I'm not necessarily assuming that. What difference does it make if the company creates new stock or sells some stock they have been hoarding? Either way the stock in circulation goes up, so the price tends to go down.
Selling stock or borrowing may generate cash balances, but that isn't profit, it doesn't go on the P&L, and it doesn't offset losses. Though I'll concede it may keep the lights on as long as investors are willing to keep doubling down. That was pretty much the story with Amazon.
Uber freight is terrible!!! Beware
Discussion in 'Freight Broker Forum' started by 3M Transit, May 23, 2018.
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I wish I would have read this before I picked up this load. The rate confirmation as well as the loadboard said the load was 42000 when I get to the scale my truck scales at 81000. I called uber but no help, they said someone would call me back but they never did. Uber freight knew this load weighed more than 42000lbs but put this on the board to deceive the carrier into picking it up. Its ok because not one piece of uber freight will ever find its way on the back of my trailer again. I pulled this load to keep my company name good. Drivers if you see a load leaving Marshall TX and Uber freight has it listed for 42000 beware!!!!!! Shame on you Uber Freight.
magoo68 Thanks this. -
TallJoe Thanks this.
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Things like that do happen and that's why you need a CAT scale ticket to show the shipper to cut the weight.
You must be new at this business thinking that
You fell victim to some Uber's deception.
What was the weight on the BOL?Last edited: Oct 15, 2020
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Weight may not include the pallets the product was on or even the boxes the product is in.
Weight may have just been an estimate and not the actual load weight.
Plus, it's not really uber, they can only post what is reported to them.
More often than not, I've had the opposite happen.
Load from LG, reported as 30k lb. Nah, was under 5k. Load of air fryers from Reno NV, reported as 16k, nah, I doubt it was over 10k. -
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That was unfortunate for you but alk in all you can find good reliable loads on Uber. Only thing is the communication. Problem solving needs to go up 1000. But usually their uneventful.
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The lack of communication is an understatement. I take Uber loads on two conditions:
1. The delivery details are verifiable by the consignee.
2. The delivery is scheduled no later than Thursday, unless It is a backhaul load that delivers close home.
The reason is the lack of communication which sometimes may take more than a day to resolve.
I hate to sit and idle in a place other than home waiting for a resolution.SteveScott Thanks this.
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