Stock rose to like $ 20.78 Last week. COO says "record driver retention " and "record driver recruitment"........ Really? So what's the scoop?
That's interesting - How the COO links retention and recruitment to increased profit and share price . . . don't know, or is this a projection of profits based share price rise? Or just some PR? What did it rise from?
Swift raises wages and rates. Interesting, very definition of inflation. In a sane world raising wages would allow for improved productivity and asset utilization as well as safety improvement. This would lower operating costs and maintain or lower rates. Then drivers would get real benefit of higher wages and not finding higher costs in everything they purchase. Raising salaries and rates is a circle jerk i.e you get more, you pay more
That is what capitalism is all about, just for the record. And how exactly does paying me more per mile improve productivity and asset utilization as well as safety? It does none of those things as far as I can determine.
If you tilt your head and squint it's easy to see.......I pay more so I get more applicants so I get more drivers so more of my iron is rolling so I'm hauling more freight...... ( productivity and utilization ) more freight=more productivity and more drivers = utilization of assets as iron against the fence has a zero utilization. And safety....if I was paying 35k annual salary and suddenly I pay 75k ( like Walmart ) then the employee is going to value the job more, take better care of the job and be more careful on the job........which is ambiguous. The more iron I have rolling then the higher my risk of accidents from more exposure. JMO
