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Protrans was HUGE for vitran. Out of nashville alone, we would send two long boxes to memphis everynight
Pictures like this illustrate how we all feel.... Empty.
What was, even as dysfunctional as it was, is over, done, gone,
That was only the common stock...With all the debt that had to have a zero balance after 90 days of the purchase the total cost was around 75-100 million according to my sources....Which is still chump change to this guy.not a bad deal for 2 million.
2 mil + paying $26 mil debt + operational loss of keeping vitran open while merging + liabilities (lawsuits) still pending, then re-labeling equipment and if they re-paint them.
It will be at least 100 million before it's over with H.E. Those French Canadians aren't stupid and before this is over with this family will probably wonder if they made the right decision. Even Billionaires screw up from time to time....And I think this was one of those times...The losses far outweigh the gains at this point. One of the big upsides was they thought they could keep most of the good LTL men, but in reality most jumped ship...The property and equipment could have been purchased separately and with a lot less fall out...Sometimes justice does prevail.2 mil + paying $26 mil debt + operational loss of keeping vitran open while merging + liabilities (lawsuits) still pending, then re-labeling equipment and if they re-paint them.
Yes....H.E. I always like it when at the holiday season we think of others more than we do ourselves....To the ones that remain.....I truly wish them the best.i won't be around to see it, i too am jumping ship. good luck to the remaining old vitran drivers and also the c.t. drivers, may they have a better 2014.
That was only the common stock...With all the debt that had to have a zero balance after 90 days of the purchase the total cost was around 75-100 million according to my sources....Which is still chump change to this guy.
c.t. does'nt want the liftgate, 3rd party, ect...he wanted gm and the rest can go bye bye. he's cherry picking what he wants and throwing out the rest. he got his real estate, equipment and gm.
Tell him to apply at ABF, we can't get anyone. All locations seem to be hiring, the vacation & the 7% pay cut sucks but it's not a bad place to work...This is happening where we are too. My husband ran into a guy who was called in after sitting home for two weeks. It doesn't seem as if anyone is working a full five days per week. They seem to want to keep everyone though. They haven't done layoffs. I don't think they are purposely trying to push people out. There's a lot of confusion going on right now. I could tell some crazy stories about how disorganized it is. If I did, people would understand instantly that this isn't being done to us on purpose. I never expected CT to be able to do this smoothly. I've been through corporate merges from the management side, and I know they're not easy. We're trying to patiently wait until they get it all figured out.