It all comes down to insider trading and the shareholders meeting. I was supposed to go to the meeting in Memphis but military stuff got in the way of it. We (shareholders) were notified at 0817 this morning from FedEx Corp. regarding the merge and the earnings outlook. That is the soonest it could happen. My dad was lied to in AKR and told the meeting was about "Zip Codes they are giving to CLE" - when all along we all knew that isn't what it was. Folks - they are not just closing 100 FXNL Centers - they are closing 100 facilities - FACILITIES. In Northeast Ohio there is Freight side - CLE, MNT, AKR, YNG and National has Ravenna. YNG is building a new facility - CLE just got the old YRC terminal in Richfield, National just hired 25 road drivers in Ravenna, AKR is giving up zipcodes to CLE and already gave some to YNG ... so AKR isn't really needed when CLE, Ravenna and YNG are all huge terminals. And that might explain why the Regional Manager (Brian P) is the one conducting the meeting in AKR this morning ... no other centers in the YNG region get to have the regional manager break the news to them ... I am still waiting on my dad to get out of the meeting ... but the writing is on the wall - AKR is landlocked and the terminals are huge.
Rob