Discussion in 'XPO Logistics' started by Dockrock, Apr 13, 2016.
What's the pay scale for new hire full-time dock workers ? What about benefits ?
Here in the Midwest starting pay is 15 something, goes to 16 something after 6 months, 17.23 at a year, 18.35 at two years and 19.71 at 3 years.
So did the Dock Workers get a pay raise when the drivers did?
Yes but just on the top two scales. Raised the top scale by 50 cents.
So the $19.71 and $18.35 used to be $19.21 and $17.85 ?
Top to scales used to be 18.05 and 19.21
So i'm bringing back this thread due to Malt's comment about XPO having the highest pay wage in the country. I'm not sure if that's correct.
Because the location i work at is bleeding out drive's like crazy. In the past 3 week's i believe 7 or 9 have left. Due to the wage and hour's being cut.
I spoke to few of the drive's before they left. Some went to OD and from i was told is paying drive's 30 or a little more
Other's went to Sia and i'm told one guy who left about 3 month's ago is making top wage. which i was told it's 33+ .
When i asked the drive's at XPO they tell me, they get 28+ as top wage.. Not sure if this true. All i know is Management closes the shop at 4 pm and i took a pay cut 4 month's ago.
By the way this location is hiring 6 new driver's (to be schooled)and has posted a hiring banner on a trailer facing the freeway.
If there cutting hour's why hire more drive's??
P.S on friday we updated the vnomics on all the tractor's. Now XPO will be able to make sure you account for every second you guy's are on the road. Or of it...The new system has a better program for tracking.
I think he said we are paid at the higher end of driver pay. He did not say we were the highest.
Elogs are required by law and the system has to meet certain govt regs so getting update is no suprise
Yes, your right he did write high end of drivers pay.
Whoever is supposedly telling you,OD,and Saia are paying 30-33 an hour is feeding you a line...
Even in the more competitive larger markets , do we have drivers topping out at $28 dollars an hour for P&D? ( most road drivers are in the $30'ish range if you did the math - could that be what you meant? )
I would agree with you, I, that road probably does figure around 30ish, but no, not p and d.
OD is around 28 in the Chicago area, probably followed by FedEx , and XPO . But by the time the smoke clears at years end and a guy from every LTL, including us lay down their W-2 next to one another, there will not be a big difference when you figure in paying for insurance, funding your 401 and things like that. The gross money will be fairly close .
Like i said not sure if it is true. One thing they mention is that the companies doesn't pay OT.
The thing that i wonder is why is everyone jumping ship? if it's not due to the wage. Some drive's had been with XPO for 6 or 8 year's.and they just pack up go.
I really think alot of the flight comes from guys just being uneasy about where they work. They have seen all the cutting that has been done to management and they are waiting on the other shoe to drop on driver's. I personally don't have this opinion. This guy is not going to destroy our company intentionally because he wants to have an exit plan. Con-way was fat and no one cared about cost. I believe he is driving home a profit and loss mentality. The one thing that has really been lacking is communication. They've never dealt with truck drivers they were primarily a 3pl before the purchase. I don't think they understood how skittish truck drivers are. We are one of the only industries where you can find another good job pretty easily. So it is easier for us to say screw it I'll try my luck somewhere else. Alot of this could have been avoided with constant communication and direction from upper management.
This means we should be getting a good cola this year. Xpo Logistics Finishes 2016 on a
The logistics company mounted a strong turnaround from year-ago losses.
Feb 21, 2017 at 7:14PM
XPO Logistics (NYSE:XPO) focuses on logistics, but its approach differs from those that many of its peers use. Rather than accentuating one or two key modes of transportation, XPO puts together a much broader range of ways to get things from here to there that opens up markets that other logistics companies can't serve effectively. Coming into Tuesday's fourth-quarter financial report, XPO investors were hoping that the logistics specialist would be able to reverse year-ago losses and enjoy solid revenue growth. XPO's results were even better than many had expected, building some momentum coming into 2017.
Let's take a closer look at XPO Logistics to see how it did and whether it can keep moving forward.
