Heartland Buys Millis

Topic 26390 | Page 1

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Tim 's Comment
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Bobcat_Bob's Comment
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I will be honest I did not think that Heartland could afford 150 million in cash.

Noob_Driver's Comment
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Just found out yesterday afternoon. Still in shock. Everyone with Millis is. Also very worried seeing some of the stuff online regarding Heartland with average miles and their hometime structure. We were told day to day wont change it will be operated the same but who knows.

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G-Town's Comment
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Just found out yesterday afternoon. Still in shock. Everyone with Millis is. Also very worried seeing some of the stuff online regarding Heartland with average miles and their hometime structure. We were told day to day wont change it will be operated the same but who knows.

confused.gif

Noob... this kind of thing happens all the time. Don’t panic, and DO NOT believe everything you read. If you are a productive driver for Millis; same will hold true in the future.

Many times,...acquisitions of this sort can actually benefit the drivers. Stay committed.

You’ll be fine!

PackRat's Comment
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I’ll bet the old man is rolling in his grave after the boys sold his company...

Pete E Pothole's Comment
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The company will continue to be run by the family. A lot of people are upset and fear Heartland will change things. I for one cant afford to worry about speculation, going to continue to produce positive results and evaluate what to do if/when changes are made.

Bruce K.'s Comment
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Take H.O. Wolding getting sold to Bison. Probably didn't even cause a ripple. Any current HOW driver's on here? Has anything really changed? Just as much chance they changed for the better as changed for the worse.

Cornelius A.'s Comment
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I am not saying it is the case here but i have seen some trucking transaction where for a company to get and influx in cash, they create a new holding that secures a loan to purchase all the assets of the original company for cash

I will be honest I did not think that Heartland could afford 150 million in cash.

Noob_Driver's Comment
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embarrassed.gif

Just found out yesterday afternoon. Still in shock. Everyone with Millis is. Also very worried seeing some of the stuff online regarding Heartland with average miles and their hometime structure. We were told day to day wont change it will be operated the same but who knows.

confused.gif

double-quotes-end.png

Noob... this kind of thing happens all the time. Don’t panic, and DO NOT believe everything you read. If you are a productive driver for Millis; same will hold true in the future.

Many times,...acquisitions of this sort can actually benefit the drivers. Stay committed.

You’ll be fine!

Im in the same boat as Pete. I dont have the experience to just walk away and find another job. No mattter what happens i still want at least a year in with my first company before I even think about leaving. Let me tell ya though Ive seen terminal rats mentioned a few times on here in threads and boy let me tell ya they come out of all the dark holes during a merger. I was at a terminal when the message came accross the QC yesterday afternoon and the place filled up like 50 spot Loves around 4pm. All the guys hanging out in the lounge all evening. I woke up at 1am to start my day and there was still quite a bit in the lounge complaining.

Terminal:

A facility where trucking companies operate out of, or their "home base" if you will. A lot of major companies have multiple terminals around the country which usually consist of the main office building, a drop lot for trailers, and sometimes a repair shop and wash facilities.

Brett Aquila's Comment
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I’ll bet the old man is rolling in his grave after the boys sold his company...

Not necessarily. He didn't build the company because he wanted to have a job, or because he wanted his kids and grandkids to have a job. He built the company because he wanted to make a ton of money. If the company grew into something immensely valuable and they cashed out in a big way, they've won. That's the whole game - make a big pile of money. I'm sure dad would be happy with a big payday for his family.

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