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Aug 19, 2009

Domestic Intermodal * USA - Gains market share

Nashville,IND,USA -The Trucker News Services -19 Aug 2009: -- The market share represented by intermodal movement of domestic equipment (domestic containers and trailers) increased by a solid 0.3 percent to a level of 6.5 percent, according to FTR Associates... Domestic intermodal transport gained significant market share against trucks in the second quarter of 2009, a recent analysis by FTR Associates shows. Intermodal’s share of U.S. long-haul (550+ mile) movements of international and domestic containerized freight edged up by 0.1 percent to a level of 12.4 percent from the first to the second quarter... But when movements of international containers are excluded, the market share represented by intermodal movement of domestic equipment (domestic containers and trailers) increased by a solid 0.3 percent to a level of 6.5 percent. The analysis is contained in the August issue of FTR’s Intermodal Monthly Update...


* USA - Work begins on intermodal rail gateway

Baltimore,OH,USA -Fleet Owner, by Sean Kilcarr -Aug 18, 2009: -- The cornerstone for a massive network of intermodal facilities aimed at creating a more efficient freight link between the Mid-Atlantic ports and the Midwest is now being laid in North Baltimore, OH, the eventual home of the new Northwest Ohio Intermodal Terminal. The first step in creation of what is being called the National Gateway, completion of the Ohio terminal is expected by 2011... Unveiled in May last year, the National Gateway public-private project is being headed by rail giant CSX Corp. through its CSX Intermodal division. The railroad is ponying up $300 million of the project’s estimated $840 million price tag to enhance three existing rail corridors that run through Maryland, Virginia, North Carolina, Pennsylvania, Ohio and West Virginia. The plan calls for completing the entire network of intermodal terminals by 2015... (Photo: An intermodal trailer)

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Jun 23, 2007

TRUCKMAKERS' STOCKS NEWS * USA

* Navistar shares rally on laudatory report - Caterpillar mentioned as potential buyer of heavy truck maker
Chicago,Ill,USA -The Chicago Tribune, by James P. Miller -June 22, 2007: -- Shares of Navistar International Inc. traded modestly higher today -- despite the broad selloff that has dragged down most stocks -- after UBS analyst David Bleustein raised his rating on shares of the Warrenville truck and engine manufacturer to "buy" from "neutral"... In an intriguing report to investors that became public today, Bleustein raised his price target for Navistar shares from $63 to an eye-popping $81... The stock has boomed because some investors think Navistar may be a buyout candidate, although the company has been the subject of periodic acquisition rumors -- none of which ever proved true -- for at least a dozen years...

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Apr 7, 2007

MARKET SHARES * China - Truck maker CNHTC plans $845 mln asset shift

Shanghai,China -Reuters (USA) -April 6, 2007: -- China National Heavy Duty Truck Co. (CNHTC) plans to transfer its entire stake in CNHTC Jinan Truck Co. Ltd. to a Hong Kong-based unit in an $845 million deal, paving the way for an overseas listing of the country's third-largest truck marker... CNHTC will transfer its 63.78 percent holding in the Shenzhen-listed unit to CNHTC Hong Kong via a newly formed shell company registered in the Virgin Islands, CNHTC Jinan said in a statement on Friday... Sources close to the company told Reuters in January that CNHTC, Volvo's China partner, planned to list in Hong Kong in June, raising between US$300 million and US$500 million...

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Apr 4, 2007

MARKETS SHARES * USA - Logistic & Autos

* USA - Logistics Index Fell 2%
NY,USA -Forbes, by Robert Malone -3 Apr 2007: -- The Forbes Logistics Index for the week ending March 23 fell 2% to $197.15, while the Standard & Poor's 500 fell 1%...
The Winners: --Park-Ohio Holdings --Brightpoint --Brink's; and --EGL
The Losers: --Hub Group --AMR --Forward Air --Pacer International --FedEx --J.B. Hunt Transport Services --USA Truck --CSX --Con-way --C.H. Robinson Worldwide --Union Pacific --Dynamex --Ryder System --United Parcel Service --Imperial Holdings --ScanSource --Manhattan Associates --Sunoco and --Covenant Transport...
The Comment: The logistics market wiped out most gains of the previous wee

* USA - Ford posts 9% decline in March U.S. sales
San Francisco,CAL,USA -MarketWatch, by Shawn Langlois -Apr 3, 2007: -- Ford Motor Co. on Tuesday posted a 9% decline in March U.S. sales to 264,975 cars and trucks, with sales of the flagship F-Series truck down 15%. Land Rover slipped 11.8% to lead a broad retreat in Ford's luxury Premier Auto Group line. Volvo was off 4.2% while Jaguar sales fell 10.7%. Overall, car sales slid 14.6% while trucks took a 5.8% hit. Lincoln, thanks in part to its new crossover, was the only brand to notch an increase, up 9.8% from a year ago. (Corrects year-over-year percentage changes)...

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Mar 16, 2007

MARKETS SHARES

* USA - YRC Worldwide Ranks Number One in its Industry for the Fifth Consecutive Year on the FORTUNE Magazine Annual List of America's Most Admired Companies
Overland Park,Kan,USA -PRNewswire-FirstCall -9 Mar 2007: -- For the fifth consecutive year YRC Worldwide (Nasdaq: YRCW - News), one of the largest transportation service providers in the world, has been ranked Number One in its industry on the FORTUNE Magazine annual list of America's Most Admired Companies. In addition, YRC Worldwide ranked number one in all eight categories, an exceptional recognition achieved by only 11 other companies...

