|
|
04-14-2009, 02:54 AM
|
Member
Thread Starter
Join Date: Mar 2008
Location: Henderson, NV
Posts: 61
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Swift cuts CPM by .01
At the end of April '09 Swift is cutting a penny/mile across the board. They're also suspending all 401K matching. I know many companies are suspending matching 401K funds (even outside the transportation industry) but this is the first I've heard of dropping pay for OTR drivers.
Swift contends that they're only following a trend in the industry, implying that other carriers have already cut their CPM pay. Any feedback on that? What is your company doing?
__________________
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." - Albert Einstein
|
04-14-2009, 03:12 AM
|
Senior Board Member
Join Date: Sep 2005
Location: Concordville PA
Posts: 3,841
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
belpre is going to have a field day with this post.:lol::lol:
I can see the word COOLIE being used alot. :rofl:
__________________
Truck Driving an occupation consisting of hours of boredom interrupted by sheer terror!!
"All the coolie carriers suck. Log 70, work 80-100, paid for 50." - the Great ColdFrostyMug
|
04-14-2009, 03:39 AM
|
Senior Board Member
Join Date: Oct 2005
Location: Pulling a Tanker for Superior Carriers!!
Posts: 3,000
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
I haven't heard of anyone cutting anyone's CPM....Swift is the first. I guess they want to be the first to screw their drivers in this fashion.
Maybe "Unca Jerry" should cut his pay and benefits instead....and lighten other executives pay packages and stock options as well....
Hmmm, I wonder how many deadbeats, errr, I mean "relatives" he has sucking at the teat as well????
Actually, I'm surprised they didn't give a 1 cpm raise and shave the paid miles on every trip another 5 %......
__________________
Forrest Gump was right....and some people literally strive to prove it.....everyday. Strive not to be one of "them".... And "lemmings" are a dime a dozen!
Remember: The "truth WILL set you free"! If it doesn't "set you free"....."it will trap you in the cesspool of your own design".
They lost my original "avatar"....oh well.
Last edited by Skywalker; 04-14-2009 at 03:42 AM.
|
04-14-2009, 03:46 AM
|
Member
Join Date: Feb 2009
Location: Buckeye Lake, Ohio
Posts: 67
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
First I've heard of anyone cutting pay on existing drivers...I know of several that lowered their starting pay on new hire experienced drivers.
__________________
Bob Bernowski
Buckeye Lake, Ohio
Have a Great Day and Better Tomorrow
|
04-14-2009, 04:45 AM
|
Member
Thread Starter
Join Date: Mar 2008
Location: Henderson, NV
Posts: 61
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Swift is also suspending all bonuses, both for drivers and non-drivers alike, and non-driver employees will be required to take 1 week off without pay in the 2nd quarter. All of these changes will take place on April 27th, which begins Swift's 2nd fiscal quarter.
It would be unfair to omit the statement, by Jerry, that the company intends to reinstate any cuts in CPM, bonuses, etc. and also to try and replace all lost pay with bonuses in the 3rd quarter if freight picks up. If things go really well the company will pay larger bonuses. Not sure who, besides executives, have been getting bonuses lately, but no driver I've talked to has received a production bonus for quite a while.
All of the cost cutting is designed to retain the current non-driver workforce and avoid lay-offs. I can accept all of it on face value if it all goes according to plan and CPM, 401K matching and bonuses are reinstated when business picks up. Yeah, and I believe in Santa Clause and the Tooth Fairy, too.
__________________
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." - Albert Einstein
|
04-14-2009, 07:00 AM
|
Board Regular
Join Date: Apr 2008
Posts: 241
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
So swift drivers get to go from "screwed"to ...what? anyone's guess???I will not see this company for to long in this industry.:thumbsup:
|
04-14-2009, 08:37 AM
|
Rookie
Join Date: Dec 2008
Posts: 31
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Originally Posted by Skywalker
I haven't heard of anyone cutting anyone's CPM....Swift is the first. I guess they want to be the first to screw their drivers in this fashion.
Maybe "Unca Jerry" should cut his pay and benefits instead....and lighten other executives pay packages and stock options as well....
Hmmm, I wonder how many deadbeats, errr, I mean "relatives" he has sucking at the teat as well????
Actually, I'm surprised they didn't give a 1 cpm raise and shave the paid miles on every trip another 5 %......
|
Everyone is cutting pay. If they don't do it directly, they do it indirectly. And new hires (not just at swift) are getting hit rather hard from what starting CPM was 6-months ago.
In case you haven't noticed Mother Superior has whacked accessorial pay.
It's a sucky business. When freight picks up, the trucking companies will start whining to the Gov. about a driver shortage. Stimulus money (and tax credits) will go to training new drivers.
|
04-14-2009, 09:46 AM
|
Member
Join Date: May 2007
Location: nc, close to i-40
Posts: 173
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
What about Crete? I know they used to advertise .41 cpm with one year exp., I called and the recruiter said I would get either .38 or .39 with 2.5 years exp.!!! Still a lot better than .28, or whatever Swift and Werner are paying these days...but it seems they have lowered their pay.
|
04-14-2009, 10:49 AM
|
Water Board Administrator
Senior Board Member
Join Date: Feb 2005
Location: the Buckeye
Posts: 1,732
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
The one's I know about:
Yellow/Roadway 10%
Conway Freight 5% and no 401k match
Fedex Freight no 401k match and no profit sharing
Saia 5% and no 401k match
Ward 8.9%
UPS Freight nothing, we have a contract, but they did freeze salaries for supervisors and eliminate bonuses and 401k match
There's probably more that I dont know about. Not to mention the ones that went out of business.
|
04-14-2009, 02:54 PM
|
Senior Board Member
Join Date: Feb 2008
Location: in bed with your woman
Posts: 1,906
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
jerry is no longer the shot caller. it's richard stockings. at any rate, i'm even more glad i left swift and OTR bullchit driving when i did. things will only get worse. the whole OTR industry needs a massive enema.
|
|
|
|
|