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Jun 29, 2012

TRUCKING INDUSTRY * USA & WORLDWIDE

* Arizona - Swift Pay Incentives Target Truck Driver Retention 

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Phoenix,AZ,USA -The Journal of Commerce Online, by William B. Cassidy -Jun 26, 2012: -- $3.3 billion truckload carrier offers quarterly bonuses to high-performance truck drivers... Swift Transportation, the nation's largest truckload carrier, will offer truck drivers quarterly performance-linked bonuses that it says could add up to 6 cents per mile to their pay... The trucking company is launching its Quarterly Performance Pay incentive program as truckload carriers struggle with driver turnover rates as high as 90 percent a year... The average driver turnover rate for large truckload carriers rose 2 percentage points to 90 percent in the first quarter, according to the American Trucking Associations... The $3.3 billion Phoenix-based carrier is experiencing higher freight shipping demand, with total revenue increasing 9 percent in the first quarter to $826.9 million... Many trucking companies, including Swift, are offering signing bonuses to attract potential drivers. Those bonuses may be a factor in rising driver turnover rates, and performance bonuses may counter them...
 
* Arkansas - Arkansas Best to buy Panther Expedited for $180M 

Fort Smith,ARK,USA -The Associated Press/BusinessWeek -June 14, 2012: -- The trucking company Arkansas Best Corp. said Thursday that it is buying Panther Expedited Services Inc. from Fenway Partners LLC for about $180 million... Founded in 1992, Seville, Ohio-based Panther provides a variety of global freight shipping services and was acquired by the New York-based private equity firm in 2005. Last year, its revenue totaled about $215 million, Arkansas Best said... Arkansas Best said Panther is a good fit for the company, because it will help it provide more complete shipping services for increasing complex supply chains... 


* Sweden - New I-See cuts haulage firms’ fuel bills

Stockholm,Sweden -Volvo Trucks Magazine/I-See, by Anders Eriksson -27 June 2012: -- The truck industry is searching high and low for solutions that cut fuel consumption. One method is to use the vehicle’s kinetic energy to propel the truck. Now Volvo Trucks has developed I-See, which operates like an autopilot and takes over gearchanging and utilises gradients to save fuel...  

Facts: I-See:
1. It accelerates before the incline starts. 
2. If you are near the brow of a hill, the system avoids changing gear if possible. Every gearchange means a drop in speed. 
3. It does not accelerate when approaching a descent, but instead waits and utilises gravity. 
4. It starts freewheeling ahead of an approaching descent. 
5. It starts braking well before the downhill slope ends, but: 
6. It releases the brakes at the end of the slope to pick up speed ahead of a new ascent. 

I-See will become available on the market in 2013.

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posted by Unknown @ 5:56 PM 

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