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Posted: 2/13/2019 9:36:55 AM EDT
[#1]
Quote HistoryQuoted: Depends on market circumstances when it was signed, and how much bigger the job could get was hinted at by Amazon. Look at the cities giving the store away for HQ2. Business fundamentals (not a thing with politicians anyway) go out the window. Trump won, the economy took off and suddenly NEMF can't find or afford drivers to meet new demand. I mean seriously... |
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Posted: 2/13/2019 9:37:50 AM EDT
[#2]
Quote HistoryQuoted:
Prime is about to go up another $20! 
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Posted: 2/13/2019 9:45:36 AM EDT
[#3]
Quote HistoryQuoted:
Someone should tell all those fired HuffPo bloggers to “learn to |
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Posted: 2/13/2019 9:53:25 AM EDT
[#4]
Quote HistoryQuoted:
I think the daughter of the owner was boinking Paul McCartney. Not the circle-walker. His next babe. I worked for them , bunch of ass holes !! |
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Posted: 2/13/2019 10:02:22 AM EDT
[#5]
I worked for a company in the past that did a similar stunt to get a contract with Bank of America. We could claim them as a customer and lost money on the whole thing for 3 years.
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Posted: 2/13/2019 10:05:20 AM EDT
[#6]
Quote HistoryQuoted:
Any deal with Amazon is a deal with the devil Good thing this website is hosted with them |
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Posted: 2/13/2019 10:09:42 AM EDT
[#7]
Customer concentration risk is a thing.
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Posted: 2/13/2019 10:10:38 AM EDT
[#8]
Quote HistoryQuoted:
Amazon could buy the outfit, but since dick pix Bezos is such a tightwad, he'll farm it out to indies. The local delivery rrucks around my parts are clapped out Sprinters piloted by sketchy characters. Lowest possible cost delivery. If Prime starts missing their delivery promises, could be ripe for a big class action. Quote HistoryQuoted:
Quoted:
Sounds like it was their own doing signing on with Amazon at rates that were not sustainable. I know several folks who won't go anywhere near a Amazon Prime trailer. |
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Posted: 2/13/2019 10:10:50 AM EDT
[#9]
Quote HistoryQuoted: people would be shocked how many times this happens. "Fuck those lawyers, I'm not paying them $1000 to read a $10M bet-the-company contract!" Then when the lawyers say, "you fucked up, you should have run this by me first," the CEO whines about "make it go away, Nice Lawyer!!" Then when the lawyer says "it's a rock-solid contract, you fucked up by signing it, I cannot make this go away," the CEO somehow tries to make that the lawyer's fault.  |
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Posted: 2/13/2019 10:11:34 AM EDT
[#10]
Playing devils advocate, isn't it easy to blame amazon and using any excuse for bankruptcy protection?
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Posted: 2/13/2019 10:14:00 AM EDT
[#11]
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Posted: 2/13/2019 10:17:31 AM EDT
[#12]
Quote HistoryQuoted:
Her name is Nancy shevel, and they are married . I worked for them , bunch of ass holes !! .jpg)
After possible rebuilding... 
Curtsying? Pooping? Not sure... 
Probably drove the company to the edge buying shoes, then Amazon finished the job... |
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Posted: 2/13/2019 10:18:36 AM EDT
[#13]
Better to rely on pennies and nickels from a lot of customers - than dollars from just one or two.
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Posted: 2/13/2019 10:22:18 AM EDT
[#14]
Quote HistoryQuoted:
Better to rely on pennies and nickels from a lot of customers - than dollars from just one or two. |
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Posted: 2/13/2019 10:30:40 AM EDT
[#15]
Quote HistoryQuoted: people would be shocked how many times this happens. "Fuck those lawyers, I'm not paying them $1000 to read a $10M bet-the-company contract!" Then when the lawyers say, "you fucked up, you should have run this by me first," the CEO whines about "make it go away, Nice Lawyer!!" Then when the lawyer says "it's a rock-solid contract, you fucked up by signing it, I cannot make this go away," the CEO somehow tries to make that the lawyer's fault. 
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Posted: 2/13/2019 10:34:00 AM EDT
[#16]
Quote HistoryQuoted:
From the actual link, it appears it is going to shit down. 
