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TRUCKING STOCKS, THE SNOWBALL IS STARTING

Moot

Moot

Veteran Expediter
Owner/Operator
Your link features the 3rd quarter loses for 3 major national truck-load carriers. None of these carriers owns an expedite freight unit. How are the LTL carriers doing? Especially the ones that own an expedite freight company? If you want to make a comparsion, I think an LTL carrier to an expedite carrier would be more accurate. When truckload freight tonnage and revenue are down LTL tonnage and revenue are usually up. Except in a deep recession. And LTL tonnage and revenue more accurately reflects that of expedite than does nation wide truckload.

I believe in tough economic times LTL and expedite carriers do better because of reduced inventories. Reduced inventories create the perfect climate for a J.I.T. screw up.

When the economy is booming, truckload carriers have the advantage. If things are going really well we don't need no stinking trucks, give us a bunch of rail cars.
 
C

chuckwagon

Seasoned Expediter
You are looking at this all wrong. As the previous post mentioned these numbers share and compare the LTL industry and not the expediting industry , two industries that are similiar but totally seperate from one another.

In addition, it is more the economic forecast failure of these companies which has led to the poor performance of the companies stock itself.

Stock performance is drove heavily by the overall national economic stability and the profit of the company itself. When the company does well on one side of this formula but the other side bottoms out, in this case the national economic stability, the stock prices will fall.

It is more the failure of these companies to properly see the TRUE ON THE STREET economic condition and stability of the country as a whole that has led the stock prices to fall off - more than the actual condition and market of the industry itself.

I also feel that if the LTL industry does indeed see a downturn it will actually assist those of us in the expediting industry.
 
letzrockexpress

letzrockexpress

Veteran Expediter
This industry exists due to human error. We get loads most generally because somebody screwed up. People don't screw up any less when the economy slows down. LTL picks up because often orders are smaller when the economy becomes sluggish. That report is no biggie as far I am concerned.....Oh, and did I mention that my glass is half full??
 
highway star

highway star

Veteran Expediter
Owner/Operator
Sounds like your glass is twice as big as it needs to be.:+

I think people don't make as many mistakes when times are slow. Less production means fewer chances to mess up. It also means less time pressure, more time to make sure everything is right. We do experience pronounced ups and downs in this business.
 
Pilgrim

Pilgrim

Veteran Expediter
Retired Expediter
As much as we hate to admit it, the ground expedite business ebbs and flows with domestic automotive production. When we see GM and Ford cutting jobs and closing plants, ground expedite will slow down as well. Combine this with the fact that there are more players in the expedite business than ever before, meaning there are fewer expedite shipments spread among more providers. This could signal the beginning of a long-overdue shakeout in the industry which will see the less profitable, poorly managed expedite companies either go belly-up or be consumed by a bigger fish (like ConWay Now was by Panther). Now would be a good time to have a serious talk with one's accountant, renew our vows to sound business practices and make sure our carrier is doing likewise. Those companies without a solid and diversified account base could be in for some rough sledding in the first quarter of 2007.
 
J

joebob1_30132

Expert Expediter
Well letsrock kindda..this industry sure relies on the miscalculations of others ... but expiditing started because of the Japanesesseses Those guys started eliminating high inventories, but mainly wharehousing... they had no space and its is more cost effective to to pull things over to order (expedite).. than it is to employ, maintain, warehouses and inventories.... so when friehgliner says it doesnt have a jbasic everyday part to do a simple repair and have to have one shipped at your expense ..they are not only benifitting frome a low inventory ..they are gouging you to have it shipped next day....
 
B

Broompilot

Veteran Expediter
The quote was used "When people screw up" Sir who wrote this, do you really know this industry or just pretend to?

Very few of loads I have carried have been because someone screwed up, quite the contrary they screwed up by using us when it could have gone a less expensive way... The majority of the loads I get are not screw ups one way or another but I have noticed not enough time between production and sale, and or kinda the same in otherwords a sale was sealed and now it is rush to meet the customers needs or deadlines, no product in the store = NO SALE.
 
Tennesseahawk

Tennesseahawk

Veteran Expediter
Did anyone happen to see which three companies are in trouble? Werner, Swift, and JBHunt are the "We Three Kings of Cheap Freight". Maybe, just maybe, some of their customers are getting sick of their attitude of "We'll get it off your dock when and if we get a truck available." Or, maybe some of them left cause they're sick of the accident prone newbies they send thru their puppy farm training courses. Either case it's you reap what you sow; and ppl who care about their freight are actually going with carriers that do as well.

HOORAY FOR THE OWNER OPERATOR!!!

"If I claim to be a wise man, it surely means that I don't know." - Kansas
 
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