In the 60's/70's or so not so regulated as now....but even in Canada it was crime family controlled..
Express 1 Buyout
- Thread starter Hyperdrive
- Start date
In the 60's/70's or so not so regulated as now....but even in Canada it was crime family controlled..
I highly suspect no impact on the expedite sector...
tenntrucker
Expert Expediter
Maybe they will sign up more vans.
Posted with my Droid EO Forum App
Posted with my Droid EO Forum App
greg334
Veteran Expediter
No impact on the market or their operations?
I would expect a possible contraction because of the competition with a shift into other areas of transportation.
Settled? Ya/no. All I know is my XPO stock went up substantially this week. So......whatever is happening.......keep on happening.
I would say operation....expedite hardly gets any flow thru business from the other divisions...and what loads come up on the boards are sold for a real profit to other carriers....heck I was sitting in Birmingham Al when 2 Bounce loads came up...our dispatch claimed they knew nothing about them...Their expedite division is down where they want it....operators rates are trimmed, down a flat rate FSC...it's making tons of dollars...
Pretty much a stand alone operation...who knows..it might even get sold off....ExpressLoad1 sounds good...
Shhhhh - John might hear ya.
Hey the Whirlpool account is worth a lot of bucks!! just that alone makes one want to look at it....
I had the same thing happen down there. Michael told me bounce was mostly semi work so it often didn't show up for dispatch.
If you were trying to make a reasonable comparison I think you failed, lol.
Can ya ever have too many Johns?
I too am inclined to give Jacobs credit where credit is due. He has a proven track record of building large companies by identifying an attractive market segment and building through acquisition. He did not come up with $150 million to invest because he was lucky. He may not be immediately familiar with the details of operating an expediting carrier but based on results, he seems to know more about business most.
His grand plan may include a focus on brokerage and freight forwarding and to exclude expediting altogether from the multi-billion-dollar company he intends to build. Or, he may plan on rocking expediting's world such that his company will be number one in the expediting industry. Nothing stated in the news reports so far points to either one of these outcomes. We'll just have to wait and see.
I wonder, how many small expedting carrier owners might be looking at Jacobs as the godsend who will take their companies off their hands and free them to buy an RV and live the good life?
Yesteryear
Expert Expediter
I think it is fabulous that Jacobs believed enough in our company to INVEST 150 million dollars in it! It says a lot for how great our company is.
Ya know, the then . . . when Susan called us in Oct of 2009 and said our truck was being pulled from Tri-State and placed with Express-1 we were so upset I was actually crying! The now . . . It was the BEST thing that ever happened to us in expediting! We have grown to realize that Express-1 is the BEST expedite company out here! We have never once been asked to take a reduced rate load, we run good miles, and every day dispatch re-affirms our belief in our company. Our dispatchers work hard for us, they get us loaded in places where we would have had to dead-head from when we were with Panther or Tri-State. They are always polite and never try to badger or intimidate a driver into taking a load they do not want to do and NEVER offer REDUCED rates! Bottom line . . . we are what all the other companies wish they were and I firmly believe this! I would say Mr. Jacobs obviously believes as I do! Express-1 = NUMBER 1
Ya know, the then . . . when Susan called us in Oct of 2009 and said our truck was being pulled from Tri-State and placed with Express-1 we were so upset I was actually crying! The now . . . It was the BEST thing that ever happened to us in expediting! We have grown to realize that Express-1 is the BEST expedite company out here! We have never once been asked to take a reduced rate load, we run good miles, and every day dispatch re-affirms our belief in our company. Our dispatchers work hard for us, they get us loaded in places where we would have had to dead-head from when we were with Panther or Tri-State. They are always polite and never try to badger or intimidate a driver into taking a load they do not want to do and NEVER offer REDUCED rates! Bottom line . . . we are what all the other companies wish they were and I firmly believe this! I would say Mr. Jacobs obviously believes as I do! Express-1 = NUMBER 1
greg334
Veteran Expediter
"he may plan on rocking expediting's world such that his company will be number one in the expediting industry."
He's got a long way to go but I can't see it happening in an "expediting industry" because I don't see an expediting industry. Maybe in transportation and if so, it begs the question who else does he have to 'acquire' to make it happen?
He's got a long way to go but I can't see it happening in an "expediting industry" because I don't see an expediting industry. Maybe in transportation and if so, it begs the question who else does he have to 'acquire' to make it happen?
Yesteryear
Expert Expediter
He started good with his investment. . . you can't make the number 1 expediting company number 1! You can only keep it number 1!
boy....what a perspective from just a drivers side.....try being an owner....and I think she either drives for ES or Jung...the ones E-1 kiss hiney too with special fleet incentives. yup 40% of a buck 12 is a good deal....