National Freight is a New Jersey based trucking company that does a large percentage of short and long haul delivery of merchandise for Staples. It is widely known that National Freight is very close to bankruptcy. Does anybody know what impact this will have for Staples and how dependant Staples is on this company?
Amazing. I read many of these posts and see a lot of bickering but what you all seem to be missing is the steady up and downhill decline of Staples. people are talking about buying shares in the company thinking it is going to go up. NOPE!!! Wonder about the impact of NFI and Staples future? Don't worry, staples will always find a way to cut costs. Either through cheaper negotiations or if they can't get lower prices from outside help, they'll just take it out on their workers. Just look at the health insurance they gave the workers this year. A real Joke!!! Ask a worker about this year's raises compared to management raises --- another joke. Staples worries about ways to save pennies BUT LOSES dollars in the process. Just look at the fluctuations in their stock. I wouldn't worry about references to CVS BUT be more worried about any shares in Staples stocks. Their Back to School sales in many stores were flat or below expectations. Don't expect high marks for q2 and q3 earnings. Be advised.
Aaron, could you justify your statement about NFI and that "it is widely known that National Freight being very close to bankruptcy."? This is an inaccurate statement. NFI has listed as a top 3PL provider and have been experiencing growth for years.
10th in the NJBIZ Top 100 Privately Held Companies - http://www.njbiz.com/section/TOP100/article/20110819/EVENT_ENEWS/110819817/-1/enews_event3
24th in Transport Topics 2011 Top 100 For-Hire Carriers - http://progressive2.acs.playstream.com/truckline/progressive/TT00fh2011.pdf
Ranked in Inbound Logistics 2011 Top 100 3PL Privders - http://www.inboundlogistics.com/digital/top1003pls_digital_2011.pdf
It is not "the truth's" that I am responding to but your insane theories.
1- No contingency plans if one of their truckers goes out of business - Insane
2- Depend on United Stationers driving the stock to $4.00 - Insane
Glad to hear that you are prospering in the private sector of the OP industry. If you truly worked for Staples you know that they will never be buying their delivery business supplies from United Stationers due one of their truckers potentially going out of business. If you do believe that then as I said before you should invest your money, short Staples and make a fortune.
UMMMM probably 30% of the inventory of the business to business items come from United Stationers when I was there and yes I do have almost a decade in the op business. I left to make more money in the real world called "the small business world" and doing way better then I ever did. I do like the people at Staples and do like some of the executives they have in place but there also is alot of disorganization and many not so qualified people in management. There is both good and bad. Now I can give you an honest assesment now that I am no longer there. If you can't take the truth then oh well. It is your choice and your investment and your risk.
Get real - not likely that Staples is waiting with baited breath for their delivery company to go BK and then make decisions about what to do. This is not Office Depot and surely have contingency plans.