Werner vs Swift

Maybe all of swift's trucks in the body shop. Lol

 

Usually $40mil judgments are bad

 

Doesn't seem like any of those three been updating equipment as much as they used to.

 

I had 2 articles pop up on my news feed today.

1st one was about a big need for drivers. Freight is up, trucks are in demand.

The 2nd was about a major trucking company closing a warehouse and laying off workers.


And to hell with Swift. I hope they go belly up.

 

Companies closing doors and laying off workers. I'm sure that is poor management. You can guess the reasons. Bad contracts not paying enough. etc.

These Mega's do a good job of using people. They make a ton off new drivers. All they put into training and all, pays back big time.

You do realize. Number one supporting the FMCSA is Knight/Swift. It exists to take the responsibility off of the companies. Put it all on the drivers. I was told this by DOT. DOT don't like it one bit.

 

Knight swift and cr england is all owned by the same family. I think knight buying swift was a cousin helping a family freind out or something like that.??? Who knows.... Im sure if knight starts to fail , cr england will buy both of them and then we will have cr knight swift england... They will have to make trucks with 6 bunks in it just to keep up with demand from all the students they train

 

I haven't looked deeply, but 3rd quarter 2019 is down from 3rd quarter 2018. 2nd quarter was up barely, while 1st quarter was up nicely.

A quick look at the data over the last 3 quarters shows revenue per truck dropping, significantly.

2018 was their highest 3rd quarter, and 2019 is down 4%, year over year down 2%.

If I were Wener I wouldn't be popping champange corks any time soon.

 

Depends on the company. Some are doing well.