Panther Bought Conway Now??

Dreamer

Administrator Emeritus
Charter Member
>any other topic and this thread would be locked by now

Don't be so quick!

Only if it was off topic or becoming redundant. So far this has been a good, informative discussion with lots of info from all sides.

Thanks to 2millionplus for stepping up!



Dreamer
Forums Administrator


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Ability is what you're capable of doing...
Motivation determines what you do...
Attitude determines how well you do it. (Lou Holtz)
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Jefferson3000

Expert Expediter
I've worked for big companies that were hell on earth, and others that were great. Bigger isn't automatically a sign that things are better. I personally don't think that having less players in the field is going to help things in and of itself.

When you have load networks, everyone helps cover everyone's stuff. A company who wants to play the game doesn't have to start out with a fleet of 1,000 trucks to be able to service their customers. You just have to be willing to outsource and receive outsourcing. What really is an owner operator, but just someone who is being outsourced work by their company?

Drive Safe!

Jeff
 

Truckcop

Expert Expediter
What concerns me is looking at this from a practical point of view.

If Conway Now were running a sufficient number of loads in relation to their fleet unit size, they obviously would not have sold out. So, it may be safe to assume that the number of loads Conway was running, compared to the number of units in the fleet, was a low ratio (loads=units). This ratio apparently was not advantageous enough for them to keep the company.

Now, If Panther II is assuming and absorbing this low ratio (load=units) into the fleet, I do not see any way that the present Panther II contractor will not be affected in an adverse way. Also, it causes even more unease to think that Panther II is not going to retain all of these Conway Now customers, causing the load=units ratio to drop even further. Is this move going to cause Panther II contractors to be sitting longer on layovers? Also, what about the [possibility] that the average Panther II load per unit ratio went from 1.5 loads for every 3 trucks, to 2 or 2.5 loads per every 3 trucks?

On a separate note, what about the fuel surcharges? I have never worked for Conway Now, but I am told that their fuel surcharges are extremely low, averaging in the area of .10 cents per mile. Is Panther II going to tell these new Conway Now customers that they are going to have to pay a higher fuel surcharge to use Panther II? Or are these low fuel surcharges going to be passed on to the contractor?

On a much separate note, I have been told that “N@r#ma*†still owns 25 vans on with PII. And that he is canceling loads already assigned, and is also transferring loads from other cargo vans onto his personally owned vans. If this is happening with vans, is it also happening with straight trucks…? Two separate people have told me that this has occurred, both loads were going to Laredo, TX from Detroit. What about it…?
 

Jacob

Seasoned Expediter
Just my two cents

Regarding the sale of Conway Expedite, I think it was because Conway Brokerage (logistics) was tendered out so much freight from expedite. I know from 6mos ago when I was working at a small expediter company, I had 60-120 expedite specific e-mails come to me daily. Conway chose to focus on the Brokerage operation and thats where many of Conway expedite's personnel went.

I hope the truck-to-load ratio improves. I know a few fleet owners from Conway Expedite who chose not go to to Panther Expedite and are pursuing other opporunities. I hope that evens out the ratio with trucks not coming from Conway Expedite and any who pull from Panther Expedite since the buy-out. With the fuel surcharge, I averaged out a few months of our D Class's FSC earnings and found a penny more from Panther Expedite per mile (Conway Expedite had a flat rate FSC).

I would imagine lowered fuel surcharges would be passed onto the trucks. A negative thing, not doubt. If Panther can service the customers well enough after trial, they may pay graciously.

A concerned, but optimistic owner

Panther #1108*, 1115*, 0538*, newly 3103* (RIP Conway 4961391)
 

davekc

Senior Moderator
Staff member
Fleet Owner
Misconceptions part 3

Conway didn't sell the expedite division on good or bad performance. Their industry numbers were actually pretty good.
They were sold to raise money for there main operation.
They were only a small part of a large company.
That has already been addressed here on EO and by Conway themselves.

There fuel surcharge was a flat rate based on vehicle size.
Not sure on their ending FSC numbers but the straight trucks was higher than 10 cents. Not sure on the vans.

Conway customers using Panther's service will be paying Panther's FSC.

Lastly, when Fenway bought out Panther, any employees with trucks had to sell them or leave employment. That is pretty old news. If unmarked personal trucks were delivering expedite in Laredo, I think you would hear about it from numerous sources.
Since there are no transfer locations down there, how do they get back to Detroit? Deadhead back? It is not likely they are pulling into a shipper unmarked and picking up loads.
I have trucks in Laredo on a constant basis and my drivers have never seen this.
It would seem pretty unprofitable to return empty.
It isn't credible information just on the premise it makes no sense.
Then again, maybe we are doing all of the van pickups with our straight trucks in Laredo and then dividing them in unmarked vans in the Pilot lot for free.
The secrets out
There's my penny in the pond.







Davekc
owner
22 years
PantherII
EO moderator
 

Truckcop

Expert Expediter
Age old tactics of SMOKE SCREEN. If you cannot dispute something with truth or logic “or“ you just don‘t know what you’re talking about, you throw up so much smoke and dust, that you obscure and confuse the point. Who mentioned unmarked vans?

I was merely saying that I have personally spoke with two people that own vans, in separate conversations, that both said that “N@r#ma*†has 25 vans signed on with Panther II and that he diverts loads to those vans. “N@r#ma*†is still working for Panther II, correct?

I know about the other situation were a top dog was told to leave by Fenway. I am told that there was more involved than just his owning of trucks and working for the company; he was a top supervisor with substantial influence over operations.

Anyway, I hope that this acquisition will be beneficial for all. Take care…
 

scootr68

Expert Expediter
>Age old tactics of SMOKE SCREEN. If you cannot dispute
>something with truth or logic “or“ you just don‘t know
>what you’re talking about, you throw up so much smoke and
>dust, that you obscure and confuse the point. Who mentioned
>unmarked vans?
>
>I was merely saying that I have personally spoke with two
>people that own vans, in separate conversations, that both
>said that “N@r#ma*†has 25 vans signed on with Panther
>II and that he diverts loads to those vans. “N@r#ma*†is
>still working for Panther II, correct?
>
>I know about the other situation were a top dog was told to
>leave by Fenway. I am told that there was more involved than
>just his owning of trucks and working for the company; he
>was a top supervisor with substantial influence over
>operations.
>
>Anyway, I hope that this acquisition will be beneficial for
>all. Take care…


I work for Panther...who is "“N@r#ma*â€"???????????????????????? and no,there isn't anymore employee owned equipment whatsoever. That is now policy!
 

davekc

Senior Moderator
Staff member
Fleet Owner
On a much separate note, I have been told that “N@r#ma*†still owns 25 vans on with PII. And that he is canceling loads already assigned, and is also transferring loads from other cargo vans onto his personally owned vans. If this is happening with vans, is it also happening with straight trucks…? Two separate people have told me that this has occurred, both loads were going to Laredo, TX from Detroit.
================================================
It was your post that said "his personally owned vans"
That is exactly how I intrepeted it.
If you brought up anything else it would be a normal transfer if they were Panther marked vans. If it was a single driver and a direct shipment, it was likely too many miles. Seldom would you see a single be required to do a 1500-1600 mile trip straight through. Yes, it could happen on a straight truck if it is the same situation. It can't be legally ran.
Sorry, but I still don't see a smoke screen.
Everything you have said is "someone told you"
Sounds like you just have an axe to grind.

Same question; who is this van owner?











Davekc
owner
22 years
PantherII
EO moderator
 
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