XPO | Selling Terminals

Has 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!
 
We got word that NAT (Atlanta) has been sold and then leased back. Was told that Jacob's owned the leasing company.
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.
 
Is this good for the long term? We seen a massive cut in maintenance, where do you get caught up on this? Deteriorating equipment and infrastructure will be a massive cost at some point if were to be successful in the long run. It just doesn’t make sense!
Con-way reinvested and early on invested in its employees. This is when we flourished . With what we have now where is the future ? Who is going to benefit from this in the end ?
 
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.
 
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.


It's what Con-way did to CF. We have been saying for literally years now that this is what he is going to do with us. It's not a shock. No one should be surprised. Jacobs is doing the clear and obvious thing we all thought he would. He bought Menlo. Got stuck with the rest. Sold Truckload. And he is profiting off shutting down the LTL. This is all so transparent that us dumbass truckers knew it from the start. No smoke and mirrors. Just the simple and honest truth. Tigers don't change their stripes.
 
There's also a rumour going around that they're planning to build a new Terminal
In in Atlanta????
That would be contrary to EVERYTHING we've seen from upper management/ownership.

Since Con-way became XPO , it seems like zero terminals have been built.
 
There's also a rumour going around that they're planning to build a new Terminal
In in Atlanta????

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.
 
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...
 
I wonder how in the world they convinced someone to put in your new fuel island...

We figured lack of maintenance on the above ground tanks and/or the pump house failed an inspection. Or several. And they were forced to do something. Because it was done very poorly. They are always down. Something is always broke. And they look like old BP pumps someone pulled from a dumpster after a hurricane.
 
Did I miss it, Speed? Driving right now. Can’t look.

They have presented things in a way that appears wonderful. And that's their job. When you investigate the numbers. You get a different picture. If this thing was so wonderful. Wall Street would be treating Jacobs like Warren Buffet. And the stock would be $1000 a share.
 
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