Are you Chris Keylon ? you sure do love this dude
realtree said:Are you Chris Keylon ? you sure do love this dude
fartknocker, thats what had me confused one of our drivers said he thought they would buy us for the customers only which doesn't make sense since nobody has their own customers anymore. and why would Chris leave Fedex just to be bought outThis conversation is being had on the Fedex board also. I dont buy it. Fedex bought successful LTL companies to build freight,money makers with good technology. There is already a FXF Canada,so that doesnt jive. Keylon is a great guy,he at least doubled his income with this move.
fartknocker, thats what had me confused one of our drivers said he thought they would buy us for the customers only which doesn't make sense since nobody has their own customers anymore. and why would Chris leave Fedex just to be bought out
In Vitran's forcast, they are talking about replacing purchased drivers with company drivers, reducing maintenance and fuel related cost with newer tractors. The only merger I see is customers that us the supply chain into the ltl segment of the company.
I still say there is nothing to it.When Fedex bought AF they did so because AF was ready to go out of the box. AF had a good customer base and technology. I dont see any strategic reason to buy Vitran.
also vitran is heavy in debt and and owns very little in the way of terminals and equipment.. plus their remaining customers are junk accounts.