JB Hunt Chapter 11???
#3
Member
Join Date: Oct 2006
Location: joplin mo
Posts: 78
nope is just a rumor check out their stock jumping through the roof still
if anything jb is going to buy the great pumpkin charlie brown especially with all the money they are making screwing over stupid people with their fleece purchase
#4
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.
#5
Senior Board Member
Join Date: Jan 2005
Location: East Central IL between the corn and the beans
Posts: 4,977
Jb's widow also sold a lot of shares. It would be my guess that between the two major sales it sparked rumors that JB Hunt is in trouble.
__________________
Finding the right trucking company is like finding the right person to marry. I really comes down to finding one whose BS you can put up with and who can put up wih yours.
#6
Originally Posted by prodriver
I also heard that the pumpkin is buying JB?
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Food has replaced sex in my life. Now I can't even get in my own pants....
#7
Board Regular
Join Date: Jul 2005
Location: Corn Patch
Posts: 202
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..
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Our opinions do not really blossom into fruition until we have expressed them to someone else.
#8
Originally Posted by jamesinge
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..
#9
Member
Join Date: Jul 2007
Posts: 58
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. |

