GLG News by Heavy Duty Truck Experts: Consultants and Industry Specialists
Analysis of:
Con-way Slashes '08 Outlook as Economy "Battered." (www.reuters.com)
Con-way announced a significant falloff in earnings expectations for the third quarter and the rest of 2009 because of what it called "a challenging business environment." Con-way perennially is one of the market leaders in per-share profitability. But it says the "battered" U.S. economy is causing...
Analysis of:
Ports ready to enforce clean-trucks plan (www.joc.com)
The contentious LA / Long Beach Emissions programs have started without disruption. My colleague Mr. Schultz gives a good overview of the program, litigation, etc, so I’ll offer some numbers and a few comments and about what is happening on the ground today.
Analysis of:
Ports ready to enforce clean-trucks plan (www.joc.com)
The ports of Los Angeles and Long Beach are implementing the nation's stiffest commitment to clean the air in the port area by banning all pre-1989 trucks from the ports' grounds, effective Oct. 1. It is estimated the nation's first clean truck plan will cut truck pollution by 80 percent...
September 29, 2008
August Big Truck Sales Down 23% Over Last Year - Major Supplier Accuride Takes Drastic Action
Analysis of:
Accuride plans 392 job cuts after CEO resigns (www.wthr.com)
August Big Truck Sales Down 23% Over Last Year - Major Supplier Accuride Takes Drastic Action
A major industry supplier is back in trouble - and is an indicator of things to come. Accuride CEO John Murphy has resigned after 11 months at the helm. It shows how one plans for swings and also shows the importance of parts and service sales in smoothing them out.
Analysis of:
Oak Harbor Freight on Strike (tdu.org)
About 600 Teamsters are on strike against Oak Harbor Freight, a major LTL carrier in the Pacific Northwest. Drivers, dock workers and back-office union members have been without a contract for 11 months. The increasingly militant clout of the Teamsters union is expected to increase in the coming months,...
Analysis of:
Salaries for Top Teamster Officials Hit New High (www.tdu.org)
There are nearly 100 Teamsters union officials making $150,000 or more at a time when more than 2,000 trucking entities went out of business since the first of this year.
Teamsters for a Democratic Union, the dissident wing of the 1.4 million-member Teamsters, tracks and publicizes the...
September 22, 2008
Landstar - What’s a Freight Company Doing Dealing With Busses? New Orleans’ Gustav Evacuation Execution Reminds Us Of Their Katrina Problems
Analysis of:
EDITORIAL: Too little, too late (www.nola.com)
Landstar - What’s a Freight Company Doing Dealing With Busses? New Orleans’ Gustav Evacuation Execution Reminds Us Of Their Katrina Problems
The Federal Government intervening in the investment world makes the monumental work done in New Orleans before and after Katrina look like small potatoes. Successful people and businesses focus on what they are good at. The devil is in the details on how it gets done, but government in action can be...
Analysis of:
Will the Levee Break? An Ocean of Bad Debt Rises despite Fed Rescues (knowledge.wharton.upenn.edu)
The recently proposed bailout was an inevitable solution to a ever-growing problem. The $800B will be the most costly endevour by the U.S. government since The New Deal proposal from the Great Depression.
The key to the issue at-hand is two fold: first, the stabilization of the real estate prices....
September 19, 2008
Wall St. Problems Already Creating Real Issues For Trucking Companies & Industry Suppliers
Analysis of:
ATA economist: circumstances of current crisis make impact on trucking hard to predict (www.thetrucker.com)
Wall St. Problems Already Creating Real Issues For Trucking Companies & Industry Suppliers
American Trucking Associations (ATA) economist Bob Costello says in the referenced article that the financial turmoil in the marketplace is not a variable in their model today - making it difficult to make predictions for the trucking marketplace. While much of their information is data driven, ours...
Analysis of:
Through the Turmoil (fleetowner.com)
Trucking equipment financing is following that of auto-financiers - again. It has been disappearing! As predicted in the referenced article (and by this writer) from a year ago, it’s here! Without readily available financing for trucks and trailers, what does that mean for new sales for the next few...
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