If that is true, it's not a good sign. I hope thatHas anyone heard that Xpo has been selling terminals for a cash infusion than leasing them back ? I’m not referring to closing terminals.
For what it is worth, there is a conversation in Facebook/XPO worker bees. Apparently true. So, IMHO we have become YRC!Has anyone heard that Xpo has been selling terminals for a cash infusion than leasing them back ? I’m not referring to closing terminals.
Can we get the benes YRC gets then ??For what it is worth, there is a conversation in Facebook/XPO worker bees. Apparently true. So, IMHO we have become YRC!
My understanding is they wanted to put the cash back to the bottom line to make the earnings look better to investors. Thanks for the info.We got word that NAT (Atlanta) has been sold and then leased back. Was told that Jacob's owned the leasing company.
We got word that NAT (Atlanta) has been sold and then leased back. Was told that Jacob's owned the leasing company.
Selling property and leasing it back is the classic start to the slow breakdown and sell off of a company. It's rarely a good sign.
This is how vulture capital works. Strip cash, sell to yourself (via other company), lease it back to yourself, load with debt, pretend you didn't kill the company on purpose, say "market forces", #$%^ the employees, ruin their lives. Make a sh/t ton of money doing it.
I don't feel good about this at all.
That would be contrary to EVERYTHING we've seen from upper management/ownership.There's also a rumour going around that they're planning to build a new Terminal
In in Atlanta????
I heard it was on hold but not 100%There's also a rumour going around that they're planning to build a new Terminal
In in Atlanta????
There's also a rumour going around that they're planning to build a new Terminal
In in Atlanta????
I wonder how in the world they convinced someone to put in your new fuel island...It would make sense for something to be built with room for truckload and last mile cross dock. I don't know a thing about Atlanta. But as the company goes. That's where the money is. Possible that with all the issues going on with China that containers could need a dock for this or that. He may be intending to do international container LTL service. He's looking for any angle that will draw investors. Doesn't even matter if they actually provide the service. So long as they say that they do and claim to be able to make money doing it. You can tell just by how the quarterly results were written and presented. And they did generate a $7 surge per share on Friday. Cook the numbers. And give a good headline.
I wonder how in the world they convinced someone to put in your new fuel island...
Not throwing fuel on the fire here guys, but the 2nd quarter results look pretty healthy. And does anyone actually have any documented evidence that XPO sold anything? I always said I will believe it when I see it in print.
https://globenewswire.com/news-rele...cs-Announces-Second-Quarter-2019-Results.html
Did I miss it, Speed? Driving right now. Can’t look.