If you want to make really crappy money and waste your time, go work for...
#11
04-18-2010, 03:07 AM
Economy? Come back? Don't hold your breath. Go back to Swift if you have to.
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#12
04-18-2010, 05:35 AM
knight is undercutting swift and taking many of their old customer base here in the west. the fact that i don't even see as many swift trucks out and about tells me something is horribly wrong at that company. seems like mr. stocking is running the company into the ground faster than cunningham ever was. chit man, i'm around the corner from their sumner yard and it's somewhat empty in there. i mean, you can actually pull into there right now (2233pst) and find a legit parking stall.
#13
04-18-2010, 08:00 PM
Take that 430.76 Divide that by 60/hrs a week thats 7.17/hr give or take. Man that is bad when you look at it like that. You gotta run.
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Truck Driving an occupation consisting of hours of boredom interrupted by sheer terror!! "All the coolie carriers suck. Log 70, work 80-100, paid for 50." - the Great ColdFrostyMug 
#14
04-19-2010, 02:03 PM
Senior Board Member
Join Date: Aug 2006
Location: SW Desert, nowhere else man!!
Posts: 641
knight is undercutting swift and taking many of their old customer base here in the west. the fact that i don't even see as many swift trucks out and about tells me something is horribly wrong at that company. seems like mr. stocking is running the company into the ground faster than cunningham ever was. chit man, i'm around the corner from their sumner yard and it's somewhat empty in there. i mean, you can actually pull into there right now (2233pst) and find a legit parking stall. Beggars can't be choosers in my case.
#15
04-23-2010, 03:34 AM
God, I'm ashamed that I used to defend them! I mean 3.5 years ago they didn't seem that bad, but then again I had a dedicated run so it was hard for them to screw it up. Nowadays I don't even know that company anymore! I've heard them called"the Red Swift". Good luck Guys on finding better work! Can't imagine going back to OTR, just seems like you guys are getting screwed worse than ever
#16
04-30-2010, 02:17 PM
Knight in Shining Armor?
Skimping on the maintenance is the dangerous part. It reduces expenses in the short term, but does not save money. Eventually that fix it work needs to get done or else the expensive problems start increasing, such as DOT shut downs, larger problems developing putting the truck on the side of the road, then comes the late load costs.
When companies undercut, they cut their own throats.
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#17
04-30-2010, 09:30 PM
knight's upper management seems to be bailing out. there might be another "arrow" fixin' to happen....
source article can be read HERE.
All stock sells from the higher ups has to be recorded on the exchanges.
Vice Chairman of Knight Transportation Inc. (KNX) L Randy Knight sells 31,165 shares of KNX on 04/27/2010 at an average price of $22.06 a share. Knight Transportation Inc. has a market cap of $1.77 billion; its shares were traded at around $21.24 with a P/E ratio of 34.3 and P/S ratio of 2.7. The dividend yield of Knight Transportation Inc. stocks is 0.9%. Knight Transportation Inc. had an annual average earning growth of 12.8% over the past 10 years. GuruFocus rated Knight Transportation Inc. the business predictability rank of 2-star. KNX is in the portfolios of First Pacific Advisors of First Pacific Advisors, LLC, Manning & Napier Advisors, Inc, Manning & Napier Advisors, Inc, Chuck Royce of Royce& Associates. CEO Recent Trades: Sell:: CEO Kevin P Knight sold 300,000 shares of KNX stock on 03/10/2010 at the average price of 20.79, the price of the stock has increased by 2.16% since. CFO Recent Trades: Sell:: CFO David A Jackson sold 15,788 shares of KNX stock on 02/22/2010 at the average price of 19.27, the price of the stock has increased by 10.22% since. Directors and Officers Recent Trades: Sell:: Vice Chairman L Randy Knight sold 69,483 shares of KNX stock on 03/12/2010 at the average price of 21.01, the price of the stock has increased by 1.09% since. Sell:: Pres. Knight Brokerage, LLC Greg Ritter sold 2,000 shares of KNX stock on 03/10/2010 at the average price of 20.84, the price of the stock has increased by 1.92% since. Sell:: Vice Chairman L Randy Knight sold 500,000 shares of KNX stock on 03/08/2010 at the average price of 20.08, the price of the stock has increased by 5.78% since. Sell:: Controller Steve Collins sold 1,200 shares of KNX stock on 03/01/2010 at the average price of 20.08, the price of the stock has increased by 5.78% since. Sell:: Pres. Knight Refrigerated, LLC Erick Kutter sold 11,814 shares of KNX stock on 02/24/2010 at the average price of 19.25, the price of the stock has increased by 10.34% since. |
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