XPO Logistics reaches record heights
XPO Logistics' fourth-quarter results closed a strong year for the company. Revenue was up 10% to $3.68 billion, which was slightly faster than most investors had expected to see from XPO. Even better, net income of $27.3 million was a record result for a fourth-quarter performance, and even after making one-time adjustments, adjusted earnings of $0.24 per share were $0.03 better than the consensus forecast and a dramatic improvement over the loss the company posted in the fourth quarter of 2015.
IMAGE SOURCE: XPO LOGISTICS.
Taking a closer look at the numbers, XPO Logistics enjoyed good performance from both of its main businesses. The transportation segment saw revenue grow by 11% from year-ago levels. The acquisition of Con-way played a slight role, as the previous year's fourth quarter included only two months' worth of Con-way results, but XPO said that organic growth in North America and Europe played a key role, especially given the divestiture of XPO's full truckload unit in North America in October 2016. Rising e-commerce helped send last-mile business higher, and improving operating margin helped produce a 40% rise in pre-tax operating earnings and a solid bottom-line gain.
XPO's logistics business saw only slightly slower growth of 9% in sales. Adverse foreign exchange rates held back growth in the European region, but XPO reported good organic growth both there and in North America. New contracts with e-commerce and cold-chain customers helped the company in Europe, and strength in aerospace and the food and beverage industry helped to offset weaker demand from the automotive sector. Operating income for the unit was up by nearly half from year-ago levels.
CEO Brad Jacobs celebrated the company's performance. "I'm pleased that we delivered record fourth-quarter results for net income, cash flow from operations, adjusted EBITDA, and free cash flow," Jacobs said. The CEO also pointed to last-mile, contract logistics, and less-than-truckload operations in contributing to XPO's overall strength.
Can XPO fly higher?
2017 looks even better in the eyes of XPO Logistics. In Jacobs' words, "We'll get the full 12-month benefit of numerous efficiencies we implemented throughout 2016 in procurement, real estate, back office operations, and workplace technologies." Marketing efforts should also help bolster XPO's business prospects, driving further growth.
Still, XPO has a high hurdle to overcome this year. Investors don't expect to see much top-line growth as the acquisitions that XPO made are now more than a year old, and so any revenue gains will have to come organically. Yet those following XPO believe that it can nearly double its adjusted earnings in 2017 from 2016 levels. With financial targets of adjusted pre-tax operating income of $1.35 billion this year and $1.575 billion in 2018, XPO Logistics is pushing hard to try to satisfy those optimistic expectations among its shareholders.
XPO investors responded favorably to the report, and the stock climbed nearly 4% in after-hours trading on Tuesday afternoon following the announcement. If it can keep taking advantage of favorable conditions and using its competitive advantages effectively, then XPO Logistics could be just beginning to see the improvement in its fundamental business results.
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He's in California. Labor laws are very different. What he says is not a lie. They are no longer allowed to pay by the mile in California either.
We are talking city drivers,aren't we? At least that's the way I read it. Yes,I did see the change for CA. Is that now law?
Lots of drivers are quitting everywhere. Jacobs has no use for us. We are not in his long term plans. If you have a family and you value financial security this is not going to be the place for you moving forward. Even more compounding is that if you want to jump you need to jump quickly so that you are as far ahead of everyone else as possible. So that you move up as many spots as possible in your new company. As soon as Trump got elected there was an up tick in the economy. Companies have been hiring all winter. And now that spring is here they are going to be doing even more hiring and getting aggressive. This is good for drivers as a whole. That there are jobs out there. But it does suck starting over a little bit. At least all this is happening now in a time of strong freight and good jobs.
I'm not the OP. We'd have to ask him. I read that as drivers. Nothing designated what kind.
The health care is crap. You can get this anywhere. There is no retirement. So there is nothing holding you here at all. It's just a paycheck.
So really 6-8 years doesn't amount to much of anything. You can't hold much better than most the new guys and won't be moving up any time soon. The old timers can't afford to retire. Because they had their pension stolen and health care is obscene.
Then throw in about driverless trucks and this guy Jacobs and everything he says. And you ain't gotta be that smart to start checking out your options. Which is good. Cause we ain't that smart. You've seen what gets pulled around into that shop. We ain't gotta tell you.
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