lookout big cat peeps ..what will "brown do for yo

ATeam

Senior Member
Retired Expediter
RE: lookout big cat peeps ..what will

>"Tennesseahawk,
>Cut-throat price competition and low balling is a constant
>theme with you. If expediters have nothing but lower rates
>to look forward to, what keeps you in the business?"
>
>Rose colored bull excrement and self-gratification is a
>constant theme with you, so what's your point?

It's not a point I was making. It was a question I raised. Now that I understand that your preoccupation with competitive forces lowering prices is based on a desire to be prepared for the lean times, the question is answered.

What some people call rose colored, I call maintaining a positive point of view or looking on the bright side. It is a proven strategy with proven results. Kindly note that it is not a strategy of looking only on one side of a situation, it is taking in all sides and then focusing more on the bright side. The bright side is where energy flows and solutions are found.

Maybe the
>fact that me and others who see the business from a
>different view than you do... ie, your qualcomm, are more
>interested in the inner workings than just a "do a load,
>collect a paycheck" attitude.

My do a load, collect a paycheck attidude? Is that not partly what this business is about? Now, for us to do a load, it must meet our minimum pay per all miles (rare exceptions are made). We do all loads while providing excellent service to our carrier and customers. But at bottom, what is expediting if not doing loads and collecting pay? Do not most expediters have that view?

Does that scare you, Phil?

After several months of industry research and nearly four years on the road of expediting there is very little that scares me about this business. Two things that do are a loss of health that would take us out of the life and work and a serious accident that might do the same.

>Does it go against your core Phil-osophy? Maybe by saying
>some scary stuff (facts) would make ppl really look
>seriously at this biz before they did something they'd truly
>regret... like being talked into buying an expensive toybox.

Nobody talked us into buying an expensive toy box. That was a decision we made entirely on our own. It is a decision that has produced zero regrets and one we would make again.

>What keeps me in this business is the goal of carving out my
>own niche, and to put food on the table for my wife and
>kids.

Finally, the simple answer to the question first asked. That alone would have sufficed for a reply.

The fact that I know what's happening helps me evolve,
>hoping to overcome the things that I believe will happen.
>It's been said before that the strong get thru the lean
>years of expediting even stronger. I'm working toward being
>strong, so I too will survive.

Good for you. Personal growth is always a worthy goal.

>Knowing what MAY come makes one more capable if it happens.
>If FXCC folded tomorrow, I'd hate to see how you handle it.
>Rosey pictures don't make truck payments.

Last time I checked, money makes truck payments. From the day our truck loan started, every time one truck payment was due, we made two. Now that our down payment is close to being restored to our cash reserves, we will soon be making three truck payments every time one is due, and a little later on, after other financial goals are achieved, that number will increase to four. The entire time, we have maintained our retirement planning focus and contributed money to retirement funds as well.

Well ahead of schedule, our truck payments will disappear. Savings to pay cash for our next truck will accelerate, as well contributions to retirement funds. You might know more about the real world of expediting than we do, but as expediters, we are happy in the life and work and well on the way to achieving all of our financial goals.

If FedEx folded tomorrow, we have numerous other options inside and outside of expediting. If expediting freight slowed to a trickle for an extended period of time, we would be hauling expeditied freight long after you have moved on to greener pastures. Truck debt is an issue for us not because it puts us under financial strain, but because we hate being in debt for anything.

THawk,

Just because you are out there working to put food on your family's table and preparing for the worst, it does not mean that other people with other points of view cannot be having the time of their lives out there, making good money, and also stashing a good chunk away to see them through the bad times too. What might be a catostrophic crash for some may be a minor bump in the road for others.
 

fortwayne

Not a Member
RE: lookout big cat peeps ..what will

Moot -
You said,"Investment groups such as Fenway buy and sell companies," but you are in some degree wrong in your statement.
Groups like Fenway tend to keep their invested companies private, which those assets are in turn used for investment in other target companies.
The funds provided by Fenway are also used to develop new services, products and technologies, to expand working capital, or as I said to make acquisitions.
And by looking at their site you will see that Fenway has a practice of establishing a stable financial platform with a strong equity base and a conservative capital structure which allows companies the flexibility to aggressively pursue long-term strategic plans and finance add-on acquisitions, as well as the capacity to withstand competitive pressures and economic downturns.
Also, Fenway has a long history of working in the transportation industry, In fact, when Fenway Partners made their ties with Panther it was the firm's Sixth in the Transportation/Logistics Sector.
The firm's largest transportation and logistics platform, Transport Industries Holdings Inc., is comprised of three primary businesses: Transport Industries, a leading provider of dedicated contract carriage services to the food, beverage & retail segments; Total Distribution, a full-service warehousing and logistics provider with a presence throughout the Western U.S.; and American Trans-Freight, the fifth-largest non-asset based truckload carrier with attractive one-way transportation service capabilities. TIH is one of the largest private third party logistics providers in North America.
So it is my thought with this history within the industry there is no interest financially to sell off Panther, rather there would be an interest to absorb another company within the claws of the big cat.
(parts of this notice taken directly from the Fenway site in order not to mislead anyone.)

