Mo money mo problems. J/K
Panther purchased by ABF?
- Thread starter rikd57
- Start date
Mo money mo problems. J/K
PreacherRich
Seasoned Expediter
I worked for them as a seasonal driver. Weighed in at 242 in May by the end of August I was down to 220. Hard working folks there.
zorry
Veteran Expediter
Hard working UNION folks ? Whatcha smokin boy ? You must of imagined it !
The thing is: the UAW and the USW figured Bruno or Turtle couldn't open a steel mill or an auto factory. With no competition " back in the day" they took advantage of the situation.
The Teamsters knew that Bruno or Turtle could buy trucks and undercut the rates . So they never got really out of control.
My father owned a union company that I worked for. Good ,hardworking folks. Not counting retirement , he would lose maybe one driver everyother year.
His wages were high. His profits were high. It was a win- win,
The thing is: the UAW and the USW figured Bruno or Turtle couldn't open a steel mill or an auto factory. With no competition " back in the day" they took advantage of the situation.
The Teamsters knew that Bruno or Turtle could buy trucks and undercut the rates . So they never got really out of control.
My father owned a union company that I worked for. Good ,hardworking folks. Not counting retirement , he would lose maybe one driver everyother year.
His wages were high. His profits were high. It was a win- win,
There was a union Expedite Company at one time. It was called TNT Olex which is now called TST Expedited Services. I had a truck leased on with them back in 1996. The drivers in Canada was the union part of the company then. Did it help them? I don't think so. The teamsters could care less about the O/O and just want company drivers. You said you worked for you father company that had union drivers. What happened to the company if I may ask?
Deville
Not a Member
I was surprised that it went for $180 million. But as someone said earlier, ABF basicaly bought a business model.
I think from a corperate stand point this will be good for ABF's bottom line. Expanded customer base, more freight options for the customer to choose from. It keeps everything in house.
As far as the IC goes, & I witnesed this first had at FDCC when FDX purchased Watkins the FDCC IC lost a lot of buisiness to freight & National at the time. Things have seemed to clam down somewhat, or maybe it's that we have adjusted, but FEDEX's purchase of Watkins was the day our rates took a nose dive.
I suspect Panther drivers will see somthing similar.
I also see a nice little price war that's going to develop between ABF/Panther & FDX/FDCC. That's never good for the IC. Rates could get slashed even more than the avg $.85 a mile Straight's & Van's see now. Strap in folks, it's could get ugly.
On an off topic note; what ever happened to UPS's big venture into expediting. They were hot & heavy for about 3 months than it seemd to die like it never existed. Anyone have info on that?
I think from a corperate stand point this will be good for ABF's bottom line. Expanded customer base, more freight options for the customer to choose from. It keeps everything in house.
As far as the IC goes, & I witnesed this first had at FDCC when FDX purchased Watkins the FDCC IC lost a lot of buisiness to freight & National at the time. Things have seemed to clam down somewhat, or maybe it's that we have adjusted, but FEDEX's purchase of Watkins was the day our rates took a nose dive.
I suspect Panther drivers will see somthing similar.
I also see a nice little price war that's going to develop between ABF/Panther & FDX/FDCC. That's never good for the IC. Rates could get slashed even more than the avg $.85 a mile Straight's & Van's see now. Strap in folks, it's could get ugly.
On an off topic note; what ever happened to UPS's big venture into expediting. They were hot & heavy for about 3 months than it seemd to die like it never existed. Anyone have info on that?
Deville
Not a Member
I can vouch for this persoanlly. i worked for UPS for about 3 years, inside the building loading & unloading trucks & driving. Tough labor intensive work with terrible bosses that always demand more & make you pay if you don't give it to them. It's a lousy job with good pay & great bennies. For me, I wanted more out of my life than just punching a clock & having multiple supervisors breathing down my neck so I went another way.
Why doesn't your "bigger picture and longer time frame" include the fact that the largest expedite carrier at the time was a subsidiary of a large LTL carrier? An expedite company that went by the name of Roberts Express was once a subsidiary of Roadway Services. Also during that time frame Con-Way Now was a subsidiary of Con-Way Transportation Services. Emery Airfreight had an expedite division and at one time Emery was a subsidiary of Consyphilated Freightways.
Just looking at the big picture and longer time frame.
Good points from an even bigger picture and even longer time frame. Thank you.
zorry
Veteran Expediter
Bruno, company was doing well. Father had a blood vessel burst in his brain.I had left a few years earlier when my step-sister went into dispatch instead of me.
When he returned to work he gave the drivers a very nice severance package and sold off the assets.
He recovered,collected his Teamster pension about 12 years.
We buried him in May.
When he returned to work he gave the drivers a very nice severance package and sold off the assets.
He recovered,collected his Teamster pension about 12 years.
We buried him in May.
It may matter in the long run as in making managing decisions by listening what we are saying about expediting. Like the show on tv, Undercover Boss, get out there and be one of the employees where the rubber truly meets the load in vans and straightrucks. Some parkinglot fun in the sun for 5 days in Laredo for starters in a van for example comes to mind. IMHO
You're welcome! Just pointing out that LTL carriers owning Expedite companies isn't a recent phenomenon.
I don't know about ABF reading this stuff, but the NSA certainly does.
Darmstadter
Veteran Expediter
LOL - In that case, plutonium.
You guys got it all wrong. NSA is not tasked with reading trucking forums, CIA is. 
Yea, the CIA can find out where the lotlizzards are so they can have their next party with the president, lmao. U know how important it is for that kind of entertainmentYou guys got it all wrong. NSA is not tasked with reading trucking forums, CIA is.
Yea, the CIA can find out where the lotlizzards are so they can have their next party with the president, lmao. U know how important it is for that kind of entertainment
LOL! Close but no cookie. NSA finds the drugs, CIA reads the forums and the Secret Service finds the lot lizards. It's very difficult to keep a president happy these days.