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If Gordon pays detention after 1 hour... will your company follow?

Discussion in 'Experienced Truckers' Advice' started by Victor_V, Oct 27, 2014.

Page 3 of 4
  1. Oct 28, 2014 #21
    dogtrucker

    dogtrucker Road Train Member

    1,102
    1,140
    Sep 10, 2012
    my truck
    0
    I suppose it's working or they wouldn't be doing it. While I'm less motivated to push, it doesn't make a lot of difference. They give me an assignment and I do it. I try to be reasonably efficient with my hours 'cause that's my obligation. They don't work me very hard so, I owe them a good effort. When you like your job, you try to keep it.
     
    dogtrucker, Oct 28, 2014
    dogtrucker, Oct 28, 2014
    #21
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  3. Oct 28, 2014 #22
    dgman

    dgman Light Load Member

    182
    159
    Mar 8, 2011
    Philadelphia, PA
    0
    I get detentiion after 30 min on non driver assist loads. Love that.
     
    dgman, Oct 28, 2014
    dgman, Oct 28, 2014
    #22
  4. Oct 28, 2014 #23
    striker

    striker Road Train Member

    6,023
    6,439
    Aug 8, 2009
    Denver, Co
    0
    I'm paid a split of hourly and percentage, if the company is honest, a driver will make more on percentage than hourly or per mile.
     
    striker, Oct 28, 2014
    striker, Oct 28, 2014
    #23
    Victor_V Thanks this.
  5. Oct 30, 2014 #24
    Victor_V

    Victor_V Road Train Member

    2,797
    1,494
    Dec 15, 2008
    Spencer, Indiana
    0
    Interesting (to me) to compare the stock prices of Swift (SWFT) and Heartland/Gordon (HTLD). The larger carrier SWFT has a great deal of debt and the smaller carrier HTLD will soon have no debt again.

    Both announced pay increases. Swift announced first and started a small pay increase war. US Xpress and Con-way followed, among others.

    Swift has shown a long, impressive, steady rise in stock price. Heartland has risen dramatically with few pull backs since the acquisition of Gordon until a couple weeks ago when it announced this pay package including detention after 1 hour.

    It wasn't the pay increase/detention that tripped HTLD briefly.

    HTLD missed guidance and the stock took a tumble from over $25/share down to $24/share. Has climbed back up, was $25.25 or so yesterday close.

    Market's up today and SWFT's up, HTLD's down, their stock prices about match during day trading. We'll see where they close. Right now SWFT's $24.60 and HTLD's $25.04 (had been below $25 for a while today).

    Close: SWFT $24.62; HTLD $25.03.
     
    Last edited: Oct 30, 2014
    Victor_V, Oct 30, 2014
    Victor_V, Oct 30, 2014
    #24
  7. Oct 30, 2014 #25
    rank

    rank Road Train Member

    9,919
    113,508
    Feb 11, 2010
    50 miles north of Rochester, NY
    0
    We've been paying waiting time for a long time.....from minute one not after 1 hr. So long as the driver keeps up his end.
     
    rank, Oct 30, 2014
    rank, Oct 30, 2014
    #25
  8. Nov 12, 2014 #26
    Victor_V

    Victor_V Road Train Member

    2,797
    1,494
    Dec 15, 2008
    Spencer, Indiana
    0
    We've just crossing the one year anniversary of Heartland's acquisition of Gordon Trucking. Stock closed $25.46, up over $10/share since then.
     
    Victor_V, Nov 12, 2014
    Victor_V, Nov 12, 2014
    #26
  9. Nov 12, 2014 #27
    rearview

    rearview Medium Load Member

    325
    9,532
    Nov 8, 2014
    Tenakee Springs
    0
    Paying salary over mileage might be a better incentive to drivers. It would also put pressure on the office managers and dispatch to increase their productivity. The people who object to salary or hourly because it might make people lazy miss a point. That is, the entire employment spectrum has people who game the system and work less.

    Percentage is a beautiful thing when it is done right. Problem is some companies do a little discounting before they compute percentage. People make some good money on percentage and others get screwed over by gypos on percentage.

    I get mileage over .40, stop pay on every stop, and hourly rate equal to mileage pay after the first hour. There is money out there. It is all about what is negotiated with the customer.

    Personally I think the brokers are taking to much of the pie for the work they do. Do I blame them? It is all about the money.
     
    rearview, Nov 12, 2014
    rearview, Nov 12, 2014
    #27
  10. Nov 12, 2014 #28
    Ridgeline

    Ridgeline Road Train Member

    22,647
    120,811
    Dec 18, 2011
    Michigan
    0
    I'm curious why do you bring up the stock prices when they have no bearing on their management policies other than when it openly adds or removes value to the company. Their operating revenue has nothing to do with stock prices.
     
    Ridgeline, Nov 12, 2014
    Ridgeline, Nov 12, 2014
    #28
  11. Nov 12, 2014 #29
    windsmith

    windsmith Road Train Member

    7,296
    6,032
    Sep 2, 2011
    NEPA
    0
    My company pays detention ($15/hour) beginning 30 minutes after the scheduled appointment time, plus $15 for bumping the dock. Detention is also paid beginning 30 minutes after arrival at FCFS shippers/receivers.
     
    windsmith, Nov 12, 2014
    windsmith, Nov 12, 2014
    #29
    Victor_V Thanks this.
  12. Nov 12, 2014 #30
    Victor_V

    Victor_V Road Train Member

    2,797
    1,494
    Dec 15, 2008
    Spencer, Indiana
    0
    Many facets to a company. Have become interested in HTLD (Heartland/GTI), CNW (Con-way) and SWFT (Swift). No reason to limit what I follow, even if only casually.

    Usually CNW issues conference call after each quarter, but has not this quarter Q3 where it announced Quezada v Con-way settlement. Have been looking forward to the call, the inevitable questions, apparently dodged. HTLD has issued only one conference call since I've been observing, after acquisition of GTI. None expected and none provided Q3. Swift's took place 10/24 and haven't read the transcript yet. Hoping for CNW's for comparison.

    Conference calls and 10-Q's contain lots of goodies. Managements pay a LOT of attention to stock price and top tier hold tremendous amounts of stock, like Mike Gerdin, the Gordons.

    And it's the one time, conference calls and 10-Q's when they hafta be honest--or else. Con-way would have had to answer Q's about Quezada and terminals that voted union. Maybe they'll still have a conference call yet. Dunno. Doesn't seem Con-way wants to.
     
    Victor_V, Nov 12, 2014
    Victor_V, Nov 12, 2014
    #30
    Big Don Thanks this.
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