Post Gordon ~ Thoughts, Commentary & Reflections

Discussion in 'Road Stories' started by Victor_V, Jun 2, 2013.

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  1. ampm wayne

    ampm wayne Heavy Load Member

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    I am not aware of any new hires.

    We did have an outside carrier hauling some of our loads on Tuesday.

    It could have been an Indy driver.

    Trainer Frank gives all new hires their road test. He always calls me and asks me if I know them.

    I hope we did not hire anymore drivers. In my opinion we have enough.
     
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  3. Victor_V

    Victor_V Road Train Member

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    Boss says tomorrow's light, maybe bobtail north of Indy a ways for a load but won't know until tomorrow. I'd be fine with tomorrow off, have plenty to do here. In fact, can probably make one errand to Ellettsville that would have had to wait until Wednesday.

    Finally the neighbor's dog came outside on his own this morning. Have had to carry him and he's only pooped once as far as I've seen. Maybe there's doo-doo in the basement. Dunno. Neighbor'll be back tonight.

    Had mine on the back deck while I set up the wire dog crate for the 10 new Golden Comet chicks. For their first 10 days they need to be at 95 degrees and then drop 5 degrees/week until reach 70 degrees at 6-weeks-old. You can tell at a glance if too hot, cold because if 'just right' they're busy eating, drinking water and scurrying about.

    If huddling, they're cold. If avoiding the heat lamp, too hot. Can't seem to get the heat lamp adjusted, seems too little or too much. When I trigger the infrared temp gun, they're already wired to chase the red dot, thinking it's a bug of some sort. Um-m-m, a bug!! Eat it now, quick!!

    They're wary of predators, too. When I brought the dogs in to feed yesterday, suddenly all 10 froze in just that instant, became 10 little un-moving furry, fuzzy miniature statues and stayed that way until I put my hand in the cage with them. Then they loosened up and got to feeding again.
     
  4. ampm wayne

    ampm wayne Heavy Load Member

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    Jan 13, 2009
    bloomington,in
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    My back has hurt for over a week. We were very busy last week so I worked through the pain. My wife got me a Dr. appointment for 5pm. on Monday. I told the dispatch office on Friday about my appointment. Terminal Boss called me today and told me to take tomorrow off and address my sore back. Our jobs do require some physical work. It is kinda up to the driver how involved he gets with the unloading process. I tend to get very involved. It is probable best that I take tomorrow off and get my back pain checked out. I will be back on the road Tuesday.
     
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  5. Victor_V

    Victor_V Road Train Member

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    Spencer, Indiana
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    What kind of Doc are you going to?

    The reason I ask is that your typical GP (general practitioner), MD has a limited bag of tricks, usually muscle relaxant and pain killer. Won't take you very far.
     
  6. Victor_V

    Victor_V Road Train Member

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    Growing Faster than Weeds...

    Just wrapped up the evening ritual.

    The new, heavy old hens park themselves on top of the doghouse-turned-chicken/duck-coop so I have to go out and drag them off, put them in with the duck, who sidles right up to one of the hens she especially likes for a quick welcome cuddle, as I close them in for the night.

    Necessary? Maybe, not. I'm not in an especially predator-rich spot, although large hawks and owls, coyotes and raccoons and opossums ply the nights around here. Been pretty good so far, lost one hen to a blockage and one chick to a nuthatch. Got a raccoon cage/trap and not even baiting it. They like dog food, by the way. I have that. Lost a good cat to a predator a while back.

    Well, it's not bad, considering.

    The mortality among new chicks is sometimes high, which is why I agreed to take 10 rather than, say, 5 or 6. They seem pretty vigorous. I know from Rural King that from one week to the next is like a light year.

    Wow! How chicks grow!

    Yesterday these had finger-like feathers at the end of their wings. Today it's all feathers HALF way up the wing to the shoulder. In ONE day, mind you.

    Guess I've got a front row seat on these kids!
     
    Last edited: Feb 9, 2015
  7. Victor_V

    Victor_V Road Train Member

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    Trucking Dividends

    Trucking pays dividends. Oh well, to drivers too, I suppose. Here's a piece that compares JB Hunt, Ryder, Con-way, Knight, Heartland/GTI and Werner from the standpoint of dividend payout.

    http://seekingalpha.com/article/2878986-rolling-down-the-dividend-highway

    Says that the trucking produces 5% of GDP (Gross Domestic Product) with annual revenues of $650 billion.

    Also says that trucking comprises 84% of all transport and dwarfs rail, at only 6%. Claims we burn through 52 billion gallons of diesel.

    Hmph!! It's about all I can do to count 10 fast-moving Golden Comet chicks (to make sure none squeezed out of the crate... )

    THAT takes more than 10 seconds right there!!
     
    Last edited: Feb 9, 2015
  8. double yellow

    double yellow Road Train Member

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    State of Jefferson
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    That author is clearly misrepresenting the industry:

    Most mega carriers negotiate a rate + fuel surcharge. The fuel surcharge generally is set so that a truck getting 6mpg never pays more than the equivalent of $1/gal. In other words, a truck getting 6mpg will always pay $0.17/mile in fuel no matter how much it costs at the pump.

