TMC going bankrupt!!!
#21
03-28-2008, 12:47 PM
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Join Date: Jan 2005
Location: The Great State of Texas - Seguin
Posts: 741
Point #2 may well be true! Had seen that first hand while I was there. Just told them, if they cannot handle the competition, get out of the kitchen! I for one love a little competitive spririt.
Originally Posted by GoldiesPlating
Point # 1:
Is it only me or does anyone else think it would be strange for TMC to keep getting 2,500 trucks washed EVERY SINGLE WEEK and paying for it if they were about to go bankrupt? THAT fact alone should quell the baseless rumors. Point # 2: SOMETIMES TMC drivers do all in their power to keep new drivers AWAY from TMC as any new driver could be seen as a competitor for freight against existing drivers. Less drivers = More freight choices for existing drivers Flatbed Fred.
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"I discover the principles that work and work them, I am forever learning new principles that interaccomodate with what I already know, to the betterment of my life and my world. As principles are revealed to me, I cheerfully record them, use them, and share them. Principles are, without question, the fastest way to what I want." Author Unknown OOIDA
#22
03-28-2008, 04:54 PM
Originally Posted by countryhorseman
If I remember correctly, Von can probably remember this, but TMC has no outstanding public debt. i.e. TMC is 100% solvent! No banks, finance companies, etc. have any hold on TMC!
Regarding the truck washes: 2800 trucks being washed at $50 each per week costs the company $140,000 per week, or $560,000 per month. In a cash flow crunch we could wash every other week and save the company over a quarter of a million dollars. That amount would purchase 67,469 gallons of fuel , and allow us to travel about 391,325 additional revenue producing miles in that month. Of course that is only 139 additional miles per truck in that month. (based on at $4.15 per gallon and 5.8 mpg)
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 Nothing is foolproof to a talented fool. -------------------------------------------- The Road goes ever on and on Down from the door where it began. Now far ahead the Road has gone, And I must follow, if I can, Pursuing it with eager feet, Until it joins some larger way Where many paths and errands meet. And whither then? I cannot say. -- J R R Tolkien
#24
03-31-2008, 12:50 PM
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Originally Posted by countryhorseman
If I remember correctly, Von can probably remember this, but TMC has no outstanding public debt. i.e. TMC is 100% solvent! No banks, finance companies, etc. have any hold on TMC!
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The hand of the diligent shall rule; the slothful shall be under tribute." Proverbs 12:24, God, A really long time ago.
#28
05-21-2008, 02:53 PM
Join Date: Jul 2004
Location: Speedway Indiana
Posts: 1,751
Originally Posted by carterbeauford
what's with all the bad information lately? CAD is becoming channel 19.
"when you guys get together you're worse than a sewing circle" name the movie 
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Fuel for free. Pre/Post trip for free. Sit at shipper/receiver for free. "Work 80-100, log 70, get paid for 40." Welcome to OTR coolie carrier truck driving!
#29
05-21-2008, 03:33 PM
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Location: The Great State of Texas - Seguin
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Originally Posted by Sammonman
Old rumor new source.
Chapter 11 restructure. Pretty confident of the source.
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"I discover the principles that work and work them, I am forever learning new principles that interaccomodate with what I already know, to the betterment of my life and my world. As principles are revealed to me, I cheerfully record them, use them, and share them. Principles are, without question, the fastest way to what I want." Author Unknown OOIDA
#30
05-21-2008, 03:33 PM
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Join Date: Jan 2005
Location: The Great State of Texas - Seguin
Posts: 741
Double, sorry - our internet is sending wierd messages tonight!
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"I discover the principles that work and work them, I am forever learning new principles that interaccomodate with what I already know, to the betterment of my life and my world. As principles are revealed to me, I cheerfully record them, use them, and share them. Principles are, without question, the fastest way to what I want." Author Unknown OOIDA |
