Quote:
Originally Posted by ColdFrostyMug
Quote:
Originally Posted by yoopr
so now you're a Schneider authority?
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If they're offering a pay increase, that means they have to offset that expense somewhere else on the balance sheet. Ah, but where? Fuel? Nope. Can they raise prices? Best o' luck with that one in this market. So where is the money coming from to fund these payraises?
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Schneider can simply afford it,they are pretty close to what JB Hunt makes(publicly traded).
Their pure profits are in the range of 350 million(yearly),on revenues of about 3.7 billion.
Even if all 15,000 drivers average a 2000$ yearly increase,that amounts to 30 million,less than a 10% hit on the bottom line,easly affordable by Schneider.
Said that,I agree with you, some of it will just be money shifting.
Just during my 2.3 years with Schneider,this company bought APS port services,two rail yards,opened logistics in Csech Republic,boght logistic firm in China,bought trucking co. in china,bought even air forwarding logistic co...and whom knows what else.
Its long due to give their drivers a more competitive wage!