RIP Watkins Shepard
Discussion in 'LTL and Local Delivery Trucking Forum' started by Hotplate, Aug 3, 2019.
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If SNI takes the trucks running Watkins LTL freight and has them run system TL freight instead revenue stays the same but costs go down.Savor the Flavor and 3031 Thank this. -
Dave_in_AZ and speedyk Thank this.
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Unlike SNI.alds and Midnightrider909 Thank this. -
You buy them both and start scaling up. Then you find out that orchards output is significantly smaller than you thought. It turns out the orchard had a bumper crop the last three years but normal output is 30% less. Also the bakery's receipe calls for the pies to cool overnight so you can't run two shifts like you'd planned on. You make some changes and get your production problems sorted out but then find you have a marketing problem - you struggle to get stores to stock your pies.
After a few years you decide to cut your losses. You sell off the orchard for whatever you can get but convert the pie bakery to cakes as you can use the space.
In this analogy Watkins is the pie bakery and Final Mile is the orchard.Savor the Flavor and jmz Thank this. -
Familiar with the business. Been working for one of Watkins “competitors” for years. There’s up and downs in the market. But Schneider ####ed it up.
Watkins would have been and fine and still around if they either hadn’t sold to Schneider or Schneider hadn’t tried to do so much so fast.bzinger, gentleroger and Dave_in_AZ Thank this. -
Seems like this is why Chris retired........
Opus and gentleroger Thank this. -
91B20H8 Thanks this.
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Schneider made some dumb assumptions in the acquisition, then some more in the execution. At the same time we acquired Watkins et al we were turning down Amazon freight for being less profitable than general freight. There were people in upper management who argued against the move, but lost. -
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