Sure, you could do that and wouldnt be a bad idea. But yes, Jb employees get a better deal. We do company stock purchase through our 401k. So the money you use to buy is pre tax. So putting money in stock over here will lower your taxes. Plus you would ge an extra 50% return on up to 6% of your income by putting it in stock as an employee

 

Sheepdancer, I PM'd you. Don't know if you got it.

 

ok before you say ups has not done any thing in five years go figure in the dividen they pay every Q and if reinvested well tell you what your true net would be with ups i see jb has never paid a div. there is more to a stock price than just price per share shown on a ticker tape LOL YOU CAN DO BETTER THAN THAT

 

Sure you can make some money on dividends, but unless you have 100s of thousands of shares, you arent going to make squat.
So UPS pays about a 2.2% yeild with dividends. OOH GOODIE, I CAN MAKE A WHOLE 2.2%!! Why would I waste my time with 2.2%, I can get a better return than 2.2% with a savings account at a bank.

I dont know where you got that JB doesnt pay dividends.

 

ok my bad on the divend BUT the company does have a 103.46 million neg. cash flow problem that could be a problem in the long term if not handled right

 

 

This topic is always interesting to watch,every time the Rand or PC topic comes up. I work at a logistics company,and every day I set up new carriers with contracts and rates.Any time the topic of mileage systems come up with carriers,I will tell them they can use any system they want,but the freight is awarded on a flat rate basis.For example,if a carrier uses PC miler and their bid comes in at $900,and another carrier uses Rand,and their bid comes in at $850,the carrier at $850 will get the freight.I think everyone agrees that it would be nice if we all were on the PC system,but shippers are going to move their freight for the cheapest cost with the best service.

 

Well, company can bid whatever they want for the contract, just pay the driver for all of the miles they drive. Is that so hard?

 

apparently, it is

 

So, because the "lowest bidder" gets the contract....drivers should get the stick?

I would imagine that all of the box freight companies use the same costing for the most part when pricing out loads and contracts.....but yet some of the companies pay their drivers practical miles, while others don't. I think that JB, USX, Covenant, and all the rest could too....but then again....they may never because well....why should they as long as they find "meat for the seat". In fact there really isn't any reason why they can't automatically pay drivers for detention.... especially when they are collecting it. It would certainly be less expensive to pay the driver better than to keep losing them and hiring new ones at what $3500 to $5000 a driver? With 100%+ turnover....seems an awful lot of money is being pissed down a black hole.....