    With a fleet of 7 mpg trucks and fuel @ $4/gallon -- it costs a company $0.57 in fuel, but they get a $0.50 fuel surcharge so instead of the expected $0.17/mile it costs only $0.07/mile -- a fuel surcharge "profit" of 10cpm.

    When fuel drops to $2/gal, it costs a trucking company only $0.29/mile in fuel, but the fuel surcharge drops to $0.16/mile -- meaning the actual fuel cost is $0.13/mile -- nearly double the 7cpm it costs the company when fuel is $4/gal.

    For the mega carriers, lower fuel prices tend to lower profits -- not the other way around.
     
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  9. Victor_V

    Victor_V Road Train Member

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    Fuel Surcharge

    FSC plays a BIG role in the financials of mega carriers, so much so that typically they list it separately, just like tires, which are listed as prepaid assets (tires in stock or paid for on a roadside maintenance agreement) and depreciated over 2 years (mounted on trucks and rolling down the road).

    Example: HTLD shows over $10 million in prepaid tires on current 8-K (press release). http://secfilings.nasdaq.com/filing...PRESS+INC&FormType=8-K&RcvdDate=2/4/2015&pdf=

    Bright One, do you have a link on FSC?
     
  10. double yellow

    double yellow Road Train Member

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    What kind of link?

    Let's put FSC in context of a familiar company: Heartland Express.

    Operating revenue: $668.4 million for the nine months ended September 30, 2014
    fuel surcharge revenue: $134.2 million
    Net revenue: $63.3 million

    DOE average diesel prices from 2011-2013: $3.848, $3.971, and $3.922

    DOE diesel prices lately:
    2015-02-09 13.16.18.jpg


    In their last 10Q, Heartland did note that despite a 3% decrease in DOE fuel price they were still able to lower their net fuel cost per mile by increasing fuel economy:

    But that was only a drop from $3.92 to $3.80. We're looking at $2.80 DOE prices now -- a 29% drop instead of 3%. Worst case scenario, that could potentially change this:

    Operating revenue: $668.4 million for the nine months ended September
    fuel surcharge revenue: $134.2 million
    Net revenue: $63.3 million


    to this:

    Operating revenue: $629 million for the nine months ended September
    fuel surcharge revenue: $95 million
    Net revenue: $26 million



    So why not short HTLD?

    The problem is when fuel prices are declining, fuel stations tend to be slow to lower their advertised prices (they raise prices immediately when their costs go up). The advertised price is what the DOE uses to determine its average.

    So what? Trucking companies usually pay a discounted rate -- often cost plus. When the advertised price of diesel was $3.80, the station may have been buying it for $3.57 and HTLD was probably paying $3.60. Because fuel prices have been falling rapidly, station costs are often much much lower than normal. That $2.80 advertised might mean $2.27 cost which means Heartland pays $2.30.

    So despite falling fsc, big carriers can still profit overall in the short term due to their fuel discounts. But if prices stay depressed, the advertised price will continue to decline while the cost stays steady. That station paying $2.27 will still charge HTLD $2.30, but the advertised price will fall to $2.45 which will then lower the DOE's average. That's when profits will take a hit.
     
    Last edited: Feb 9, 2015
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  11. Victor_V

    Victor_V Road Train Member

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    Tuesday Night Weigh-In--Promising!!

    Did well on the weigh-in tonight, missed last week as had KY runs Monday and Tuesday when the Challengers (Spencer Y, 'Get Fit Challenge') meet for a one-hour presentation and weigh-in. I'm 2 pounds away from my original goal to drop 15 pounds from where I was when left on Trip West.

    Had gained 15 pounds over summer doing Prairie turns when my part-time gig turned into the equivalent of full-time plus. It's really difficult to lose weight when you're tired, putting in long hours. Today also did 2 sets of 5x up-and-down trail out back, which is a 2 mile total and it's a good regimen without being overly taxing. From top to bottom the trail drops a good 40 feet, and has curves and unevenness that provides a good, yet easy enough workout.

    In fact, there's a 5K coming up in late April, sponsored in part by the Spencer Y, and I'm thinking about it. 5K is only a little over 3 miles and it's a Walk/Run event, so even at a fast walk would be done in less than an hour or so. Definitely thinking about it.

    Right now I'm doing 5x up-and-down trail out back, then some shovel/wheelbarrow work on the bottom part of the trail. On second 5x set, did cut my shovel work down to half. I'm planning to get another good wheelbarrow and shovel, so have one at top, one at bottom.

    Sunday Driver called me yesterday when he saw me stopped on the side of the highway, wondered, wanted to know if I needed any help. That was nice, but no, just stopped to get phone number off service truck for a fencing installer!! Anyway, he mentioned that last year at this time we were busy at first of month and around 15th; first week busy, 2nd week slow, 3rd week busy again, 4th slow. Frankly, that would work just fine for me.

    That way, I'd get lots of rest, exercise and lots of time to get stuff done.

    It's all good.
     
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