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Express-1 Investor Eyes Intermodal Brokerage

OntarioVanMan

OntarioVanMan

Retired Expediter
Owner/Operator
To continue my intermodal tirade...

Express-1 Investor Eyes Intermodal Brokerage | Journal of Commerce


“There are four verticals within the brokerage space that, together, represent a very large acquisition universe — about $200 billion in aggregate,” Jacobs said.

Long-haul domestic freight increasingly is shifting to intermodal as over-the-road truckload capacity tightens, making intermodal options more important for brokers and third-party logistics companies.
 
mcavoy33

mcavoy33

Seasoned Expediter
"Express-1 increased sales 9.3 percent from a year ago in the second quarter to $44.1 million, but its profit dropped as it hauled a high volume of freight at lower rates."

Then when I clicked on the link, I got more details

Express-1 Profit Falls 39.2 Percent | Journal of Commerce

"Greater reliance on high volume customers paying lower rates drove second quarter profit down 39.2 percent year-over-year at Express-1 Expedited Solutions, despite higher revenue."

"Express-1, the company’s expedited trucking division, increased its sales 12.2 percent to $23.1 million, but operating profit dropped 18.9 percent to $2 million. The division is the fifth-largest U.S. expedited trucking business ranked by revenue, according to SJ Consulting Group, with $77 million in sales last year."


Kind of confirms what's often said on EO, more miles doesn't equal more profit.
 
OntarioVanMan

OntarioVanMan

Retired Expediter
Owner/Operator
They'll just have to cut the rates to operators again to bump up the bottomline...:rolleyes: It worked before..
 
chefdennis

chefdennis

Veteran Expediter
Mcavoy wrote:

Kind of confirms what's often said on EO, more miles doesn't equal more profit.
Click to expand...

From OVM's tagline:

Drive less...Make more...
Click to expand...

Dang I love leasing to Load 1...i am under ..... total miles this week both LH and DH, and so close to ..... that I can spit at it..and i have no doubt I will be well over it by the end of the day, ok the week...:D

Edited because it goes against the new self enacted policy of posting miles and pay so to keep new people from applying at LOAD 1....LOL...:)
 
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chefdennis

chefdennis

Veteran Expediter
LOL, yea and the "company" isn't as good either...but there is a Logans Roadhouse just across the parking lot that is calling me to lunch!!! Haven't had a good steak for lunch in a while!!!:D

Stop up, i owe you, ill buy!!!:D
 
scottm4211

scottm4211

Veteran Expediter
Owner/Operator
OntarioVanMan said:
Xiggi was half asleep and he turned down one to Gaylord this morning....who goes there anyway? LOL....Chef got lucky once I heard....but it really is luck...to get anything out of there...
Click to expand...

I dunno, the place we dropped had lots of loads going out that matrix was doing, but yeah, I learned my lesson. Again. :p
 
chefdennis

chefdennis

Veteran Expediter
OVM wrote:

....who goes there anyway?
Click to expand...

Speaking on going to Gaylord Mich... total miles, paid...i could afford to DH out down to Saginaw "J" on my own dime and still make money...:D

Oh, and I'll go again...:)

And oh oh , the run out, was at total of .... miles , thats DH and LH..it paid $.....:D

Edited by chefdennis as it goes against the self imposed ban on posting miles and pay as to stop people from appling at load 1 because of our #'s...LOL :)
 
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OntarioVanMan

OntarioVanMan

Retired Expediter
Owner/Operator
I don't know what Xiggi was offered...He WAS half asleep...we dicussed IF the rate was high it would be acceptable....but it never got that far...in discussion...
 
chefdennis

chefdennis

Veteran Expediter
I have been to Grand Travse bay and Gaylord 3-4 times since bing with load 1 and then add in Tawas and east tawas a few times, they have always paid very good...
 
OntarioVanMan

OntarioVanMan

Retired Expediter
Owner/Operator
chefdennis said:
I have been to Grand Travse bay and Gaylord 3-4 times since bing with load 1 and then add in Tawas and east tawas a few times, they have always paid very good...
Click to expand...

add in the fact he had just 4 hours sleep...and Gaylord just well sounded all wrong...LOL
 
highway star

highway star

Veteran Expediter
Owner/Operator
Not a bad idea to give it a day when you're in Gaylord. I live about 60 miles east and I've picked up all over up there. Of course, I do go down to Saginaw quite a bit. Doesn't hurt to try though...
 
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