Big company training and big scams associated with them !!!

cactusjack · Oct 30, 2009

HERE IS THE DEATH RACE TRUCK ( TOP PICTURE )..... IT LOOKS NO WHERE NEAR THE DRAGON TRUCK! ( BOTTOM PICTURE )

cactusjack · Oct 30, 2009

Smithway Motor Xpress Corp (SMXC) is taken private in October 2007. Scudder Law Firm negotiated the transaction and the related $115 million in financing for Western.

New Mountain Lake Acquisition Company successfully completed a cash tender offer to take private U.S. Xpress Enterprises, Inc. at $20.10 per share in an approximately $350 million enterprise value transaction. New Mountain Lake was controlled by the founders of U.S. Xpress. Scudder Law Firm represented New Mountain Lake in the tender offer and related financing and also represents U.S. Xpress in its merger and acquisition and financing matters.
U.S. Xpress Enterprises, Inc. (Nasdaq: XPRSA) closed a 49% equity investment in Arnold Transportation Services, an approximately $200 million revenue company, and placed over $85 million of equity and debt financing to fund the acquisition. Scudder Law Firm represented U.S. Xpress in structuring and negotiating the transaction and financing. Scudder Law Firm also handled U.S. Xpress's acquisition of Total Transportation in April 2005 and advised on the disposition of of its airport-to-airport business to Forward Air in May 2005.
Corporate freight Management, a premier non-asset based logistics company for promotionally intense products, closed a liquidity transaction for its founder. Scudder Law Firm represented the company and the founder in the private placement of preferred stock and partial redemption of its founder.

Swift Transportation Co., Inc. (Nasdaq: SWFT) acquired $145 million revenue Merit Distribution and certain dedicated fleets serving Wal-Mart grocery distribution centers in July 2003. Scudder Law Firm represented Swift in the negotiation, documentation, and closing of the transaction, which included significant payments tied to future distribution center bids.

Perfect Commerce, Inc. (f/k/a eScout LLC) acquired Perfect Commerce and took its name in a stock-for-stock merger. The transaction paired two leading venture capital-backed electronic procurement companies. Scudder Law Firm represented the acquirer.

Heartland Express, Inc. (Nasdaq: HTLD) acquired $70 million revenue Great Coastal Express in May 2002. Scudder Law Firm represented Heartland in the acquisition, including preparing a valuation based on comparable transactions. Scudder Law Firm also handled Heartland's acquisitions of A&M Express in 1997, and Munson Transportation in 1994.

Central Refrigerated Service, Inc. acquired the assets of $200 million revenue Simon Transportation in a Chapter 11 sale. Scudder Law Firm represented Central Refrigerated Service, as stalking horse bidder, in negotiating with the creditors, drafting the acquisition agreements, and obtaining approval of the purchase. Earl Scudder is a Central Refrigerated director.

Swift Transportation Co., Inc. (Nasdaq: SWFT) closed an $600 million stock-for-stock merger/acquisition of M.S. Carriers, Inc. (Nasdaq: MSCA) on June 29, 2001. Scudder Law Firm represented Swift in the merger and stock registration.

Covenant Transport, Inc. (Nasdaq: CVTI) acquired $89.6 million revenue Star Transportation, Inc. in September 2006. Scudder Law Firm represented Covenant in negotiating, documenting, and closing the transaction. Scudder Law Firm has represented Covenant in ten other acquisitions since 1995.

Knight Transportation, Inc. (NYSE: KNX) acquired $30 million revenue Edwards Bros. Inc. in August 2005 and $25 million Roads West Transportation Inc. in October 2006. Scudder Law Firm represented Knight in these transactions.

Central Freight Lines acquired the $225 million revenue Southwest Division of Viking Freight System. Scudder Law Firm represented Central Freight in negotiating the acquisition, arranging financing, capitalizing the acquirer, and preparing management contracts. Scudder Law Firm subsequently represented Central Freight in its acquisitions of four additional trucking companies.

Jerry Moyes completed the purchase of control of the Phoenix Coyotes and Westgate Development via Coyotes Holdings, LLC in January 2003. Scudder Law Firm served as Jerry Moyes' financial and legal counsel, and negotiated the transaction.

WOE Acquisition Inc. completed the purchase of assets of WareOnEarth Communications, Inc. out of bankruptcy in April 2003. Scudder Law Firm served as WOE's acquisition counsel. Earl Scudder is a WareOnEarth director.

SME Steel Contractors, Inc acquired the assets of Lee Fabricating, Inc. out of bankruptcy in May 2002. Scudder Law Firm served as SME Steel's acquisition counsel.
Paragon Leasing completed the sale of its assets to Transport International Pool, Inc., a division of General Electric. Scudder Law Firm served as Paragon's merger and acquisition counsel.

Linweld, Inc., the Midwest's leading manufacturer and distributor of medical, specialty, and industrial gases and welding supplies, was acquired by Matheson Tri-Gas, Inc. in August 2006. Scudder Law Firm represented Linweld's founder and other stockholders in marketing the company for sale and in negotiating and closing the transaction.

Panther II Transportation, Inc., one of the fastest growing expedited companies in North America, acquired a portion of the assets of Con-way Expedite & Brokerage Inc. in July 2006. The acquired assets included the expedite business of Con-Way. Scudder Law Firm represented Panther in negotiating and drafting the acquisition agreement.

The Harker family purchased the private equity portion of Harker's Distribution, Inc. from a Bank of America subsidiary in April 2006. Scudder Law Firm represented the Harker family in the purchase and the additional equity investment in the company, and will serve as outside corporate counsel for the company going forward.

