![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKING INDUSTRY NEWS * USA
* New York - Transportation Stocks Rallying On Positive Corporate Results
NY,USA -RTT News -15 April 2010: -- Transportation stocks are extending their recent upward move during trading on Thursday following some positive news from industry stalwarts United Parcel Service, Landstar System Inc. ) and JB Hunt Transport Services Inc. ... The gains by transportation stocks are contributing to a 1.8 percent advance by the Dow Jones Transportation Average. With the gain, index is moving higher for the sixth straight session and reached its best intraday level in over eighteen months earlier in the session... Within the sector, trucking stocks are posting particularly strong gains, driving the Dow Jones Trucking Index up by 2.8 percent. At its high for the session, the index was also at its best intraday level in over eight months...
* Iowa - Morrell closure already hurting trucking industry
Sioux Center,IO,USA -KTIV Local News -Apr 15, 2010: -- The Sioux City John Morrell plant has been closed for barely a week now, but some businesses say they're already seeing a significant financial impact... Ryan Moret has been in the trucking business for 20 years. And every weekday for the last 20 years, he's hauled hogs to Sioux City's John Morrell plant. The closure is already weighing heavy on him and his business... Instead of the trek between Sioux City and Sioux Center, Moret says his truckers will now have longer runs and they'll lose those valuable back hauls... Moret says right now, he's hoping to replace those lost runs to Sioux City by hauling hogs to Denison, Sioux Falls or Crete. But even then, the loss will hit him financially... And its not just Moret's business; he says there are many truckers in small communities around the region trying to rebound from the loss of the plant... Moret says with most of the truckers in the area now making longer hauls, there could be some shortages of trucks for local jobs. He also says he's lost many friends and business colleagues who were also associated with the plant...
* New York - State Scraps Truck Rural-Route Restrictions
New York,NY,USA -The Associated Press/Transport Topics -14 April 2010: -- The New York State Department of Transportation told a transportation task force that it will no longer pursue efforts to restrict trucks from using certain rural routes in the Finger Lakes area, American Trucking Associations said... The announcement came after the department determined that the restrictions are unlikely to impact the seven routes under consideration because 94% of the truck traffic is local and most trucks would simply shift to other local routes instead of the Interstate system... Farmers said the proposal would cost them money by forcing them to re-route deliveries and the New York Farm Bureau said it was pleased that the state DOT reconsidered, reported... (Photo from bridgeandtunnelclub, fingerlakes/senecalake: Route 14, Fox Run Vineyards, 670 Route 14, Penn Yan, New York)
* Arizona - J.B. Hunt’s 1Q Earnings Improve
Lowell,AR,USA -Transport Topics -14 April 2010: -- J.B. Hunt Transport Services said late Wednesday its first-quarter net earnings increased to $37.5 million, or 29 cents per share, from $30.8 million, or 24 cents, a year ago... Revenue rose 17% to $845 million, the company said in a statement... Operating income improved to $67.4 million, from $57 million, due primarily to a 21% increase in intermodal volume, positive truck operating income versus a $5.8 million loss last year and improved results in the dedicated contract carriage services segment... * Georgia - UPS Sees Higher First-Quarter Results
Sandy Springs,GA,USA -Transport Topics -14 April 2010: -- UPS Inc. said its first-quarter earnings per share will increase to 53 cents, from 40 cents a year ago, while adjusted earnings will be 71 cents, up from 52 cents last year... As a result of the strong earnings and an improved outlook for the remainder of the year, full-year adjusted earnings will be $3.05 to $3.30 per share, “a significant increase over the $2.70 to $3.05” guidance provided in February, UPS said late Wednesday... First-quarter revenue rose 7%, led by increases of 18% in the international package unit and 14% in the supply chain and freight segment... International daily volumes grew significantly with exports up more than 9%, while U.S. domestic daily volume rose less than 1%, the first year-over-year growth in more than two years... (Photo from wikipedia: UPS's Airbus A300F)
* Kansas - RUMOURS: Questions, Anger at YRCW over President’s Departure
Overland Park,KS,USA -Teamsters for D.U. -April 14, 2010: -- The sudden departure of YRCW’s President and Chief Operating Officer, Timothy Wicks, has led to a flurry of speculation in the media, wild rumors fueled by competitors, and some anger among YRC Teamsters... Speculation about why he left runs the course, including disagreements with CEO, Bill Zollars. Whatever the inside story, a number of Teamsters are upset that he was paid “retention bonuses” of $400,000 in January and $200,000 on April 1 supposedly to stay the course with YRCW. It’s small potatoes for the corporation, but it’s an irritation to plenty of Teamsters and lower-level management people who have been hit with painful concessions and suspension of pension credits... Hopefully the incident will not harm Teamsters’ efforts to help get YRC on the right track...* Colorado - Priola Trucking Business Incentives
Denver,CO,USA -Gateway News Report -April 14, 2010: -- Rep. Kevin Priola, R-Henderson, today presented to committee his proposal that would grant incentives for investment in the trucking industry in Colorado ... According to Priola, truck registration in Colorado has dropped more than 57% since 2000 and trucking employment declined by 30,000 jobs, costing the state considerable tax revenues... Priola’s proposal would allow the trucking industry to qualify for enterprise-zones and sales-tax credits. It would grant companies a sales tax refund as well as an income credit for their commercial vehicle investment in Colorado. It would also increase the fines for egregiously overweight trucks and the money collected from overweight vehicles fines would go into a fund that would pay for these incentives and offset their cost, while also protecting our roads and environment...
Labels: trucking industry news USA
posted by Unknown @ 6:25 AM
0 Comments:
Post a Comment
<< Home