*Sniff*... I need a tissue after that sob story...

 

My only responce to your little rant would be: WHY ISNT THE DRIVER A SHAREHOLDER? Everyone in this country has that choice. Example: Say a driver has driven for company A for 15 years. Say that driver was smart enough to invest in that company stock though employee stock purchase. Say company A does start using mexican drivers and the profit and stock goes up big time. Didnt that driver just profit from the mexican driver? Why do so many drivers think that cents per mile is there only measure of pay? A good employee stock purchase and a successful trucking company will make a driver FAR MORE money over his career than CPM.
And again, THIS MEXICAN TRUCK DRIVER THING HAS NOTHING TO DO WITH ILLEGAL ALIENS.

 

Is that the only response you have in your little bag of tricks? FYI, in the long term stocks are great. But if American driving jobs get any worse and pay goes to hell, how do I pay the bills with stock? :roll:

 

How are american driving jobs going to hell? I talk to 100 drivers everyday who are making good money and love their jobs.

 

LOL..stare closely at those cornbinders now. Do you notice anything particular about them?? Look pretty close to the early 90's model cornbinders JBHunt used to run up and down our highways. What do you think?

Now see.....Ignorance is one of my pet peeves as well. I'm not a educated man for sure. However, I feel I am intelligent enough to understand that trucks from Mexico, will be bad for American truck drivers. As a fairly intelligent person, I for one, do understand that Corporate America stands to gain, big time, by having Mexican Trucking companies hauling freight on American roads. Now..some are gonna say "That's what was thought, when the Canadians were allowed full access." To that arguement I say, not true. Canadian truck drivers are paid a canadian wage, in line with our american wage. Canadian trucking companies operate on a level that is equal to American trucking companies, insurance and tax-wise. Corporate America had little to gain when Canandian trucks, were allowed access. Do you really believe that Mexican driver's are paid on a par with American drivers or Canadian drivers? Face it...your 40 cpm job can be eliminated if Corporate America, can arrange for mexican drivers to haul the freight for a wage of 15cpm.

In the last 12-15 years, how many times have you seen Canadian trucks abandoned on our streets and roads? Now, in the last 12-15 years how many times have you seen or heard about mexican trucks, abandoned on the streets and roads of the 20 mile zone? Myself, I remember seeing one such truck, along I-5 in San Diego, in 2003. When I spoke with a scale master about it, she told me that mexican driver's are always aboandoning their equipment, that it ws one of the easiest methods for them to gain access into our country.

Once Mexican trucks are in our country, those drivers will not have to worry about "Bandits" robbing them. They already know that ours is a "safe" country, for them. Do you feel that American driver's will be just as safe, once they are able to drive into the interior of Mexico? Do you think that shipment's bound for Mexico are going to be going south on American trucks? Or is it more likely that the freight will sit on the dock, waiting for a Mexican truck? Will it be an American dock worker/warehouseman, unloading inbound freight from Mexico and reloading Mexico bound freight, on to Mexican trucks? Or will the Mexican driver's be unloading and reloading their freight..for free..(since that is how Corporate America has always made it work)?

The weekend before last, I layed over in WV. One of the other O/O's laying over at that terminal, was a "green-carded" Mexican citizen. His english was flawless. He told those of us sitting in the TV lounge, that he and his wife, worked for 20 years, to get their green-cards, so they could come here legally, to start a family. They are hopeing to be sworn in as US citizens in January. He told those of us in that room, that his father does not make in 4 month's, what he makes in 2 weeks, after deductions. His father and 2 brothers are truck drivers in Mexico, driving between Mexico City, Monterrey and La Paz. His concern? that most of those Mexican drivers will abandon their trucks, once they are where they want to be, here in America.

One final thing. For the most part, American OTR drivers are not paid overtime wages, because of a Fair Labor and Standards act statute, that was pushed by Corporate America, in 1932, which stipulates that when truck drivers cross a state line, they are ineligable for Overtime wages. Every 7 years, that statute is revisited by Congress, at the behest of Corporate America, so that OTR drivers remain ineligable for Overtime Pay. There are some companies that do pay overtime wages to their interstate drivers. There are far more though that do not.

For what it is worth.

 

Those are DINA D-9200's. DINA built International tractors under license. The red grille badging is larger on the DINA D series tractors than it would be on a similar International tractor.

 

Apparently you do not understand how most stock purchase programs work Sheep. Most if not all, purchases, are limited to annual income. So..a driver making 34,000 a year will only be capable of buy what...$3,400.00 in company stock, IF the driver can afford to spend that kind of money. Someone making $34,000 annually now..can not afford to buy stock, in those quantities. Now..as for your scenerio...just how many shares do you suppose an individual will need to own, for such a windfall to happen? 2,000 shares? 20,000 shares? 200,000 shares? Today JBHunt stock closed at $28.77. That means a driver who is putting say 3% of annual wages away, would be able to buy 118 shares of stock, if that driver had $3400.00 to invest. If that driver invested 3400$ each year, for 15 years, that would be, at $28.77 per share, plus 10% growth, 1982.4 shares. JBH shareholders just received a .09 cent per share dividend. 118 shares receive $10.62 for the quarter, 42.48 for the year. Over 15 years, at .09 cents per share, per quarter, that is $637.20, on those 118 shares, if the dividend remained consistent at .09 cents per share.
On 1982.4 shares, that is $178.42 per quarter, $713.66 for the year, and $10,704.96 over 15 years, with that .09 remaining constant. Blazing numbers.

Now yes..I know that some people will say..if the driver can't live within his/her means, and save for retirement as well, that is their problem. Which is where this whole afair leads to.

Already, many many trucking companies rely on their drivers to do "Free" work (off the logbook of course). Most warehouse's still require drivers to unload their trailers and break down individual orders. My land...how dare a truck driver want to be properly compensated for something like LABOR. That rant aside, warehouses do require such "free" labor.

Imagine...a driver might actually be able to run "legally", if they were not required to perform free labor. If a driver was actually paid a fair wage for all his or her labor...that driver might actually be able to afford your investment scenerio.

But..I'm being hysterical and nonsensical.

All them Mexican trucks are going to be working at American freight rates and American wages...RIGHT??

 

Here is the way you make money on stocks in the trucking industry, or any industry for that matter. Just follow the link if you can. I would have pasted the buy and sells but did not want to infringe on any copyright laws.
No offense to you Sheepdancer, you seem to tell it like it is, I just used JB considering your here and the largest, but the numbers will pertain to any company listed on either of the exchanges.

[url]http://stocks.us.reuters.com/stocks/insiderTrading.asp?symbol=JBHT.O&WTmodLOC=L2-LeftNav-20-InsiderTrading

 

I participate in the employee stock purchase program at Wal-Mart and I put in $25 a paycheck.