Concentrek Inc. was sold to Uti Worldwide, Inc (Nasdaq: UTIW) by Knight Transportation (NYSE: KNX) and private investors in September 2005. Scudder Law Firm represented Concentrek and its owners in the transaction.

Knight Transportation, Inc. (NYSE: KNX) acquired $30 million revenue Edwards Bros. Inc. in August 2005. Scudder Law Firm represented Knight in the transaction.
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SEE MORE AT>>>> http://www.scudderlaw.com
JUST SOME INTERESTING INFORMATION ON THESE COMPANIES

dazed and confused · Oct 30, 2009

cactus Jack you are so right about cre. But there are a couple of things that you forgot to mention. Orientation pay. Yea right you will get that as soon as you know what freezes over. And the trainees pay, is payed half by the trainer. Sure I want my student that I am paying to ruin my truck that i am paying for.

cactusjack · Oct 30, 2009

Students should be fully aware of truck driving school scams. Some schools offer training programs that are extremely overpriced. Students of these schools will end up going into serious debt just to pay for their training. Students also need to be aware that there are schools which are owned by trucking companies that require the students to load and unload trucks and warehouses, without pay for the company, during time when they are not attending school. This is a form of tuition compensation. Some schools will also misrepresent their business connections with trucking companies, promising the students jobs after their graduation. No school can guarantee all students a job. There are quite a few schools that offer students fast training. Those schools simply don't meet state licensing requirements, and don't adequately qualify students for truck driving jobs.
The cost of tuition is naturally a major concern when selecting a truck driving school. Some schools offer several forms of tuition assistance for students, and there are some that don't. Privately owned schools may or may not meet the requirements for financial aid. Public institutions such as community colleges do meet the requirements for financial aid. They also offer grants and loans to offset tuition costs. Students shouldn't sign contracts that bind them into a financial agreement they don't understand or don't have the means of paying or repaying. There are some trucking companies contracted with truck driving schools that pay for tuition, housing and travel arrangements. Tuition reimbursement is applicable only if the students graduate, are hired by that company and remain with the company for at least a year. If for any unforeseen reason a student doesn't graduate or the newly employed driver doesn't remain with the company, accrued tuition expenses from the school then become the responsibility of the student/driver.
Choosing the best school will mean that you will succeed in passing your CDL and that you start out in your new career as a safe, dependable, and qualified driver..........
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read more at>>>>>http://ezinearticles.com/?Truck-Driving-Schools---Beware-Of-Scams!&id=579119

GasHauler · Oct 30, 2009

___realgonekatt said: ↑

I will be starting with central (new driver) on monday, after which I can give a more informed account. That being said, I have been researching which company to go with for months now and central ref. seems to get mostly good reviews. There will always be a few people p*ssed off at any company but all I can go with is what I have heard over all on this forum and from the few drivers kind enough to give me an honest opinion about their employer.
I also chatted alot with roehl but apparently 2 minor speeding tickets in the last 3 years disqualifies you from their good graces.
I will not have a computer for awhile but, when I return I will give an update as pertaining to my decision. This is a great thread for new drivers to avoid some of the more predatory co.'s out there. CHEERS Cactus Jack!!!!
Ya'll stay safe out there.
___Bryan
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I guess in these times you take what you can get but I don't think your research was that detailed. Have you looked at the SafeStat reports? Central does not have a good record at all but Roehl looks alot better. I understand your resrtictions that you couldn't go there but I'm sure there's alot better companies than central. The drivers are the worse there so consider that when training. Good Luck.

cactusjack · Oct 30, 2009

Lets just pretend for a moment, the trucking industry is perfect, all companies treat their employees wonderfully, all driving schools are reasonably priced and give top notch education, and everyone gets sick time and Holiday pay. ( you will really have to use your imagination, but just do it)
The thought of being free on the open road, not having a boss on your back, seeing new places all the time. AHHH, what a life.
Now, you're out on the road, you're driving to meet an appointment. You've had to really rush to meet your time, but YOU MADE IT. You're all ready to get going again and get some more "real good" miles for the week. But wait, the next load doesn't deliver for 2 days and the destination is only 350 miles away. That's only 175 miles/day.....or about $75.00/day. So you wait and hope your next load is a better one. It is, but the problem is you have to go 600 miles and deliver the next morning. Guess who's not sleeping tonight? Oh, and remember you were suppose to be home this weekend? Well, you're not..............
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see more at>>>>http://www.gather.com/viewArticle.action?articleId=281474977045002

cactusjack · Oct 31, 2009

HAPPY HALLOWEEN YALL!!!!!!!

cactusjack · Oct 31, 2009

big wheels · Nov 12, 2009

cactusjack said: ↑

HERE IS THE DEATH RACE TRUCK ( TOP PICTURE )..... IT LOOKS NO WHERE NEAR THE DRAGON TRUCK! ( BOTTOM PICTURE )

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Yep your right! That not it. It just made me thank about it. I thank the dragon truck looks better. This thang pit fire. Now that be cool! Thanks CJ good infomation you are sharing with us, Keep up the good work.greaty stuff.

Saint Scott · Nov 12, 2009

Your better off looking for another occupation. Today's "world of truck driving" is non-existent. There are no job's for new drivers today.. unless it is a scam. Why even go threw the pain ? They are pushing out the American, and adding the Mexican driver to the diseased, corrupt, illegal, driving process.
"Enjoy your family, stay home, find a pizza delivery job, go to Church, watch your kids grow".... These day's of making money in trucking are dead. It is hard on the "lifer" to turn a buck...let alone the newbie.
Either way, enjoy your day.

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