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Posted: 2/13/2019 10:35:27 AM EDT
[#17]
Quote HistoryQuoted:
This is some bizarro world stuff. If supply in that market is so tight, shouldn't NEMF have been in the proverbial driver seat to charge prices that reflect it? It makes absolutely no sense for a company to lose money and go under in a market where there is more demand for their product than the market can supply. Quote HistoryQuoted:
While industry watchers knew NEMF was having problems, no one had anticipated a bankruptcy filing and a subsequent shutdown. What’s more, LTL capacity is currently so tight that it will be impossible to efficiently absorb all of NEMF’s volumes at prices that shippers have been accustomed to, said Satish Jindel, who heads consultancy ShipMatrix and is familiar with NEMF’s operations. “There isn’t enough supply in the market to handle this,” he said in an interview late today. It makes absolutely no sense for a company to lose money and go under in a market where there is more demand for their product than the market can supply. |
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Posted: 2/13/2019 10:36:04 AM EDT
[#18]
Quote HistoryQuoted:
Customer concentration risk is a thing. All so he could buy riding stables and a jockey husband for his otherwise unweddable offspring. 
A hedge fund (Manticore) brought him in to "fix" CSX for $208 million. He cooked books, fired thousands, bulldozed yards, alienated customers and drove the stock up. Now after limits expire, the hedge fund that put him in is quietly unloading the stock as fast as they can. |
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Posted: 2/13/2019 10:40:09 AM EDT
[#19]
Quote HistoryQuoted:
A previous employer got in bed with customer who the Walmart of the industry. Horrible margins, constant demands for price reductions, nonstop bckcharges, contract violations, never ending emergency meetings, etc. All that shiny volume wasn’t worth it and end in end that former employer went under because of it. Quote HistoryQuoted:
Quoted:
I've read that something sort of similar happens to Walmart suppliers. Mt. Olive was featured in a story in particular. All that shiny volume wasn’t worth it and end in end that former employer went under because of it. |
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Posted: 2/13/2019 10:42:25 AM EDT
[#20]
This thread sounds like the lefties complaining about Walmart 20 years ago.
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Posted: 2/13/2019 10:46:03 AM EDT
[#21]
Quote HistoryQuoted:
I worked for a company in the past that did a similar stunt to get a contract with Bank of America. We could claim them as a customer and lost money on the whole thing for 3 years. |
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Posted: 2/13/2019 10:46:58 AM EDT
[#22]
Amazon harmes every other business out there and uses the money to fund anti freedom causes. Yet the arfcom website promotes amazon with links to get a small kick back.
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Posted: 2/13/2019 10:48:55 AM EDT
[#23]
Quote HistoryQuoted:
Better to rely on pennies and nickels from a lot of customers - than dollars from just one or two. |
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Posted: 2/13/2019 10:53:03 AM EDT
[#24]
Quote HistoryQuoted:
Prime is about to go up another $20! |
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Posted: 2/13/2019 10:55:56 AM EDT
[#25]
Quote HistoryQuoted:
Plenty of 'Amazon drivers ' have very sketchy pasts.
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Posted: 2/13/2019 10:58:39 AM EDT
[#26]
Meh.
One door closes, another opens. 
"Don't you worry your pretty little head, me and my extended family will save you". |
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Posted: 2/13/2019 11:06:39 AM EDT
[#27]
Quote HistoryQuoted: The same thing happens with suppliers to auto companies and other large companies like Walmart. Once you start dealing with them they start to suck up all of your capacity until you drop all of your other work/customers. Once they get you to that point they start beating you down on cost and you have no choice but to go along since you told all of your other customers to get lost. Coke and beer went to you couldn’t deliver to distributors if more than half your revenue came from them. |
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Posted: 2/13/2019 11:07:42 AM EDT
[#28]
I use the shit out of Amazon, but a lot of their suppliers are taking it in the ass.
