Con-way Truckers Forum - very interesting They have a fear of a pay cut in order for XPO to gain profitability.
https://www.truckingboards.com/bb/threads/xpo-vs-conway.69886/
Scroll down there is a youtube of Jacobs throwing out a $50 million tech savings figure.
Note here that there is a ongoing compliance cost of $1.5 million per year for a publicly listed company - that will be gone.
Apparently Con-way was composed of a great amount of waste on many levels over and above executive pay. Long way to go but if the waste is that great we have a good shot.
This poster spells it out...
When this XPO guy detailed his plan, the savings came from eliminating Con-ways upper management team. Eliminating Con-way's " technology ". And eliminating the costs of being an openly traded company, as we will be spun into a fully owned subsidiary of XPO.
Con-way has mismanaged technology to the point that they spend over 200 million a year on it. The upper management team is paid a ridiculous sum. Look it up. I don't know what costs there are to being a public traded company, but apparently they exist.
This don't mean that something won't still happen to us. It just means that what he says holds water.