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Rate cuts/Lay-offs

Discussion in 'Tanker, Bulk and Dump Trucking Forum' started by spindrift, Nov 20, 2019.

  1. Nov 20, 2019 #1
    spindrift

    spindrift Road Train Member

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    What's the logic behind cutting driver's rates as opposed to a lay-off? In "normal" corporate America, a lay-off is the tried and true method of responding to a shrinking market. The trucking sector is anything but normal.
     
    spindrift, Nov 20, 2019
    spindrift, Nov 20, 2019
    #1
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  3. Nov 20, 2019 #2
    Just passing by

    Just passing by Road Train Member

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    I prefer a smaller paycheck, temporarily, than no paycheck at all.
     
    Just passing by, Nov 20, 2019
    Just passing by, Nov 20, 2019
    #2
    Chinatown and ExOTR Thank this.
  4. Nov 20, 2019 #3
    Hegemeister

    Hegemeister Road Train Member

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    Rate per mile is down. Can always find a load, just not at the revenue desired. Layoffs require reduction of assets.
    They are expecting rates to bounce back at some point.
     
    Hegemeister, Nov 20, 2019
    Hegemeister, Nov 20, 2019
    #3
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  5. Nov 20, 2019 #4
    spindrift

    spindrift Road Train Member

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    Just to be clear, I'm not speaking to general freight rates. Companies are cutting their mileage pay to drivers. Why not lay off drivers? It seems that it would make more sense from a business operations point of view.
     
    spindrift, Nov 20, 2019
    spindrift, Nov 20, 2019
    #4
  7. Nov 20, 2019 #5
    mitrucker

    mitrucker Road Train Member

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    Because this way, when rates move up, they have more drivers to move freight.
     
    mitrucker, Nov 20, 2019
    mitrucker, Nov 20, 2019
    #5
    Hegemeister and ChicagoJohn Thank this.
  8. Nov 20, 2019 #6
    scythe08

    scythe08 Road Train Member

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    Who has been cutting their mileage pay?
     
    scythe08, Nov 20, 2019
    scythe08, Nov 20, 2019
    #6
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