XPO Logistics acquires Con-Way!

Discussion in 'Con-Way' started by double yellow, Sep 9, 2015.

  1. CargoWahgo

    CargoWahgo Road Train Member

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    Its just fact *ish
    But that's pretty darned close. I may be off what 5 years? Net is what $16 per year xD

    3months of Walmart door greeting gets ya a $500 after tax Christmas bonus.

    Now go cry Conway truckers. Or facepalm
     
  2. double yellow

    double yellow Road Train Member

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    I'd be more concerned with whether XPO survives the next few years than whether you get a christmas bonus this year.

    $5 billion in debt, losing $1/4 billion a year, only have $1/4 billion cash on hand and they're going to have a much harder time raising capital after gambling big on expanding into the EU and having their stock plummet 13% friday.
     
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  3. CargoWahgo

    CargoWahgo Road Train Member

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    Hey...
    Free Missouri access card!

    Even better!
     
  4. free spirited1

    free spirited1 Heavy Load Member

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    Thats just it, I believe we'll be sold again, like maybe when the stock goes up. They dont have a clue in running a truckload division. They used to running logistics/ "light asset" company. Spoke with a 22 yr long driver with Conway yesterday at a shipper and he is leaving in 2 weeks, same story with many others. Turning into a student/newbie company. Several going to drive for Walmarts and that teams are going to drive for that company that hauls a lot of hazmat explosives near to Joplin. It's becoming mass exodus...lol
     
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  5. free spirited1

    free spirited1 Heavy Load Member

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  6. Mike2633

    Mike2633 Road Train Member

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    They should probably go back to being CFI.
     
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  7. upnorthwpg

    upnorthwpg Heavy Load Member

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    OR second only to OD, doing very well.
     
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  8. BlewByYou

    BlewByYou Bobtail Member

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    I've been watching their stock. It's up into the mid thirties. It bottomed out in January below $20.00. It nearly hit that again about a month or two ago, and it's been going up since then. I actually toyed with the idea of buying it then (right after they termed my Owner Operator contract) and it would have been a good idea. If I'd put all my money in their stock and sat on my butt until today, I'd have made more money on them, than I have in trucking. (Now with Landstar.) Something is happening right now with XPO. Maybe someone bigger is thinking of gobbling them up.

    It also might be that they're just making money:

    http://www.wsj.com/articles/xpo-logistics-reports-record-profit-1470260435
     
    Last edited: Aug 14, 2016
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  9. CargoWahgo

    CargoWahgo Road Train Member

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    I miss hitting my head in that firetrucks red t600 with the goofy letters and #### eyed mirror.

    Good truck it was.
     
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  10. double yellow

    double yellow Road Train Member

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    XPO is losing less lately, but they're still losing money. In fact, they've lost more money than they've earned over the past 15 years (yet paid the executives handsomely throughout -- nearly $6M for Jacobs alone in 2015)


    But I can relate to stocks paying more than trucking -- I made more this year in 1 stock (Denbury Resources $0.95 - $4.50) than I did trucking. Waiting for it to drop below $2 again to buy it again...
     
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