Former Swift chief bids to take fleet...

Former Swift chief bids to take fleet private

There are 24 comments on the Todaystrucking.com story from Nov 7, 2006, titled Former Swift chief bids to take fleet private. In it, Todaystrucking.com reports that:

The former owner of the second-largest truckload carrier in North America is offering $2.17 billion to take back the company he founded.

Join the discussion below, or Read more at Todaystrucking.com.

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mee

Lancaster, PA

#1 Nov 11, 2006
this would be the best move for the company, I hope the offer is approved and the process to make the chance moves fast..
Voice of Experience

Richardson, TX

#2 Nov 22, 2006
Even a casual observer can see that Swift is losing both customers and drivers at a rapid rate. The stock went up because operating expenses were cut to the bone. Profit sharing ended, stock options became unavailable for all but the highest paid execs. Incentives were removed for drivers, and the million dollar giveaway was looked upon a a joke by the few drivers in the industry that were aware of its existence. Morale us at an all time low, and investors need to quickly understand the wisdom of acceptance of the Moyes offer.

The last time the union tried to get Moyes removed, their publication that was designed to be an expose drove the stock price up by about $3. They don't want him back because they have a poor track record in attempting to defeat him.

Thirty-three dollar lightening is not likely to strike twice with current management. Misdirection has gone on too long, and the reputation of this transport behemoth has suffered enough.

Take Moyes money and RUN!
Watching and Waiting

United States

#3 Nov 22, 2006
Well said Voice of Experience. You are right on the mark in every word. We are all watching and waiting with anticipation.
TEMP -------deetee

United States

#4 Nov 29, 2006
I think all this so freaken crazy if he messed up before what makes you all think he is gonna do any better next time . You all needed to look long and hard at what's happen to the people that work for this company. Some good thing's have happen then other bad thing's have happen like planning dept tooken away people like me a temp had to be let go after months of hard.
waiting for now

United States

#5 Nov 29, 2006
Yes we all wonder what's what gonna happen. Are are jobs safe or do we need to run now .Yes so many thing's have happen over that past couple of year's and you kinda go with the flow and kinda of watch to see you alaways keep you ear's to the wall. It does hurt to see good people leave after all they have done but you just hope that people have noticed and they try to help to bring back those good people. If this is ment for jerry to take it all back hopefullyt it's done right and we can keep are cutomer's and are driver and are employee's all very happy and safe and have this company make wonderful strid's
cant say Ill lose my job

Corona Del Mar, CA

#6 Jan 1, 2007
Am I the only one that has noticed that stock prices for swift are going down faster than a date on prom nite??? HMMM wonder if BIG CEO is somehow doing this on pourpose. So he can buy his piss poor company back. I can tell you first hand there is a lot of no revenue loads going on.(DEADHEADING) And business has dropped off the table compared to last year. This just cant be legal for all the poor stock holders.
Watching and Waiting wrote:
Well said Voice of Experience. You are right on the mark in every word. We are all watching and waiting with anticipation.
from the inside

Corona Del Mar, CA

#7 Jan 1, 2007
considering that cunningham just got a purported $480,000 annual bonus (immediately following which the entire eden terminal crew lost their jobs...you're a mean one, mr. grinch) this would seem to beg the question, which "BIG CEO" is trying to ruin this company...after all, there's only ONE ceo that can currently make any decisions concerning swift, cunningham.
eden driver

Starke, FL

#8 Jan 3, 2007
i have been with swift for 15 years and i can see truly that i have never seen it this bad before and the million dollar give away was a joke what have you done` for the drivers who have been there as long as i have with a spotless record and logged over 1.5 millon miles safely
SDR
fl pride

