Knight Buys Dry Van Carrier Barr-Nunn

R.I.P. Barr-Nunn. Sorry for your loss.

I guess someone at Barr-Nunn was tired of having a successful, profitable company. Now they sold off to one of the 5 WORST COMPANIES IN AMERICA!!! I pray the drivers find another good company to move to now.

Transport Topics also had the bad news: http://www.ttnews.com/articles/basetemplate.aspx?storyid=36149

 

Here is the Barr Nunn press release.

http://www.barr-nunn.com/sites/main/documents/PressRelease.pdf

Sounds like a win, win so far. They are doing conference calls with Barr Nunn drivers to curtail the rumor mill. Reassuring Barr Nunn drivers everything will be status quo.

 

I doubt the intelligent drivers will stay very long. It won't take the SOB's at Knight to destroy Barr-Nunn.

The Knight-mare continues....

 

Had a suspicion they were setting up to buy someone based on what they had been doing all year..

 

Knight can't be that bad if they can afford to buy out Barr-nunn.

 

Trust me...they're bad...you will always have payroll shortages every week...that's just a sample of the problems

 

I will have to agree. They purchased the company on a line of credit worth 300 million with a remaining 124 remaining after escrow and capital advancements! I mean, that is not even throwing in any cash either. Also they are acquiring the company as a majority party purchase. That just means that they purchased the LEFT OVER stock which had a 51% or greater availability which changed ownership. That still leaves stocks out there that people have invested in this company. It will be fun to watch and see how it works out on the stock market over the next couple months.

 

so what about usa now? knight done with them

 

I think that was pretty much the same type of message " nothing will change" memo central refrigeration got when swift bought them lol... from all the nightmare stories on here it didnt go so well lol... best of luck to yall barr-nunn drivers