XPO to sell pieces of itself, or will OntarioVanMan get his dime.

[Ragman]

Any XPO drivers that are still members of EO care to comment.

XPO Logistics explores sale or spin-off of one or more of its businesses

XPO Logistics CEO Bradley Jacobs is looking to take shareholder value creation to the next level.

finance.yahoo.com

 

[DollarSign]

I guess so when your over $4 billion in debt!

 

[Steady Eddie]

“Get his dime” that’s funny right there.


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[Ragman]

“Get his dime” that’s funny right there.


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Well, he was the one complaining all over the internet about wanting his dime back.

 

[NorthernBill]

I’d say, good marketing of the brand. Article stated stock price traded higher. As for the dime, it’s now worth about a nickel.

 

[Worn Out Manager]

Just my nickels worth, but why would the XPO, Load 1, FedEx CC, etc. Want to keep a fleet of vans on the road when, given today's market, they can job out Sprinter freight to smaller carriers for less than they are splitting with their O/I'd?

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[Ragman]

Just my nickels worth, but why would the XPO, Load 1, FedEx CC, etc. Want to keep a fleet of vans on the road when, given today's market, they can job out Sprinter freight to smaller carriers for less than they are splitting with their O/I'd?

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Perhaps some unnamed CEO of an unnamed carrier might chime in with an answer.

 

[Grizzly]

Just my nickels worth, but why would the XPO, Load 1, FedEx CC, etc. Want to keep a fleet of vans on the road when, given today's market, they can job out Sprinter freight to smaller carriers for less than they are splitting with their O/I'd?

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I'm assuming because they don't own most of the vehicles. Why not keep their branded vans going? I don't think there's a focus on cargo vans anymore. The segment has been in the crapper for years ... but it still makes money. It's a piece of the pie, however big or small, it still adds to the bottom line.

It would be really interesting to find out what percentage of cargo vans loads, for each carrier, get covered in house vs brokered? Whatever that percentage may be, there's confidence the portion being done in house is done correctly. Insurance, level of service, etc ... There are relationships with customers to be considered.

 

[Tennesseahawk]

I’d say, good marketing of the brand. Article stated stock price traded higher. As for the dime, it’s now worth about a nickel.

$5.25B in debt... I'd say a little too eager to expand.

 

[OntarioVanMan]

“Get his dime” that’s funny right there.


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actually is funny!...LOL

another way of looking at it....if paid hourly...at 60MPH..it translates into a $6.00 an hour pay cut..
Rags how well would that have gone over with you?....

 

[Ragman]

Rags how well would that have gone over with you?....

I dont know, i wasnt paid like everybody else. I had a quite unique deal with my truck owner.

 

[LDB]

You don't have to have been paid that way to understand and form an opinion. Would $6 less for the same hour's work matter?

 

[Ragman]

You don't have to have been paid that way to understand and form an opinion. Would $6 less for the same hour's work matter?

Of course not, however, we chose not to be paid by the hour when we got into trucking, so its a moot point.

 

[Worn Out Manager]

Of course not, however, we chose not to be paid by the hour when we got into trucking, so its a moot point.

I read back, and NO, moot did not say that!

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[Ragman]

I read back, and NO, moot did not say that!

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Wize guy.

 

[OntarioVanMan]

I dont know, i wasnt paid like everybody else. I had a quite unique deal with my truck owner.

you definitely are unique...

 

[OntarioVanMan]

You don't have to have been paid that way to understand and form an opinion. Would $6 less for the same hour's work matter?

Thanks for recognizing the spin I put on the numbers...I missed my calling I think...I should have gotten into a recruiters position...