Supposed to be more layoffs on the way...Now just heard another sic is laying off 25 drivers
Found out today that XPO sold our SIC and now we're leasing the property. Is this going on elsewhere?
So, if we keep selling our assets, the value of the company goes down, stocks go down, purchasing power goes down, and on and on. As it is right now, not 1 of our tractors or trailers have passed or will pass a DOT inspection. The way we're going, our closest competitor will end up being ABF, if they don't outright sell the company.
I’m not so sure if it’s dire . He can not proceed with his typical strategy of growing revenue by buying up companies. I think he’s perplex and unable to grow a company though organic means. It’s all about luring investors/ money so he can resume his typical mo
If a recession hits as some fear it may have a big affect on Xpo because of the debt load.
Don't know where over here lots of overtime
So he sold terminals and...so what?
It means exactly...zero. Well, it means that Doug Stotlar and previous weren't as financially sharp.
Why not sell terminals and lease them? Unless you guys have degrees in accounting and can speak competently to how large enterprises manage capital verses expense, how old assets valued at purchase price affect the bottom line verses realizing the true value in a sale, how XPO has consistently valued op ex over cap ex and why...I'm very skeptical about all the doom and gloom. FYI this has been done all over the place in XPO because the company doesn't want to be a land owner - not its competency.
Other parts of the business run exclusively on leased and rented facilities because of the flexibility. LTL had overwhelmingly company-owned real estate. LTL is the oldest business unit. LTL is modernizing.
The reason why it's bad is that it is the start of a cash stripping. Basically everything you were suggesting up there about not wanting to be land owners, bottom line accounting, etc, is true to a degree. Keep in mine that our CEO/owner still actually owns the property, he sold it to himself, and is now using XPO to pay that other company.
What Brad is doing is stripping cash, it's not the assets you need to focus on - it is cash, from XPO.
Once he's sucked every bit of cash out of it he will dump what's left on the garage sale.
Read up on what hapoend to Toys R Us and Anchor Hocking in Ohio. Hes basically running a vulture capital game on his own company.
So he sold terminals and...so what?
It means exactly...zero. Well, it means that Doug Stotlar and previous weren't as financially sharp.
Why not sell terminals and lease them? Unless you guys have degrees in accounting and can speak competently to how large enterprises manage capital verses expense, how old assets valued at purchase price affect the bottom line verses realizing the true value in a sale, how XPO has consistently valued op ex over cap ex and why...I'm very skeptical about all the doom and gloom. FYI this has been done all over the place in XPO because the company doesn't want to be a land owner - not its competency.
Other parts of the business run exclusively on leased and rented facilities because of the flexibility. LTL had overwhelmingly company-owned real estate. LTL is the oldest business unit. LTL is modernizing.
The reason why it's bad is that it is the start of a cash stripping. Basically everything you were suggesting up there about not wanting to be land owners, bottom line accounting, etc, is true to a degree. Keep in mine that our CEO/owner still actually owns the property, he sold it to himself, and is now using XPO to pay that other company.
There's a company in Ky buying lots of the terminals. They own a lot of Fed ex terminals alsoDo you have a reference or article on the fact that he bought the land? I haven't read that. Just curious.
I know that some of the corporate buildings are definitely not owned by him.
Do you have a reference or article on the fact that he bought the land? I haven't read that. Just curious.
I know that some of the corporate buildings are definitely not owned by him.
Glad you are not my financial advisor.So he sold terminals and...so what?
It means exactly...zero. Well, it means that Doug Stotlar and previous weren't as financially sharp.
Why not sell terminals and lease them? Unless you guys have degrees in accounting and can speak competently to how large enterprises manage capital verses expense, how old assets valued at purchase price affect the bottom line verses realizing the true value in a sale, how XPO has consistently valued op ex over cap ex and why...I'm very skeptical about all the doom and gloom. FYI this has been done all over the place in XPO because the company doesn't want to be a land owner - not its competency.
Other parts of the business run exclusively on leased and rented facilities because of the flexibility. LTL had overwhelmingly company-owned real estate. LTL is the oldest business unit. LTL is modernizing.
This is the closest I could come up with so far...Do you have a reference or article on the fact that he bought the land? I haven't read that. Just curious.
I know that some of the corporate buildings are definitely not owned by him.
Do you have a reference or article on the fact that he bought the land? I haven't read that. Just curious.
I know that some of the corporate buildings are definitely not owned by him.
Don't need it. Land sales are public knowledge.
http://property.franklincountyauditor.com/_web/Datalets/Datalet.aspx?sIndex=0&idx=1
Here is the information for XCO.