GLG News by Intermodal Logistics Experts
August 21, 2008
Trucking Company Failures & Key Indicators For The Future = Freight + Fuel + Financing + Focus
Analysis of:
Johnson Xpress Trucking To Close - BB&T sues for recovery of $8.3 million (www.courier-journal.com)
Trucking Company Failures & Key Indicators For The Future = Freight + Fuel + Financing + Focus
Smaller-sized trucking companies make up 80% of the industry. As failures continue, it exposes the primary causes experienced by all, individual ones that contribute for the specific company, how different parties are affected, and how others’ benefit. It also brings to light the key issues facing transport...
Analysis of:
Credit Crunch Spreads to Shipyards (www.marinelink.com)
The impact of the "credit crunch," while real for individual companies, is not a factor for the overall shipbuilding industry. The few building slots that have been canceled by owner default have been readily resold at higher margins. The drop-off in post-2010 orders has its roots in oversupply...
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:
FreightCar America: Coal Car Orders Will Pick Up Soon (seekingalpha.com)
There is much hope that orders for new coal cars will increase in the near future, lifting production rates at Freightcar America (RAIL). Coal exports are up almost 80% from a few years ago and domestic demand should increase significantly when the 52 new coal-fired generating plants which are currently...
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:
FreightCar Skids On High Costs (www.forbes.com)
Railcar builder Freightcar America reported a quarterly loss of $0.08/share due to high material costs impacting fixed price contracts and the need to restrain prices in a very slow market for coal cars. Management expressed confidence that demand for coal cars will remain strong in the future, especially...
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