Truckload is being sold

Discussion in 'XPO Logistics' started by Grumpy914, Oct 27, 2016.

  1. Grumpy914

    Grumpy914 Member

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  2. Perma-bull

    Perma-bull New Member

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    "Mr. Jacobs said XPO will retain Con-way’s core less-than-truckload business as part of its broad portfolio of logistics businesses. XPO still aims to be a “one-stop shop” for shippers, but will focus on market segments where the company has a significant lead on competitors, he said."

    -"Until strategies change."
     
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  3. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    It never made sense for a company that made it's money booking loads, to keep Truckload. They finally got the price they wanted. And not at all surprised that it's a Canadian fleet. Likely Transforce were looking for lanes direct to Mexico. Win - win for both companies here.
     
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  4. upnorth

    upnorth Super Moderator Staff Member

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    Transforce has been buying trucking companies left and right up here.
     
  5. icuicp

    icuicp Well-Known Member

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    I wonder what will happen to Terminator Tim?
     
  6. highspeeds

    highspeeds ENTERTAINMENT USE ONLY

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    Get a huge bonus. This was likely a special project for him. To make Truckload more appealing for sale.
     
  7. smokin'joe

    smokin'joe Well-Known Member

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    Except for the 200 mill loss.:2437:
     
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  8. wonderring99

    wonderring99 Well-Known Member

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    I looked at their website..... looks like they are the canadian xpo .. LOL
     
  9. upnorth

    upnorth Super Moderator Staff Member

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    Very similar. Heavy hauler Mullen transport is another force up here. Both have been snapping up as many as possible.
     
  10. vetran peddleman

    vetran peddleman FOR ENTERTAINMENT USE ONLY

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    Or not !
     
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  11. vetran peddleman

    vetran peddleman FOR ENTERTAINMENT USE ONLY

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    That's what the piece said...TransForce is a big player in the acquisition strategy of scaling up their business. They must be reading JB's play book.
     
  12. Tired

    Tired New Member

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    Will xpo need more drivers for linehaul now?maybe they will hire more outside carriers.
     
  13. icuicp

    icuicp Well-Known Member

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    [​IMG]
    That's messed up if they transferred him just to sell the unit he was transferred to.

    Hope the drivers and ALL the affected employees get a better deal than they had here!
     
  14. trucknfool

    trucknfool Well-Known Member

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    I am hearing rumors that XPO want's to purchase another LTL company???? Who it is, well that would be classified information at this point.
     
  15. upnorth

    upnorth Super Moderator Staff Member

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    Doubt it. They need to make money and pay off debt. Not acquire more debt.
     
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  16. sucker666

    sucker666 Well-Known Member

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    Its all about that stock price...Flat stock ? Sell something off to give it a bounce up .Wall street loves Layoffs,spinoffs and so on. Gordon Geckos at work.
    Think! Nothing is sacred anymore .You guys need to wake up this is not Conway anymore!
     
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  17. trucknfool

    trucknfool Well-Known Member

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    I agree, that doesn't make sense to me . The network is already nation wide and Canada, so what strategic advantage would buying another headache be ??? But that's what Brad Jacobs seems to thrive on.
     
  18. trucknfool

    trucknfool Well-Known Member

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    CON-WAY pad a big price for CFI , they took enoulf pay and benefits away from employees over the years to cover it , example 5% wage reduction , during the great ression , one week of vacation just to name a few things.
     
  19. vetran peddleman

    vetran peddleman FOR ENTERTAINMENT USE ONLY

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    Don't forget the freezing of the pension in 2006. That was the really big benefit that they took from us.
     
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  20. sportsman800

    sportsman800 Active Member

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    You are absolutely right they did I hope everyone doesn't forget it either
     
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