XPO | Sic Sold

Lol all I can say is your lucky ! Our newest tractor is a 2011 . Do have one new forklift . Seldom see any new trailers . Most all of my regular customers are used to getting damaged freight from XPO at least once a week . So they see what I drive in with and shake their head . WOW you guys have some junk tractors compared to all the other LTLs ! I say oh yes, they take real good care of us . At least I have power steering ! Slow , very slow and steady driving a piece of junk = money in my pocket . Especially when I break down . Which is often the the gem I drive . One of our guys never did one delivery today . By the time they got his truck going the boss man said strip your trailer and go make a few pickups. Good times , good times !
The part about the trucks sounds familiar back in the day at Consolidated Freight.....conway was getting new equipment....
 
Lol all I can say is your lucky ! Our newest tractor is a 2011 . Do have one new forklift . Seldom see any new trailers . Most all of my regular customers are used to getting damaged freight from XPO at least once a week . So they see what I drive in with and shake their head . WOW you guys have some junk tractors compared to all the other LTLs ! I say oh yes, they take real good care of us . At least I have power steering ! Slow , very slow and steady driving a piece of junk = money in my pocket . Especially when I break down . Which is often the the gem I drive . One of our guys never did one delivery today . By the time they got his truck going the boss man said strip your trailer and go make a few pickups. Good times , good times !


This is the truth as I know it as well. Jacobs says he wants to own a pure play LTL. With what he’s done to this company. He will need to spend an obscene amount of money to grow anything out of this. Right now, we are limited by a lack of equipment and drivers. And it’s costing us customers.

The new idea drivers are floating.... after he sells the rest of XPO. Jacobs takes the money and buys YRC. They have already sold their terminals. Run junk equipment. And are massively in debt. And Jacobs loves debt mongering. This would immediately make the resulting company the largest North American LTL by a significant margin. And it would be an enormous cluster muck. Jacobs also seems to very much enjoy a good cluster muck.
 
We have all new tractors and trailers at our barn
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If he wants a pure play LTL why would he need to buy anyone? This industry has always operated the same since I came into it. If you want the freight, you can get it. You might not make any money from it at the start, but once you've secured market share you start forcing companies to close, then you get to boost rates afterwards. Just depends on how deep your pockets are. He could have started doing that the day he bought us, but he didn't.
 
Hearing a lots of talk that TFI international of Canada is negotiating a possible buy out of Xpo Ltl . Anyone verify this ? Just the last couple days.
 
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Hearing a lots of talk that TFI international of Canada is negotiating a possible buy out of Xpo Ltl . Anyone verify this ? Just the last couple days.
You never know...but they purchased XPO Truckload a few years ago and are one of the few companies with deep enough pockets to buy the LTL. Plus , they are an actual trucking company.
 
You never know...but they purchased XPO Truckload a few years ago and are one of the few companies with deep enough pockets to buy the LTL. Plus , they are an actual trucking company.
I don’t know if it’s a possibility but I guess it makes sense if they have no existing Ltl presence in the states.
Have to take Jacobs at his word that it’s not for sale. The rumors has been persistent since last week. I try not to subscribe to rumors but we keep hearing this.

Regional guy wouldn’t confirm or deny when asked.
 
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TFI might be a large, and quite diverse company, but we are still leaps and bounds larger than they are and I don't think they could even come close to having the 3 billion Jacobs had for Con-Way.
 
TFI might be a large, and quite diverse company, but we are still leaps and bounds larger than they are and I don't think they could even come close to having the 3 billion Jacobs had for Con-Way.
They probably have more money than Jacobs had when he purchased Con-way. He started that as eXpress-1. Jacobs also used up some of Con-way's own money that they had saved , if I remember correctly. Deducting it from the price.
 
Northeast and mid Atlantic terminals are all up for sale( just the property) wtf? Someone saw the listings
 
TFI might be a large, and quite diverse company, but we are still leaps and bounds larger than they are and I don't think they could even come close to having the 3 billion Jacobs had for Con-Way.
TFI has a market cap in Canadian dollars 3.898B
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And here is the profile of TFI

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TFI just did a public offering of shares.

TFI International Announces Closing of US $230 Million Public Offering

GlobeNewswireFebruary 18, 2020, 10:50 AM EST
Underwriters exercise over-allotment option in full

MONTREAL, Feb. 18, 2020 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the closing of its previously-announced marketed offering of common shares in the United States and Canada, representing TFI International’s initial public offering in the United States. TFI International issued a total of 6,900,000 shares, including 900,000 shares following the exercise in full by the underwriters of their over-allotment option. The shares were issued at a price of US $33.35 per share, the equivalent of CAD $44.20 per share based on the Bank of Canada exchange rate at the time of pricing, for gross proceeds to TFI International of US $230,115,000 (approximately CAD $305 million).

TFI International expects to use the net proceeds from the offering to reduce the amount outstanding under one of its credit facilities, thereby increasing the amount available under the credit facility for future use by TFI International. TFI International may use the credit facility in the future for working capital and general corporate purposes, including potential acquisitions.

From - Yahoo Finance
 
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