AAA Cooper | AACT Sold??

[zrt_1000]

Rumor has it that Knight Swift just purchased AACT

 

[Recap Slinger]

No rumor, they announced it yesterday. Sad, very sad.

 

[LTLIndentured]

Race to the bottom with swift. New company motto

 

[Jeff]

I read somewhere the price was 1.35 billion dollars what the hell

 

[LTLIndentured]

AAA may have had valuable real estate with this purchase. Been to a few AAA terminals and it didn’t look that valuable, but who am I to say

 

[Jeff]

AAA may have had valuable real estate with this purchase. Been to a few AAA terminals and it didn’t look that valuable, but who am I to say

yea I get that but 1.35 billion? That's about what Transforce and Fedex paid for AF and UPS freight combined

 

[LTLIndentured]

yea I get that but 1.35 billion? That's about what Transforce and Fedex paid for AF and UPS freight combined

Yes, what’s AAA? About 4-500 million a year in revenue? Upsf was over a billion in revenue if memory serves

 

[ltltrkr]

Yes, what’s AAA? About 4-500 million a year in revenue? Upsf was over a billion in revenue if memory serves

said it was 700 million in revenue

 

[ltltrkr]

AAA may have had valuable real estate with this purchase. Been to a few AAA terminals and it didn’t look that valuable, but who am I to say

LTL Truck terminals are like gold in some area's, the bigger the city the less that are available if any. Most cities now shun 24 hour LTL operations( damm dirty trucks!). Getting 70 terminals, driver and being able to cross sell business is super valuable now, They said there is room to grow organically or to buy other companies. They looked at what TFI has done and jumped in. There are not that many carriers left to buy and starting an LTL from scratch near impossible. AS for UPS selling Freight for what they did, they walked away from the business they couldn't run, if they lost money it would just be a tx write off.

 

[Hookman]

Well the advantage you folks have over Swift drivers is you can back up & avoid dumping rigs into bodies of water. Good luck to you all.

 

[Jeff]

what I rename this forum to "Swift LTL"

 

[DMT]

And i will ask here who owned swift before it merged with knight and still owns central freight and central refrigerated or at least last i knew of. Jerry Moyes , whom i would guess is still involved with swift knight

 

[seabreeze]

LTL Truck terminals are like gold in some area's, the bigger the city the less that are available if any. Most cities now shun 24 hour LTL operations( damm dirty trucks!). Getting 70 terminals, driver and being able to cross sell business is super valuable now, They said there is room to grow organically or to buy other companies. They looked at what TFI has done and jumped in. There are not that many carriers left to buy and starting an LTL from scratch near impossible. AS for UPS selling Freight for what they did, they walked away from the business they couldn't run, if they lost money it would just be a tx write off.

Not sure you could say they couldn't run the company.
With the profit they're making, you have to admit, they do a lot of things right.
Maybe they had other plans.

 

[Hookman]

what I rename this forum to "Swift LTL"

Don't insult the AAA Cooper folks Jeff. Personally I have never a picture of one of their rigs in a river Under the bridge instead of going over On the bridge.

 

[Dick Dastardly]

Knight-Swift acquiring AAA Cooper for $1.35 billion

Knight-Swift leaps into the LTL segment by acquiring AAA Cooper.

www.ccjdigital.com

 

[DayliteDean]

You have my deepest sympathies.

 

[Rocky Top]

Company to remain AAA Cooper from what I read. Will be independently ran from Knight-Swift. Cooper has a bigger presence than what most people know.

 

[Anchor5]

Yes, what’s AAA? About 4-500 million a year in revenue? Upsf was over a billion in revenue if memory serves

I just googled it. UPS Freight had over $3 billion in revenue in 2020. i suppose buying a unionized unprofitable trucking company gets a huge discount!

 

[Anchor5]

yea I get that but 1.35 billion? That's about what Transforce and Fedex paid for AF and UPS freight combined

out of curiosity googled that too. Fed Ex paid $1.2 billion in 2000 for American Freightways.

 

[DFL_driver]

Wow I'm sorry to hear that AAA drivers. If I woke up and found out that I was a Swift driver, I would be pissed. Dayton freight is hiring