,000 week to spend on orientation/sign-on bonuses.
Where would you go with your $$ if you were Swift??
Knowing that a $5/day raise won't cause most ANY driver to stay rather than leave...
And look how fast you go into the hole raising driver pay just $5/day.
$630,000/week out the door, each $5/day increment!!
Glad it's Swift's problem and not mine.
//On way to Prairie du Chien. Stopped I-74 westbound Farmland Rest Area. First $1.25/bag Doritos did not drop. Second $1.25, only got the first $1.25 bag to drop. As I laughed and put in another $1.25, crowd gathered. Nope, NEITHER bag dropped.
Big guy stepped up and gave the machine a good jiggle for me.
Got 'em all after all!! :0)Last edited: Aug 3, 2014
dog-c Thanks this. -
The BIGGER THEY ARE the HARDER THEY FALL
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