Fort Wayne
Boycott The Flyless J!
 

RichM

Veteran Expediter
Charter Member
RE: lookout big cat peeps ..what will

Hmm MOOTS Express,nice easy sound to it,not too much expensive logos
required,easy to remember phone number,call 1-800-123- MOOT.

When you make the plunge let me know as I WANT IN.
 

Moot

Veteran Expediter
Owner/Operator
RE: lookout big cat peeps ..what will

>Moot -
>You said,"Investment groups such as Fenway buy and sell
>companies," but you are in some degree wrong in your
>statement.

FtWayne, I am in some degree wrong in everything I think, do and say. I once had a eldery woman in a nursing home tell me I was a degree off. Is this a quark splitting contest?


>Also, Fenway has a long history of working in the
>transportation industry,


My quick reading showed Fenway being founded in 1994. And serious entry into the transportation sector with the purchase of Great Wide Logistics in 2000. "Long history" I guess is a relative term.



If Fenway is serious I would love to see them invest a meager amount of money into improving day to day operations. Upgrading the QC and telephone systems. Hiring more and full time dispatchers. Little things like that.

Rich it would be great to have you aboard! I could use your experience and expertise. Do you think we could haul the first shipment in that fancy Mack?

Ftwayne, maybe you could author the prospectus, mission statement and home page propaganda.

Wow! This could be fun and profitable.
 

Tennesseahawk

Veteran Expediter
RE: lookout big cat peeps ..what will

Bravo! Once again the magician baffles us with rose-colored smoke and mirrors and a few Abracadabras. However, you can't fool all of the ppl. And what you spoke of here - only time will tell "which is right, and which IS an illusion."

-Vampire Super Slooth Trucker!!!
 

fortwayne

Not a Member
RE: lookout big cat peeps ..what will

WOW - this turn into a disagreement with someone with some thoughts of his own to a discussion with a someone who has nothing left to offer but a failed comic act.
TIME TO LOCK THIS THREAD!

Fort Wayne
Boycott The Flyless J!
 

greg334

Veteran Expediter
RE: lookout big cat peeps ..what will

Well in my opinion, Moot is right on.

Why?

We are not privy to the board room and seeing some things that are mentioned here as things that may stop the sale of Panther, I can simply say with experience and confidence that it is all about money, nothing else. If the price is right, is can be sold.
 

Tennesseahawk

Veteran Expediter
RE: lookout big cat peeps ..what will

FtWayne... relax, chill, breathe. Let the mods mod. They have a little experience with dead threads. I see this one still breathing. One failed comic does not a thread kill. :)

Moot... I see you as a failed comic only to those with no sense of humor. ;)

-Vampire Super Slooth Trucker!!!
 

tec1959

Expert Expediter
RE: lookout big cat peeps ..what will

Well heck I'm sorry but I don't know where this thread Is going NEXT...
 

greg334

Veteran Expediter
RE: lookout big cat peeps ..what will

"Moot... I see you as a failed comic only to those with no sense of humor."

T-Hawk, is this a failure to inspire or communicate?
 

Tennesseahawk

Veteran Expediter
RE: lookout big cat peeps ..what will

No... it's a statement that no comic is funny to someone with no sense of humor. Like sum a dem truckers on da seebee. :p

-Vampire Super Slooth Trucker!!!
 

joebob1_30132

Expert Expediter
RE: lookout big cat peeps ..what will

GREG fed ex dude it is all about money..Thats why they are here and we are here... to make money..unfortunatley The money I get to play with is small in comparison to what the big boys play with ..I have lincoln logs and the big boys get to play with the ultra cool erecror sets...
The whole thread has been good,...I really love the smash mouth posts... You cant go wrong with learning about..the business we are in ..ahe!! (I speak fluent canadian in case I get trapped behind enemy lines ...oh golly ..did I just say that).. This industry is changing and the more we know ..the more we can work the system to our advantage..instead of it working us....
 

ATeam

Senior Member
Retired Expediter
RE: lookout big cat peeps ..what will

>Bravo! Once again the magician baffles us with rose-colored
>smoke and mirrors and a few Abracadabras. However, you can't
>fool all of the ppl. And what you spoke of here - only time
>will tell "which is right, and which IS an illusion."
>
>-Vampire Super Slooth Trucker!!!

No THawk. Time will not tell and no time needs to pass to determine the truth. Expediting success is an objectively quantifiable result. Items like run journals, settlements, bank balances, time in service, acceptance rate, pay per mile, balance sheets, income statements, net profits after taxes, and the amount and rate at which such numbers change over the last year or two or three are all indicators of success in expediting. And better still, they are indicators that can be examined by a neutral third party or parties who can determine which one of us has the stronger case and which is blowing smoke.

No need to talk about fooling the people. No appeals to magic are required. No need to get into namby-pampy, non-quantifiable comparisons of feeding the family or spending quality time with one's wife on the road, or which one of us enjoys a sunset more. "Abracadabra" does not cut it THawk. Let's let the numbers do the talking.

