trucknfool
TB Regular
- Credits
- 14
That's for sure!! He sure trashed a good Company!!Well, it could have been Stotlar. Things could always be worse. We could come in Monday and be right back to painting lines and putting guys on the LEAN team.
That's for sure!! He sure trashed a good Company!!Well, it could have been Stotlar. Things could always be worse. We could come in Monday and be right back to painting lines and putting guys on the LEAN team.
So what was the BIG announcement? as of Friday noone knew, not even my SCMI don't think they would close it up, anything is possible but liquidation would not pay the debt off. If anything they might sell of portions of the company and buyers assume the debt. This is just pure speculation on my part. I guess that everyone will know come Friday with the "BIG ANNOUNCEMENT"
Phony Brooks is returning as head of the LTL division.So what was the BIG announcement? as of Friday noone knew, not even my SCM
So what was the BIG announcement? as of Friday noone knew, not even my SCM
You and I both, but, that ain’t happening. They ran Jerry out when we were still CCX, remember?I was hoping for Jerry Detter.
Motivation of Detter was to build a great trucking with his high knowledge of the industry. Jacobs is all about profits period . The two never would have mixed in working together.I was hoping for Jerry Detter.
Oh our fos is something special. He is quite privy to interpersonal relationships within the upper echelons of corporate management. Don’t ask me how he knows or acquires this info...all I know is that he does. He probably gets most of it from our scm who is himself, I suspect , deeply involved the know of these things.I surprised an FOS has that much knowledge about our management. Most I know can't see past there own computer screen and god for bid that goes down.
Jacobs number one asset/talent is sales. If you want to see him do what he does best listen to today’s QE 1 conference call. I’m not knocking him about this. He’s not an expert in the industries he’s been in . He knows how to cut to the bone and increase revenue by doing so. He needs consistently impress investors.
He’s in a lull right now because he can’t do his usual M&A thing due to the Amazon pull back. He will seek to increase efficiencies that will effect our sector of business. More outsourcing( sub service ) doing more with less (labor optimizer) and cutting more runs (line haul bypass ).
Organic growth can mostly only com from happy customers, which we unfortunately don’t have many. You must be good in a business to survive the long haul.
They have a lot to learn. I think they made of miscalculations and underestimated the LTL business. It’s much more complex than equipment rentals and the trash business. Cutting to the bone wether it be with the labor or equipment has a greater effect in this business and effect customers greatly. They either drove out or fired anyone in management that knew the business because Jacobs and his crew didn’t want to hear what they had to say. Running the business purely on the numbers and unreasonable expectations stemming from their lack of knowledge in the business even drove the President of the company to bail. The only reason Brooks is back now is because they need to run this company somewhat effectively now so it doesn’t sink. Jacobs not have the cash for M&A’s forced him to concentrate on the business at hand. Jacobs didn’t want to here the realities and Brooks concerns on his first tenure. Now he needs and is willing to do what has to be done until he can run that stock price back up enough to do his usual course of business the roll up plan.Do you think XPO is good in this business ? That XPO has happy customers ?
This is accurate.He will seek to increase efficiencies that will effect our sector of business. More outsourcing( sub service ) doing more with less (labor optimizer) and cutting more runs (line haul bypass ).
They have a lot to learn. I think they made of miscalculations and underestimated the LTL business. It’s much more complex than equipment rentals and the trash business. Cutting to the bone wether it be with the labor or equipment has a greater effect in this business and effect customers greatly. They either drove out or fired anyone in management that knew the business because Jacobs and his crew didn’t want to hear what they had to say. Running the business purely on the numbers and unreasonable expectations stemming from their lack of knowledge in the business even drove the President of the company to bail. The only reason Brooks is back now is because they need to run this company somewhat effectively now so it doesn’t sink. Jacobs not have the cash for M&A’s forced him to concentrate on the business at hand. Jacobs didn’t want to here the realities and Brooks concerns on his first tenure. Now he needs and is willing to do what has to be done until he can run that stock price back up enough to do his usual course of business the roll up plan.
I don’t know overall how happy the customers are across the company but in our area their tired of the poor service and want to know whatever happened to Conways good service.
I believe we will be bought pennies on the dollar before they close the whole place. There's companies out there that would love to have us for a bargainThe company is completely screwed. To much debt. Jacobs keeps saying it was a malicious short attack. Well, if that's the case why haven't investors found good reason to buy up this stock at such a great discount ? And as bad as it is, imagine how much worse it would be if he hadn't bought back $2 billion dollars worth of stock ? Completely frakked up. He's painted himself into a corner. If he has enough time to wait it out until the paint dries, he can just walk out of it. But time is money. And money is running short. And Jacobs is running things to cover his ass and make HIM the most money. Not for the best interest of the company. So, we will see. Everyone around here feels XPO is less than 12 months from insolvency. There are plenty of articles and analysis available to back these ideas.
I was hoping for Jerry Detter.
I believe we will be bought pennies on the dollar before they close the whole place. There's companies out there that would love to have us for a bargain