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Knight-Swift acquires AAA Cooper

Discussion in 'Questions From New Drivers' started by Dockbumper, Jul 7, 2021.

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  1. Jul 7, 2021 #1
    Dockbumper

    Dockbumper Road Train Member

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    Dockbumper, Jul 7, 2021
    Dockbumper, Jul 7, 2021
    #1
    jamespmack Thanks this.
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  3. Jul 7, 2021 #2
    streetglider

    streetglider Medium Load Member

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    Wonder how this will turn out
     
    streetglider, Jul 7, 2021
    streetglider, Jul 7, 2021
    #2
    Bean Jr. Thanks this.
  4. Jul 7, 2021 #3
    Moose1958

    Moose1958 Road Train Member

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    Williesburg, Virignia
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    [​IMG]
     
    Moose1958, Jul 7, 2021
    Moose1958, Jul 7, 2021
    #3
    Speed_Drums, tscottme, Flat Earth Trucker and 4 others Thank this.
  5. Jul 7, 2021 #4
    streetglider

    streetglider Medium Load Member

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    seems about right lol
     
    streetglider, Jul 7, 2021
    streetglider, Jul 7, 2021
    #4
  7. Jul 7, 2021 #5
    jamespmack

    jamespmack Road Train Member

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    So they bought revenue. Grand Idea!
     
    jamespmack, Jul 7, 2021
    jamespmack, Jul 7, 2021
    #5
    Speed_Drums Thanks this.
  8. Jul 7, 2021 #6
    Chinatown

    Chinatown Road Train Member

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    Probably turn out just find. The other companies Knight-Swift purchased are doing just fine.
    Swift and Abilene Motor Express are flourishing.
     
    Chinatown, Jul 7, 2021
    Chinatown, Jul 7, 2021
    #6
    Team818 Thanks this.
  9. Jul 7, 2021 #7
    SoulScream84

    SoulScream84 Road Train Member

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    Posted on wrong thread
     
    Last edited: Jul 7, 2021
    SoulScream84, Jul 7, 2021
    SoulScream84, Jul 7, 2021
    #7
  10. Jul 8, 2021 #8
    Plantfoam

    Plantfoam Medium Load Member

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    Same with Barr Nunn. They still operate as their own entity. Drivers from each company can't even go to each other's terminals.
     
    Plantfoam, Jul 8, 2021
    Plantfoam, Jul 8, 2021
    #8
    bzinger Thanks this.
  11. Jul 8, 2021 #9
    Dockbumper

    Dockbumper Road Train Member

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    I have been lead to believe that making a profit is the point in buying/starting a business. Maybe I'm wrong?:rolleyes:
     
    Dockbumper, Jul 8, 2021
    Dockbumper, Jul 8, 2021
    #9
  12. Jul 8, 2021 #10
    jamespmack

    jamespmack Road Train Member

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    Your not wrong. But also if your company shows low profit margins you just go out and buy a profitable company to raise yours. Then depreciate purchase price, suck any and all cash backout, skimp on truck and trailer replacement, pull back wages and benefits. Then when you bleed it dry sell off for a loss and deduct your loss.

    When has a mega fleet buy out ever been with good intentions?

    They bought it for a avenue of revenue, just not you or I would.
     
    jamespmack, Jul 8, 2021
    jamespmack, Jul 8, 2021
    #10
    cabwrecker and Team818 Thank this.
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