In what universe does this make sense?
Discussion in 'USA Truck' started by hkh, Apr 20, 2012.
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From what I've been hearing from terminal managers and safety department personal along with my fleet manager is the large lost of money started with the upgrade to the TMW system, add to that David Hartline which sold the board and executives on the whole regional short haul plan. Notice how well that worked out for USA Truck, and also notice that David Hartline is gone.
Other things you can take in consideration for lost of profit:
- Accidents (USA Truck is self-insured up-to 1Mill, which means anything up-to 1Mil gets paid out of the pocket the rest goes to the insurance company)
- DOT Violations (The trucks and trailers maybe owned by USA Truck but you as the driver are personally responsible for them, if its broke get it fixed, if you cant get anywhere call safety and 100% of the time if it is an DOT issue it will be fixed.
I'm not trying to defend USA Truck's management practices, but what I see everyday on the road from my "Coworkers" is stupidity our job is to deliver and pickup on time, safely! Oh...By the way take a shower and wear respectable clothes, customers like that! -
That dern sure needed to be said.............. TAKE A SHOWER!!!!!! Wear CLEAN, respectable clothes, Brush your teeth or the few that you have left in your mouth before the rest fall out, and put on some #### shoes, you are not at the beach!!!!!!!!!!!!!
Fergie Thanks this. -
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But the real point is why is all these big wigs sitting in Van Buran making all this money well us drivers are getting the shaft -
I hate to break it to you but public companies have to follow strict GAAP accounting guidlines when reporting their earnings. They CANNOT just report a loss unless there was really a loss and vice versa. To follow your example if a company projects they will make 200 mil but they only make 190 mil they can then say we "MADE" less than we expected. They can't, legally anyway, say we lost 10 mil. A loss is simple. You spent more than you bought in. To stay in business they had to raid their cash stash or possibly take on more debt. In USA trucks case they carry a rather sizeable debt load for their revenue base that has been in the low 500 mil range for a good while. There are different ways a company like USA can fund their business or keep from going out of business. However, when it comes to reporting earnings they have to follow accounting and reporting regs. None of which includes saying you "LOST" money if you really just came in under what you expected to make.
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be safe
and good luck
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