Not No To Jb Hunt, Hell No!!!

Actually your right and wrong at the same time. Stocks can go up with a company that is losing money. Also a stock can go down while gaining profits. The facts of a company gaining momemtum is what usually makes a stock go up. I quoted Pier One because of the fact that Pier One almost went belly up when the market crashed. JB did not. JB is just holding ground. They are not gaining momemtum. They are basically just keeping the customers they have. They are not losing customers (it doesn't seem) On the other hand they are not breaking records by gaining customers. I am not compairing apples to oranges in the sense that Pier One and JB both have stock and both are corporations in business to make money. All you have to do is look and compare the stocks to see the obvious difference in the companies.

I invested $6000 on EGHT # 1.38 a share. I just sold it about a week ago at $3.40 a share......Tell me how much money I made. Yes I am sticking to trucking....but I will also stick to stocks...as long as I'm able to make 130% profits.

 

You sound like a spin-less yes man

 

Hey Dave, In case you haven't noticed this is a trucking message board not an investing or stock picking website.

If you follow the teachings of any sound investors you would realize that there are many good companies whose stock is not a good investment. Stock prices fluctuate largely due to institutional buying by the the likes of Vanguard, T. Rowe Price, Fidelity and others. It also is affected by hype often perpetuated by analysts, talking heads and investor media.

Most visitors of this site are primarily concerned with trucking companies as a perspective employer not as a core holding in their investment portfolio. The interest in whether or not a company is profitable is born out of a desire to work somewhere that will sustain economic downturns and be around for the long haul (no pun intended).

There is no debate whether or not JBH is profitable. They are the 800lb gorilla in both dedicated service as well as intermodal. In intermodal alone we moved over 1 million containers and did over a billion in revenue so far in 2010. No one else even comes close. While I believe JB Hunt is doing a lot of things right, offers competitive pay and benefits I currently do not own a single share of their stock. I actually may reconsider them as a small part of my 401k but as of now they are not.

If you want to debate the wisdom or lack thereof in owning JBHT or any other stock investment I suggest you take your discussion elsewhere as that is not an intended purpose of this thread.

 

whooo hoo someone had pissy cheerios this morning. The thread actually was titled No No to Jb Hunt, Hell No. That's enough said really. Actually JB is the worst of corporate trucking companies in my opinion. They advertise with headhunters and won't disclose their names in the ads. Why...? Because they have such a bad reputation they know they won't be able to get as many calls if they put their name on a job listing. Sucks they have to be the way they are. They don't have to be but they want it to be like that. They will always be a major player I understand that but they will never be a quality trucking company because of the way they want to screw over and manipulate the drivers. All in the name of profits.

As for stocks I don't invest with a 401 K and allow some institution to profit off of my money. I invest with Sogotrade. It's a self maintained account. I buy and I sell. And actually stock prices are not TOTALLY controlled by the media and institutional buying. If you know how to read a stock chart you will see that all the hype is built in to the chart. It's Dow Jones Theory. Then again I'm sure a lot of people here are not educated in Dow Jones Theory. Some are and the one's that are will understand that JB is riding the wave when it comes to their stock. Look at the stock price of any stock around Sept 08. (Before the stock market crash) Then look at the price of the same stock today. You will see that most are just inching their way back to where it was back in Sept '08. This is not a strong showing of profits. It's just showing the resiliency of the company. JB is a strong company....No doubt. It's is by far not a good company to work for. Unless your a pencil pusher. Then it could be a good place to work. But i doubt that is even true.

 

Hey Dave how do you personally know JB is so bad? How long have you worked for them? Or are you among the masses who make your conclusions based upon hearsay? I've found that most drivers that badmouth their former employers were victims of their own actions and were fired or disciplined because of their own unsafe practices or less than ethical behaviors.

I realize that JB gets a bad rap from those on this board and among many has a perceived bad reputation. It is because of this perceived bad rep that I was extremely reluctant to accept a driving position from them.

What I was being offered at the time was far and away better than anyone else was offering and the offer seemed too good to be true. But with my guard up I took a position in DCS. I started at 38 cents a mile at a time no one else was offering me more than 34. I was offered 3 days off after 11 days out at a time when most companies offered 1 day off for every 7 out. I was told I didn't have to park my truck at a terminal and find a ride home for my off-time. Instead I was told I was allowed to drive the truck to my home for my time off. On top of that they told me they would pay me actual hub miles from my last stop to my home and then upon returning to work pay me hub miles from my home to my first stop out of the house. Guess what? It turned out to be all true. I drove a late model condo with sunroof, airline style cabinets, pull out desk and a bunk heater. Most equipment was very well maintained. I got properly reimbursed for all scale tickets and tolls. If my truck had to go in the shop I got a shuttle to an upscale hotel which they paid for. My insurance benefits run me $11 per week. I get 50% company match on my first 6% of contributions into my 401k. I currently get 22 paid days off between vacation, holidays and personal days. Just awful isn't it? How do I stand it? What a lousy company to work for huh?

But alas it is not all roses and butterflies. As a company they are very strict on logs and safety issues as well as following company policy. For drivers who want to tailgate, break the HOS regulations and be careless this is not the place for them.

