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XPO | Vineland NJ

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Whats going on in Vineland, NJ ? We are hearing the Manager is MIA since last week and both fos walked off the job. They are down to 8 drivers where they normally have 15 the rest quit and the most senior driver had enough and left for a Job with ABF. An fos from our barn and a lead driver are running the show for now. Hope Brad and his crew learn the business soon before there's nothing left.
 
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sucker666 said:
Whats going on in Vineland, NJ ? We are hearing the Manager is MIA since last week and both fos walked off the job. They are down to 8 drivers where they normally have 15 the rest quit and the most senior driver had enough and left for a Job with ABF. An fos from our barn and a lead driver are running the show for now. Hope Brad and his crew learn the business soon before there's nothing left.
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What's the difference ? Slash and cash. Cut and gut. Lose a bunch of drivers ? Lose a bunch of management ? Bunch of equipment out of service ? That's okay. The books say the company is more profitable this way.
 
highspeeds said:
So what ? He's not in business for the sake of business. Jacobs is all about the money. Increasing his personal wealth. Which is working out fantastically. He is very very rich. And soon to be much much richer.
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LTL DIVISION?
Any word on who is looking to acquire XPO LOGISTICS,AND HOW SOON?
 
ROUGHBOY said:
LTL DIVISION?
Any word on who is looking to acquire XPO LOGISTICS,AND HOW SOON?
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No new rumors that I have heard. But Jacobs has a time line and will keep it. No different than flipping anything else. You never want to hold on to long. That's the easiest way to cost yourself a lot of money.
 
It's is what we are left with when he moves on that concerns me the most. The lack of reinvestment and the profit taking. Someone will have to pay to for the lack of reinvestment when he's gone and I think we know where that will come from. Protect what you have now or it will not be there.
 
sucker666 said:
It's is what we are left with when he moves on that concerns me the most. The lack of reinvestment and the profit taking. Someone will have to pay to for the lack of reinvestment when he's gone and I think we know where that will come from. Protect what you have now or it will not be there.
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I am still convinced that the LTL will either be sold off separately or reimagined as a closed business to run freight regionally. If something like Amazon would be the company to make the purchase, likely sold off. Why would a fresh and modern corporation want to acquire something so old and stale ?
 
highspeeds said:
I am still convinced that the LTL will either be sold off separately or reimagined as a closed business to run freight regionally. If something like Amazon would be the company to make the purchase, likely sold off.
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I disagree. I think he sees us as a cog in the machine. He thinks the money is in last mile and one-stop shopping, and LTL will be a necessary part of that.

Sold off? Who knows. But I don't think he'll try to break it up. A national LTL network is still a valuable asset to what he wants, and no one else wants a national standalone LTL company.
 
Serene Gene said:
I disagree. I think he sees us as a cog in the machine. He thinks the money is in last mile and one-stop shopping, and LTL will be a necessary part of that.

Sold off? Who knows. But I don't think he'll try to break it up. A national LTL network is still a valuable asset to what he wants, and no one else wants a national standalone LTL company.
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How is the LTL a "valuable asset" or a "cog"? Personally , I would say "valuable asset" or "cog" about XPO's logistics unit ( formerly Menlo ) as far as how upper management views the different units of Con-way. Menlo was immediately integrated tightly into the rest of the company nearly seamlessly.

The LTL unit meanwhile , seems more like a part to round out the portfolio as it's tolerated but walled off from the rest of the company. The "love" that Jacobs was supposed to show ( maybe with freight from other divisions of XPO ) hasn't materialized.

After 2 1/2 years what you do see is bundling of services and salespeople trained to sale ALL of XPO'Ss services ( as should be the case ) The negative is upper management clearly has put downward pressure on the LTL pay and benefits to match the other units of XPO. This isn't speculation: it's been bluntly stated in the past for example with vacation time and healthcare.

With LTL being quarantined from the other units of XPO , it's difficult to determine if there are benefits that the parent company has or had that the LTL doesn't - it's a secret. And because of the lack of communication about the sister companies it's hard to find something good say or think about the current situation.
 
icuicp said:
How is the LTL a "valuable asset" or a "cog"? Personally , I would say "valuable asset" or "cog" about XPO's logistics unit ( formerly Menlo ) as far as how upper management views the different units of Con-way. Menlo was immediately integrated tightly into the rest of the company nearly seamlessly.

The LTL unit meanwhile , seems more like a part to round out the portfolio as it's tolerated but walled off from the rest of the company. The "love" that Jacobs was supposed to show ( maybe with freight from other divisions of XPO ) hasn't materialized.

