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TRUCKING INDUSTRY * USA - YRC Reconfirms Positive Adjusted 2Q Earnings
Tonnage Improves from First-Quarter
Overland Park,KS,USA -Transport Topics -12 July 2010: -- YRC Worldwide reconfirmed Monday that its second quarter adjusted earnings before interest, taxes, depreciation and amortization would be positive, within a range of $35 million to $45 million, as second-quarter tonnage improved... Tonnage per day at YRC National was 27,000 for the quarter, while at YRC Regional it was 26,900 — 11% and 15.2% higher, respectively, than comparable first-quarter figures, the company said in a statement... The EBITDA figure excludes YRC’s logistics segment, which will be reported as discontinued operations. When including that adjusted loss of $9 million to $11 million, YRC expects its second-quarter adjusted EBITDA to be $24 million to $36 million — exceeding the $5 million covenant level required by its credit agreement... (Photo from en.wikipedia.org: YRC Worldwide Inc.: Overland,KN,headquarter)* Texas - Dean Foods, Thermo King testing electric reefer unit
Dallas,TX,USA -Fleet Owner, by Brian Straight -Jul 12, 2010: -- Dean Foods and Thermo King are working together on a prototype all-electric refrigeration system, the companies have announced. The unit, placed into service in March, is being tested at Dean Food’s Dallas-area facility... Based on Thermo King’s TS500 model, the unit is powered through the truck’s alternator using power generated by the engine to supply electrical power. When the vehicle is not running, the unit can be plugged into shore power through a commercial 230-volt outlet. If the truck is turned off and the system is not plugged in to shore power, it does not run... There is no independent engine for the refrigeration unit, meaning there is also no oil, filters or anti-freeze to maintain. They also emit less noise than mechanical refrigeration systems... (Photo from thermoking: SB-210)
* Illinois - EBE adds fraud detection to logistics application
East Moline,ILL,USA -Fleet Owner -Jul 12, 2010: -- EBE Technologies has added a fraud detection function to its Logistics Management software package. The program also can help shippers ensure that the contracted carrier is the one who arrives to accept a load... The fraud detection function works within the carrier onboarding module and compares the phone number and address of a carrier completing an online application with the data contained within the FMCSA database and that of whitepages.com. All the data must match before a carrier packet is created and released to the carrier... To ensure the correct carrier arrives to pick up a brokered load, the system uses a rate confirmation, sending notification to the shipper with the carrier information that has been assigned and accepted the load. If a different carrier arrives, the shipper will alert the logistic company and the workflow would trigger an alert to the logistics company... (Image from ebeteams: EBE Tech. headquarter)* Maryland: Poised to boost auto liability coverage
Annapolis,MAR,USA -Land Line Magazine, by Keith Goble -July 12, 2010: -- Truckers will be interested to know that a new law in Maryland will soon require motorists to carry more liability insurance... In place since the early 1970s, existing Maryland law requires automobile policyholders to have at least $15,000 for damage to the property of others. They also are required to carry $20,000 coverage for injury or death to one person in any wreck and $40,000 coverage for injury or death to more than one person... The new law increases the minimum requirements to $30,000 for each person injured or killed, and up to $60,000 for additional injuries or deaths... The increases will go into effect on Jan. 1, 2011... (Photo from marylandaccidentlawyers: trucks on road)
* Alabama - Auburn University to Study Truck Pricing. Two-phase study will probe trends in LTL pricing practices
Auburn,AL,USA -The Journal of Commerce Online, by William B. Cassidy -Jul 12, 2010: -- Supply chain researchers at Auburn University are seeking carriers and shippers willing to participate in a study on trends in less-than-truckload pricing... The study will provide an up-to-date benchmark on how prices are negotiated and set in the LTL industry for companies shipping and hauling goods... Joe Hanna, department chair and professor of supply chain management at Auburn, launched the study at the SMC3 summer conference in West Palm Beach June 25, asking motor carriers, shippers and third-party logistics providers for help... The study will have two phases, Hanna said. The first will be a series of interviews with carriers, shippers and 3PLs on current LTL pricing practices...Labels: trucking industry news USA
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