Thibodaux, LA

#9 Mar 4, 2007
Voice of Experience wrote:
Even a casual observer can see that Swift is losing both customers and drivers at a rapid rate. The stock went up because operating expenses were cut to the bone. Profit sharing ended, stock options became unavailable for all but the highest paid execs. Incentives were removed for drivers, and the million dollar giveaway was looked upon a a joke by the few drivers in the industry that were aware of its existence. Morale us at an all time low, and investors need to quickly understand the wisdom of acceptance of the Moyes offer.
The last time the union tried to get Moyes removed, their publication that was designed to be an expose drove the stock price up by about $3. They don't want him back because they have a poor track record in attempting to defeat him.
Thirty-three dollar lightening is not likely to strike twice with current management. Misdirection has gone on too long, and the reputation of this transport behemoth has suffered enough.
Take Moyes money and RUN!
right on the money. the million dollar give away was going to the highest mileage driver so those of us that run compliant wouldnt have a chance to even get the $10,000 give away much less the 1million. i hope jerry does get the company private and gets us the help we need back at the terminals. we cant do it by ourselves we need dms tms shop personell onroad and the ects.
fl pride

Thibodaux, LA

#10 Mar 4, 2007
TEMP -------deetee wrote:
I think all this so freaken crazy if he messed up before what makes you all think he is gonna do any better next time . You all needed to look long and hard at what's happen to the people that work for this company. Some good thing's have happen then other bad thing's have happen like planning dept tooken away people like me a temp had to be let go after months of hard.
no joke alot of people got laid offthats what were talking about bob took over and then the layoffs started to make the company look better on the books now we have skeleton crews at all the terminals.3-4 day waits to get a b service done on the tractors at most terminals.thats money out of our pockets your pockets and the companies.
fl pride

Thibodaux, LA

#11 Mar 4, 2007
thats exactly what were talking about the layoffs (skeleton crews at the terminals)
just my opinion

Thibodaux, LA

#12 Mar 4, 2007
swift needs to wake up and smell the coffee if it keeps going bobs going to finish running us in to the ground and well all be out of a job. maybe mike and jerry can get together and straighten out this mess bobby boys poor leadership put us in.to make his pockets full hes taken it out of my pocket and yours too.

Since: Apr 07

United States

#13 Apr 2, 2007
well i wouldnt work for swift in the first place but they do need to do something with that company they have the highest turn over rate i wouldnt work at swift if they payed 100$ a mile they have to much of a bad reputation and they hire anybody and ther not to swift either theyl run u off the road slow wagon in fast traffic there governed at 55mph
from inside

Corona Del Mar, CA

#14 Apr 4, 2007
blake pool wrote:
well i wouldnt work for swift in the first place but they do need to do something with that company they have the highest turn over rate i wouldnt work at swift if they payed 100$ a mile they have to much of a bad reputation and they hire anybody and ther not to swift either theyl run u off the road slow wagon in fast traffic there governed at 55mph
Blake you obviously don't know what your talking about. Swift is governed at 65 not 55. Swift is a good company to work for.
just my opinion

Athens, TN

#15 Apr 22, 2007
blake pool wrote:
well i wouldnt work for swift in the first place but they do need to do something with that company they have the highest turn over rate i wouldnt work at swift if they payed 100$ a mile they have to much of a bad reputation and they hire anybody and ther not to swift either theyl run u off the road slow wagon in fast traffic there governed at 55mph
its 65 but thats still too slow for out west and its hard to keep drivers when your the nations largest.people look at all the wrecks swift has but out of 22,000 trks how many is acceptable
mpo

Easley, SC

#16 May 10, 2007
Swift was a well balanced company in the late '90'S. It has slowly dwendled down to do as much as you can with as little as you can. The turnover rate is till astronomically high and drivers are not held accountable for their actions. That is why our tractors and trailers stay in the shops more than they are on the road.
Other companies hold drivers to a higher standard. Besides aren't these drivers supposed to be professionals? I hope to see Jerry turn it around and run the way he originally invisioned in 1966. I think it may take a few years to do so but hopefully it take a turn for the better, atleast maybe for all those who have stuck with the company through all its hardships and has always been faithful to it. What about thes people? These are the ones that should be getting some sort of incentive not the corporate shaft...
mpo