After 2 1/2 years what you do see is bundling of services and salespeople trained to sale ALL of XPO'Ss services ( as should be the case ) The negative is upper management clearly has put downward pressure on the LTL pay and benefits to match the other units of XPO. This isn't speculation: it's been bluntly stated in the past for example with vacation time and healthcare.

With LTL being quarantined from the other units of XPO , it's difficult to determine if there are benefits that the parent company has or had that the LTL doesn't - it's a secret. And because of the lack of communication about the sister companies it's hard to find something good say or think about the current situation.
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When they wanted to be just an asset light corporation they did not need an ltl in the portfolio. After they looked deeper into the industry they realized having assets in this game is not all bad. With the capacity and driver crunch that is going on right now having assets makes a whole lot of sense. After they bought Norbert I think there model changed. Also LTL might be old but it is not going anywhere anytime soon. If anything it will probably gain margin as whole industry because of streamlines in warehousing. So the LTL still has plenty of value
 
Maltman said:
When they wanted to be just an asset light corporation they did not need an ltl in the portfolio. After they looked deeper into the industry they realized having assets in this game is not all bad. With the capacity and driver crunch that is going on right now having assets makes a whole lot of sense. After they bought Norbert I think there model changed. Also LTL might be old but it is not going anywhere anytime soon. If anything it will probably gain margin as whole industry because of streamlines in warehousing. So the LTL still has plenty of value
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Agreed.

I guess my whole point is the practice of dividing and conquering. Keep everyone separated and tell them whatever and it's easier to control them.

It seems like management goes out of their way not to have meetings or distribute information to a large group of people at the same time. Even if it's necessary and/or important.
 
sucker666 said:
Whats going on in Vineland, NJ ? We are hearing the Manager is MIA since last week and both fos walked off the job. They are down to 8 drivers where they normally have 15 the rest quit and the most senior driver had enough and left for a Job with ABF. An fos from our barn and a lead driver are running the show for now. Hope Brad and his crew learn the business soon before there's nothing left.
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Any updates?
 
sucker666 said:
It's is what we are left with when he moves on that concerns me the most. The lack of reinvestment and the profit taking. Someone will have to pay to for the lack of reinvestment when he's gone and I think we know where that will come from. Protect what you have now or it will not be there.
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What's in your wallet? Might I suggest precious metals? Hopefully some pre $100 XPO stock. Protect what you have now or it will not be there. Good advice every day of the year.
 
Maltman said:
When they wanted to be just an asset light corporation they did not need an ltl in the portfolio. After they looked deeper into the industry they realized having assets in this game is not all bad. With the capacity and driver crunch that is going on right now having assets makes a whole lot of sense. After they bought Norbert I think there model changed. Also LTL might be old but it is not going anywhere anytime soon. If anything it will probably gain margin as whole industry because of streamlines in warehousing. So the LTL still has plenty of value
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If that is true, why haven't there been any streamlines in what we do ? Still running the business as a stand alone LTL within a larger company. The only real value Con-way has given XPO is a solid revenue stream. They integrated Menlo with the rest of what XPO already did and do. And sold off CFI. And reducing the trailer manufacturing to almost nothing. The LTL is just kinda dangling here making money off to the side.

Sure seems like they really wanted Menlo. And don't quite know what to do with the LTL. And are only keeping the manufacturing division around until they figure it out.
 
Serene Gene said:
Wait, what? An OR of 87.8?



I've seen brand new pups and vans on the road every year, and not with low trailer numbers either. What are you basing that statement on?
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I forget where the link went. But there was an article showing trailer manufacturing numbers by company and XPOs was way down.
 
Serene Gene said:
Wait, what? An OR of 87.8?
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Still not integrated into the larger company. No cross over with intermodal or last mile. There is some over lap. But no actual fluid path through the company. A lot of the incestuous nature of logistics that Jacobs mentions in the Mad Money clip, amongst other companies, can be done amongst our own companies.
 
highspeeds said:
If that is true, why haven't there been any streamlines in what we do ? Still running the business as a stand alone LTL within a larger company. The only real value Con-way has given XPO is a solid revenue stream. They integrated Menlo with the rest of what XPO already did and do. And sold off CFI. And reducing the trailer manufacturing to almost nothing. The LTL is just kinda dangling here making money off to the side.

Sure seems like they really wanted Menlo. And don't quite know what to do with the LTL. And are only keeping the manufacturing division around until they figure it out.
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