runawaytrain
Wear their scorn with pride.
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I agree...I may get out of the business myself...got alot of soul searching to do...i have many options...I just need to decide what serves me best
There are a lot of posts on here about the future of Vitran U.S. and who to blame for the companies short comings. Very little is posted about the one constant that has been in control of the company since it came to the U.S. with the purchase of Overland. U.S. LTL Presidents, Reid, Kimack, Kosoveck have come and gone. And, now Mr. Keylon has the reigns.
The fact is Mr. Gaetz has run this company into the ground. In other words, during the companies profitable days, when the stock price was high, with the company achieving record profit levels, very little, if any was reinvested back into the company. How many long time Vitran drivers remember the days when the maintenance shops could not spend any money after the middle of the month because they exceeded the "local" shop budget? Maintenance is just one example. Again, Gaetz invested very little back into Vitran - U.S. LTL. Facilities were allowed to fall apart, equipment was not properly maintained, and nothing was invested into technology. Why is it in 2012 Vitran is just getting hand held devices for the P&D drivers? Almost every other carrier has had this technology since at least 2000 to 2005. Most carriers also have a scanning system on their docks and have had it in place for at least 10 years.
The lack of re-investment into the "organization" during the profitable years is why Vitran is in a fight for it's existence in the U.S ltl market today. Mr. Keylon, can not just focus on turning the company around because he also has to fix a foundation that is falling a part because of a decade and a half of neglect. And he has to figure out how to fix this broken foundation on a very limited budget.
Gaetz never had a "vision" for the future, other than the next quarterly press release, which is why Vitran is where it is today.
My friend " ltl is great " still has the best post that has ever been put on here. LTL is great.....This post says it all about Vitran.....We all have touched on this......Chris Keylon has his job cut out for him.....Gaetz destroyed this company....Good riddance you worthless piece of Sh**.There are a lot of posts on here about the future of Vitran U.S. and who to blame for the companies short comings. Very little is posted about the one constant that has been in control of the company since it came to the U.S. with the purchase of Overland. U.S. LTL Presidents, Reid, Kimack, Kosoveck have come and gone. And, now Mr. Keylon has the reigns.
The fact is Mr. Gaetz has run this company into the ground. In other words, during the companies profitable days, when the stock price was high, with the company achieving record profit levels, very little, if any was reinvested back into the company. How many long time Vitran drivers remember the days when the maintenance shops could not spend any money after the middle of the month because they exceeded the "local" shop budget? Maintenance is just one example. Again, Gaetz invested very little back into Vitran - U.S. LTL. Facilities were allowed to fall apart, equipment was not properly maintained, and nothing was invested into technology. Why is it in 2012 Vitran is just getting hand held devices for the P&D drivers? Almost every other carrier has had this technology since at least 2000 to 2005. Most carriers also have a scanning system on their docks and have had it in place for at least 10 years.
The lack of re-investment into the "organization" during the profitable years is why Vitran is in a fight for it's existence in the U.S ltl market today. Mr. Keylon, can not just focus on turning the company around because he also has to fix a foundation that is falling a part because of a decade and a half of neglect. And he has to figure out how to fix this broken foundation on a very limited budget.
Gaetz never had a "vision" for the future, other than the next quarterly press release, which is why Vitran is where it is today.
Talking to myself again.....Could I be Bi-Polar??? ...Years and Years and Years and Years and Years..and Years of neglect.....Total neglectMy friend " ltl is great " still has the best post that has ever been put on here. LTL is great.....This post says it all about Vitran.....We all have touched on this......Chris Keylon has his job cut out for him.....Gaetz destroyed this company....Good riddance you worthless piece of Sh**.
The fact is that Gaetz lack of vision, has destroyed this companies ability to compete in todays LTL market place. We were built on a foundation of sand. And now it appears without the resources we are destined to fail. And Chris Keylon will be made the scapegoat...Corporate Greed has almost certainly destroyed our future.
Lincoln's road to the White House...Failed in business in 1831..Defeated in Legislature in 1832..Second failure in business in 1833..Suffers nervous breakdown in 1836..Defeated for Speaker in 1838..Defeated for Elector in 1840..Defeated for Congress in 1843.. Defeated for Congress in 1848..Defeated for Senate in 1855.. Defeated for Vice President in 1856..Defeated for Senate in 1858...ELECTED PRESIDENT IN 1860....The secret of success is consistency of purpose...Show me a thoroughly satisfied man, and I will show you a failure...Even a woodpecker owes his success to the fact that he uses his head and keeps pecking away until he finishes the job he starts.
I agree with most everthing except Keylon...I think he is totally dismantling this company to rebuild it by starting over from scratch...Integrating technology, elimination the west, combining certain regions and adding a few terminals in certain areas, maybe even Texas. Vitran has enough money to weather this storm through 2014. It has been a long process that continues. Chris Keylon studied under the best in this industry and knows how to rebuild a truck line. I believe the new man that's now in charge from Conway will help us turn the corner in 2014. I know we differ in our overall philosophy on Keylon. I have been in this industry over 40 years and understand the complex nature of rebuilding a truck line. We are not unlike OD in a lot of respects just 10 years ago. Keylon sliced the U.S. in half.......We now have a good foot print. If we open up Texas a little more we have a good shot of improving the D-FW area and Houston area. These areas have massive untapped potential. The economy is booming here like no place else in the U.S.....Cities like Austin, Lubbock. Tyler, Laredo, El Paso, must be addressed....They need to decide what they want to do about Louisiana....Tough decisions remain. I have not given up on Keylon just yet. You have, and I respect your opinion. I don't see a spin off. But as you have always heard me say.......I have been wrong before.