https://www.freightwaves.com/news/b...1TAv0-DKslAvZjB52M_TE4EKwWuq9beHJG3tIiDx562b0
So, here's something we should all be concerned about. This must have been in the works for a long time, because Mr. Jacobs has been preparing to match his rates and prevent him from getting a leg up in the market. Jacobs spent 3 billion on this company and I doubt he's willing to let Amazon swallow up market share. That may be why we are seeing sub service instead of line haul, last mile handling all residential deliveries. Why pay 28.00 per hour when you can get it done for 12.00. Hours cut and over time cut. Labor is the largest cost for any company and decimating labor costs will give him the ability to match Amazons rates, at least in the short term. Neither can operate at a loss forever, but if they hold out long enough, every LTL carrier will have to follow suit and transition into the Ceva model. For the record, this is just my humble opinion. But it is food for thought.