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TRUCKING INDUSTRY NEWS * USA - Some big carriers report upswing; YRC announces layoffs
In spite of generally rough times in the trucking industry, several big carriers are reporting healthy third quarter earnings
Grain Valley,MO,USA -Land Line Magazine -16 Oct 2008: -- Officials with J.B. Hunt, Werner Enterprises and USA Truck reported more profitable third quarters for 2008 than in 2007... One huge player in the industry, though, lowered its earnings predictions this week for the third quarter, and one of its subsidiaries announced it is laying off 200 workers. Leaders with the Fortune 500 company YRC Worldwide said about 200 workers in Edwardsville, IL, and St. Louis at YRC Logistics operations have been offered jobs with another service provider... According to The Chicago Tribune, corporate officers of YRC lowered the company’s third quarter earnings predictions this week because of general economic concerns and lower freight volumes and prices. YRC has 60,000 employees, and its holdings include Yellow Transportation, Roadway and USF Holland...
* Fleet Advantage Launched As "The Future of Truck Leasing" - The Industry Visionary John J. Flynn at the Wheel Industry Veteran Introduces a "Next-Generation" IT-Based Lease Product
Fort Lauderdale,Fla,USA -MarketWatch -Oct 16, 2008: -- The launch of Fleet Advantage heralds the return of industry trendsetter John J. Flynn to the private truck fleet leasing arena. The founder and former president of First Fleet, who pioneered tax-leveraged leasing in transportation assets, has developed a new business model, an IT-based truck leasing product and consultancy that provides a highly personalized service through reporting and fleet management systems, it was announced today by Mr. Flynn... The company was created to fill the void left by recent industry consolidations that have resulted in less personal service, and also to address current and future market conditions and Green fleet issues. The Fleet Advantage lease product provides unique services to help companies increase efficiency and significantly reduce the costs of operating and maintaining a corporate truck fleet; specifically, Class 8 trucks and trailers... Labels: trucking industry news USA
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