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It is. It's a lot easier to buy a old place and tear it down and rebuild or just fix it up verse going through all the BS to building on new land with zoning, traffic studies, public hearings, and an other BS that comes up. It could take a year+ just to get approval to build. With an existing place you can be up and running in a few months depending on what you want to upgrade.In the case of an old Holland terminal that XPO purchased that I run past all of the time , it has 80 doors. XPO's existing terminal in that area has 48 doors and a small lot.
They want them to move sometime during the first quarter next year if possible.
I have no idea , but I'm guessing it's a LOT cheaper ( and quicker ) than building a new terminal on land they have to purchase and local and state people have to approve of.