Easley, SC

#17 May 10, 2007
eden driver wrote:
i have been with swift for 15 years and i can see truly that i have never seen it this bad before and the million dollar give away was a joke what have you done` for the drivers who have been there as long as i have with a spotless record and logged over 1.5 millon miles safely
SDR
Not to toot my own whistle, but that is all I hear is drivers this and drivers that. What about the mechanics? All drivers with the exception of a few come to one of our repair facilities and expect to get in out because they are under a load. If you know the shops are backed up then communicate with your DM and let them know that you will need more than an hour to get your truck serviced. The average b-pm takes approximately two hours. Then if you have repairs on top of that add more time to that. So the wy I see it, unless the driver wants to slip seat trucks, which a couple of our terminals have gone to that, then get rid of the load before coming in for repairs. Besides Swift employs 17,000 drivers. I am sure ther is someone to take the load and get it delivered on time were ever it may be going. Getting yor truck/trailer repaired is kind of like driving. If you take a few minutes and plan it out the shop process will be transistionless. Just imagine if everytime something went wrong with your truck or trailer you had to take it to adealership instead of a Swift repair facility? Do you think they would care about the load? Probably not, because freight does not pay their bills. Your truck or trailer needing repairs pays there way and there not going to go the extra mile to get you in and out ASAP just so your load gets delivered on time. So you know the manpower issues forthcoming, so why give the shops a hardtime because someone is not waiting on you at the gate when you arrive in need of repairs. Remember Swift owns 17,000 trucks and three times as many trailers, with the reputataion the company drivers already have I doubt very seriously yours is not the only in need of repairs. So the next time your truck or trailer is in need of repairs and you come to a shop facility under a load give a little courtesy to the men and women who get your unit repaired as soon as humanly possible and gets you back on the road. Besides the layed off terminal and shop personnel not drivers, which in my opinion should have been done the other way around. I am sure the trucks and trailers are worth more sitting doing nothing than they are wrecked in a salvage yard on insurance hold...
mpo

Easley, SC

#18 May 11, 2007
It has not been twenty four hours and the company has already gone to shit. The drivers are more welcome than ever to technicians locker rooms and break areas. Noone wants to hear a driver complain about how long it takes to get repairs made while trying to eat lunch on their on-time. We do have to clock out for lunch you know. I think I just may quit since the driver means so much more than the people who keep the trucks going. I am not saying we are more important and I know it is a transportation company and the money is made from moving freight but I think we all ought to be treated equally. Everyone is a team player and without one there is no need for the other. I am sorry but Jerry Moyes ought to see this plane and simple. If the drivers are so important why did you implement shops across the country? Why not let freight brokers do it all and see how that works for you? Once again let the repairs go to a Freightliner or Volvo dealer everytime something goes wrong and see how "I am under a hot load works for you". Drivers have no respect for other employees aqnd they think they are the only ones that matter. I do not think that is fare. If jerry wanted a driver kiss ass company than he should have never created the shops, csr's, dm's, tm;s, and other personell.

Since: Apr 07

United States

#19 May 25, 2007
well from inside u dont no shit from apple butter swift has the highest turn over rate ever you go work for them making 50.000 a year
mpo

Greenville, SC

#20 Jul 1, 2007
Well once again the company is going to hell in handbasket. Swift layed everyone off and then the people got better jobs and recruited the ones that did not get the shaft. Swift gives out annually raises every September, well that is if you call fifty cent a raise. Meanwhile the price of gas has doubled and Swift still thinks they are competing with everyone else. It is tested and tried, the only way to get a good raise at Swift is threaten to quit. Then they more money than you can shake a stick at because people are not exactly beating the door down to get a job. Swift uses a so called training program called the "M packet folder" it is supposed to get you signed off on things as you do them in order to move up a level in the shops. At the same time you are getting paid on your "M level" but are doing work your not getting paid to do because all technicians are handed jobs to do from begginer level to top experince. This is a crock of shit. If you would like to see what I can do then get your head out of your ass and pay attention. Reveiw RO's and look at what your people are doing and pay them according to that. I wonder if I go to a job interview and show them my "M level" packet from Swift if it will get me more money than what I am making at Swift? I doubt it very seriously because other employers look at something else when they hire you. It is called experience, and they pay you according to that. This is just another way Swift can hold you back and keep from having to be competitive with others. Other trucking companies have there own shops and do less than Swift does as far as maintenance and on average pay three to five more dollars on the hour. DOE. Why do you think I got the hell out while I could, and now that there is more money out there everyone else is falling off like flies. Guess that applebutter is not so bad now.

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