Swift to buy out FFE?

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

  1. HardHeadJr

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

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    Feb 17, 2008
    Here and There U.S.A.
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    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.
     
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  3. Brickman

    Brickman Trucker Forum STAFF Staff Member

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    ANY THING heard on the CB is suspect from the get go!
     
  4. PigPen

    PigPen Light Load Member

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    Sumter, SC
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    u mean it ain't all true????
     
  5. al_huryn

    al_huryn Medium Load Member

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    Believe none of what you hear and half of what you see.....
     
  6. Ohnoo

    Ohnoo Light Load Member

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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:(
     
  7. notarps4me

    notarps4me Road Train Member

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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:
     
  8. Ohnoo

    Ohnoo Light Load Member

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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.
     
  9. ToiletDuck071

    ToiletDuck071 Bobtail Member

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    Feb 24, 2008
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    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.
     
  10. HardHeadJr

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

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    Feb 17, 2008
    Here and There U.S.A.
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    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.
     
  11. Carolina_Beaver_Teaser

    Carolina_Beaver_Teaser Light Load Member

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    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.
     
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