Kag just bought action resources

Discussion in 'Tanker, Bulk and Dump Trucking Forum' started by Ruckie, Dec 16, 2020.

  1. Ruckie

    Ruckie Road Train Member

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    What are your thoughts on this transaction??
     
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  3. REO6205

    REO6205 Trucker Forum STAFF Staff Member

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    I wonder how big KAG will get before it all comes crumbling down on them?
    Historically, when an outfit gets bigger and bigger at a rapid pace they wind up out of business one way or another.
    I know a couple of KAG drivers that were with a company that KAG bought. They said the working conditions got worse...a lot worse...and the pay increases haven't kept pace with inflation.
     
    scott180, Roberts450, Rugerfan and 2 others Thank this.
  4. Lilj

    Lilj Medium Load Member

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    It’s funny because superior just got bought last year by Olympus/heniff and we lost a dispatcher out of Pasadena who went back to action resources to dispatch.

    I wonder what’s going through his mind right now, 2nd straight year he will be going through a buy out, wow!!!!
     
  5. MYSTYKRACER

    MYSTYKRACER Medium Load Member

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    I heard a rumor that person may be trying to come back to Pasadena.

    Seems like there's increasingly no safe place frankly. All of this consolidation is starting to remind me of when I was working in IT back in the early 00's and all of the big national banks started buying up the smaller regional and local banks and then merging w/ each other leaving us w/ the mega-banks we have now - Chase, Citibank, Bank of America. Personally I had one too many bad experiences w/ Citi and BoA years ago and ended putting all of our money into a local credit union and never looked back. Seems like that may be the way to go in trucking. Find a small to mid-sized regional / local company that's big enough to pay well and maintain descent equipment but small enough to stay under the radar. I suppose that's easier said than done though.
     
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  6. Orange713

    Orange713 Medium Load Member

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    When did that happen ?
     
  7. Ruckie

    Ruckie Road Train Member

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    I got the email from another tanker supposedly it happened this week
     
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  8. Ruckie

    Ruckie Road Train Member

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    They already bought fort transfer last month
     
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  9. Orange713

    Orange713 Medium Load Member

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    Yeah I seen that I’m surprised they sold out. They were big into the herbicide down here.
     
  10. spindrift

    spindrift Road Train Member

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    I've been wondering when Trimac would make a move to buy something but so far I haven't heard a peep. Maybe it has something to do with them being a Canadian outfit and the challenges they would face with an international merger are just too much.
     
  11. Orange713

    Orange713 Medium Load Member

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    They bought Gibson oilfield. Trimac has a headquarters in Houston tx also.
     
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