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UPS /Panther rumor

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darkunicorn

Seasoned Expediter
Any truths to a UPS buy out of or merger Panther expedite?
Have heard enough rumors now any one in authority know any thing about this?

Before any one denies any thing was in contact today with an UPS official and was told its some thing they was looking at but would not say any thing further.

What prompted me to check in to this is a UPS employee hinted he heard and he was part of another acquisition of UPS’s, he said the word is they are falling behind FedEx and that is driving them nuts and the fastest way to catch up would be to buy the biggest expedite company out there that’s a quote from the employee not UPS official.

hope this generates fact and not another can of worms if it does I'm sorry in advance!

Alvin
 
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panthervanman

Seasoned Expediter
I heard this about three weeks ago but I don't even think about it cause you know how stuff gets started. I'm not sure if it would be good or bad. I thought panther buying conway would be good but I haven't ran one new account since the buy out. Thats why I find it hard to belive that all their drivers are crying in their beer about panther now. Who is getting all their old loads if we aren't???? I think if it is true that it may help p2 cause of the ammont of freight that ups handles on a daily base.... hey remember lets all be safe out there, FROM THE WORLD FAMOUS VANMAN:7 :7 :7 ;-)
 
greg334

greg334

Veteran Expediter
Look when you speak of FedEx and UPS or for that matter DHL – the expediting divisions are not large additions to the bottom line. They are in many ways only augmenting the existing services, unlike Panther ii.

If UPS, who is just really starting out in this segment of the industry, is worried about their market share being down I would think that the people who strategize the corporate direction and decision would not likely just buy a company to increase a market share. Large companies think a lot differently than small ones like Panther.

Like FedEx, UPS’s revenue are in the BILLIONS, not millions and it is not always fleet size that matters but branding, being able to handle market shifts and offering real solutions to customer’s problems. But when you talk about overall fleet size, Panther has a small amount of trucks to move things in comparison.

Panther, as much as they are good and large, can’t really compete with a company that can pick up a 5000 lb pallet (or even 20000 lbs), put it on a plane and deliver it within HOURS across the country, not days and absorbed the cost without effecting its’ bottom line.

So I would think it is possible to have this happen but before they go through an acquisition after they already did an acquisition, I would think that they would start dumping money into marketing, getting the division caught up on technology, bring in consultants and getting policies and procedures, for that matter everything else aligned with corporate.

I am not Bashing Panther ii at all, but pointing to facts.
 
ATeam

ATeam

Senior Member
Retired Expediter
>Any truths to a UPS buy out of or merger Panther expedite?
>Have heard enough rumors now any one in authority know any
>thing about this?
>
>Before any one denies any thing was in contact today with an
>UPS official and was told its some thing they are looking at
>but would not say any thing further.

To keep people from denying the rumor, and to help us all know you are not yourself stiring the rumor pot, it would be helpful to know the name of the UPS official you talked to, and the context of the conversation, and the nature of being "in contact" (face-to-face at a UPS office? telephone? truck stop counter with a UPS driver?).

I've killed many rumors at their source by simply asking, "Who told you?" I'm asking you now, "Who told you?"

>
>What prompted me to check in to this is a UPS employee
>hinted he heard and he was part of another acquisition of
>UPS’s, he said the word is they are falling behind FedEx
>and that is driving them nuts and the fastest way to catch
>up would be to buy the biggest expedite company out there
>that’s a quote from the employee not UPS official.

"...a UPS employee hinted he heard...." Does not sound authorative enough to even mention on EO, let alone associate yourself with such vague info.

>hope this generates fact and not another can of worms if it
>does I'm sorry in advance!
>
>Alvin

It appears to me, Alvin, that you are the one with the can opener in hand.
 
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pantherii

Expert Expediter
I heard the rumor too, from a high ranking official at ups, which wishes to remain anonymous, and SIR I DO NOT REVEAL MY SOURCES
 
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darkunicorn

Seasoned Expediter
yeah who knows if it would be a good thing or bad thing its some thing of a wait and see. and he said was thinking didn't say past tense or present tense when I asked that he said yes. what kind of answer is that? its a just get off the phone and don't get me fired question I think!
 
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darkunicorn

Seasoned Expediter
The person that got me to call the company was more than a driver was a terminal manager. The person at corporate is a relative doubt he’d want me telling his name on here do you?
And also I missed quoted didn’t say are said was looking at like are sounded to me but I asked if he meant past tense or present and he just said yes so if I do give him up he’d have deniability I suppose.
Gotta love/hate the cooperate red tape don’t you? Because I heard the same type of things about con-way and had asked before buying a brand new truck if this was true or not and was lied to so like then time will most likely be the only way we going to know. Bad thing is most likely would of still bought a new truck but would have been setup differently!

so why did I bother to ask? just hopeing we'd get a straight answer for a change! asking too much though isn't it?
 
