It is not a bad hotel, pretty average, not bad with breakfast and clean rooms, semi comfy bed pretty decent, females stay at this hotel throughout the duration of the phase one training of 22-25 days and are shuttled to and from the facility by the hotel. The first week males are housed at the comfort inn in Desoto Tx pretty much down the street from headquarters and the trading facility in Lancaster Tx where I’m in my sleeper writing this review. And you got 3 meals a day provided at the facility kitchen which was pretty tasty and if you wanted more like my fatso self an extra plate was like 5 bucks for some decent food. You got the other half of the 500 upon graduating ( passing and obtaining your CDL ) which was something. We did receive a prepaid visa of 250 dollars of a 500 dollar bonus after the second week. This phase was quite nice except during the whole 22 day period you did not get paid. Phase 1 classroom school / Range ( backing, parallel park etc) So I’m gonna explain all the phases and everything as I go.
#FROZEN FOOD EXPRESS LICENSE#
( Which by the great state of Texas surrenders your license to a class C permanently while it’s downgraded, I had no idea ♂️ )Īnyway, the company so far I would say has been 85/15 good to bad ratio 85 good 15 bad just to clarify. The transaction is expected to close by late August or early September 2013.Last December I made the post about going to FFE to get my CDL back and get back in the business after letting my CDL go (stupidly) through not having my physical current with the Texas DMV and changing my the address on my license.
#FROZEN FOOD EXPRESS FULL#
Under the terms of the merger agreement, FFE's stockholders will receive $2.10 in cash for each outstanding share of FFE common stock they own, representing a 23.5% premium over the closing price on July 12, the last full trading day before the announcement, a 26.5% premium over the closing price on March 1, the last full trading day before the announcement that the Duffs had acquired approximately 5.84% of the outstanding shares of common stock of FFE and expressed an intent to discuss with FFE a negotiated acquisition and a 144.2% premium over the closing price on December 18, 2012, the last full trading day before the Duffs began open market purchases of FFE shares with a view towards accumulating a significant position. Overall, we see great things ahead for both of the companies." With our resources, we will be able to bring to FFE the financial strength that is needed to preserve and expand its operations for its valued employees for years to come. “With the synergies and increased capacity that we can gain from the ownership of both FFE and KLLM, we know that we will be able to enhance the quality service that both companies have been providing to their customers. "We are excited about the opportunity to add another leader in the temperature-controlled trucking industry to our family group of businesses,” says Thomas Duff, partner. Through the Duff's ownership of KLLM, they have demonstrated a strong track record in the trucking industry, which will be beneficial to our customers, vendors, employees and drivers." We believe the value of this transaction achieves our objective of delivering immediate and compelling value for our shareholders. "As part of this process, we were pleased when the Duffs expressed an interest in FFE. "For over a year, we have been reviewing a variety of strategic alternatives for FFE, which included exiting less profitable businesses, such as dry van truckload services, entering into the bulk tank water transportation business and re-engineering our LTL services with technology enhancements that further differentiate our service offerings in the marketplace," says Russell Stubbs, president and CEO of FFE.
The transaction, which values FFE at approximately $38.2 million in equity value, was unanimously approved by the FFE board of directors.
Duff Brothers Capital is wholly owned by Thomas and James Duff, who also indirectly own KLLM Transport Services, LLC. Frozen Food Express Industries, Inc., Dallas, Texas, and Duff Brothers Capital Corp., Columbia, Miss., entered into a definitive agreement pursuant to which Duff Brothers Capital will offer to acquire all of the outstanding shares of common stock of FFE (except shares owned by its affiliates) for $2.10 in cash per share of common stock.
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