new jersey driver

Bear in mind, I'm just getting back into OTR after coming off the road in 03. So who else is down and out? I know about PFT already, I know about Western Express buying out SMX, and apparently Dallas Mavis was bought out by Greatwide. And, of course, I heard about the Arrow fiasco - friend of mine was stuck in Washington State on account of that. Which other ones have I missed?

 

in the end, Harry IS STILL in business, let's hope this time he doesn't sell out to anyone.....

 

With all the MONEY he made last time around--could you really blame him? LOL

 

200 million dollars does not even come close to the 1.2 Billion dollars Mr. Cochran got when he sold Overnite....and that was just Mr. Cochran's "take", his kids got several million dollars for their shares of Overnite....had to have been close to a 2 Billion dollar (total) deal (back then)


http://www.fundinguniverse.com/company-histories/Overnite-Corporation-Company-History.html

(correction, it was 1.2 Billion dollars)

 

You are quite right--but 200million is still nothing to sneeze at

 

overnight sold for 1.25 billion, in 2005

I believe

 

yep, they sure did....funny how the railroad was going to give it away for a loss a few years earlier...


ATLANTA (AP) -- Package-delivery company UPS Inc. on Monday said it is acquiring trucking firm Overnite Corp. for about $1.25 billion in cash, expanding its portfolio of ground-transportation services.