I recently ordered a $25, 40lb item. Shipped free. No way anyone made money on that except Amazon and FedEx. I work and live 5 minutes from both IAH and an Amazon distribution center. I see Amazon Prime trucks and Amazon Prime 767 airplanes all day long. No wonder Bezos is worth fuck-you money.  Attached File |
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Posted: 2/13/2019 11:08:45 AM EDT
[#29]
Quote HistoryQuoted:
The CEO also tied to a couple of other trucking companies and according to the NEMF wiki he has mob ties. |
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Posted: 2/13/2019 11:14:35 AM EDT
[#30]
There are retards everywhere. Especially in management.
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Posted: 2/13/2019 11:24:49 AM EDT
[#31]
Quote HistoryQuoted:
Plenty of 'Amazon drivers ' have very sketchy pasts. Quote HistoryQuoted:
Quoted:
Quoted:
Sounds like it was their own doing signing on with Amazon at rates that were not sustainable. I know several folks who won't go anywhere near a Amazon Prime trailer. Remember when that Walmart driver hit Tracy Morgan? I bet that was a nice pay day |
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Posted: 2/13/2019 12:18:47 PM EDT
[#32]
Quote HistoryQuoted:
people would be shocked how many times this happens. "Fuck those lawyers, I'm not paying them $1000 to read a $10M bet-the-company contract!" Then when the lawyers say, "you fucked up, you should have run this by me first," the CEO whines about "make it go away, Nice Lawyer!!" Then when the lawyer says "it's a rock-solid contract, you fucked up by signing it, I cannot make this go away," the CEO somehow tries to make that the lawyer's fault. Quote HistoryQuoted:
Quoted:
They probably signed a shitty contract. CEO was likely not dumb, probably just too greedy to trust them and not have some sharp lawyers or SMEs go over the contract with a fine toothed comb. Likewise the resistance from across the table when you tell them you are going to hand it to the attorneys do their job. “We need to move fast...” “We can work it out...” .... |
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Posted: 2/13/2019 12:32:11 PM EDT
[#33]
Quote HistoryQuoted:
I once had a boss who liked to say "never ask an attorney how to do something, tell them what you are going to do and make them find a way to make it work". You can imagine how that all worked out for him. And, yes, he blamed the fuck out of the lawyers when it all blew up. Quote HistoryQuoted:
Quoted: people would be shocked how many times this happens. "Fuck those lawyers, I'm not paying them $1000 to read a $10M bet-the-company contract!" Then when the lawyers say, "you fucked up, you should have run this by me first," the CEO whines about "make it go away, Nice Lawyer!!" Then when the lawyer says "it's a rock-solid contract, you fucked up by signing it, I cannot make this go away," the CEO somehow tries to make that the lawyer's fault. Example: in the military, a commander says "JAG, I want to court-martial this guy!!" A good JAG officer says: "no you don't. You want to achieve a specific outcome, but you're confusing outcome with process. Tell me what outcome you want, and I will advise you about the processes to get that outcome. Do you want him jailed as a public spectacle to deter others, do you want him punished then rehabilitated, do you want him gone from the unit immediately, or something else? The first requires a court-martial, the second can be done via NJP or other means, the third will NEVER happen in a court-martial but can be done administratively, etc." BAD lawyers are just Doctor No. Example: Boss: "I want to fire this shitty employee." Bad Lawyer: "No, you cannot do that, she's black female, you'll get sued." A good lawyer would explain how to fire the employee in a manner that sets the boss up to win that inevitable lawsuit. @happycynic amirite? |
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Posted: 2/13/2019 12:47:45 PM EDT
[#34]
Quote HistoryQuoted:
Here's where the nation's worst truck bottlenecks are: https://www.bulktransporter.com/sites/bulktransporter.com/files/ATRI%20trucking%20bottlenecks%20graphic%20-%20Copy%20-%20sized_0.png @Gene5 that look about right? Any others care to add thoughts? Who is gonna pick up the slack? Isn't there a big driver shortage anyway? |
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Posted: 2/13/2019 12:50:52 PM EDT
[#35]
NEW ENGLAND MOTHER FUCKERS
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Posted: 2/13/2019 12:56:33 PM EDT
[#36]
Quote HistoryQuoted:
A previous employer got in bed with customer who the Walmart of the industry. Horrible margins, constant demands for price reductions, nonstop bckcharges, contract violations, never ending emergency meetings, etc. All that shiny volume wasn't worth it and end in end that former employer went under because of it. Quote HistoryQuoted:
Quoted:
I've read that something sort of similar happens to Walmart suppliers. Mt. Olive was featured in a story in particular. All that shiny volume wasn't worth it and end in end that former employer went under because of it. Then the 800lb gorillas come in and buy up a bunch of the companies and then raise prices. It's funny how the same song and dance get's repeated in so many industries. 
