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Swift to buy out FFE?

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by HardHeadJr, Feb 20, 2008.

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  1. Feb 20, 2008 #1
    HardHeadJr

    HardHeadJr <strong>"Lone Rider"</strong>

    21
    1
    Feb 17, 2008
    Here and There U.S.A.
    0
    I drove into this conversation this week on the CB. Was curious if anyone else had hered about it? I work for FFE and I know we have a huge LTL division and we all haul reffers. But, FFE also owns American Eagle Line, which is Dry Van, and Lisa Motar Lines which is dry and Reffers, so im not to sure. I asked around our yard at Dallas and they said they have hered that rumor for 5 or 6 years. Anyone else know anything about it.
     
    HardHeadJr, Feb 20, 2008
    HardHeadJr, Feb 20, 2008
    #1
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  3. Feb 20, 2008 #2
    Brickman

    Brickman Trucker Forum STAFF Staff Member

    12,905
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    WY
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    ANY THING heard on the CB is suspect from the get go!
     
    Brickman, Feb 20, 2008
    Brickman, Feb 20, 2008
    #2
  4. Feb 20, 2008 #3
    PigPen

    PigPen Light Load Member

    69
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    Jan 28, 2008
    Sumter, SC
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    u mean it ain't all true????
     
    PigPen, Feb 20, 2008
    PigPen, Feb 20, 2008
    #3
  5. Feb 20, 2008 #4
    al_huryn

    al_huryn Medium Load Member

    502
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    Apr 19, 2007
    Philadelphia, PA
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    Believe none of what you hear and half of what you see.....
     
    al_huryn, Feb 20, 2008
    al_huryn, Feb 20, 2008
    #4
  7. Feb 23, 2008 #5
    Ohnoo

    Ohnoo Light Load Member

    227
    33
    Dec 4, 2007
    CA
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    Havent heard a word about it. Actully last I heard we are going to take 1000 trucks off of the road:(
     
    Ohnoo, Feb 23, 2008
    Ohnoo, Feb 23, 2008
    #5
  8. Feb 23, 2008 #6
    notarps4me

    notarps4me Road Train Member

    10,311
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    Jan 1, 2007
    NASA HQ
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    Swift to buy out FFE?


    Swifty gonna get more trucks? I need to call my broker. Time to buy more stock. 100 shares of duct tape please!:biggrin_2559:
     
    notarps4me, Feb 23, 2008
    notarps4me, Feb 23, 2008
    #6
  9. Feb 23, 2008 #7
    Ohnoo

    Ohnoo Light Load Member

    227
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    Dec 4, 2007
    CA
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    ROFL I actully have pic's on a Swift O/O truck that has duct tape on it. I need to figure out how to post them lol.
     
    Ohnoo, Feb 23, 2008
    Ohnoo, Feb 23, 2008
    #7
  10. Feb 25, 2008 #8
    ToiletDuck071

    ToiletDuck071 Bobtail Member

    15
    1
    Feb 24, 2008
    Snyder, TX
    0
    FFE had an exec embezzel lots of $$ & their stock was rated junk stock as a result (2-3 years ago). I think it's still not even worth $12/share.

    FFE is owned by a family mostly & public as well. They began shopping a buyer in case they couldn't pull out of this big problem. Swift was the likely suitor (rumored), but it never came down to that. They pulled out enough cash to operate on, got that exec in jail & are running okay now.

    FFE, Lisa Motor Lines, American Eagle are all running under the Conwell Corporation. Owned mostly by the Stubbs family. Good folks, but technically a public company.

    Swifty buying FFE wouldn't make sense to me, why would they want all those refers? AE is the only branch that's dry van. Lisa & FFE are refer. I believe TransAm and one other were rumored to be in the bidding as well. All rumors, though.
     
    ToiletDuck071, Feb 25, 2008
    ToiletDuck071, Feb 25, 2008
    #8
  11. Feb 26, 2008 #9
    HardHeadJr

    HardHeadJr <strong>"Lone Rider"</strong>

    21
    1
    Feb 17, 2008
    Here and There U.S.A.
    0
    Learn something new every day. As for there stock, last week it was 5.12 a share. Been going up and is now at 7.12 a share. It was mentioned on MSNBC live and wham, the share price goes up.
     
    HardHeadJr, Feb 26, 2008
    HardHeadJr, Feb 26, 2008
    #9
  12. Mar 5, 2008 #10
    Carolina_Beaver_Teaser

    Carolina_Beaver_Teaser Light Load Member

    186
    20
    Apr 8, 2007
    Mooresville , NC
    0
    I would believe Prime,Inc. a heckuva lot quicker than SWIFT. As Prime,Inc. has done purchased TRL. They are int the position to be the next big buying carrier, in the refrigerated market. Just a lil' IMHO.
     
    Carolina_Beaver_Teaser, Mar 5, 2008
    Carolina_Beaver_Teaser, Mar 5, 2008
    #10
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