Is Enterprise Products Partners L.P. a Buy in 2018?
Its units had a down year, but the pipeline company has plenty of growth coming down the pike.
Nussbaum Driver Pay Increase Addresses Common Driver Issues
Nussbaum Transportation's new pay structure aims to address common driver headaches. Photo via Nussbaum Transportation
">Nussbaum Transportation announced a new driver pay increase that not only improves per-mile pay but also attempts to improve fairness, downtime penalties and other headaches drivers commonly face.
The Illinois-based fleet says its new pay structure addresses fair calculation of paid miles, downtime, finding truck parking, and the ability for drivers to get more pay without waiting for favorable market conditions.
From the HDT archives: Nussbaum Boosts Safety Driver by Driver
The increase is made of four components and is effective starting in February.
- 2-cent-per-mile rate increase. Mileage rate increase of 2-cents per mile to the base pay structure.
- Door-to-door miles. Nussbaum already pays practical miles. To build on this, the traditional zip-to-zip mileage model is replaced by a door-to-door miles calculation method.
- Truck parking reimbursement. Nussbaum is adopting a policy of paying all reserved/paid parking, without question, to support drivers in finding safe and legal parking locations.
- Bonus program increase. Nussbaum is raising bonus payouts for drivers who reach their Platinum performance level. Top earners can reach up to 6 cents per mile on top of base pay.
“Professional truck drivers are critical to the success of our business and this industry,” said Brent Nussbaum, chief executive officer of Nussbaum Transportation. “We intend to lead the way in driver pay to encourage new entrants and deliver the message to our drivers that their time and sacrifice away from their families is appreciated.”
Related: Driver Pay - Making the Grade
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Daseke Appoints CFO Company President
Chief financial officer Scott Wheeler, at right, became Daseke's new president, assuming the role from company founder Don Daseke, (at left). Wheeler will remain as Daseke's CFO while Daseke continues serving as company CEO and chairman. Kye Lee photo, courtesy of Daseke
">Daseke Chief Financial Officer Scott Wheeler has added president to his title at the large network of open deck fleets. He assumes the role from founder Don Daseke.
Don Daseke will continue to serve as the company's chief executive officer and chairman. Wheeler will also remain Daseke's CFO.
“I first met Scott when he was the mayor of our home town, Addison, Texas, a suburb of Dallas. When I asked Scott to join Daseke I knew he was a great CFO,” said Don Daseke. "I soon learned he was much more. Scott has now been my business partner and confidant for years, and is a trusted leader.
From the HDT archives – Don Daseke on Building a Nationwide Flatbed Carrier
“He was the architect behind our mergers, organizational structure and critical to our success in going public. He has proven to be a great leader and Daseke will continue to greatly benefit from his talents and experience as he takes on this new leadership role. He has the respect of his corporate team, the CEOs of our operating companies, the Daseke board of directors and the public markets. Daseke would be very different if it were not for Scott Wheeler.”
Before joining Daseke, Wheeler served as CFO for two companies and was a managing director at a CFO consulting firm for high-growth companies. Wheeler sits on the advisory board of the College of Business - Texas A&M University-Commerce, where he earned his undergraduate degree and now serves as an adjunct professor of finance. Wheeler received his M.B.A. from Southern Methodist ...Read the rest of this story
Here's Why Under Armour Inc Stock Fell 11% Today
A recent series of analyst downgrades has caused investors to sell the athletic apparel and footwear company's stock. Again.
Q. On the new ELD system is there a limit on the number of miles per year to be exempt from ELD logs or is it just the 150 Mile radius?
A. There are exemptions to the ELD rule, however the total miles per year is not one of them. Please refer to the FMCSA website or your local DOT department for more details.
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GE reignites break-up talk after $11 billion insurance, tax hit
General Electric Co indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws. Chief Executive John Flannery has previously raised the idea of selling pieces of the largest U.S. industrial company, but went slightly further on Tuesday, saying GE is "looking aggressively" at a spin-off or other ways to maximize the value of GE's power, aviation and healthcare units.
Tuesday Apple Rumors: 2019 iPhone May Feature Smaller Notch
Leading the Apple Inc. (NASDAQ:AAPL) rumor mill today is talk about the 2019 iPhone. 2019 iPhone: A recent rumor claims that Apple wants to reduce the size of the display notch in its 2019 iPhone, reports MacRumors. If it can successfully accomplish this goal, it will be able to reduce the size of the display notch in the 2019 iPhone line.