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Posted: 2/13/2019 1:24:14 PM EDT
[#37]
Quote HistoryQuoted:
Amazon harmes every other business out there and uses the money to fund anti freedom causes. Yet the arfcom website promotes amazon with links to get a small kick back. |
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Posted: 2/13/2019 1:34:56 PM EDT
[#38]
Quoted:
Funny URL to boot: https://www.freightwaves.com/news/ltl-nemf-to-shit-down-after-filing Truck traffic in the NE is gonna get interesting... |
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Posted: 2/13/2019 2:06:01 PM EDT
[#39]
Quote HistoryQuoted:
What was the outfit that closed up shop a few years back with equipment and freight still on the road? Arrow was a nationwide flatbed operation and left a bunch of trucks and drivers scattered all over the country. There were lots of wild stories about Arrow drivers selling all the gear off their rigs and then turning their rigs in at designated dealerships for $50 and a bus ticket home. Some of those drivers made more than their average weekly pay selling the tarps, chains, binders and straps during "auctions" at various truck stops. And then there were those stories about Arrow trucks dropped off at truck stops near the Canadian border that suddenly disappeared, last seen heading north. |
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Posted: 2/13/2019 2:07:59 PM EDT
[#40]
Quote HistoryQuoted:
Consolidated I think. |
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Posted: 2/13/2019 2:13:13 PM EDT
[#41]
Quote HistoryQuoted:
And the CEO is old, tired of NJ weather, and the family owns all the property to be sold for a nice chunk of change. Trucking companies always seem like a hard sell to me... none have any "good will", why buy an existing company if you could just move into the market at a much cheaper up front price, without the headaches of legacy contracts and employees. |
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Posted: 2/13/2019 2:18:23 PM EDT
[#42]
Quote HistoryQuoted: The same thing happens with suppliers to auto companies and other large companies like Walmart. Once you start dealing with them they start to suck up all of your capacity until you drop all of your other work/customers. Once they get you to that point they start beating you down on cost and you have no choice but to go along since you told all of your other customers to get lost. |
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Posted: 2/13/2019 2:20:56 PM EDT
[#43]
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Posted: 2/13/2019 2:30:43 PM EDT
[#44]
Quote HistoryQuoted:
Unions? |
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Posted: 2/13/2019 2:34:43 PM EDT
[#45]
Quote HistoryQuoted:
there is some wisdom in what your old boss said, but it has its limits. It really requires a good attorney to counsel the client to figure out what the client really wants. Example: in the military, a commander says "JAG, I want to court-martial this guy!!" A good JAG officer says: "no you don't. You want to achieve a specific outcome, but you're confusing outcome with process. Tell me what outcome you want, and I will advise you about the processes to get that outcome. Do you want him jailed as a public spectacle to deter others, do you want him punished then rehabilitated, do you want him gone from the unit immediately, or something else? The first requires a court-martial, the second can be done via NJP or other means, the third will NEVER happen in a court-martial but can be done administratively, etc." BAD lawyers are just Doctor No. Example: Boss: "I want to fire this shitty employee." Bad Lawyer: "No, you cannot do that, she's black female, you'll get sued." A good lawyer would explain how to fire the employee in a manner that sets the boss up to win that inevitable lawsuit. @happycynic amirite? Quote HistoryQuoted:
Quoted:
Quoted: people would be shocked how many times this happens. "Fuck those lawyers, I'm not paying them $1000 to read a $10M bet-the-company contract!" Then when the lawyers say, "you fucked up, you should have run this by me first," the CEO whines about "make it go away, Nice Lawyer!!" Then when the lawyer says "it's a rock-solid contract, you fucked up by signing it, I cannot make this go away," the CEO somehow tries to make that the lawyer's fault. Example: in the military, a commander says "JAG, I want to court-martial this guy!!" A good JAG officer says: "no you don't. You want to achieve a specific outcome, but you're confusing outcome with process. Tell me what outcome you want, and I will advise you about the processes to get that outcome. Do you want him jailed as a public spectacle to deter others, do you want him punished then rehabilitated, do you want him gone from the unit immediately, or something else? The first requires a court-martial, the second can be done via NJP or other means, the third will NEVER happen in a court-martial but can be done administratively, etc." BAD lawyers are just Doctor No. Example: Boss: "I want to fire this shitty employee." Bad Lawyer: "No, you cannot do that, she's black female, you'll get sued." A good lawyer would explain how to fire the employee in a manner that sets the boss up to win that inevitable lawsuit. @happycynic amirite? All good points, BUT, your intentions/execution are everything in those scenarios. This particular guy looked at the attorneys with utter contempt, he never viewed them as counsel or listened to what they said unless it was what he wanted to hear. His way was right, everybody else was wrong, if you know what I mean. It became an almost adversarial relationship. Predictable results ensued. |
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Posted: 2/13/2019 2:36:08 PM EDT
[#46]
Quote HistoryQuoted:
BAD lawyers are just Doctor No. Example: Boss: "I want to fire this shitty employee." Bad Lawyer: "No, you cannot do that, she's black female, you'll get sued." A good lawyer would explain how to fire the employee in a manner that sets the boss up to win that inevitable lawsuit. @happycynic amirite? Employer: "I want to do a RIF because some guy I golf with is a consultant who knows nothing about my industry but he has a powerpoint saying I should change everything." Lawyer: "If you fire a black employee here is your risk of a Title VII suit. If you fire a disabled person here is the risk of an ADA suit. If you fire ancient Myrna, here is the risk of an ADEA suit. If you fire a white guy under 40, pretty much no risk of a suit. Now remember, you must make this decision without regard to race, gender, disability, age, etc." 1 week later, white guys gets pink slips. But wait, there's more. Part Deux. Employer: "OMG. Nothing gets done and everything is a disaster. We're going to fire all the dead weight and hire a bunch of college students." Lawyer: "All your dead weight is covered by anti-discrimination laws. Do what you need to do, but remember what I told you the last time." 1 week later, all dead weight fired and replaced by 25 year old white males. But wait, there's more. Part Three. Employer: "OMG. These legal fees are outrageous!" Lawyer: "You now have 87 federal anti-discrimination lawsuits and don't want to settle any of them." Employer: "But it's soooo much money!" Lawyer [thinking to himself]: "Well, go ask your consultant friend. You paid him three times my bills up front for the powerpoint which caused all of this." Lawyer [what he actually says]: "Yes. It is soooo unfair. You should call your Congressman and ask for some tort reform." The ride never ends. Part Four Employer: "I now have an insurance policy which covers virtually every stupid thing I do." Lawyer: "Great. I need approval to travel to Washington DC for a hearing." Insurance Adjuster: "OMG. This is outrageous. Why do you need to do that?" Lawyer: "Because a federal judge said so. It's literally malpractice not to go." Insurance Adjuster: "I'll pay for 1/2 hour." Lawyer: "Fuck this. I'm leaving the profession/joining the plaintiff's bar." Insurance Adjuster: "Why do we keep losing cases? We need tort reform!" |
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Posted: 2/13/2019 2:37:14 PM EDT
[#47]
Quote HistoryQuoted: This is some bizarro world stuff. If supply in that market is so tight, shouldn't NEMF have been in the proverbial driver seat to charge prices that reflect it? It makes absolutely no sense for a company to lose money and go under in a market where there is more demand for their product than the market can supply. Low ball goods or services long enough to bankrupt your competition If profitable buy the scraps Raise prices to whatever the market will bare once you’re the only game in town. |
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Posted: 2/13/2019 2:41:39 PM EDT
[#48]
Quote HistoryQuoted:
