ABF | End of the Merger/acquisition talk

[Fake News]

Straight from TFI’s CEO:
“There’s nothing major with mergers and acquisitions that’s going to happen in 2024”
He also noted that TFI intends to reduce its debt load by 500-600 million dollars. Also, he commented on the continued difficulties with T Force freight.
#facts
A link to the whole article can be found here….

TFI’s US LTL operations need heavier shipments, CEO says of Q1 results

TFI CEO Alain Bedard thinks the company’s U.S. LTL operations are booking too much light freight.

www.freightwaves.com

 

[housefire0]

Straight from TFI’s CEO:
“There’s nothing major with mergers and acquisitions that’s going to happen in 2024”
He also noted that TFI intends to reduce its debt load by 500-600 million dollars. Also, he commented on the continued difficulties with T Force freight.
#facts
A link to the whole article can be found here….

Straight from TFI’s CEO:
“There’s nothing major with mergers and acquisitions that’s going to happen in 2024”
He also noted that TFI intends to reduce its debt load by 500-600 million dollars. Also, he commented on the continued difficulties with T Force freight.
#facts
A link to the whole article can be found here….

TFI’s US LTL operations need heavier shipments, CEO says of Q1 results

TFI CEO Alain Bedard thinks the company’s U.S. LTL operations are booking too much light freight.

www.freightwaves.com

Let me translate (reduce debt load). I'm going lay off half of the employees, shutdown more terminals and then sell those terminals. Then the next quarter if the numbers are not good enough I will repeat. Eventually he is going to run out of people and properties to get rid of.

 

[steercrazee]

Some of the other L.T.L"S might be keeping an eye on T Force to buy up some of their properties in the future. Kind of reminds me of Yellow selling their properties then leasing them back from who they sold them to.

 

[ABF381]

Some of the other L.T.L"S might be keeping an eye on T Force to buy up some of their properties in the future. Kind of reminds me of Yellow selling their properties then leasing them back from who they sold them to.

Big difference between TFI and Yellow is with merging of Roadway and Yellow they had many towns with two terminals when one would do....as far as selling and leasing back that was done for cash flow to keep the company going.....

 

[OnPoint44]

if i was in management or corporate for TFI, i'd get ready my resume out there

 

[Razorblade]

It's not really true that you get paid by shipment weight. Billing classifications are based on the weight versus density. Steel pays less per hundred weight than plastic.

 

[ABFretired]

And then there was one!

 

[housefire0]

if i was in management or corporate for TFI, i'd get ready my resume out there

In fleet as well. He is shutting down shops like crazy. We are just waiting for the call telling us it's over.

 

[SAC75]

It's not really true that you get paid by shipment weight. Billing classifications are based on the weight versus density. Steel pays less per hundred weight than plastic.

Can't haul the freight if you don't have the shipment. Kind of a stupid statement if you ask me. I'm a teamster though so we know you won't hear me.

 

[ltl1]

Like I said from the beginning, this isn't Canada you're playing in the big boy's pond now.

 

[GO40]

Like I said from the beginning, this isn't Canada you're playing in the big boy's pond now.

True story , this is a tough business. Saia thought they were going to expand into the Notheast and kill it, now they are cutting rates to keep their guys working 4-10's....

 

[GO40]

Straight from TFI’s CEO:
“There’s nothing major with mergers and acquisitions that’s going to happen in 2024”
He also noted that TFI intends to reduce its debt load by 500-600 million dollars. Also, he commented on the continued difficulties with T Force freight.
#facts
A link to the whole article can be found here….

TFI’s US LTL operations need heavier shipments, CEO says of Q1 results

TFI CEO Alain Bedard thinks the company’s U.S. LTL operations are booking too much light freight.

www.freightwaves.com

After reading this his goals are more of a pipe dream, sure everyone would love to pick up 1,800 pound skids of plastics or perforated steel but that stuff is discounted heavily. I don't often agree with Razorblade but he is right, you have to adjust rates, classifications accordingly. We had a pillow account out of Frackville Pa. obviously the freight was light but ABF made the proper adjustments to make the freight profitable....

 

[Triplex]

After reading this his goals are more of a pipe dream, sure everyone would love to pick up 1,800 pound skids of plastics or perforated steel but that stuff is discounted heavily. I don't often agree with Razorblade but he is right, you have to adjust rates, classifications accordingly. We had a pillow account out of Frackville Pa. obviously the freight was light but ABF made the proper adjustments to make the freight profitable....

Frackville? Holy cow, I used to pass Frackville, then Ravine on my way to Raphine. Sometimes even used to stop at Dutch Kitchen there for lunch/dinner. Small world!

 

[wheelman1857]

After reading this his goals are more of a pipe dream, sure everyone would love to pick up 1,800 pound skids of plastics or perforated steel but that stuff is discounted heavily. I don't often agree with Razorblade but he is right, you have to adjust rates, classifications accordingly. We had a pillow account out of Frackville Pa. obviously the freight was light but ABF made the proper adjustments to make the freight profitable....

Reading had a pillow account in Lebanon Pa, we used to keep 3-4 sets there at all times. I had switched to UE and never heard why they closed the plant.

 

[No port]

The problem at t Force is that the left over management can't shake ups out of its brain .
I think the end is around the corner for the ups holdovers. When you get called fat cows, it certainly means your headed to the slaughter house.

 

[GO40]

Reading had a pillow account in Lebanon Pa, we used to keep 3-4 sets there at all times. I had switched to UE and never heard why they closed the plant.

The account name was Hollander the moved out of our coverage area then went out of business a few years later. They did a lot of work for Walmart….

 

[GO40]

Frackville? Holy cow, I used to pass Frackville, then Ravine on my way to Raphine. Sometimes even used to stop at Dutch Kitchen there for lunch/dinner. Small world!

The business (Hollander) was visible from 81. The Frackville mall was torn down & turned into a Bed Bath & Beyond distribution center & is now closed due to bankruptcy….

 

[Triplex]

The business (Hollander) was visible from 81

Thanks. Never noticed it to tell the truth. Used to be fascinated by the culm burning power plant there before it was torn down.

 

[wheelman1857]

The account name was Hollander the moved out of our coverage area then went out of business a few years later. They did a lot of work for Walmart….

Ours was Pacific Coast Feathers. Just did a quick google search and it turns out they sold out to Hollander.

 

[Big Dave]

Ours was Pacific Coast Feathers. Just did a quick google search and it turns out they sold out to Hollander.

They probably could‘ve saved money getting feathers from local birds……….