If there is anything I've learned in my 40+ years in this business its that those sort of things you will never see coming. Those things never leave the boardroom until the day it's announced. It's all just speculation.Hey has anyone heard any thing about Saia buying New England Motor Freight. Just curious, maybe it is just some more bravo sierra floating around the barn
I don't nemf.com is union , unless they went recentlyI highly doubt it. NEMF is union.
If there is anything I've learned in my 40+ years in this business its that those sort of things you will never see coming. Those things never leave the boardroom until the day it's announced. It's all just speculation.
Thom Albrecht, BB&T Capital Markets - Analyst [89]
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Okay and then, Rick, I had one other question, I know about a year ago maybe a little less, for years, you've thought about the possibility of Pennsylvania and New Jersey. It didn't make sense given where the economy was, and then you re-opened that thought process, maybe early last year. Then the market went soft in the second half. What's your latest thoughts on those two states?
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Rick O'Dell, Saia, Inc. - President and CEO [90]
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It's on our radar, and we are doing some more detailed planning of some alternatives associated with that. I guess our thoughts are, we feel like, over time it's an attractive market, it can contribute to our margin and yield initiatives, as well as growth. And so we are going to get there, and I think when we have a more detailed plan with some timeline, we can talk to you about, we are going to open four terminals in 12 months, or whatever our timeline is, but that's basically what we are looking at.
Sorry I was referring to I b t international brotherhood teamsters freightTheyre in the machinsts union. (IAM)
Hey has anyone heard any thing about Saia buying New England Motor Freight. Just curious, maybe it is just some more bravo sierra floating around the barn
U r correct both interline someWe had a guy quit the Con-job to run at NEMF. He says there is some partnership between the two companies. As NEMF doesn't go very far south or west and SAIA doesn't go very far north and east. He also says as soon as the old man dies NEMF is for sale. There maybe a tabled agreement that is conditional. He also says that the union at NEMF is run by the old man and is no hurdle in anything.
Just what I heard from one truckers mouth. With the economy like this there are going to be acquisitions and consolidations. Just look at this XPO thing. WTF, really ?
These cycles occur over and over in trucking. A business gets big and leaves a space for someone small to take advantage and then they get big and then it repeats.
Been hearing this for yearsHad a dispatcher say yesterday Saia bought Ward trucking anybody else heard this
Owned by the Shevell family, who's daughter is married to Sir Paul McCartney O bla de O bla daI highly doubt it. NEMF is union.
And YRC, for their top management....Actually I heard that Saia, was going to purchase UPSF.
That's beautiful!And YRC, for their top management....
But I did here Obama was taking linehaul spot in GLK in Feb. Saw the app myself.....I heard that Rick O. Was retiring and that they hired Hillary to take his position.