In the interest of education . .
It's easy to watch the financial performance of every publicly traded company. The first result of a Google search of the company name will (usually) produce the stock symbol, recent headlines which are almost always financial and from there, you can go as deep as you'd care to. I'm sure a lot of people already know this but for those who didn't, it might provide a little insight as to what their company is saying versus how the company is doing.
I bring this up because, while a lot of Driver's were belly-aching about new idle restrictions, etc., as diesel prices were shooting through the roof, I was watching "big trucking" financial performance. I kind of got the sense that, while it's always good business to "empower" everyone to help keep costs low, the dire consequences being foretold weren't exactly keeping step with the truth. The bottom line was your boss was asking you to sacrifice and laughing all the way to the bank.
Since . . I think Yellow was first, then Schneider and so on . . cutting pay and 401k contributions has become so fashionable, I can't help but wonder if that sacrifice is truly necessary for every employer that is doing it. Remember when Flying J filed for bankruptcy? One brilliant poster (Stan . . was that you?) noted that perhaps they filed because they could. What better time to do it than when everyone else is doing it?
It seems to me that the last thing you want to do is cut someones pay. Cutting hours and/or laying people off at least sends a clear message. Cutting benefits with a promise to repay seems a little muddled to me. Attrition is still high in this business and the larger companies still bleed and regurgitate Drivers. I have to believe that it wouldn't take too long for any company to trim their fleet to an appropriate, financially prudent level.
How about you . . what do you think?
Swift is a privately held company and it's financial information is a closely guarded secret.
__________________
START FRESH. GET INVOLVED LOCALLY. SEND A CLEAR MESSAGE. NO INCUMBANTS. VOTE THE BUMS OUT!
|
issedoff:
