smokin'joe
Just Smokin' the Blues...
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They said the same to about truckload before they did . They don’t want to set a panic in motion."We don't intend on selling off the North American LTL unit."
Possibly bitten off more than he can handle.He can’t get traction on Wall St
Ya think ! He’s is liquidating before he exits . G a u r a n t e e d . The parts are worth more than the whole !Possibly bitten off more than he can handle.
He wants more value of xpo stock by spinning off possibly 4 xpo segments as stand alone separate companies thus creating more value for the remaining segments.https://www.wsj.com/articles/xpo-lo...c-alternatives-for-business-units-11579129901
from the article
"The banks have been “mandated to run four simultaneous auction processes” for XPO’s European transportation and supply chain units, its supply chain business in the Americas and the Asia-Pacific regions and the company’s North American transportation unit, excluding its less-than-truckload business, XPO Chief Executive Bradley Jacobs said in an interview."
“We may not sell all four, we may sell none,” said Mr. Jacobs.
Should all the businesses end up being sold, he said, “I would still be CEO, but I would be CEO of a fast-growing, pure-play LTL company with a lot of liquidity.”
Couldn’t continue his roll up strategy so he was left no option . It takes too long to make money organically the traditional way .He wants more value of xpo stock by spinning off possibly 4 xpo segments as stand alone separate companies thus creating more value for the remaining segments.
When asked by mad money Jim Cramer if a deep pocketed corporation offered $10b or more for the whole shooting match... would he sell it. Jacobs digressed by responding that he couldn’t or wouldn’t go there. Maybe that’s his plan... to lure a potential buyer to scup up the whole company as is b4 he breaks it up.
Look even your great CCX did grown the traditional way eitherIt takes too long to make money organically the traditional way .
Couldn’t continue his roll up strategy so he was left no option . It takes too long to make money organically the traditional way .
Ltl is the only entity that he has to keep people in place through this process and he definitely doesn’t want guys calling the union in to protect what they have now in an impending sale . That would not go well for prospective buyers .
Couldn’t continue his roll up strategy so he was left no option . It takes too long to make money organically the traditional way .
Ltl is the only entity that he has to keep people in place through this process and he definitely doesn’t want guys calling the union in to protect what they have now in an impending sale . That would not go well for prospective buyers .
Couldn’t continue his roll up strategy so he was left no option . It takes too long to make money organically the traditional way .
Ltl is the only entity that he has to keep people in place through this process and he definitely doesn’t want guys calling the union in to protect what they have now in an impending sale . That would not go well for prospective buyers .
True Sucker... so perceptive, the Union factor totally escaped me on why he may want to hold xpo LTL close to the vest and maybe play them later somehow after the union threat is gone.Couldn’t continue his roll up strategy so he was left no option . It takes too long to make money organically the traditional way .
Ltl is the only entity that he has to keep people in place through this process and he definitely doesn’t want guys calling the union in to protect what they have now in an impending sale . That would not go well for prospective buyers .
yes we did for many years until the competition caught up to us.Look even your great CCX did grown the traditional way either
Not so much worried about the current amount of terminals being union but what if many more got wind of a potential buyout was eminent they could run to the union to protect themselves in a buyout.True Sucker... so perceptive, the Union factor totally escaped me on why he may want to hold xpo LTL close to the vest and maybe play them later somehow after the union threat is gone.
Just speculating !
But you don't have a contract with XPO right now, you are in talks. So if XPO sold the LTL part as far as I read the new owner would not have to abide anything the teamster or XPO have agree on. Now if you had a signed contract then that's a different story.Not so much worried about the current amount of terminals being union but what if many more got wind of a potential buyout was eminent they could run to the union to protect themselves in a buyout.
Plus particularly in Ltl customers will pull freight in uncertainty which would be disastrous.
Again , status Quo . 2 Conway terminals were union when Xpo bought Conway out .But you don't have a contract with XPO right now, you are in talks. So if XPO sold the LTL part as far as I read the new owner would not have to abide anything the teamster or XPO have agree on. Now if you had a signed contract then that's a different story.