T

tec1959

Expert Expediter
Maybe thats why UPS Is not taking on anymore trucks at the moment,This maybe something to do with It...
 
ATeam

ATeam

Senior Member
Retired Expediter
The trouble with "sources" is anyone can fabricate anything and attribute them to a source, and then defend the unfounded statement as if it was credibile by cloaking it in the virtue of not revealing sources.

Just five minutes ago, I spoke not with one, but two high-ranking officials at UPS. They both denied the rumor. But they did so in strict confidence and I too do not reveal my sources.

Now, will you come up with four officials to trump my two? How about just two officials but yours are better dressed dressed than mine and they both dive American cars? You see, we can come up with anything we wish as long as we don't have to reveal our sources. The fact that today's media regularly conducts such acts does not make it right.

A UPS purchase of Panther would indeed be significant news, if it was real news. It would be news if UPS was even considering such a move. But other than not revealing your sources, can you do or say anything to substiantiate the rumor?

While protecting your source may be commendable, spreading information that you cannot further substantiate is irresponsible.

People can make ill-advised truck purchase decisions on false rumors just as easily as on rumors that turn out to be true. Indeed, people who make truck decisions based on rumor at all are setting themselves up for trouble down the road.

If you're intent is to protect potential truck buyers, is it not best to provide facts you can substiantiate instead of rumors you cannot?
 
davekc

davekc

Senior Moderator
Staff member
Fleet Owner
As of today it is just that....a rumor.
No deals in the works.









Davekc
owner
22 years
PantherII
EO moderator
 
M

MikeC

Seasoned Expediter
Interesting posts from the A Team. He wants sources named but I remember several years ago when he had a "high level team" to build his truck. He was asked by numerous ppl who his sources were and he would not identify them. So,if he is protective about his sources why can't other folks be.

But back to the main topic,forget Panther,Conway ,think of Fennway. Panther is probably on the block right now on a confidential basis to a select few for possible sale. These negoations are at a fairly high level and contractors and low level employees are the last to know. Remember what happened to the Conway folks,they got phone calls on a Saturday morning.
 
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pantherii

Expert Expediter
as of tomorrow it could be a fact, according to my source, you will not get any notice just liket the conway buyout
 
greg334

greg334

Veteran Expediter
Boy did I miss out when I was taking lessons from Parke-Davis/Agoron buy out.

Pantherii said; " as of tomorrow it could be a fact, according to my source, you will not get any notice just liket the conway buyout;

So as I sat here and read all of this, I decided to call my accountant to see if he heard anything. He called one of his friends and then that person call someone named Thompson who called someone named Beystihner who called some guy named Bob or Rob Stoffell or something like that. I have no clue or care who these guys are other than I know they have some decision making powers in UPS.

Here is what I am told – note this is not a quote but close enough; NO! If we were, we would not tell anyone below our upper managers and the consulting teams we hire to do the work. We always are looking for opportunities but mergers and acquisitions are closely guarded secrets and not for public forums. Most people who are in the lower management positions don’t have a clue what is going in regards of corporate strategy and they should not be concerned. Also if the company we are in discussions with disclose information, it would stop all negotiations immediately.

This makes sense, especially the last sentence.

Oh they did say they saved a lot on car insurance.

Now there are names, I can’t confirm anything because I didn’t talk to them directly. So if you know any of them, ask them. Also if you know who they are tell us.

This is one of those funny posts where people believe something so strongly that well they believe it to be true.
 
S

slinger44

Seasoned Expediter
Dr. Phil is correct. The US government wrote the book on mis or unreliable info. Still, it does serve a purpose.

WAG THE DOG!
 
davekc

davekc

Senior Moderator
Staff member
Fleet Owner
>Interesting posts from the A Team. He wants sources named
>but I remember several years ago when he had a "high level
>team" to build his truck. He was asked by numerous ppl who
>his sources were and he would not identify them. So,if he is
>protective about his sources why can't other folks be.
===========================================================
An observation I would have to agree with. Probably not a place for the Ateam to be beating any kind of drum based on a past full of secrets relevant to his first truck build.

Davekc
owner
22 years
PantherII
EO moderator
 
fastman_1

fastman_1

Veteran Expediter
Owner/Operator
Bottom line is whatever Company we drive for could be sold by Midnight if the cash was right.








































Owner/Operator since 1979
Expediter since 1997
B Unit Semi Retired
Somedays are Diamonds and Somedays are Stones
Home is Wherever you Park.
 
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