And as I've said in other posts your profitability and job satisfaction will vary greatly depending upon what DCS acct you're on who the load planners are and which fleet manager you get. I recently left the PPG acct and transferred to intermodal because I was dissatisfied with the load planning and the performance of my fleet manager. I could've thrown in the towel and left JBH altogether, but why start all over with a new company when I can retain my insurance, 401k benefits and seniority and transfer to a different position within the company. Now I drive a 2010 Cascadia daycab, work M-F and am home every night and make about $950/week and still have great benefits and my new fleet manager is great and enjoy a better work atmosphere and more respect than the last 6 months I was on DCS. If I ever get tired off pulling containers I could transfer somewhere else as JBH is a huge company with many different driving jobs available. I'm not saying they are the greatest thing going but they are definitely not as bad as you and many others portray them to be. There are many far worse companies to drive for.

As far as your investment knowledge and analysis, I'm not even gonna go there. I have a pretty extensive background and experience in investing and stock trading but it seems to be counterproductive to have a battle of wits with someone who is unarmed. Besides as I noted earlier, this is a trucking message board not an investment board. Good luck to you in your driving and investing pursuits.

 

Roadkill.

My father worked for JB from about '85 to around '93 when he stopped driving. If you would have read all of my posts you would have see that I already stated it. I'm sure you are just making your own conclusions here. Regardless. I grew up with my father being gone for 3 to 5 months at a time then home for 3 or 4 days and gone again for months at a time. He loved it. Why? I have no Idea. He never made over $30,000 a year and had very limited benefits with a stripped down truck with plastic seats and a AM only radio. Times have changed and a person doesn't have to put up with JB's crap. One day they will cave in on themselves.

I never worked for them and I never will. My father loved it but he was a high school drop out and put up with a lot of crap in his life. I for one will tell good OLE JB to shove it everytime i get a call from a headhunter or see their stand set up in a truckstop. It's sad just so sad to see them struggle. I wish they would just close the doors and let a real trucking company take over. LOL.

I will never work for the corporate companies because I get visitation with my son. I get him from Friday after noon till Sunday afternoon. I have been down the list of companies and they all say the same. We can get u home but it will be on our schedule not yours. That is when I hang up the phone. Even good OLE JB's Owner Operators dont get to pick their hometime. It's just sad sad sad. I have only worked for companies that will work with me on my visitation with my son. This is the NON major corporate companies. I worked for one. Swift. Not by choice but because they bought out M.S.Carrriers. I told Swifty to shove it too after about 6 months of pulling teeth with them. The corporate companies are just crap. You can go to a smaller company and make more. It's not just about the cents per mile. It's also about the miles per week, the time at home, the type of truck you drive, the product you haul, the benefits and of course the speed of the truck. 62 to 64 miles per hour is for the birds. It benefits no one. Just corporate crap to deal with.

If you do have a day job and make that with JB you are in the minority for sure. I'm certain JB doesn't pay what you say for a day job because they can get it cheaper but I won't get into a pissing match with you. It's senseless. JB is crap most on here agree with me. If you have it hold on to it as long as you can because I promise you. You can't go anywhere in the country with JB and get the same deal. I call BS on it but whatever man.

 

So you are largely basing your opinion on someone's experience with JB that ended 17 years ago. Do you realize how much the world has changed in the last 17 years? Maybe not...

That's fine I can tell by your posts you aren't cut out for it anyway.

LOL is right I laughed when I read this. Hate to say it but your reality check bounced.

Actually JB has hundreds of jobs available right now and many of them are home everyday positions. I know you would never visit a JB Hunt job board, but if you did you'd see I'm not making it up.

So you are saying that I am lying? Why? Just to try and win a debate with a BSer like you? Everything I've said is 100% accurate. It is you that has the accuracy and credibility issue. Apparently you're confused. If you want to fling baseless criticism at JBH that's fine, but you're the last person that should be questioning the truthfulness of someone else's posts.

Don't know much at all about JB today do ya? JBH moved over 1 million intermodal containers this year alone and is the 800 pound gorilla in this space. It is the most profitable and the fastest growing sector of the company. They cannot hire drivers fast enough due to the growth. Now I know you will counter that the hiring and openings are due to high turnover rates because JB is such a bad place to work. That claim would be a fallacy. The location I work at has many drivers that have over 15 years here as well as many others in the 5-10 yr range. They have grown from 40 drivers to 160 drivers and still need to sub out the overflow loads to owner ops.

JBH is hiring intermodal home every day drivers all over the country. But of course I realize you never let the truth stand in the way of your argument..

 

To be honest I never thought I would apply for a job with JB but a dedicated opportunity came up (DCS home daily) and I was hired. I work on the Home Depot account.

We have weekends off here but I usually will work Saturday with either small loads or busy work bringing trucks in for service. I gross around $1,100.00 if I put in a 6 day week. I also know guys there that bring that home in 5 days if they get decent runs.

Is this company perfect? I doubt any are but I know that a good relationship with your FM is the key to a successful business relationship.

 

Dude- Let's be honest. A company is not going to kiss your behind because of "your" personal issues. If you have certain obligations on weekends then find a job that is Monday through Friday. It's just that simple. I mean really... The nerve of some people to tell a 24/7 national company when and where. Get real.

 

I won't work for jb. I have morals