Did anyone else hear that JB filed for Chapter 11? or is it just another channel 19 rumor? I also heard that the pumpkin is buying JB? all BS I suppose??
I would say that is 100% untrue. If a company the size of JB Hunt did file Chapter 11 it would be all over the news.
JB Hunt Vice President and Treasurer David N. Chelette sold 3,524 shares on Friday, May 30th. If JB Hunt was or is going to file a Chapter 11 he would charged with insider trading.
Chapter 11 doesnt mean they are going out of business. Companies do it all the time. Nice way to get rid of creditors while you get your head above water again..
Chapter 11 doesnt mean they are going out of business. Companies do it all the time. Nice way to get rid of creditors while you get your head above water again..
No, they're too busy not paying drivers layover (I sat yesterday), raising the fuel bonus MPG goal to 6.1 from 5.9 (and then handing you 40,000+ pound loads all week), and generally gouging drivers in every way possible. They'll never go out of business at this rate, but I damn sure won't work for them much longer.
I ran 1450 miles last week. So yesterday I sent a message "hey, I only ran 1450 miles last week, are they working on a preplan that gets me rolling to an area with more freight?" They tell me yes. 3 hours later I get a note to switch trailers with another drive 85 miles away and drive it 140 loaded miles to the receiver, virtually where I was parked already. So after sitting yesterday, that's what I did today and I'm in the same spot now as yeserday. Great.
They're getting really bad.
I set a goal with myself to stay with them til the end of the year, but I don't think I'm gonna make it. I think I'd rather work for 10/hour then deal with these thieves.