And how many of those companies are still around? YRC is only around via government bailout. Maverick is still a bottom-feeder. WSE was absorbed by MCT. Arnold was absorbed by USX.
There's a reason those companies were looking at pay cuts, and its because they were in trouble. Most of the industry weathered the storm without screwing their employees.
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Discussion in 'Report A BAD Trucking Company Here' started by free spirited1, May 15, 2022.
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I’m surprised no one has mentioned this but part of the reason some of these companies are in dire straits is the fact that they OVEREXPANDED! In acquiring/merging with other companies they’re also taking on a s***load of DEBT,which hurts their bottom line(which these companies should know better),as well as their credit line.
When it comes to companies bigger isn’t always better!kuzima93, free spirited1 and Lonesome Thank this. -
when the Company sells the corporate jet and stops renting all the fancy furnished condos for the folks on the executive hallway , and cuts every executives pay by 25% and eliminates any bonuses for them , I might tend to believe they have financial problems . Until that happens I assume every company is another Enron , cooking the books to get raises and bonuses . -
The fedgov says it’s 8% but we all know that’s a lie , two ways to prove it .
First of all : A politician in DC said it , so you know it’s total bull manure .
secondly: have YOU seen any prices increase by JUST 8% ?
the last time inflation was this high was during Carter America , hmm another president from the same party , I’m sure that’s just a coincidence , anyway , the fedgov cooks the books on inflation , during the Carter years they included fuel and food in their calculations .at the present time , the liars in DC do not include food and fuel , you know , the two things you have to have everyday to live .
Why would the fedgov include the two most essential item category’s in their calculations ? Unless leaving them out makes a certain political party look better because they can claim 8% inflation instead of 38% inflation .
Fuel has doubled since the current geezer took office a 100% increase
Lumber price have tripled . A 300% increase
Food has almost doubled , a 100% increase .
Yet the scumbags in DC claim 8% ?
and every news outlet doesn’t challenge that lie ? -
And we don't know where this ends. It's a big mess.
Look at housing prices. People need shelter.
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