GLG News by Heavy Duty Truck Experts: Consultants and Industry Specialists
Analysis of:
Deal Covering 9,500 Carhaul Members Rejected (tdu.org)
A proposed three-year agreement between the Teamsters union and the major unionized car-haulers has been voted down. No new talks have been scheduled. The Teamsters director of car-haul negotiations, Fred Zuckerman, said he hopes "to resolve this contract without going on strike." But Zuckerman himself...
Analysis of:
Con-way Replaces CFO as Financial Complexity Grows (www.bizjournals.com)
The hiring of ex-YRC Worldwide Chief Financial Officer Stephen Bruffett by Con-way Inc. has more intrigue than would first meet the eye. It's more than just filling a corner office in the executive suite. The inside story is quite telling of the conditions in the trucking industry in 2008.
Analysis of:
Movado Group, Inc. Reaffirms FY 2009 EPS Guidance; Announces Initiatives To Streamline Operations And Reduce Expenses (www.reuters.com)
The Far East procurement base is hiking prices above inflation and market possibilities of its customers. Streamlining operations is a temporary solution only.
Analysis of:
Cummins to Add SCR to 2010 Engines (www.truckinginfo.com)
Cummins Inc. announced they are switching to SCR in their Heavy-duty ISX model for 2010. It was previously to utilize Exhaust Gas Recirculation (EGR) at a higher rate than today, along with higher injection pressures and other enhancements - plus emissions credit trading. While this changes the “few...
Analysis of:
Schneider National Owner-Operators Now Paying Just $1.085 for Diesel (www.wisbusiness.com)
Truckload leader Schneider National has freight - and has been successfully growing their Independent Contractor segment for over a decade, while their competitors have not seen the same success. The primary reasons are they have freight (miles), continue to adjust their program, made it more transparent...
Analysis of:
YRC North American says Velocity Network reducing transit times (www.etrucker.com)
How well is YRC Worldwide's new "Velocity Network" performing after this summer's rollout? Here's an internal memorandum to employees that explains it.
Analysis of:
Schneider National Owner-Operators Now Paying Just $1.085 for Diesel (www.wisbusiness.com)
Schneider National is betting on an innovative way to attract and retain owner-operators at a time when other large truckload carriers are reducing their over-the-road capacity. One way is this fuel subsidiary program that is popular with owner-operators used by Schneider, one of the largest privately...
Analysis of:
Tanishq Jewelry Spurs Strong Growth at Titan Industries in 1Q 2008-09 (www.diamonds.net)
Titan's watch brands stand to benefit from Tanishq's success and will allow Titan Industries to expand at an even more rapid pace.
Analysis of:
Mack's McKenna Talks SCR Via The Web (www.truckinginfo.com)
Volvo Mack Division has started a smart project to educate users, dealers and other interested parties on the positives and negatives of Selective Catalyst Reduction (SCR) using Urea versus Exhaust Gas Recirculation (EGR). In March of this year, Daimler Detroit Diesel Division started to educate the...
Analysis of:
Rush Enterprises Reports Second Quarter Results (www.truckinginfo.com)
Some analysts had predicted a second half upswing in US truck sales, but it will not be. Major manufacturer Paccar and their largest Peterbilt dealer (and largest of any dealer organization) - Rush Enterprises - each say that the US market will remain flat through this year. Volvo recently stated the...
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