Bulldog

Why Watching Bankruptcies Can Help Stock Performance

First of all let me correct you again. A driver under the FMSCA can drive for 11 hours and rest for 10. What the problem is the dispatcher and the warehouse which love to play games with the drivers and burn their on-duty drving and on-duty not driver time. The other thing is there are numerous companies out their i.e. ESTES Express Lines of Richmond NC which are independ owned and does not have any share holders. It is all family owned and supported. They are buying out other companies and expanding. Cheap freight haulers. They will screw they whole networking system. JB Hunt, Schidner, Stevens Transport, Swift, to name a few. They hire rookie drivers, drivers from foreign countries and pay them nothing to start. All t he good experienced drivers go elsewhere. Now you have freight damage which leads to freight claims. This leads to companies dying, due to not being able to make any profit because they haul the freight to cheap to begin with and leave their drivers hanging. Mostly at truckstops or terminals. Then you have the NAFTA drivers. That's a whole different story. Need to say anymore? I can argue all day with you on this and you'll never win. Trucking comapnies are a high risk stock. Look at Central Freight Lines of Waco, Texas. Family owned. When the old man pasted away and the kids took over, it was over. It was just a matter of time, and like all the other companies which are privately owned. It is just a matter of time. The writing is on the wall. I won't invest in any of the trucking companies. "No profit and extremely high risk!" But, then again it is your money. So, do what you want with it. The rail is quicker and faster. But, you really need to know the operation of transportation. I do because I had worked in this field and read for over 25 years, I understand it and know it well. They may receive and move the freight, but, again how long does it sit in a yard before it is moved again and delivered on-time and in one piece? Risky stock!