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TRUCKING INDUSTRY NEWS * USA
* Chesco trucking company confirms job cuts
West Goshen,PA,USA -Journal Register News Service/The Pottstown Mercury, by Gretchen Metz -April 15, 2009: -- Trucking company A. Duie Pyle on Monday confirmed 54 employees were terminated due to the bad economy and a drop in business... The company employs 2,000 workers of which 485 are located at the company headquarters... Company president Stephen O'Kane was clear: The job cuts were terminations, not layoffs. A layoff would imply that if business got better, the workers would be called back. That is not the case, he said. These terminations are permanent, these jobs do not exist anymore, he said... The company had to be re-engineered, had to be more efficient and had to lower costs, he said. It was necessary to do this to be a stable employer for all the employees...
* Werner Sees Truckload Pickup - Carrier’s profit falls 17.6 percent, but says quarter ends with growing demand
Omaha,Neb,USA -The Journal of Commerce, by Paul Page -Apr 17, 2009: -- Werner Enterprises says a tough first quarter ended with an upturn in shipping demand that carried over into April... The carrier says truckload shipping remains sharply weaker than last year but that it saw the improvement at the end of a first quarter in which its net profit fell 17.6 percent compared to the same quarter a year ago, to $6.8 million. Werner saw demand deteriorate across all its business lines... Trucking revenue fell 11.6 percent to $308 million, but the Omaha, Neb.-based carrier also saw business retreat in its brokerage and used truck sales divisions amid what the Werner called a “severe slowdown in freight shipments.”...
* USA Truck Loses on Low Volume
Van Buren,AR,USA -The Journal of Commerce, by John Gallagher -Apr 16, 2009: -- Customer inventory reduction cuts revenue, earnings... USA Truck lost $1.88 million in the first quarter as a result of a heavy decrease in volume due to the slowing economy and customer inventory reductions... Revenue fell 14.7 percent from $97.1 percent in first quarter 2008 to $82.8 million in the most recent quarter. The loss in the quarter improved slightly from a loss of $1.95 million during the same period a year ago, affected by a lack of demand that drove miles per tractor per week down by 9.7 percent... * Heartland Profit Withstands Trucking Downturn - Controlling fuel costs drives higher efficiency for truckload carrier
North Liberty,IA,USA -The Journal of Commerce, by John Gallagher -Apr 16, 2009: -- Truckload carrier Heartland Express remained profitable in the first quarter despite a 22.8 percent drop in revenue and sinking demand for freight capacity... Net income at the North Liberty based short-haul to medium-haul carrier fell 4.1 percent to $14.1 million compared with $14.7 million in the first quarter a year ago. Revenues declined from $149 million to $115 million. The carrier’s operating ratio, a key measure of operating efficiency, improved to 83.4 percent in the quarter from 86.7 percent in the same period a year ago...*Landstar Profit Falls 41 Percent - Weak pricing, surcharge cuts hit truckload operator
Jacksonville,FL,USA -The Journal of Commerce, by John Gallagher -Apr 16, 2009: -- Landstar System's net profit fell 41.4 percent and revenue declined 22.9 percent in the first quarter as slack demand for truck capacity staggered the non-asset based trucking and brokerage company... Landstar reported net income of $13.9 million on revenue of $469.2 million in the first quarter compared to net income of $23.7 million on revenue of $608.8 million in the 2008 first quarter... Loads hauled by its network of independent contractors, which made up 56 percent of $262.1 million in revenue in the first quarter, fell 16 percent. Revenue per load fell 3.9 percent to $1,536. Loads hauled in its truck brokerage division fell 17.1 percent, with revenue per load falling 13.3 percent to $1,396...Labels: trucking industry news USA
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