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Yellow | Fedx buys tnt express

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BIG R GUY said:
Let me give it a shot . Well if YRC . Would concentrate more on not. Hiring these kids who. Do not want to drive. A truck for a living. Especially at 511. And bonus' for the high ups. Albeit they are hiding money in the Caymans. And using our 15 percent now to buy TNT. And FedEx. Shamefull!!!!
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That is spot on. Instead of you rubbing off on him, the reverse has occurred.
 
Freightmaster1 said:
Jerry Hempstead, principal of Orlando, Fla.-based Hempstead Consulting, said that most observers have long anticipated the acquisition of TNT by FedEx, ever since UPS failed in its attempt to take over TNT.

“TNT has been trying to get itself sold for years ever since it split its mail group from its express group in 2010,” he noted. “Against the ever-expanding market shares of DHL, UPS and FedEx, TNT has struggled. They have done a great job in recovering from the loss of momentum, however, that was the result of the prolonged legal battle waged over the UPS offer. In the end I don’t believe UPS fully understood the lobbying power DHL has with the EU that put a kibosh on the takeover based on anti competitive reasons.”

As for the prospects of a successful FedEx-TNT deal, he said the Fedex offer is far more likely to pass such scrutiny and will now put FedEx in a greater competitive position in Europe.

“To me it has not been ‘if’ TNT would be sold to UPS but ‘when’ and at what price,” he explained. “FedEx will get TNT at a discount over the UPS offer of 2012 if they are successful. This is a great acquisition for FedEx who has proven in the past that they can make very successful acquisitions and have them work. Flying Tigers, RPS, Parcel Direct all come to mind as acquisitions that were risky but have paid off handsomely over the years. Don’t underestimate the ability to throw obstacles in the way of this acquisition just as FedEx and UPS tried to scuttle the DHL acquisition of Airborne in 2003. Some people have long memories and are students of history. Unlike the Airborne deal this is not a matter of flights nor should it be about market share domination. This is real synergy I think between two like businesses.”

http://www.logisticsmgmt.com/article/fedex_set_to_acquire_tnt_express_expand_reach_in_europe

:bouncy:
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As far as I know....UPS offered 5.8 Billion 2 yrs. ago.
 
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FedEx would only buy the assets of YRCW if the ship sank. They'd never buy it lock stock. Old Freddy hates the Teamsters.
 
Elwood said:
Assets? We have worthwhile assets available to be bought in the event of our mutual corporate demise? Leverage!!!!
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Hell, your customer list has gotta be worth something, right? And the properties are probably worth something. Most of the equipment isn't worth the powder to blow it to ::shit::, but FedEx could auction it all off alongside the old red racers and trailers. Liquidation! And I'm sure Fred would offer you a job as a part time dock worker.
 
FXFC1620 said:
Hell, your customer list has gotta be worth something, right? And the properties are probably worth something. Most of the equipment isn't worth the powder to blow it to :::shit:::, but FedEx could auction it all off alongside the old red racers and trailers. Liquidation! And I'm sure Fred would offer you a job as a part time dock worker.
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pension funds hold the deeds in leiu of payments. FedEx has all the same customer lists as YRC. Nothing of value not mortgaged... its why the lenders cooperate...
 
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