In what universe does this make sense?

Thanks now I know why the boss is always saying we're losing money !!!

 

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!!!!!!!!!!!!!

 

When I left USA Truck last August David Hartline had just took over operations. The new q-com system had been in the works for months before he arrived. Cliff Beckham had been blowing off about that (spiderweb) crap off and on going all the way back to my USA Truck orientation in November 2010, and that regional crap had been in the works for months before Mr Hartline arrived! If David Hartline sold the board on this crap he did it as a non employee before he took over operations. I'm going to say this one more time! The main problem at USA Truck is Cliff Beckham, till the board wakes up and sends him packing things are NOT going to get better. If some of you want to live in a fairy tale keep on believing otherwise. However there are several drivers that still post in these forums that know better.

 

Ok Eicch thats all well and fine as to DOT Violations easier said than done how many times u go get a trailer and it needs something almost everytime! What happen to the 1000 new trailers USA Truck Bought! Let me tell u where they are they were sold and the money was spent to fix the piece of crap trailers we are seeing on the road today 53000's and even seen a 52000 what the ###### ! Do u even think any of the big shots sitting in there big offices getting a 6figure pay cjeck even care about you me as a driver? Hell no they do not alls they care is that the freight gets there the FMs do as they are told! I think this should be looked at clean house get rid of dead weight fix our stuff up our pay stop nit picking give us time to do our job better benifits and oh start meaning things they say or promise! My almost 2 years with USA Truck i have seen many come and go with so many changes and nothing getting done! Look at all the accidents everyday because of improper training just stupid stuff because the driver was not thinking just something as simple as that could save USA alot of money! Why wait till that driver has 2 more accidents get rid of them right off the bat! I say there is alot more to just the head people here i think the whole place needs to be cleaned out and start over again!

 

Not being a USA Truck driver anymore I am not in a position to comment about the trailers other then this general comment. I have a serious doubt USA Truck had title to them anyway. If they were removed from the fleet it is my opinion it was because USA Truck could no longer service the debt created by them, and they pawned off the debt. You can't lose millions of dollars (6% of the net worth of the company) and have this kind of available capitol. Also between the lawsuits the company has lost and the payouts arising from the many wrecks the drivers are having there is simply not much wiggle room left. We will see how this all turns out. I spoke to someone a while back that swears USA Truck is deliberately doing this just so they can get most of this legal liability off of them through bankruptcy!

 

Exrayman4000, What u said kind of makes sense with lawsuits and payouts if u all remember the accident that happened in 2010 in dec with the driver that killed the man in CO well i do not think this has even touched the surface yet i have a feeling that it is gonna cost usa truck millions of dollars for what that driver did!
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.

 

be safe
and good luck