Little Stuff...

Discussion in 'XPO Logistics' started by icuicp, Jan 14, 2018.

  1. icuicp

    icuicp Well-Known Member

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    Bradley Jacobs on Mergers and Acquisitions

    As you recall, when we returned to the M&A market in the middle of last year, we said the base-case scenario would be that we will complete one or two large acquisitions by the end of 2018. We’re still very much on track to achieve that, and we’re looking forward to that being the next turbocharge of our growth.

    From 4Q conference call
     
  2. icuicp

    icuicp Well-Known Member

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    Bradley Jacobs on purchase transportation ( sub service )

    Rates are going up. About 1/3 of our line haul we do with third party, 2/3 we put on our own trucks with our own drivers. We’ve been increasing the percentage that we’ve been giving to our own fleet, and we – that’s one of the reasons why we’ve been investing in the fleet, but the increased cost of those line haul moves is already factored into our budget.

    From 4Q conference call
     
  3. icuicp

    icuicp Well-Known Member

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    Bradley Jacobs on load factor , average age of the tractors going down , an EBITDA reaching $1 billion

    Load factor improved by 4.5 percentage points. That’s accelerating. It was up 2.2 percentage points in the third quarter. We still can improve our load factor more and get better utilization on the line haul. In terms of our fleets in LTL, we improved the average tractor age to 5.2 years from 5.8 years a year ago. And if you look at the operating income in LTL, just to put this all in perspective, in – two years ago when we bought LTL, we had about $211 million of operating income. And last year, we had about 90% more than that, so it almost doubled. And we are solidly on track to generate over $1 billion of EBITDA in our LTL business within four years. So life is good.

    From 4Q conference call
     
  4. icuicp

    icuicp Well-Known Member

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    Bradley Jacobs on tight driver market and recruiting

    Now in terms of driver situation in LTL, LTL, we have very low driver turnover. It’s like 8%, like 8, like single-digits. So that’s because they get home every night, and we don’t see the same kind of pressures that you see in long-haul trucking where people – drivers are on the road for a week or two at a time.

    Well, recruiting is always a challenge in every part of the economy because we’re not just looking for anyone. We’re looking for great, great workers. Whether they’re worker – they’re dockworkers or whether they’re drivers or whether they’re warehouse workers, we want really excellent workers, who are safe and who are productive and who are collegial and fit into the culture. So we’re selective in who we hire, even ones that we hire on a temporary basis. We’ve been successful at accessing the labor markets because we put a lot of effort into it, and we pay competitively. But there’s no question about it, there is wage inflation globally. Wages are going up, and we move with the market.

    From 4Q conference call
     
  5. Fly-by-night

    Fly-by-night Only when you care to send the very best

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    I drive a 2011 with over 870,000 mile on it and on the company report I saw every tractor except a few city trucks are listed as overused have to many mile on for there age.
    we have a few 2017 in our yard
     
    icuicp likes this.
  6. Fly-by-night

    Fly-by-night Only when you care to send the very best

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    Were are waiting for the wage increase???????
     
    WiggleWagondrvr likes this.
  7. sucker666

    sucker666 Well-Known Member

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    It’s coming their holding out using it a a carrot on a stick for the moment for a looming issue... come and get it .
     
  8. snaildriver

    snaildriver Retired

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    I talked to a former co-worker recently. He's driving a new Freightliner, which replaced a Kenworth. Sounds like there are new trucks in the system.
     
  9. Freddy XPO

    Freddy XPO Member

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    Our wages better go up significantly. We’ve fallen way behind and taking a bath with our health insurance. It is almost like having catastrophic insurance. High deductibles and covering less and less.
     
    icuicp, highspeeds and ole man like this.
  10. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    By time they do anything, it will be to late. But, that is probably the idea.
     
    icuicp likes this.
  11. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Talking out both sides of his mouth and straight faced lying. Yeah, he's a hell of a salesman.
     
    ScotchNeat and icuicp like this.
  12. Fly-by-night

    Fly-by-night Only when you care to send the very best

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    been like that for awhile. It's been like this for years at other companies. All you need to do is thank Obamacare for f-ing up our healthcare system
     
    ScotchNeat likes this.
  13. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    I blame the government for not listening and intentionally sabotaging the ACA. The system we had was broken. And the people of America voted to fix it. Our leaders decided to bend us over instead. Now we might as well have no health care system in this country. It's a horrible mess. Many other countries successfully operate regulations on health care. What we have is out of control. With zero regulations. $400 for an epipen ? Come on man ?
     
    mota and icuicp like this.
  14. icuicp

    icuicp Well-Known Member

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    I don't smoke , but why can't people "smoke" their e-cigarettes at work without going to the "smoking" spot?

    Kind of defeats the point of the thing if you have to go in the corner like the regular cigarette smokers , so to speak.
     
  15. WiggleWagondrvr

    WiggleWagondrvr It Is All About ME.

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    Please tell me the name of these countries with over three hundred million people that use a health care plan like the aca ( socialized medicine ) and it works. Look at smaller countries which should be more manageable. Countries like England and Canada. Month upon month of wait times for the simplest of surgery. Systems going broke. Please tell me the name of this country using an aca style healthcare that is cost efficient and quick. Remember, countries with over three hundred million people. Waiting...
     
    Fly-by-night likes this.
  16. icuicp

    icuicp Well-Known Member

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    Without getting political , almost everyone can find an issue with the current healthcare system. A lot of people people would like to see some improvement - some complain and point to the government or their employer or wherever.

    Whenever someone points to examples in other countries it's easy to dismiss the example ( because of problems in their system ) instead of looking at how the USofA could improve it an apply it here.

    Heaven forbid that someone would try to come up with a solution or try and do something. Even if it's a small improvement , we will pick the one or two things that we don't like and shoot it down.
     
    highspeeds likes this.
  17. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Wait times isn't a failure to care for the patient. Only a sign that people are going and getting the care they need.

    Upnorth, if you break an arm. What does it cost you ?

    Also. Over 300 million ? That's easy. Ever hear of a place called China ? And over there you have your choice of going to someone that is trained in western medicine like what we have. Or Traditional Chinese Medicine ( TCM ).
     
  18. upnorth

    upnorth Super Moderator Staff Member

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    In province of residence, nothing. If your on vacation, travel insurance is always recommended, even inside Canada. I had a piece of freight fall on me years ago. Cost me nothing at the hospital.
     
  19. icuicp

    icuicp Well-Known Member

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    [​IMG]

    [​IMG]


    Someone mentioned Bradley Jacobs was doing well on the list of 2018 billionaires.

    He's catching up to this man...

    [​IMG]

    [​IMG]
    But , Bradley Jacobs has a long way to go.
     
    sucker666 likes this.
  20. sucker666

    sucker666 Well-Known Member

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    OMG !!! That sound like a nightmare. I wouldn't want that give me the double digit inflation we had before Obamacare and I will be happy.
     
    highspeeds likes this.

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