FULL TRUCKER EFFECT
TB Lurker
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If America is still functioning at all , there will be a strong need
for LTL trucking. Con-way Freight is the best company in this
environment to sustain , grow , and profit during this recession. When
you consider all the elements in this business, such as safety,fuel
economy,age of equipment,faster delivery times,and damage claims,Con-
way simply out performs all of its competitors hands down. Con-way is
not perfect, and could still improve its service,but it still remains
the industry leader bar none.
As bigger companies make decisions on their choice of LTL carrier to
ship with, Con-way will expand tremendously over the next 18 months.
There will no doubt be further lay offs and some re-structuring in Con-
way's short term future, but hands down Con-way will remain the best
LTL carrier. One key factor that will drive Con-way's growth and
success is the need for a stable carrier. Lets say you work for a huge
corporation and you are in charge of choosing your main LTL carrier.
Lets also say that this corporation will have upwards of several
million dollars of freight moving at any given time. What would or
could happen if that LTL carrier goes out of business? Sometimes , its
no big deal. There may simply be final deliveries as normal ,then the
doors shut. There could also be total failure of all or part of the
final deliveries. If the bankruptcy courts get involved ,the freight
could be tied up in litigation from days to possibly a year or more.
If you were in charge of several million dollars of freight, would you
feel safe shipping it on a sub-standard cheaper LTL carrier or a
company like YRC that has had its stock fall to $ 1.56 during this
unstable economic environment?
Now with all this in mind , lets say you found a great deal on a
widescreen TV on ebay or an online retailer and you needed it shipped
across the country. Would you feel safe with your TV on a YRC truck
that recently had its stock plummet to $1.56 ?
No matter who you are, a truck driver , a CEO , a day trader, or an
investment broker, these are the simple and plain facts. Try as you
might, you can't find a legitimate argument to any of these points I
have made if you take the time to study the facts.