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Nov 6, 2010

TRUCKING INDUSTRY * USA - Trucking adds 300 jobs in Oct.

Washington,DC,USA -Overdrive -November 5, 2010: -- Trucking companies added 300 new employees on a seasonally adjusted basis in October, according to preliminary payroll employment figures released Nov. 5, by the U.S. Department of Labor’s Bureau of Labor Statistics... BLS also revised upward its September figures upward by 400 jobs and its August figures downward by 200. Since the beginning of March, trucking companies have added 15,900 jobs, according to the latest numbers... For the first time since the recent downturn in trucking jobs began, payroll employment was up year over year. The for-hire trucking industry employed 2,300 more people in October than in October 2009, according to the latest data. Total employment was 1.243 million – down 210,100, or 14.5 percent, from peak trucking employment in January 2007... The BLS numbers reflect all payroll employment in for-hire trucking, but they don’t include trucking-related jobs in other industries, such as a truck driver for a private fleet. Nor do the numbers reflect the total amount of hiring since they only include new jobs, not replacements for existing positions...


* Kansas - YRC to Shed 50 Terminals

Overland Park,KN,USA -The Journal of Commerce Online, by William B. Cassidy  -Nov 5, 2010: -- National LTL carrier still shrinking to eliminate capacity, increase efficiency... The long reorganization of long-haul less-than-truckload carrier YRC is still a work in progress, as the company looks to consolidate by shedding 50 terminals... The company plans to shrink its 350-terminal network to about 300 terminals as it proceeds with a financial and operational restructuring plan in 2011... By the end of the year, the company will have sold $70 million to $80 million in excess property, YRC Worldwide said in its third-quarter earnings statement... YRC Worldwide sold $36 million in excess property in the third quarter... YRC Worldwide has been struggling to "right-size" operations since the economy began to slide toward recession in 2007. Rapid expansion earlier in the decade left the nation's largest trucker with excess terminal capacity when shipping declined...

* Kansas - YRC Worldwide Posts $62 Million Loss

Overland Park,KN,USA -The Journal of Commerce Online, by William B. Cassidy -Nov 5, 2010: -- Losses narrow from year ago, but revenue drops at nation's largest trucker... YRC Worldwide reported a $62 million third-quarter net loss as revenue dropped 5.7 percent from a year ago at the nation's largest less-than-truckload operator... The company's sales totaled $1.13 billion. It had $3.2 billion in sales in the first nine months of 2010, compared with $3.8 billion in the same period last year... The troubled company narrowed its losses substantially compared with 2009 results but saw its net loss rise from $9.5 million in the second quarter... It also reported a more rapid recovery at its regional carriers -- Holland, New Penn and Reddaway -- than at long-haul less-than-truckload carrier YRC... YRC National, which includes YRC in the U.S. and YRC Reimer in Canada, had an operating loss of $21.6 million on $755 million in revenue for the quarter... The former Yellow and Roadway lost $122 million in the third quarter a year ago... YRC Regional reported a net profit of $8.6 million on $354.2 million in revenue...


* Georgia - Brown Trucking Buys West Brothers

Lithonia,GA,USA -The Journal of Commerce Online, by William B. Cassidy -Nov 8, 2010: -- Short-haul trucker expands into warehousing, leasing, brokerage services... Southeastern short-haul carrier Brown Trucking acquired West Brothers' Companies, expanding its capacity and adding new lines of business... The buyout adds warehousing, equipment leasing and brokerage to Brown's portfolio, as well as about 220 tractors or trucks and 600 trailers... It will expand its dedicated contract carriage business, as well... Brown now operates a combined fleet of 810 tractors and 3,500 trailers, but the company is looking for new business beyond its assets... West primarily works in verticals such as paper, construction machinery, personal care products, consumer packaging and pharmaceuticals, the company said... (Photo from showusyourtruck: Brown Trucking)

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