User Tag List

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 04-29-2007, 09:12 AM
Guest
Posts: n/a
Default Marten going under?

I was listening to the CB yesterday and drivers were telling one another that Marten is about to go under and everyones checks are bouncing. Is this true?
Reply With Quote
  #2  
Old 04-29-2007, 10:15 AM
Jumbo's Avatar
Senior Board Member
Join Date: Aug 2006
Location: Northern Wisconsin
Posts: 2,102
Default Re: Marten going under?

Quote:
Originally Posted by SteveBooth
I was listening to the CB yesterday and drivers were telling one another that Marten is about to go under and everyones checks are bouncing. Is this true?
There is a Marten driver that I talked to last night about working for them and he sure didn't mention anythiing like that.
__________________
Don't trust anybody. Especially that guy in the mirror.
Reply With Quote
  #3  
Old 04-29-2007, 11:47 AM
TK THE TRUCKER's Avatar
Senior Board Member
Join Date: Jul 2004
Location: Macedon Center,NY
Posts: 1,026
Default

:shock: I'll have to give a couple drivers at Marten a call that I've kept in contact with and see what's going on. I just saw this yesterday http://www.truckinginfo.com/news/new..._category_id=7
Reply With Quote
  #4  
Old 04-29-2007, 12:20 PM
Guest
Posts: n/a
Default

It could have just been a couple of drivers from different companies trying to start a bad rumor. Interesting to see there average revenue per mile under $1.50. Like I was told, they will take all the $1.20 loads you can give them. If they can't find a load going out they would rather have someone else pay the cost of dead heading to a better lane then just sitting.
Reply With Quote
  #5  
Old 04-29-2007, 01:30 PM
Rev.Vassago's Avatar
Guest
Board Icon
Join Date: Apr 2006
Location: The other side of the coin
Posts: 9,411
Default

There are rumors like this every year that one of the big companies is going under. I've heard everything from Werner to JB Hunt.
Reply With Quote
  #6  
Old 04-29-2007, 02:13 PM
GMAN's Avatar
Administrator
Board Icon
Join Date: Feb 2005
Location: Tennessee
Posts: 17,113
Default

Actually, this industry would probably be better off if one or more of the large carriers did go out of business. It would take a lot of capacity out of the marketplace. However, that isn't likely to happen. Most of the time when a large company gets into trouble they simply merge with another carrier. MS Carriers did that with Swift. I seem to recall Covenant buying out or merging with a carrier a few years ago who was about to go out of business. I don't recall the name. From the standpoint of rates, I think we would see higher rates with smaller carriers. When a carrier gets too large, they will take most anything to keep the trucks moving, even if they lose money or break even. They can operate on pennies when the rest of us need dollars to survive. They can prosper on sheer volume. I remember a quote attributed to J.B. Hunt that basically stated that he could make it on $1/day per truck. I wish I could recall the exact quote. Of course, he may not have even said it. But, if you think about the number of trucks in their fleet, that is a sizable about of cash. Small fleets could not survive on a net of $1/day per truck. I don't really want anyone to lose their jobs, but these large carriers are very predatory in their business practices. The bigger a company becomes the less they seem to care about their workers. Most new job growth comes from small companies.
Reply With Quote
  #7  
Old 04-30-2007, 03:16 PM
WildK9's Avatar
Senior Board Member
Join Date: Mar 2006
Location: Irving,TX
Posts: 1,859
Default

My paychecks are good! In more ways than one, with Marten.
Reply With Quote
  #8  
Old 04-30-2007, 04:34 PM
Senior Board Member
Join Date: Aug 2005
Location: jackassville (winnipeg, mb)
Posts: 3,298
Default

JB hunt is actually very profitable, one of the most profitable in the industry.

They're not going under any time soon, I gaurantee that.
Reply With Quote
  #9  
Old 05-01-2007, 12:45 PM
Guest
Posts: n/a
Default

Quote:
Originally Posted by allan5oh
JB hunt is actually very profitable, one of the most profitable in the industry.
I would buy JB stock, but never drive for 'em.
Reply With Quote
Reply





Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 04:07 AM.


User Alert System provided by Advanced User Tagging v3.3.0 (Lite) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.