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    • ON: Thu Aug 7th 00:14 AM
      Commented on:
      Offshore Drilling in the Eyes of Presidential Hopefuls
      Wow.. 10 years before any impact on drilling.. what BS..
      no one can estimate how quickly oil will be available from drilling where we KNOW oil is in abundance..

      Wow.. we only have 3% of the worlds oil but use 25%..another BS fact from nowhere... it was thought that Canada only had a small amount of oil.. but oh my.. they discovered an entire wealth of oil in Alberta,,, how about the recent finds in ND & SD.. YOU don't have a clue how much oil is really in and around the US.. govt has prevented the exploration... Jason.. I could care less if you are a demo or Rep.. your stating as facts things no one knows for sure is pure BS! Give the oil companies a chance to drill and watch the world sweat as we supply our own needs and they lose the market..

      Another thought you oil haters forget is how much of it we use for everyday manufacturing.. you have not a clue the impact of no oil.. its not just used for cars! Get a grip .. we need to change the availability not just the demand.. we will still need oil in the next 10 years while you figure out how to replace coal and oil as sources of manufacturing and energy.. wind is only a piece.. solar is only a piece.. do we just keep buying oil at economy ruining prices for next 10 to 15 years while oil is available on our own shores? Obama's favorite phrase... " Yes there will be some pain " . you idiot.. the pain will be 10 times worse in 5 years if we don't drill...

      If it takes 5 years.. I cannot believe it will given no govt or state interference, we will have abundant oil for years while we switch over to whatever new process will save our planet.. while India and China drill offshore 70 miles to take the oil we are too stupid to get ourselves...

      About T Boone Pickens.. he has invested his money in wind.. of course he does not care at all about the money.. he has a lifetime behind him where he was not for anything but himself..now he has the country's interest at heart??? I do like the fact he is pressing for long term solutions.. but don't kid yourself about his motives...
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    • ON: Sun May 18th 08:58 AM
      Commented on:
      Why GE's Selling Its Appliance Division
      Unions are necessary as we all know.. however, their brotherhood creed to protect all workers is faulty.. they demand the company keep employing the deadbeats, the drunks, the habitual tardy.. the worker with the bad attitude that spews poison against the very company they work for. If unions would wake up to the productivity requirements of their employers, more companies would have best in class products and jobs would be saved. GE is a prime example.. a job for life?.. the world has changed, either pull your own weight or you will be on the sidelines crying "Foul.. Foul.."

      Trucking is a leading example.. teamsters still keep the deadbeats and low producers.. it defies common sense.. eventually.. it will change and catch up to the small minded leaders of unions, most who only have a HS education but think they know everything about business. Again, my main point is they fight the companies trying to improve productivity, they keep the deadbeats in jobs.
      Having managed several union and non union trucking companies the past 25 years, and having a deadbeat Bro-in-law regale me with stories how he cheats his employer (Ford) and the company cannot touch him, "he does just enough to get by".. "its not my job".. his venom against his employer.. his job is slowly getting replaced just as in the trucking business.. non union companies now dominate the market. By the way.. I think unions are necessary but need to wake up.
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    • ON: Tue Apr 22nd 22:18 PM
      Commented on:
      Why Aren't Trucking Costs Pushing Prices Up?
      Wonderful article?.. my gasoline has not affected the real costs of inflation either I suppose?

      Your article assumes the profits the truckers generated were not needed or necessary. The employees want pay increases, the health and benefits costs increases, the aging driving force is causing driver shortages, its a lousy job driving over the road for a living, being gone for 5-8 weeks at a time and making $50,000 a year if your lucky, fighting the cars for respect and shippers and receivers who treat drivers like they are non people.

      For most drivers anyway...

      Equipment costs are constantly going up. a tractor today cost closer to $100,000.00 than ever before. They get less fuel mileage thanks to EPA mandates. Trailers are more costly due to braking requirements and safety mandates, all good stuff but who can stay in business if you cannot make a profit?

      Buffett has the final word about trucking.. stay away from companies who have very high equipment costs and have to replace that equipment frequently. He has no airlines except his Jet's for rent.. and has only has rail stocks because they do have an advantage over trucks in some areas and as fuel increases, the rails advantage widens. But only in certain lanes.

      Fuel is averaging over $4.25 a gallon for diesel on both coasts. No one can absorb the costs of fuel and it not show up in the prices at the marketplace. The drivers still want raises, the benefits still go up. Fed Ex and UPS took a 5% price increase. Fed Ex is bleeding red ink due to their LTL Freight President cutting their FSC last fall. What a bonehead move for a guy supposing so smart.. they tell all the costs of fuel is causing them to bleed... HELLO!

      Truckers are slammed by those who never run or worked in a truck. Its very hard work and even the very best trucking companies face enormous challenges brought on by regulation, scale stops by states trying to generate revenue by finding violations that do not exist, driver shortages, fuel at substantial increases between DOE increases eaten by the trucker or driver. New driver rules administering fingerprints and security issues. This is just the tip.

      Capacity is tightening up all across the US. Shippers are having delays finding trucks willing to take loads to destinations where there is no freight to haul back. The fuel costs to deadhead 50 or 100 miles to get a load is now a big issue.

      No my friend, your charts may not show it right now.. but transportation is causing rising prices, fuel and increases in linehaul due to capacity. Be encouraged though, its the slow time of year! Peak is ahead and the summer Olympics are changing the import landscape for the 3rd and 4th quarters. Serious challenges are ahead for us in transportation, and we all will find the inflation costs very real.. its real for some of us right now....

      Disclosure: I own YRCW.. excellent long opportunity.
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    • ON: Fri Mar 21st 22:17 PM
      Commented on:
      Railway Transport: Pullback Fears May Be Over
      Rails have a ever growing moat over highway transport due to the run up in fuel. Combined with the green initiatives of most European companies which always moves to our shores, the advantage of rail vs highway in certain lanes has companies exploring options they scoffed at when fuel was lower. I recently calculated saving over 800 tons of CO 2 for a large shipper utilizing intermodal vs his long standing use of trucks. IM service is within 48 hours of truck service and averages 20% less in costs. Inventory adjustments are not accounted for yet, but the point is well served..rails will gain vs highway for long haul business.
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