Snackbar is chillin'....at Shaffer

Heard a rumor..from a former Crete driver ?...who still talks to some people at Lincoln ? ...now that's a reliable source

 

Just read their financials, they will end the 1st quarter of this year with the highest net revenue in their history. $247 million, and that’s with fuel being what it is. I bet the board of directors is sitting on a boatload of cash. Too bad they can’t pass some of it down to us peons while they’re contemplating the next acquisition.

 

Let us know how the Haz Mat test goes. I failed the first try four years ago. Had to come back the next day and aced it. I read that study guide till I was sick of it and then read it again. Seems like a good majority of the questions were common sense but a few came directly from the book. I was re-adding my endorsement after a number of years without it. That theory test for non renewal Haz Mat endorsees is definitely new in Texas.

 

Got a better one. Back in the early 80’s, when deregulation came about, I remember listening to a couple of old timers, sort of like me now, talking about if deregulation was to happen, one day they’ll only be a few major trucking companies left that will control the whole freight business. It looks like they were right.

 

It's federal so all states require it now. Glad I was able to do it online since when the regulation first hit thr only places available it seemed was at brick an morter training centers.

A lot of the questions were just trick questions or simply reworded slightly.

Like the railroad crossing question.

2 questions asked the same thing but the answers were changed.

One answer is 15ft to 50ft and the other answer can be Up to 50ft.

Then questions about parking on the side of the road or if hauling explosives how far must you park from public buildings, bridges, and tunnels ext.

Some questions about how many columns on the hazardous materials chart or even asking what's displayed in certain columns.

Then even questions which test your knowledge of category 1 hazards like poison for example.

Would say you have 500 lbs of <random chemical that's a poision> and 2000 lbs of another class of hazmat and ask what placards do you need.

The ones I got wrong on the different simulations were the more in depth questions. Once deliver my load Sunday, I'll be spending a good portion just studying up as best I can.

 

done the ELDT a bit ago myself, $150. My next move is coming and it requires the endorsement but you aren’t required to haul HM.

 

My 1 year on the Shaffer side is almost here so probably will wait till then before making a switch.

 

How many generations are we talking about?

SCorps can have a maximum of 100 shareholders. So say Acklie and Ostergard founded the company as 50/50 partners. Each has 3 children, who each get an equal share. Each of them also has 3 kids, etc. By the 4th generation you start running up against the shareholder limit. And that's starting with just 2 founders. I know you said it's entirely family owned, but I doubt that's true. Family controlled, yes, but there are almost certainly other stakeholders.

Look at Schneider. Started by Al, built by Don. Don's go to strategy was "growth through acquisition". Some of those who were acquired got a piece of Schneider. So did a few of Don's cheif lieutenants. Rough math about 20-30% of the company was owned by people outside the family. It's one of the big reasons Schneider went public - the "outsiders" needed to be able to transfer their stakes to their heirs and there were limited options that still allowed the family to retain control. It's hard to stay debt free when you have to buy back portions of your company.

My uncle runs a small cnc plant with a partner. When my uncle dies, his half of the business will go to his eldest son, provided the business is less than 1/4 of the estate. If it's more, Mike will have to buy the rest from his siblings. It will get messy in a hurry.

TLDR - just because a company is debt free and family owned doesn't mean it won't get sold.

 

Was there last night that espresso machine is good #### insulated travel mug drivers drain the brewed coffee dispensers in one shot...they got jarritos in many flavors there at bosselman some goodies in there stay safe at least Def isn't down...yet... few hogan drivers had a fender bender taking a right at the traffic light to 80 right out the truckstop like u said ice skating rink in the morning today...