lookout big cat peeps ..what will "brown do for yo

[tec1959]

RE: lookout big cat peeps ..what will

I agree with Joebob bigger Isn't better,Hey look at what Fedex CC did after they got Roberts Express the company was never the same and made to many changes to fit there overnight company or to try to,And alot of people didn't like It.

Now Ft.Wayne your right UPS and FedEx overnight Is not the same as Expediting...Just thinking here myself...

 

[Moot]

RE: lookout big cat peeps ..what will

Ft.Wayne, If Panther went public and if you were a shareholder, why would you care about UPS's track record if they were to start buying up Panther. As long as the price is right who cares. A bid by UPS would most likely drive up the price per share of Panther. In the end you would sell your Panther stock for a profit or excange it for UPS shares at which point you would own UPS. Then you may be concerned about how they operate their business.

Also if Panther went public the majority shareholders would probably be the Fenwick boys. And they are in it for the money. That's what they do.

 

[ATeam]

RE: lookout big cat peeps ..what will

It is not rumor but a fact that Panther announced its intent to go public and filed a preliminary prospectus with the SEC on June 2, 2006. It is also a fact that Panther filed updated documents on July 6 and 24, 2006. And it is a fact that no such documents have been filed since, no public offering has occured, and no official public explaination has been issued explaining why.

Documents:
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001364641&action=getcompany

Typically, when a company announces an IPO and files a preliminary prospectus with the SEC, the IPO follows fairly soon. I have no idea why it did not in Panther's case but would love to know. It is a disappointment to me that Panther did not go public. The disclosure documents all publicly-held companies must file with the SEC on an ongoing basis would have provided an information window into the operation of an established expediting company; information that expediters of all stripes could use in doing market analysis, competitive analysis and writing a business plan.

 

[grog111]

RE: lookout big cat peeps ..what will

In a way it would make sense. It seem's they would want to buy something with it's own infrastructure. Just like fed-ex, they would set it up as it's own entity so as not to have to deal with the union. No high salary's, no beny's, no vehicle overhaed. Shoot, why not! Panther already cover's load's for them, it would'nt take much adjustment. They would tell the driver's , just like they told us when i was with R.P.S.,(roadway package systems), "rest assured fella's, nothing will change".

 

[fortwayne]

RE: lookout big cat peeps ..what will

Moot -
That is where you are wrong - you should care about a companies track record. If Panther was to sell and if I was a shareholder, sure the price of the sell is critical, but stocks are generally a long term commitment for most people and if UPS has a poor track record showing an inabilty to make a profit in thier own expedite division I would balk at that option to sell to them. Now if we were talking about them buying another overnight package delivery service that would be a different story.


Fort Wayne
Boycott The Flyless J!

 

[Moot]

RE: lookout big cat peeps ..what will

It really doesn't matter how UPS runs their expedite company. If UPS bought Panther and ran it into the ground within a year I doubt it would have any effect on their overall stock price. Buying Panther would be a very insignificant contibution to the UPS bottom line. You as a stock holder would not notice any difference.

 

[tec1959]

RE: lookout big cat peeps ..what will

Moot i agree with you,But UPS may want Pll one day just like FedEX did when they bought Roberts Express.I hope that UPS never buys any Expediting company because those kind of companys just suck the profits out of the companys and their O/O's pockets (ie:Fedex with Roberts Express).

 

[Moot]

RE: lookout big cat peeps ..what will

Don't forget that Panther was acquired in 2005 by Fenway Partners.

 

[Jefferson3000]

RE: lookout big cat peeps ..what will

I'm sure there will be someone with even more facts on the buyout of Roberts and how it relates to this thread, but here is something we probably don't want to hear:

First of all, let me say I am not the anti-fecc or anti-Panther guy. I have too much to do in regards to my own business to care about the truckstop rivalries. Hopefully, you like the carrier you are with, whomever they might be. That being said, here is what I know in my limited brain.

Expedite is not all that important to any conglomerate's bottom line. It is a specialty service offered and that is all that it is. It is only important to a company's bottom line if that company is focused as an expediting company. Federal Express was not trying to aquire Roberts because it wanted to get into expediting. FE wanted RPS and Viking, which were being offered to them by Roadway. Roberts was merely one of a couple of companies that Roadway wanted out of as well, so they forced Fedex to buy these as well in order to have what they wanted: RPS (ground package service) and Viking (LTL).

Some of the former Roberts people might be able to help me out on this. How far am I off from the way this all went down?


Drive Safe!

Jeff

Driver for 15 years
O/O for 13 years
OOIDA #829119

 

[tec1959]

RE: lookout big cat peeps ..what will

Jefferson3000,Yes you are right I was a driver for a O/O with Roberts Express and then FedEx CC.I was there for almost 10 years and Roberts was just In the group,With that said I was stating that when Larger companies like FedEx and UPS buys a company like Roberts Express and Pll they just suck almost all the profits out of the company and the Owners pockets.But that Is just how I see It I maybe wrong completely wrong.

 

[Tennesseahawk]

RE: lookout big cat peeps ..what will

I see it more likely a company like JBHunt or Swift would spend the money to get into expediting. This is an industry where lowballing kills competition, and those two are experts at it.

-Vampire Super Slooth Trucker!!!

 

[ATeam]

RE: lookout big cat peeps ..what will

Tennesseahawk,

Cut-throat price competition and low balling is a constant theme with you. If expediters have nothing but lower rates to look forward to, what keeps you in the business?

