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  #7 (permalink)  
Old 07-22-2009, 08:59 PM
Holland Linehaul
 
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Originally Posted by ElliotOffen View Post
Haha! 2PL!

Well, one of those banker companies commented on it, and here's what they said:

"ABFS did purchase a small domestic 3PL in 2Q, but did not disclose the terms given the acquisition's size and relevance. ABFS remains interested in acquiring a core platform 3PL acquisition to begin to diversify its operations."

The small company may not ammount to anything, but I'm more interested / worried about what they mean by a 'core platform' 3PL.
Yeah I might be a little concerned too. Dammit, I was gonna go to you guys and picket til they hired me too!
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  #8 (permalink)  
Old 07-22-2009, 11:13 PM
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it has to be somewhere on their sec filings. This might be part of the reason they are still showing a loss.
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Old 07-22-2009, 11:23 PM
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sec filing won't be made for another few weeks, but I'm concerned that if it wasn't big enough for a press release, then it won't be big enough for an sec filing.

don't they want to get some press coverage for the acquisition. it's kind of creepy that they don't want to tell anyone about the acquisition.
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Old 07-23-2009, 12:01 PM
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Originally Posted by ElliotOffen View Post
sec filing won't be made for another few weeks, but I'm concerned that if it wasn't big enough for a press release, then it won't be big enough for an sec filing.

don't they want to get some press coverage for the acquisition. it's kind of creepy that they don't want to tell anyone about the acquisition.
It sounds like they got there report back. If they bought something that a plus. they r looking a head 4 the future. IF THINGS get better more money for the stockholders. Just dont worry live today hope 4 a better day tomorrow.
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Old 07-23-2009, 02:23 PM
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A 3PL is a logistics company that buys trucks (Owner Ops or Asset carriers) and then sells them to customers. (at a profit). Usually a lane at a time.
They do also warehouse and other services.
Most often, 3PL's work the truckload market.
USA Truck, JB Hunt, Schnieder, all have 3PL sub companies.
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Old 07-23-2009, 06:23 PM
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This news is old. We have known for some time that the company was looking for an operation like this. This company will work in concert with ABF to further diversify and more importantly, competitively challenge its' rivals.

Old news, we knew this was going to happen, just not know who or when.
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