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Useless
Joined: 08 Oct 2005
Posts: 3176
Location: Canyon Lake, Tx.
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| Posted: Thu May 22, 2008 9:43 am Post subject: |
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In the days to come, we may well be hearing more about bankruptcies in the trucking industry. What you also need to know is that many of those bankruptcies will fall under Chapter11.
Chapter 11 bankruptcies serve to ge creditor off of a company's back and allow them to re-organize their debt structure.
If Chapter 11 was the death knell, then SouthWest Airlines would be one of the few airlines left in the skies.
Distinguish rumors from fact, but don't get too worked up when you read that a company has filed for Chapter 11 Bankruptcy. |
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Kurbski
Joined: 08 Jun 2007
Posts: 351
Location: I-4 & I-95
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| Posted: Thu May 22, 2008 9:45 am Post subject: |
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No need to be sorry CounrtyHorseman.The cad server was dbl & trpl posting and locking up last night. :twisted:
Info coming from you is a good thing.
Thanks for the accurate update on TMC. :wink: |
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countryhorseman
Joined: 04 Jan 2005
Posts: 730
Location: The Great State of Texas - Seguin
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| Posted: Thu May 22, 2008 10:09 am Post subject: |
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It has been made public knowledge that Jevic has shut down operations, namely due to the high fuel cost! There was another large outfit out of Georgia, but cannot find the news post on it!
Useless wrote: In the days to come, we may well be hearing more about bankruptcies in the trucking industry. What you also need to know is that many of those bankruptcies will fall under Chapter11.
Chapter 11 bankruptcies serve to ge creditor off of a company's back and allow them to re-organize their debt structure.
If Chapter 11 was the death knell, then SouthWest Airlines would be one of the few airlines left in the skies.
Distinguish rumors from fact, but don't get too worked up when you read that a company has filed for Chapter 11 Bankruptcy. |
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Sammonman
Joined: 27 Jul 2007
Posts: 42
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| Posted: Thu May 22, 2008 1:04 pm Post subject: |
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Jevic was based in Delanco NJ and is reported in the Trucker and Transport topics as well as Jevics web site.
TMC is privately held so the cards can be held closer to the vest. |
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Rawlco
Joined: 25 Jan 2006
Posts: 1150
Location: Central Maine
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| Posted: Thu May 22, 2008 10:11 pm Post subject: |
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Well TMC is wasting enough money to have me traipse around the country finally ending up in Des Moines so they can do a full service and change my truck from super singles to duals. I don't want to guess how much it costs to buy a set of 8 new rims plus tires for each truck.
So you can look at this information in two ways. If you believe that TMC is going bankrupt then you will assume that this swapping for duals is in preparation to sell the entire fleet. If you are rational you will believe that TMC is still making enough money in this market to undertake fleet improvement projects. |
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Double L
Joined: 26 Sep 2007
Posts: 1279
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| Posted: Fri May 23, 2008 12:49 pm Post subject: |
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| The super singles are not impressing TMC I assume? |
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vonSeggern
Joined: 09 Dec 2005
Posts: 529
Location: Earth, North America, North, East, 9th State, 42° 56' 1" N, 72° 16' 41" W
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| Posted: Fri May 23, 2008 2:36 pm Post subject: |
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Double L wrote: The super singles are not impressing TMC I assume?
They wear like crap. Never had any problems with winter driving. |
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dollarshort
Joined: 16 Feb 2006
Posts: 521
Location: South Central PA
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| Posted: Fri May 23, 2008 5:02 pm Post subject: |
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Double L wrote: The super singles are not impressing TMC I assume?
Super singles are not impressing anyone. They are :dung: and I hope they soon go away for good. |
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BigDiesel
Joined: 01 Apr 2007
Posts: 1072
Location: Space... The Final Frontier
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| Posted: Fri May 23, 2008 5:10 pm Post subject: |
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dollarshort wrote:
Super singles are not impressing anyone. They are :dung: and I hope they soon go away for good.
Since you " state facts " it must be true..... In fact I am going to replace my SS's because you are the authority on all things trucking.... :lol: :lol: |
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Rawlco
Joined: 25 Jan 2006
Posts: 1150
Location: Central Maine
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| Posted: Fri May 23, 2008 7:08 pm Post subject: |
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The biggest problem with the Super singles is the wear life is poor. I have actually had a pretty good life with them as they are not anywhere near worn out at 237,000 miles. I am guessing I had another 40,000 miles on them easy. The other factors in the equation include a high replacement cost on the road, the need for roadside repair, and the poorer traction in snow.
I did find out how the trucks are selected for tire replacement. After weighing the truck retirement date and current tire tread depth they selected trucks 91850 to 91950 for the first wave. Once those are done they will start on the next 100. This is to prevent the shop from being mobbed in an unruly fashion. |
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shadowsknight
Joined: 14 Apr 2006
Posts: 143
Location: Austin, TX
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| Posted: Mon May 26, 2008 8:54 am Post subject: |
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Rawlco wrote: The biggest problem with the Super singles is the wear life is poor.
Mine wear on the inside edge. There are cracks inside the treads and rocks have melted into the tire so that I can see steel belts. These tires will be replaced this week. |
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Rawlco
Joined: 25 Jan 2006
Posts: 1150
Location: Central Maine
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| Posted: Mon May 26, 2008 10:44 am Post subject: |
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shadowsknight wrote: Mine wear on the inside edge. There are cracks inside the treads and rocks have melted into the tire so that I can see steel belts. These tires will be replaced this week.
Oh yeah, forgot to mention the rocks getting stuck in the treads burrowing in thing. Mine DID that too. |
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