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TRUCKING INDUSTRY * USA - FedEx to Merge LTL Networks
Integration to improve profitability, provide choice for all lengths of haul
(Video from Google Player: FedEx Stick)
Memphis,TN,USA -The Journal of Commerce Online, by William B. Cassidy -Sep 16, 2010: -- Struggling with rising freight volume and continuing losses, FedEx will merge its FedEx Freight and FedEx National LTL networks, closing as many as 100 facilities... The company plans to complete the merger by Jan. 30, 2011, laying off approximately 1,700 workers, terminating leases and selling off some assets... The combination will provide customers a choice of priority or economy less-than-truckload freight services across all lengths of haul from one integrated company... The restructuring will cost FedEx $150 million to $200 million, the company said... The transportation giant has operated two separate less-than-truckload networks since it acquired Watkins Motor Lines, now FedEx National LTL, in 2006...
* DC - Federal Government Programs for the Trucking Industry
Washington,DC,USA -eHow, by Clayton Browne -September 18, 2010: 1. The trucking industry is one of the linchpins of the consumer economy: The trucking industry employs more than 10 million people in the U.S. and brings in well over $600 billion in gross revenues every year, 5 percent of the U.S. GDP... The trucking industry is dominated by a few big companies, but there are thousands of small businesses and independent truckers out there earning a living as well...
2. Trucking Industry Loan Programs: The U.S. Dept. of Transportation and the Small Business Administration (SBA) both operate loan programs related to the trucking industry, and there are also other programs administered on the state and local level that receive federal funds. The goal of these programs is to support the U.S. trucking industry, help small businesses grow, and to assist in facilitating fuel economy and environmental initiatives.
3. Fuel Economy and Pollution Control Incentives: The largest government programs for the trucking industry from the 1970s to the 1990s are almost all related to fuel economy or pollution control incentives. And these programs have been very effective both in improving fuel economy and reducing pollution from trucks, and both the government and the trucking industry continue to cooperate with new programs including the recent federal SmartWay initiative to reduce greenhouse gas emissions.
4. Technology, Homeland Security, Other Initiatives: There have been a number of technological developments since 2000 regarding homeland security, border control, and the shipping of goods by trucks. Many of these developments are changes enabled by improved information technology, including the widespread use of GPS systems and shipping database systems, resulting in both greater security and faster transport times due to less delays. Programs like the "PrePass" system and the FAST cargo release system that began as government initiatives are rapidly becoming industry norms...
Labels: trucking industry news USA
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