Trucking company Schneider National pursues IPO
Discussion in 'Schneider' started by drvrtech77, Sep 17, 2016.
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PoleCrusher, gentleroger, Waggledaddy and 2 others Thank this.
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Halloween, I clelbrate all occasions.
91B20H8, SingingWolf, gentleroger and 3 others Thank this. -
So what do y'all think the ramifications will be for company drivers? Or is it likely that there won't be much change on that side of things?
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Waggledaddy, Opus, 48Packard and 2 others Thank this.
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My guess for company drivers the biggest change could be loss of bonuses or make it even more difficult to attain said bonuses. Maybe reduce or eliminate 401k match. Maybe a change in other benefits. Maybe lose Vacation.
However I don't believe it can get much worse for company drivers as is.Waggledaddy and SingingWolf Thank this. -
....harder.....to.....achieve......bonuses......Isn't it already set so that darn near the only way you can get your bonus and not be dq'd for mileage is to hope you only get light loads for the entire quarter and hope that a glitch occurs in the QC so it starts listing closer to exact ACTUAL miles? lol At least this is the way it appears on the surface reading through the forums
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The surface is wrong. OOR used to be a part of the bonus but no longer is. I'm usully 15% percentage points above the threshold.
For company drivers it won't be overt changes. Rather all OCs will begin to look more like Obetz with shops like Charlotte. Going home for 3 days? Clean out the truck because it will be used as a loaner or reassigned. Think getting someone on the phone is hard now? Wait until your dbl has 60 drivers.
A public company has a hard time taking the long view and is incentivized to make quarterly reports look good. Post a second quarter loss to double annual profits and you're crusified. Tell the truth about skinning your knee and the investors may force you to amputate.Waggledaddy, 91B20H8, redoctober83 and 3 others Thank this. -
If these things are to pass, then it shall become the time to move on... perhaps to a 100% employee owned co.redoctober83 and Home_on_wheels Thank this. -
This whole IPO thing is kind of silly. Am I to believe that somehow offering shares to be publically traded makes them that more concerned about their bottom line and profits when compared to being a privately held corporation? Is there any reason why a private company cares less about making money than a public one? Seems like a big conspiracy.
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A private company tends to take a longer view. The owners are free to pursue the company's best interest without answering to share holders.Waggledaddy, redoctober83 and gentleroger Thank this.
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