ABF | Last LTL Legacy… Motor Carrier Act of 1980

[Larrythethird]

Everyone knows ABF is the the last true old school outfit that’s still around….

The last legacy LTL standing

Yellow is gone, and with it the last threads of a long-ago trucking era. Almost, anyway. There’s still one thread left of the legacy LTLs.

landline.media

 

[SuperCourse]

I think Jimmy Carter is just hanging on until he sees the last one gone.

 

[ABF381]

Everyone knows ABF is the the last true old school outfit that’s still around….

The last legacy LTL standing

Yellow is gone, and with it the last threads of a long-ago trucking era. Almost, anyway. There’s still one thread left of the legacy LTLs.

landline.media

Good story...Razorblade has ridiculed SOR when he has mentioned all the debt incurred by legacy companies to buy authority in certain areas, but there it is right in the article...."Suddenly the operating authority they had likely acquired piece by expensive piece over years and that bankers considered a tangible asset was worthless. Studies have pegged the industry wide loss of equity in the billions or even hundreds of billions of dollars. This created financial constraints for some carriers, and it was just the beginning."

 

[DCM_Doc]

I think Jimmy Carter is just hanging on until he sees the last one gone.

Jimmy was following orders from Ted Kennedy. Joseph Kennedy, the bootlegger father of the Kennedy brothers went to the Teamsters for support during the campaign of JFK. After the election the Kennedy's turned on the Teamsters. RFK, was Attorney General & he went after the Teamsters once the Kennedys were in power. The family blamed the mob for taking out JFK. They thought deregulation would break the Teamsters. There are many theories about who was behind taking out JFK but I think the Kennedys thought the mob was responsible.

 

[Rounding3rd]

All the haters should be embarrassed and ashamed but they won't, that would mean they have morals and they obviously dont

 

[seabreeze]

Jimmy was following orders from Ted Kennedy. Joseph Kennedy, the bootlegger father of the Kennedy brothers went to the Teamsters for support during the campaign of JFK. After the election the Kennedy's turned on the Teamsters. RFK, was Attorney General & he went after the Teamsters once the Kennedys were in power. The family blamed the mob for taking out JFK. They thought deregulation would break the Teamsters. There are many theories about who was behind taking out JFK but I think the Kennedys thought the mob was responsible.

Read the book, (Ten Angels Swearing) by Jim Clay.
Only RFK could have gotten Ed Partin on a witness stand.
Partin had been convicted of perjury and every crime in the book.

 

[Hookman]

Meanwhile, the original Consolidated struggled on before finally perishing in a spectacular 2002 bankruptcy. Its dirty, dilapidated, duct-taped fleet had become a spectacle all by itself. That's how I felt after all those years in Ltl.

 

[Songremainsthesame]

Meanwhile, the original Consolidated struggled on before finally perishing in a spectacular 2002 bankruptcy. Its dirty, dilapidated, duct-taped fleet had become a spectacle all by itself. That's how I felt after all those tears in Ltl.

That was CNF’s doing… Emery Worldwide/CF Airfreight was bleeding money, and CNF had double breasted with the Con-ways… then they spun the original off to bleed and die on its own. Pretty shameful.

 

[Teamsta II]

8t

I think Jimmy Carter is just hanging on until he sees the last one gone.It was actually ted

I think Jimmy Carter is just hanging on until he sees the last one gone.

It was actually the swimmer, ted Kennedy who was the driving force behind deregulation. He wanted revenge on the the teamsters union and their mob allies for the death of his brothers.

 

[chappey]

Rumor was also, Kennedy family invested heavily in Overnite Trans., who knows?

 

[steercrazee]

Jimmy was following orders from Ted Kennedy. Joseph Kennedy, the bootlegger father of the Kennedy brothers went to the Teamsters for support during the campaign of JFK. After the election the Kennedy's turned on the Teamsters. RFK, was Attorney General & he went after the Teamsters once the Kennedys were in power. The family blamed the mob for taking out JFK. They thought deregulation would break the Teamsters. There are many theories about who was behind taking out JFK but I think the Kennedys thought the mob was responsible.

The mob was in bed with the federal govt and the federal govt was involved in the assignation. Our govt has been corrupt for a long time and its getting worse.

 

[steercrazee]

I hope A.B.F holds on and thrives and eventually maybe some other union carrier grows and pops on to the scene as a big player. Im at a non union place but i do believe we need union and non union carriers.

 

[Puff Driver]

Good story...Razorblade has ridiculed SOR when he has mentioned all the debt incurred by legacy companies to buy authority in certain areas, but there it is right in the article...."Suddenly the operating authority they had likely acquired piece by expensive piece over years and that bankers considered a tangible asset was worthless. Studies have pegged the industry wide loss of equity in the billions or even hundreds of billions of dollars. This created financial constraints for some carriers, and it was just the beginning."

Very true, did non union carriers such as Overnite take on debt to buy 'Rights'
They would be the major non union LTL carrier I can think of in business at deregulation.
I know others were around but I am unsure of their revenue.