Sale sign on Pyle

Discussion in 'New Penn' started by Irishman107, Sep 4, 2006.

  1. Irishman107

    Irishman107 Member

    Messages:
    473
    Likes Received:
    0
    Trophy Points:
    16
    Was told by someone in upper management that DUIE PYLE was up for sale, and that is the reason they hired our Ex Pres Steve O. Since Steve O was involved in New Penn being sold twice, Pyle took him on to make the company look as good as possible for potential buyers. Seems that when Pyle is sold Stevie will get a big chunk of change and go his merry way. Maybe a union carrier will buy them, I here ABF maybe interested!! Anyone else here anything about this?
     
  2. CFer

    CFer Active Member

    Messages:
    1,479
    Likes Received:
    0
    Trophy Points:
    36
    It's news to me but nothing suprises me any more in this business.

    Time will tell I guess
     
  3. cityman

    cityman Member

    Messages:
    276
    Likes Received:
    14
    Trophy Points:
    18
    Rumor I heard is that they might be downsizing the operation or being put up for sale. This would be good for New Penn,but I would hate to see more people loose their jobs.
     
  4. StewieGriffin

    StewieGriffin Member

    Messages:
    360
    Likes Received:
    0
    Trophy Points:
    16
    well whoever buys them will be taking on their freight, so i would think that they would need most if not all of their drivers.
     
  5. ctroadrunner

    ctroadrunner Member

    Messages:
    451
    Likes Received:
    0
    Trophy Points:
    16
    I hear this a lot lately.
     
  6. UnionTrucka

    UnionTrucka Member

    Messages:
    591
    Likes Received:
    0
    Trophy Points:
    16
    i haven't heard a peep about this. why would they put their co. up for sale ??? the family wants out ? everyone i spoke to is clueless.
     
  7. rellie777

    rellie777 New Member

    Messages:
    15
    Likes Received:
    0
    Trophy Points:
    1
    i heard that AAA Cooper was interested also
     
  8. flstc2000

    flstc2000 Member

    Messages:
    509
    Likes Received:
    0
    Trophy Points:
    16
    Check the Pyle forum ....
    If Pyle is expanding, then would it make good business sense to move into an area when profits will be slim until accounts could be secured ?
    Perhaps we must watch ourselves as our competition nips at our heels, and that's with a Pyle company executive that knows our operation.
    If we are to stay on top, we must work at it.
     
  9. Irishman107

    Irishman107 Member

    Messages:
    473
    Likes Received:
    0
    Trophy Points:
    16
    Was told that ABF is out of the picture. Looks like Southeastern Freight is buying them if they can come to terms (around 200 million). They are just buying the LTL division of Pyle. The family will continue to run warehouses and the OTR division. If time line is what I was told expect announcement by or before middle of November. U heard it here first.
     

Share This Page