GLG News by Intermodal Railcar Experts

  The Teamsters union might soon be a major beneficiary of the Obama administration. The union, which has been struggling financially, might be able to extricate itself from a 20-year-long consent decree it signed with the Justice Department requiring federal oversight of its day-to-day financial...

 YRC Worldwide's decision to go to the Teamsters and request a wage concessions underscores the financial difficulties the nation's largest trucking company is facing.   YRC is under pressure from its lenders to reduce its debt load. It already has placed some of its terminals for sale as...

The AAR reported on Nov. 20th that the carload shipments for the previous week were 9.1% lower than the same period in 2007. This was the sixth straight week of decreasing carload totals, with traffic volumes falling to levels not seen in many years for non-holiday periods. What makes these numbers...

  A change of operations regarding cost-cutting moves at the Yellow, Roadway and USF units of YRC Worldwide has been formally approved by the Teamsters union.   More such changes are coming as YRCW stock drops to $1.20 per share, a 90 percent drop in a year and its lowest intraday trading...

  The Department of Transportation has decided to make it optional, rather than mandatory, for employers to require transportation workers be directly observed while providing urine specimens.   This is a victory for common sense. And probably for safety as well.   Talk about getting...

 A new index of global trucking and logistics companies claims to "rate" to top 10 worldwide companies.   The list includes some of the top names in both industries. A Wisconsin-based refrigerated trucking company, Marten Transport, tops the list even though it has a minuscule market capitalization...

An EPA Appeals Board has reversed an earlier EPA ruling permitting the construction of a new coal fired power plant in Vernal Utah. The latter had been issued without regard for the additional CO2 emissions the plant would added to the environment. The ruling was hailed as a victory by...

 YRC Worldwide's decision to write down $823 million in impairment charges for its YRC National long-haul and logistics units guarantees that YRC will report its fourth losing quarter in its last five reporting periods. Counting the $756 million in goodwill it wrote off on its 2005 purchase of...

Greenbrier reported that their backlog for production in 2009 is less than half the number of cars they delivered in 2008 and that they may not make a profit on some of those cars due to higher than expected material costs. And that was the good news. The bad news is that much of their backlog is to...

    The most recent Surface Transportation Board Rate Case filed by Oklahoma Gas & Electric (OG&E) against the Union Pacific Railroad (UP) for coal transportation from the Powder River Basin to the Muskogee coal plant actually shows the attractiveness of this move to the...