I was watching Tv and flipping channels and saw Brad Jacobs. Mr. Jacobs said that coming soon they could acquire someone up to $7 to $8 billion dollars without adding debt to the company. He also said it could be soon. Wonder what's next and who?
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We're safe, that's not nearly enough to cover Crossroads
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OVM Mfg..... only if a Cash sale ....
my Poking sticks are donated by OVM Mfg. of Bison , SD.
OVM Mfg..... only if a Cash sale ....
my Poking sticks are donated by OVM Mfg. of Bison , SD.
danthewolf00
Veteran Expediter
So who's the biggest trucking company besides xpo and panther/abf?
danthewolf00
Veteran Expediter
My first thought was LandStar, will need a few others to fulfill that dollar amount. LandStar fits his plan.
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I do know one thing, express America has lot less trucks leased on then 6 years ago. I could be wrong.
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I think before he sold CFI, XPO was at $5.1 billion in the hole. I think now there still over $4 billion! He did mention Europe about it takes so long to get goods and services to you.
DHL is a subsidiary of a German company but either part or the whole works could be a possible acquisition. Probably depend on Germany's legalities concerning foreign ownership.
Ask UPS about buying a Germany company. They were buying a air package company over there. That company was #2 or #3 behind DHL. That was a couple years ago, don't know if it went through. I do know it was tough.
Darmstadter
Veteran Expediter
He never said that it would be one big acquisition. It could be several smaller ones.
I wouldn't be surprised if it is Ceva. They were mentioned in an article a few months ago about being eyed by Geodis.
I wouldn't be surprised if it is Ceva. They were mentioned in an article a few months ago about being eyed by Geodis.