ODFL | Are the Congdon's pulling out on managing the company?

as an example i clocked in at 830 this morning, after waiting 15 minutes for my bills, I walked to my trailer and checked the load manifest and found I lacked one delivery. I stopped a dock worker on a forklift and had him scan the pro and found it was on a trailer shown as being unloaded. I then walked to that trailer to find the door up and nothing unloaded and no one unloading it. Long story short I left the gate at 10am . The problems may not be at every terminal, but they are at mine. My loaded trailer was 50 per cent full and had one delivery that was in another route's area. It was 20 miles out of my area. My first stop was 15 miles from the terminal and my second was 45 miles from there(the out of route freight)(that route was still sitting at the dock when I left) and my third stop was 20 miles north of that one. By this time it was 1245. Such very good production numbers and it happens all the time. But our terminal O R numbers are near the top of our region and for the life of me I can not figure out how.

That kind of stuff will happen in every service center in the company...no way every day is like that.

Also -- every S/C has a great OR (as does the company) because we have one of the smartest pricing minds in the industry as VP. An OR is simple... cost divided by revenue -- so as long as the freight is priced right it will operate well. Little hiccups like this, or delays on the road, and whether the dock runs 3 bills/hr or 4....these are all little drops in the bucket which don't add up to much impact. OD manages yield like no other...we know what it costs to haul each account specifically. Other carriers do not...at least not to the extent that OD does. We need to keep giving that premier service...let the folks at corporate worry about the OR...and innovate in the terminals to remove excess waste and unnecessary work. That's how we will continue to improve.
 
Seeing more & more concerns from drivers lately that this place is slowly coming under control of management from other carriers drivers hated to work for. What are Dave & Earl's current oversight in the company nowadays? Didn't Dave give his position away to someone else a few months ago?

Either way, it's becoming very evident this place is more about numbers than the people being OD.
Dude the company is on the Nasdaq stock exchange, they gave up the the right to run the company on there own, there are people that they have to report to, the numbers are what counts when u go on the stock market, people didn't just give him all that money to do as they please, they have to file sec anytime the do some like try and take / sell some stock to get money.. The only reason they are number one is cause of the stock price, they haven't actually made a lot of money, just a lot of people are betting that they might one day make some... Duh!!!!!
 
Dude the company is on the Nasdaq stock exchange, they gave up the the right to run the company on there own, there are people that they have to report to, the numbers are what counts when u go on the stock market, people didn't just give him all that money to do as they please, they have to file sec anytime the do some like try and take / sell some stock to get money.. The only reason they are number one is cause of the stock price, they haven't actually made a lot of money, just a lot of people are betting that they might one day make some... Duh!!!!!

Your first couple sentences are correct...

We have made a :shit:load of money...that's why we drive new trucks, MFS got a brand new barn, and all the other big terminals are getting 100 doors added on. It's not imaginary play money. An 82 OR on almost $3 billion in revenue is some serious profit.
 
Ur funny, if od made 540 mill in profit they would not need to have to borrow stock money to expand, only co in the world of freight that makes that kind of profit is ups, u are no where nere being in that class
 
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Buying low and selling high. Is the only way to make money off od stock, they don't or can't or of ford to pay dividends
 
Butthead does have a point! If it weren't for going public OD would've barely made it across the Mississippi. All this buying and adding on betting the house that we'll keep growing is going to come home to roost with one good hard Obama recession before he leaves office. Bet this outfit is just a memory 10 years from now!

If we were just rolling in the dough, I say fork up that OT to all my brothers across the country who don't live in Washington where the state requires OD to pay us after 40! You should see how fast corporate has us rushed out the door when we get close to that 40 mark now that freight has died off. Tight Wads!
 
It's just the opposite, there are so many Congdon family members I heard the board told them to stop promoting family. Megan Yowell, Mark and Matt Penly, Chris Harrell are all "Congdon". I think there are more but not sure. Hell, if he had another daughter I would marry her! Would be nice to marry my way into a director seat!! Not sure what Megan will do, pretty clear that VP roles at OD are reserved for white males.
Ohhhh Myyyy, can you spell A.C.L.U. ( lol)
 
Butthead does have a point! If it weren't for going public OD would've barely made it across the Mississippi. All this buying and adding on betting the house that we'll keep growing is going to come home to roost with one good hard Obama recession before he leaves office. Bet this outfit is just a memory 10 years from now!

If we were just rolling in the dough, I say fork up that OT to all my brothers across the country who don't live in Washington where the state requires OD to pay us after 40! You should see how fast corporate has us rushed out the door when we get close to that 40 mark now that freight has died off. Tight Wads!
I've been gone 15 yrs they have come a long way.The place was a joke when I left high claims low pay crappy insurance.Glad for you guys they figured things out.
 
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