GLG News by Heavy Duty Truck Experts: Consultants and Industry Specialists

  Con-way Freight, which perennially was the most profitable LTL carrier, is cutting it workforce and forecast for 2008 earnings.   In a sign of how truckers are battening down for what is expected to be a very slow first quarter of 2009 for freight services, non-union Con-way is slashing...

The referenced Zacks’ article notes that the median year-to-date stock price has declined for all industries in the Zacks’ transportation analysis. This includes water shipping down 55.6%, airlines down 52.1%, equipment / leasing down 37.2%, air freight down 36.1%, rail down 23.9% and trucking down...

In the atmosphere of a slowing economy, a changing Less-Than-Truckload (LTL) marketplace, continued problems with benefit funding and union concessions at YellowRoadway - YRCW, what does that mean for the smaller fish in the pond like Oak Harbor Freight Lines? My colleague Mr. Schultz wrote in September...

  Moody's Investors Service is lowering YRC Worldwide's credit rating three grades to Caa1, or seven grades below investment quality. The downgrade comes as the nation's largest U.S. trucking concern is asking its 40,000 Teamsters rank-and-file members to approve a 10 percent wage giveback that...

  Celadon Group's purchase of Arkansas-based truckload carrier Continental Express for $24 million is the first significant trucking acquisition of 2008, and may be a sign that the worst is over for the beleaguered trucking industry.   Celadon, an industry leader in north-south truckload...

  YRC Worldwide, which has suffered losses in four of its last five reporting quarters and seen its stock fall in value by more than 85 percent this year, is asking its 40,000 Teamsters to vote on a proposal to take a 10 percent wage cut in order to save the company an estimated $200 million annually....

  With gasoline and diesel fuel prices dropping sharply, there is concern that will dampen incentives for alternative fuels. The Internal Revenue Service is moving to add some tax incentives for producers of biodiesel fuels.   The IRS is making its intentions known in Notice 2008-100, which...

  The Teamsters union hierarchy has reached a tentative deal on wage concessions covering some 40,000 union members at YRC units Yellow Transportation, Roadway, USF Holland and New Penn.   The exact amount of the wage give-backs is not known yet. It is expected to be in the 10 to 15 percent...

  The seized-up credit markets have basically stalled the market for new Class 8 heavy trucks in this country. New Class 8 sales are projected to reach just over 111,000 this year, compared with a record sales year of 265,000 just two years ago.   Nearly every significant heavy truck fleet...

The analysis of our colleagues gives us a good look at the expense side of the YRC segment, but how about the freight demand versus availability capacity side? This raises the real question of “what the right amount of capacity” for the foreseeable future? Then who is better able to address it?