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TRUCKING INDUSTRY NEWS * USA
* Arizona - Truckload sector ripe for acquisition activity
Phoenix,AZ,USA -Fleet Owner, by Sean Kilcarr -Apr 2, 2010: -- A move by Knight Transportation earlier this year to be in position to acquire some or all of a $450 million carrier is the latest – and largest – piece of evidence that acquisition activity is poised to increase significantly in the truckload sector... Jon Langenfeld, chief analyst with investment firm Robert W. Baird & Co., said Knight entered into a largely unnoticed “consulting engagement” with a $450 million dry van and flatbed carrier operating 2,500 to 3,000 trucks primarily in the Southeast and Midwest – a good complement to Knight’s existing business segments and geography, he noted... Langenfeld add that the initial terms of the deal gives Knight the right to purchase 49% of the carrier at a predetermined but undisclosed price and the right to purchase the remaining 51% at a price based on operating performance – with the “consulting” arrangement providing a way for Knight to manage the risks of something unexpected occurring... (Image from jobing: Knight) 
* Pennsylvania - Parcel Carriers Claim Bigger Share of Trucking: UPS, FedEx boosted revenue share among top 50 carriers by 10 percent
Pittsburgh,PA,USA -The Journal of Commerce Online, by William B. Cassidy -Apr 1, 2010: -- The two largest trucking businesses increased their market share last year despite falling revenue, holding onto business better than many of their smaller competitors... UPS and FedEx, the nation’s two largest trucking operators, increased their share of the revenue generated by the top 50 trucking companies to 41.7 percent, a 10.1 percent increase, according to a study by the SJ Consulting Group, Pittsburgh... That’s a gain of 4.2 percentage points over 2008, when their sales accounted for 37.5 percent of the top 50 carriers’ combined revenue, SJ Consulting said... Much of their market share gain apparently came at the expense of less-than-truckload competitors. The 14 LTL carriers on the list of top 50 trucking companies saw their share of the group’s revenue drop 10.2 percent, or 2.5 percentage points, from 2008... Those LTL companies had $17.1 billion in trucking revenue, according to SJ Consulting... * Missouri - Prime Leads Top 50 Truckers in Revenue Gain. Specialized carrier bucks recession with 7.3 percent rise in 2009
Springfield,MO,USA -The Journal of Commerce Online, by William B. Cassidy -Apr 1, 2010: -- Specialized truckload carrier Prime managed to do something none of the 49 other top trucking companies accomplished in 2009: Increase its revenue... In a year when the other 49 top trucking companies ranked by revenue saw sales slide anywhere from 7.6 percent to 41.4 percent, Prime managed to boost its sales 7.3 percent... Prime ranks 14th among the top 50 trucking companies tracked by The Journal of Commerce and SJ Consulting Group, a transportation consulting firm in Pittsburgh... Prime specializes in refrigerated, flatbed and tanker trucking and had $992 million in revenue in 2009, up from $920 million in 2008, SJ Consulting said... The company may have benefited from the troubles of its smaller competitors. The flatbed industry, in particular, was hit hard by the collapse of the construction business... Last month the company raised its owner-operator base pay to 95 cents a mile... (Photo from hankstruckpictures: Prime's Freightliner truck) 
* Pennsylvania - Biggest Trucking Companies Shrinking. Number of billion dollar truckers dropped along with revenue in 2009
Pittsburg,PA,USA -The Journal of Commerce Online, by William B. Cassidy -Apr 2, 2010: -- The select group of trucking companies with more than a billion dollars in annual revenue shrank last year, as four companies fell below the revenue threshold... That left 13 motor carriers in trucking's billion-dollar club, according to a list of the top 50 trucking companies ranked by revenue prepared by SJ Consulting Group... Those 13 companies had combined revenue of $58.3 billion in 2009, 74.2 percent of the total revenue for the top 50 carriers. Altogether, that was a 16 percent drop from the $69.4 billion in revenue the same group of carriers had the previous year... They were led by UPS and FedEx... The Pittsburgh-based consultant only counted revenue from trucking operations, leaving out supply chain, logistics and other sources of revenue... At UPS, SJ Consulting included UPS Freight and ground-based package revenue. At FedEx, it included FedEx Ground and FedEx Freight and its subsidiary units... The billion dollar club included five less-than-truckload carriers and six truckload carriers. The LTL carriers were YRC Worldwide, Con-way, ABF Freight System, Estes Express Lines and Old Dominion Freight Line... The truckload carriers were J.B. Hunt Transport Services, Schneider National, Swift Transportation, Landstar System, Werner Enterprises and U.S. Xpress Enterprises... Crete Carrier, Greatwide Logistics, C.R. England and Saia, which were all billion-dollar companies in 2008, saw sales drop below that threshold last year...Labels: trucking industry news USA
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