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TRUCKING INDUSTRY NEWS * USA
* New York - OOIDA: Becoming worst state for truckers to haul in
Albany,N.Y.,USA -Today's Trucking -19 Oct 2009: -- America's largest owner-op group says there's something rotten about the Big Apple's governor proposing to crack down on commercial trucks using secondary state roads... The Owner-Operator Independent Drivers Association says it's adamantly against Gov. David Paterson's proposal to increase fines for truck drivers who use GPS systems to take them on roads that are off limits or have low clearances. This practice has led to several "bridge strikes," says Paterson... Under the rule, law enforcement officers would also have the authority to confiscate trucks that are stopped and ticketed. As well, trucking companies or their insurance carriers would be responsible for the costs for the incident... OOIDA says the "heavy-handed" law "unfairly punishes a greater majority of truckers," and will do nothing to improve safety... (Photo from soartelescope: Glass To Truck in NY's Port)
* Omaha - Werner Enterprises Reports Third Quarter 2009 Revenues and Earnings
Omaha,NEB,USA -Business Wire -Oct 19, 2009: -- Werner Enterprises, Inc., one of the nation`s largest transportation and logistics companies, reported revenues and earnings for the third quarter ended September 30, 2009... Revenues decreased 27% to $429.3 million in third quarter 2009 compared to $584.1 million in third quarter 2008. Trucking revenues, excluding fuel surcharges, declined 13% to $319.3 million in third quarter 2009 compared to $367.4 million in third quarter 2008. Value Added Services ("VAS") revenues declined 22% for the reasons explained later in this earnings release and were $57.7 million in third quarter 2009 compared to $73.6 million in third quarter 2008. VAS revenues increased 14% from second quarter 2009 to third quarter 2009... (Photo from dogandponyinc: drv truck logo)
* Massachusetts - J.B. Hunt posts revenue, income declines
Lowell,MASS,USA -The City Wire -19 Oct 2009: -- A Monday earnings report from J.B. Hunt Transport Services provides clear indication that he trucking industry is still suffering from a freight recession that most observers say began in October 2006... The Lowell-based trucking giant reported Monday that its total revenue for the first nine months of 2009 was $2.326 billion, down 18.4% from the same period in 2008. Net income for the first nine months was $94.77 million, down 35.6% from the same period in 2008... (Photo from kiwibonds: May 2007: Three faded warbonnets head a JB Hunt stack train around the freshly re-tree'd Caliente horseshoe)
* Iowa - Heartland’s 3Q Profit Drops
North Liberty,IA,USA -Transport Topics- -20 Oct 2009: -- Truckload carrier Heartland Express said its third-profit fell 22.5% from a year ago... Earnings were $14.5 million, down from $18.7 million a year ago. Per-share earnings decreased to 16 cents, from 19 cents... Revenue fell 33.3% to $113.4 million, from $169.9 million last year...Labels: trucking industry news USA
posted by Unknown @ 9:25 AM
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