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XPO Logistics Ready To Buy Again

Discussion in 'General Expediter Forum' started by DollarSign, Sep 14, 2017.

  1. DollarSign
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    DollarSign Veteran Expediter Owner/Operator

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    I was watching Tv and flipping channels and saw Brad Jacobs. Mr. Jacobs said that coming soon they could acquire someone up to $7 to $8 billion dollars without adding debt to the company. He also said it could be soon. Wonder what's next and who?
     
  2. Worn Out Manager
    Amused

    Worn Out Manager Veteran Expediter Owner/Operator US Air Force

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    We're safe, that's not nearly enough to cover Crossroads

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  3. ntimevan

    ntimevan Veteran Expediter Owner/Operator

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    my Poking sticks are donated by OVM Mfg. of Bison , SD.
     
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  4. Ragman
    EO4ME

    Ragman Veteran Expediter Driver

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  5. piper1
    Adorable

    piper1 Veteran Expediter

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    269_001.jpg Fixed it for ya.
     
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  6. danthewolf00
    Batty

    danthewolf00 Veteran Expediter

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    So who's the biggest trucking company besides xpo and panther/abf?
     
  7. DollarSign
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    DollarSign Veteran Expediter Owner/Operator

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    He could go into a different direction. Maybe not into expedite. The key words were "up to" that dollar amount. Could be anyone. Just thought it was interesting.
     
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  8. Steady Eddie

    Steady Eddie Veteran Expediter Owner/Operator

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    Think bigger. Non-Expedite.


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  9. danthewolf00
    Batty

    danthewolf00 Veteran Expediter

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    Airplanes? Or a very large trucking company.
     
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  10. Treadmill
    Caffeine Fix

    Treadmill Veteran Expediter Owner/Operator

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    Could it possibly be Landstar?
     
  11. Worn Out Manager
    Amused

    Worn Out Manager Veteran Expediter Owner/Operator US Air Force

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    Ceva or Roadrunner.

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  12. Steady Eddie

    Steady Eddie Veteran Expediter Owner/Operator

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    My first thought was LandStar, will need a few others to fulfill that dollar amount. LandStar fits his plan.


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  13. Moot
    Confused

    Moot Veteran Expediter Owner/Operator

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    Think Europe, although Land Star being a non-asset based company certainly could be a target. I'm amazed his buying spree continues after paying 3 billion for Con-Way.
     
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  14. beachbum

    beachbum Veteran Expediter Owner/Operator

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    I do know one thing, express America has lot less trucks leased on then 6 years ago. I could be wrong.

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  15. DollarSign
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    DollarSign Veteran Expediter Owner/Operator

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    I think before he sold CFI, XPO was at $5.1 billion in the hole. I think now there still over $4 billion! He did mention Europe about it takes so long to get goods and services to you.
     
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  16. xmudman

    xmudman Veteran Expediter Owner/Operator

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    DHL?
     
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  17. geo
    Bashful

    geo Veteran Expediter Charter Member Owner/Operator US Navy

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    when eagle log was bought out, Apollo, bought out 3 companies at same time, and took one letter from each of companies to make name ceva, e is for eagle, a . is for apolla, c and v don't know who they are , they never said
     
  18. Moot
    Confused

    Moot Veteran Expediter Owner/Operator

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    DHL is a subsidiary of a German company but either part or the whole works could be a possible acquisition. Probably depend on Germany's legalities concerning foreign ownership.
     
  19. DollarSign
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    DollarSign Veteran Expediter Owner/Operator

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    Ask UPS about buying a Germany company. They were buying a air package company over there. That company was #2 or #3 behind DHL. That was a couple years ago, don't know if it went through. I do know it was tough.
     
  20. Darmstadter
    Arthritic

    Darmstadter Expert Expediter

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    He never said that it would be one big acquisition. It could be several smaller ones.
    I wouldn't be surprised if it is Ceva. They were mentioned in an article a few months ago about being eyed by Geodis.
     
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