Discussion in 'ABF Freight System' started by 6PakAbs, Feb 15, 2017.
why is OD's stock 3 times more than ABF's? Just curious...
Because they don't pay overtime lol
If your investing money in the stock market and are looking for safe investments OD is a pretty safe bet. No red ink and low operating ratios all look good to investors. ABF had 5 or 6 years of losses pre 2014 contract. We would of been a good buy in 2013 cause our stock skyrocketed in 2014 after our "great contract".
ABF stock has dipped to $4.00 or so more than once during contract negotiations. If you have the stomach for it get ready and dive in.
I know it. I wish I would have maxed my credit cards out buying stock when it was that low. I'd be a thousandair by now! Lol.
Because OD can move more than U packs.
They don't pay into dividends hard to make money off them I think they just recently increased rates but not enough to make a difference.
OD does not pay 35,000.00 per employee per year before the first dime in wages for pension fund & Medical. 35 grand a year * 7,000.00 rank & file is a large bucket of scratch. Hence your reason for the difference in stock price.
Yes they do. They pay 10 cents on 3-20-17. Granted ABF is paying 8 cent per share. There is a list of divided payouts.
Good one, hotrodd! You're right on the money there! We died off only a little on U-Packs over the winter this year. Don't look now, but here comes the 2017 U-Pack season!
Both companies have the same type of equipment. So both outfits can haul what the other does. Both have pups, 53ft boxes & flatbeds. It is just a matter of how they want to run their corporation. von.
dont forget, the upack revenue is not on abf freights books
Maybe not, but it's in the Teamsters books.
Where do they hide the rev. at?
It's under ABC Corporation. A grievance was filed on the contractually illegal shifting of the revenue to evade paying bonuses but our POS union refused to process the grievance. I wouldn't advocate signing up with the teamsters for anybody.
It's all in 'The Fort'. Oops..I misspelled that...The FART.
Oops .... Old Dominion.
and thereyou have it
exactly, except they call it arc best. if it were on our books, we'd be operating in the 80's. it could be worse, at least they're reinvesting back into the company
Ya need to qualify that last sentence. NON-UNION company. von.
No Flatbed's at OD.