Sni IPO profile.

I think they just want someone paying weekly for all those mt lease tractors....

If there's not enough decent loads to go around they could care less $$$$$

 

Did I read correctly ( I am on my phone so it's hard to scroll) 2690.00 per week per IC profit?

 

After reading the IPO information, I take back everything I wrote.

 

no skin in this but this stood out to me.....

"We may contract with more owner-operators and use more owner-operator trucks than some of our competitors. We are therefore more dependent on owner-operator trucks than some of our competitors. Failure to maintain owner-operator business and relationships and increased industry competition for owner-operators could have a materially adverse effect on our operating results. During times of increased economic activity, we face heightened competition for owner-operators from other carriers. To the extent our turnover increases, we may be required to increase owner-operator compensation or take other measures to remain an attractive option for owner-operators. If we cannot attract sufficient owner-operators, or it becomes economically difficult for owner-operators to survive, we may not be able to maintain the percentage of our fleet provided by owner-operators or maintain our delivery schedules."

What say you? are you seeing this "compensation"?

 

In short, NO.

 

What they're saying I think is " more owner operators + less SNI costs to deliver freight = higher profits".

Seems as if it's a forecast to lighten their load and increase O/O.