Anytime you wish, THawk, I will happily pay any accountant you and I can both agree on, or we can split the cost to make sure I have no undue influence over the CPA, to review the numbers and determine who is who is most likely to successfully weather a hypotheticical industry or economic downturn that will reduce the price of freight to $0.75 a mile and the number of loads to three a month for a full year. If confidentiality is an issue for you, we can instruct the CPA to keep our numbers confidential from each other. I will expect the accountant to have trucking expertise and I will expect you to provide backup data so the accountant can know your numbers are telling the truth.

I'll even level the playing field and instruct the accountant to exclude every penny of assets we had when we entered the business and use only the income and credit we used since entering the business.

Are you up to that, THawk? Or can EO readers continue to expect your ongoing anti-ATeam drivel that relies not on facts but on personal insults that you have no desire to rise above?

In other words, THawk. Put up or shut up.

I'm serious. Let's do this and do it soon. If it is so important to you to prove that your business views are so much more right than mine, you should have no problem agreeing to my offer. It does not have to cost you a dime and your information will remain confidential between you and the CPA we can both agree on.
 

Tennesseahawk

Veteran Expediter
RE: lookout big cat peeps ..what will

TOOT TOOT!

Put up or shut up? Maybe you should think before you speak. You opened this can of worms called 'anti-Ateam drivel', not I.

-Vampire Super Slooth Trucker!!!
 

ATeam

Senior Member
Retired Expediter
RE: lookout big cat peeps ..what will

>TOOT TOOT!
>
>Put up or shut up? Maybe you should think before you speak.
>You opened this can of worms called 'anti-Ateam drivel', not
>I.
>
>-Vampire Super Slooth Trucker!!!

ATeam offers. Tennesseahawk evades. That says it all.
 

greg334

Veteran Expediter
RE: lookout big cat peeps ..what will

"I speak fluent canadian in case I get trapped behind enemy lines ...oh golly ..did I just say that"

Yes foot guy, I too speak canadian just in case...:p

"This industry is changing and the more we know ..the more we can work the system to our advantage..instead of it working us..."

Well as someone famous said to me (no not Phil... sorry for that Phil)

"by the time you figure out what is going on, you've wasted the effort because it just changed anyway" - in this case everything changes daily.
 

Tennesseahawk

Veteran Expediter
RE: lookout big cat peeps ..what will

Every man has a place, in his heart theres a space,
And the world cant erase his fantasies
Take a ride in the sky, on our ship fantasii
All your dreams will come true, right away


-Vampire Super Slooth Trucker!!!
 

grog111

Seasoned Expediter
RE: lookout big cat peeps ..what will

HA! Caliber systems. That's who owned viking, RPS and robert's. I knew it would come to me....eventually.I wonder if that iceland fish oil really work's? Anyway, being competitive + brand name = money. I'm sure the bean counter's at UPS are looking at every angle. And i'm sure stomping out the compitition is part of the angle. Crushing panther would take time...but it could be done....but why take the time when you could just aquire them. UPS would love to crush Fed-ex into non existence. That's why they got into the over-night game. They already had a lock on ground shipment's. They want to be the one call we do it all company. Shipper's love that kind of thing! Bean counter's do too! They bargain the rate's, get deffered billing letting them keep thier millions in intrest earning account's, it's perfect' ecspecially with major world wide corporation's. Look, who do the big guy's wanna deal with, "Billyjoebob's trucking" or a major player, come on, that UPS symbol hold's a lot of clout! I don't think any of the smaller trucking company's...Tri-state, bolt or nation's have the capacity that UPS want's or need's to dominate. And trust me, that's what they want to do. Dominate!
 

tec1959

Expert Expediter
RE: lookout big cat peeps ..what will

Hi all well as far I see It UPS and FedEx both want to be like Walmart they want to own everything In the shipping business,Each one would really like to see the other out of the way.Also UPS has the UPS stores and FedEX CC has Kinko's so I see them fighting for the same dollars...
 

greg334

Veteran Expediter
RE: lookout big cat peeps ..what will

You know that if any of the UPS vs. FedEx would be anywhere close to true, then it would have happened a long time ago.

Working in a rather large company and knowing how they think, the words "competition is good for the company" holds true when you get to that size. Both UPS and FedEx can do a lot of things but putting an effort into destroying each other is not in their future.

But with that said, I understand from my consulting years that UPS is not all that stupid but rather may have overlooked the expedting market, it has happened before in other companies (like my former employer) and will happen again.

From my point of view, panther has no brand in comparison (UPS has been around since 1907 in one form or another and FedEx since 1971) and has no real reserve of funds to actually grow - hence the reason to go public. But in fact if UPS ever got serious about this niche market or if FedEx wanted to do any agressive growth, they could both easily do so and take Panther off the radar. This has to do with OVM's statement of revenue of $163M and a net of $3M, too tight for any real fight against a fortune 100 company.
 
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