Well, that's how it's supposed to work. In reality it is more like this. Employer: "I want to do a RIF because some guy I golf with is a consultant who knows nothing about my industry but he has a powerpoint saying I should change everything." Lawyer: "If you fire a black employee here is your risk of a Title VII suit. If you fire a disabled person here is the risk of an ADA suit. If you fire ancient Myrna, here is the risk of an ADEA suit. If you fire a white guy under 40, pretty much no risk of a suit. Now remember, you must make this decision without regard to race, gender, disability, age, etc." 1 week later, white guys gets pink slips. But wait, there's more. Part Deux. Employer: "OMG. Nothing gets done and everything is a disaster. We're going to fire all the dead weight and hire a bunch of college students." Lawyer: "All your dead weight is covered by anti-discrimination laws. Do what you need to do, but remember what I told you the last time." 1 week later, all dead weight fired and replaced by 25 year old white males. But wait, there's more. Part Three. Employer: "OMG. These legal fees are outrageous!" Lawyer: "You now have 87 federal anti-discrimination lawsuits and don't want to settle any of them." Employer: "But it's soooo much money!" Lawyer [thinking to himself]: "Well, go ask your consultant friend. You paid him three times my bills up front for the powerpoint which caused all of this." Lawyer [what he actually says]: "Yes. It is soooo unfair. You should call your Congressman and ask for some tort reform." The ride never ends. Part Four Employer: "I now have an insurance policy which covers virtually every stupid thing I do." Lawyer: "Great. I need approval to travel to Washington DC for a hearing." Insurance Adjuster: "OMG. This is outrageous. Why do you need to do that?" Lawyer: "Because a federal judge said so. It's literally malpractice not to go." Insurance Adjuster: "I'll pay for 1/2 hour." Lawyer: "Fuck this. I'm leaving the profession/joining the plaintiff's bar." Insurance Adjuster: "Why do we keep losing cases? We need tort reform!" Quote HistoryQuoted:
Well, that's how it's supposed to work. In reality it is more like this. Employer: "I want to do a RIF because some guy I golf with is a consultant who knows nothing about my industry but he has a powerpoint saying I should change everything." Lawyer: "If you fire a black employee here is your risk of a Title VII suit. If you fire a disabled person here is the risk of an ADA suit. If you fire ancient Myrna, here is the risk of an ADEA suit. If you fire a white guy under 40, pretty much no risk of a suit. Now remember, you must make this decision without regard to race, gender, disability, age, etc." 1 week later, white guys gets pink slips. But wait, there's more. Part Deux. Employer: "OMG. Nothing gets done and everything is a disaster. We're going to fire all the dead weight and hire a bunch of college students." Lawyer: "All your dead weight is covered by anti-discrimination laws. Do what you need to do, but remember what I told you the last time." 1 week later, all dead weight fired and replaced by 25 year old white males. But wait, there's more. Part Three. Employer: "OMG. These legal fees are outrageous!" Lawyer: "You now have 87 federal anti-discrimination lawsuits and don't want to settle any of them." Employer: "But it's soooo much money!" Lawyer [thinking to himself]: "Well, go ask your consultant friend. You paid him three times my bills up front for the powerpoint which caused all of this." Lawyer [what he actually says]: "Yes. It is soooo unfair. You should call your Congressman and ask for some tort reform." The ride never ends. Part Four Employer: "I now have an insurance policy which covers virtually every stupid thing I do." Lawyer: "Great. I need approval to travel to Washington DC for a hearing." Insurance Adjuster: "OMG. This is outrageous. Why do you need to do that?" Lawyer: "Because a federal judge said so. It's literally malpractice not to go." Insurance Adjuster: "I'll pay for 1/2 hour." Lawyer: "Fuck this. I'm leaving the profession/joining the plaintiff's bar." Insurance Adjuster: "Why do we keep losing cases? We need tort reform!"
as for this part: Lawyer [thinking to himself]: "Well, go ask your consultant friend. You paid him three times my bills up front for the powerpoint which caused all of this." |
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Posted: 2/13/2019 2:47:10 PM EDT
[#49]
I just saw an Amazon delivery truck parked the wrong way on the road blocking half off the lane on a 2 lane road with some dipshit driver, big sprinter van, get ready for more of this.
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Posted: 2/13/2019 2:53:11 PM EDT
[#50]
Quoted:
Funny URL to boot: https://www.freightwaves.com/news/ltl-nemf-to-shit-down-after-filing Truck traffic in the NE is gonna get interesting... |
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