 

[redhotxpress]

RE: lookout big cat peeps ..what will

"First, when Panther goes public, the sell of the company will have to win approval from the stock holders.
Those stock holders will be looking for two things in general. (1) the best financial offer and (2) the best business plan to grow the economic stabilty and profit of the company."

"UPS is finding it difficult to get their actual own expedite services division up and running, finding the customer base and then expanding on that base."

since Panther isn't public yet seems like if it were true, this would be the best time for it to happen, then they don't have to have shareholders approval.

and if UPS is having a hard time running their own expedite and getting it going, seems like a good reason to buy an established expedite business...like billyjoejimbob (i like the nostradumbarse--ha!!) said.

 

[greg334]

RE: lookout big cat peeps ..what will

I love this statement;

"First, when Panther goes public, the sell of the company will have to win approval from the stock holders.
Those stock holders will be looking for two things in general. (1) the best financial offer and (2) the best business plan to grow the economic stabilty and profit of the company."

No... they do not have to have everyone's approval, the majority stock holder can make that decision, who I assume will be the fenway people and they can get this by the rest without a problem, seen it done a few times in the Pharma industry.

As for a buyout, I don't think UPS will just purchase another company until they get a real grasp on what they have and the market potential, which Panther can not speak in their terms to convince them otherwise. I honesly think UPS has some real potiential but they are typical as all compaines their size, lets pt to gether a fact finding commitee first than we figure out what we are studying later.

However, I see the possiblity of hiring specific people from Panther and FedEx to put something together, but who really knows - it is all speculation anyway and UPS is an equal with FedEx who can if they really wanted to stomp on Panther to dwindle Panther's market share to prevent a sale - before anyone starts anything, NO this is not panther bashing just look at the revenue and profit of each company.

 

[Moot]

RE: lookout big cat peeps ..what will

In post # 21 I referred to Fenway Partners as The Fenwick Boys. My booboo. Hey both begin with the letters f-e-n-w. Cut me some slack. What do I know? I own and drive a van.

 

[joebob1_30132]

RE: lookout big cat peeps ..what will

> billyjoejimbob (i like
>the nostradumbarse--ha!!) said.

Billyjojimbob..Hey!!what the H@ll,, :7 :7 Mom was a big fan of "The waltons" got a problem with that redhotexpresso...huh huh
"Good night redhotellensue"

 

[Tennesseahawk]

RE: lookout big cat peeps ..what will

"Tennesseahawk,
Cut-throat price competition and low balling is a constant theme with you. If expediters have nothing but lower rates to look forward to, what keeps you in the business?"

Rose colored bull excrement and self-gratification is a constant theme with you, so what's your point? Maybe the fact that me and others who see the business from a different view than you do... ie, your qualcomm, are more interested in the inner workings than just a "do a load, collect a paycheck" attitude. Does that scare you, Phil? Does it go against your core Phil-osophy? Maybe by saying some scary stuff (facts) would make ppl really look seriously at this biz before they did something they'd truly regret... like being talked into buying an expensive toybox.

What keeps me in this business is the goal of carving out my own niche, and to put food on the table for my wife and kids. The fact that I know what's happening helps me evolve, hoping to overcome the things that I believe will happen. It's been said before that the strong get thru the lean years of expediting even stronger. I'm working toward being strong, so I too will survive.

Knowing what MAY come makes one more capable if it happens. If FXCC folded tomorrow, I'd hate to see how you handle it. Rosey pictures don't make truck payments.

-Vampire Super Slooth Trucker!!!

 

[BigBuzd1]

RE: lookout big cat peeps ..what will "brown do fo

and agin
>chaning auto industry...really thats all Pll has...


Hmmm, I have to contradict you on this one....I haven't run a single auto load in weeks, and we've been running steady!
As for everything else you've said after that...I didn't read it.

 

[fortwayne]

RE: lookout big cat peeps ..what will

Enough already.
Will UPS buy Panther?
Well, since everyone else has entered their thought, so will I.
No, I do not thing they will. Afterall, the current owners and investors of Panther have worked to continue the growth of the company and have added several assets through purchases.
I believe Panther will acquire at least one of the following expedite companies in a quick way to increase their assets, increase their customer base and eliminate price competition.
Those target companies will include: Bolt Express, Tri-State and Nations Express.
Bolt Express will provide a steady supply of automotive business at a cheap price, Tri-State would provide a solid customer base increase while eliminating price competition and Nations Express would cement Panthers hold on the lower east coast.
Once again, this is just my thoughts, I could be wrong but I doubt it. Give this purchase thing about six months to come to life and we will see, but I do not see UPS being anywhere in the picture.


Fort Wayne
Boycott The Flyless J!

 

[Moot]

RE: lookout big cat peeps ..what will

Investment groups such as Fenway buy and sell companies. With their profit being made more on the sale than the operation of companies they own. Sometimes they buy publicly traded companies, take them private and then sell them piecemeal. Or they buy private companies, fluff them up and go public. I can see them buying another expedite company. Especially one that is going through hard times financially. Or one that isn't producing enough profit to meet corporate expectations such as Con-Way. I think the term is "value added". (puke, puke)

It's like fixing up a house. Some paint, new windows, new roof and hopefully turn it for a profit. Fenway will sell Panther to UPS, FSC, LMAO or MOOT if the price is right. Because that's what they do. I don't believe the group that bought Chrysler is looking to get into the automotive industry long term. But anything can happen.