 Re: Truck Rental Locations Closing
The whole truck division has been hemorrhaging cash for Jack and Andy for years. If it wasn't for flip my group wouldn't break even and it's a top 10 group. Now with more expensive clean diesel trucks I'm sure the profit margins in remarketing will plummet since no one has the money to ante up and buy a new more costly rig with diesel at $4.25/gal and a weak economy. Looks like the pipedream is over and Roger Penske wins. I hear they're hiring by the way.
Only 30 more selling days in the month, so get out there and sell, sell, sell!!!
Profitability or no profitability, the weather has now turned so if you need me you can find me and my white shirt knockin' balls on the driving range. The California golf course down by Lunken is nice this time of year. Maybe that's where I'll go tomorrow if this rain holds off.
-Big Red |