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TRUCKING INDUSTRY * USA - The Companies With the Highest Level of Efficiency
YRC Worldwide is Among the Companies in the Trucking Industry With the Highest Level of Efficiency
Washington,DC,USA -Freight Teamsters -June 8, 2010: -- Below are the top five most-efficient companies in the Trucking industry as ranked by Revenue Per Employee (RPE). Analysts use RPE as a measure to compare the productivity of companies in the same industry... YRC Worldwide ranks first with an RPE of $2.03M; Landstar System ranks second with an RPE of $1.53M; and Universal Truckload Services ranks third with an RPE of $0.78M. Trailer Bridge follows with an RPE of $0.51M and Quality Distribution rounds out the top five with an RPE of $0.37M...* Kansas - YRC Worldwide Seeks More Financing
Overland Park,KS,USA -The Journal of Commerce Online, by William B. Cassidy -Jun 14, 2010: -- Trucking giant struggles with cash burn as shipping volumes increase... YRC Worldwide revised a credit agreement to borrow additional money, the company said Monday, as the trucking operator said it expects a pre-tax profit in the second quarter but that higher spending is siphoning away cash... The $5.3 billion carrier, which lost $274 million in the first quarter, said it also expects an operating profit at its regional less-than-truckload group and that overall shipping volume in June has been better than it was in May... But YRC said greater “net cash usage” is biting into its liquidity, pushing the company to negotiate with its lending group and consider the sale of “non-strategic assets or business lines”... YRC expects to boost its share value through a reverse stock split this summer...* DC - Federal Reserve: Transportation Activity on the Rise
Washington,DC,USA -Truckinginfo -10 June 2010: -- Transportation and manufacturing activity has improved over the last few months, according to the Federal Reserve. In its latest Beige Book report released Wednesday, they said, trucking and rail activity increased in April and May... According to executives, in the New York district business has improved since the last report and that lower diesel prices are providing some relief to truckers. Freight has seen some positive volume trends in the Cleveland district. The Richmond, VA., area had seen some stronger revenues, due in part to being able to raise prices. In Atlanta, the trucking industry noted a boost in business. And in the San Francisco district, contacts said they have seen prices increases for transportation services... Freight transport executives said, while increased volume exceeded expectations, profits are still below historical norms. They are also still concerned about the sustainability of the recovery and credit availability... Executives were unsure about whether the improvements reflected reduced capacity in the transportation industry or an overall increase in demand...
* Massachusetts - Ex-lobbyist regulator may add to dangerous trucks on Boston streets
Boston,MASS,USA -The Boston Herald, by Thomas Grillo -June 10, 2010: -- Hub residents yesterday blasted the Obama administration official working to allow dangerous fuel trucks to drive through downtown because she spent years lobbying for the trucking industry... Anne Ferro, administrator of the Federal Motor Carrier Safety Administration, has ruled against Boston’s ban on hazardous materials trucks during the daytime. She has given the Menino administration until July 1 to justify the ban in the North End and Waterfront neighborhoods... As chief executive of the Maryland Motor Truck Association, Ferro’s mission then was to increase efficiency and reduce trucking costs. Her federal mandate now is to increase safety... But Alfano said Ferro seems to be hanging onto her old ways... “It’s just not safe,” Tinlin said... (Photo by John Wilcox - FIRED UP: Mario Alfano holds up a sign arguing that trucks carrying hazardous cargo, or HC, should be barred from North End and waterfront streets in the daytime)Labels: trucking industry news USA
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