* USA - Con-way Ranked No. 1 in Transportation and Logistics on FORTUNE's 2007 List of 'America's Most Admired Companies
SAN MATEO, Cal,USA -PRNewswire-FirstCall -March 8, 2007: -- Con-way Inc. (NYSE: CNW - News) announced today that it was named the most admired company in the transportation and logistics industry on FORTUNE's 2007 list of "America's Most Admired Companies."...

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Mar 1, 2007

* UK - Trucking firm seeks investors

London,England,UK -Telegraph.co.uk, by Ben Harrington -28 Feb 2007: -- Eddie Stobart, Britain's best-loved trucking company, could be about to bring in new investors. Any deal will be watched closely by the legion of truck-spotters, who acknowledge the distinctive green and gold lorries on Britain's motorways... The company, still partly in family hands, could be valued in excess of £100m... BDO Stoy Hayward is advising on options for Eddie Stobart... WA Developments International, the owner of Eddie Stobart, has hired corporate finance group BDO Stoy Hayward to advise on strategic options, which could lead to the sale of some Eddie Stobart share capital... (Picture: BDO Stoy Hayward is advising on options for Eddie Stobart)

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Market Shares * USA - Trucking and Railroads

NY,USA -Forbes, by MARLEY SEAMAN -28 Feb 2007: -- Transportation stocks traded mixed Wednesday, with some in the railroad and trucking sectors inching higher despite analysts' pessimism and negative data... The transportation sector, including railroad and trucking companies, is considered a harbinger of economic prospects, and was among the hardest hit when the market plummeted Tuesday, following a nearly 9 percent drop in Chinese markets and comments by former Fed Chief Alan Greenspan that the U.S was headed for a recession... The Dow Jones Transportation Average slipped 172.96 points, or 3.4 percent, to close at 4,863.76 Tuesday, mirroring the Dow Jones Industrial average, and was down 0.86 at 4,862.90 in afternoon trading...

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Feb 14, 2007

Market Shares * USA - Investment firm calls truck pre-buy ‘astonishing’

Class 8 downturn could be deeper than expected


New York,NY,USA -Today's Trucking (CAN) -Feb 13, 2007: -- Heavy truck orders during 2006 were "astonishing" considering weakening truck fundamentals and falling freight tonnage in North America, according to New York transportation equipment market experts at Bear Stearns... That means, says the consulting firm, the pre-buy phenomenon of 2006 was a far bigger driver of truck sales than actual market conditions demanded. The firm therefore believes the commercial vehicle downturn for 2007 will be deeper and longer than the market expects... Retail sales of class 8 heavy-duty trucks topped out at 285,000 in 2006, a 12.3 percent increase over the 250,000 sold in 2005. Many truck OEMs and industry suppliers are predicting a 30 to 35 percent drop in 2007... Jan HD orders were lower than experts expected; Feb and March won't likely be better...


* USA - Trucking Shares Advance
USA -Forbes/Associated Press -13 Feb 2007: -- A top executive at Arkansas Best Corp. said Tuesday that the first two weeks of February have hinted at an uptick in freight demand, but added that she wouldn't take it as a sign that a trucking industry recovery is gaining traction... "We've seen some indications of improving trends, but we haven't seen it over a long enough period to know whether it's going to continue," said Judy R. McReynolds, chief financial officer of the Fort Smith, Ark.-based carrier... Perhaps more importantly, McReynolds told analysts at the Deutsche Bank Small Cap Growth Conference in Naples, Fla., "pricing is holding and rational"...

* USA - Wabash Unabashed
USA -Motley Fool, by Rich Duprey -Febr 13, 2007: -- Sliding like a truck with a broken axle, trailer maker Wabash National reported a $5 million quarterly loss amid a challenging industry environment... Trucking is the backbone of transportation in the U.S., and the trailers are the sinews supporting it. When trucking slips, it takes trailer companies like Wabash, Lufkin, Great Dane, and Stoughton with it...

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Feb 9, 2007

Quick hits * USA - Navistar to delist

New York,NY,USA -The Detroit News (Detroit,Mich) -Feb 08, 2007: -- Truckmaker Navistar International Corp., whose shares have been listed on the New York Stock Exchange since 1908, said the exchange will suspend trading after Feb. 13 because of delays in filing a restatement of 2005 earnings. The stock will move to the Pink Sheets, an electronic quote system for securities...

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Jan 29, 2007

MARKET SHARES * USA - Analyst Sees Tough 2007 for Heavy Trucks

New York,NY,USA -MSN Money/AP) -26 Jan 2007: -- A JPMorgan analyst on Friday initiated coverage of several heavy truck manufacturers, saying that 2007 will be a challenging year for the sector... Stephen Volkmann said that the stock have held up very well considering Wall Street's overall negative view of the sector, but said that view is largely justified... Truck companies and other heavy equipment manufacturers stocked up on diesel engines toward the end of 2006, in anticipation of stricter emissions standards that became effective in 2007. The standards also made the engines more expensive... Although the first half of 2007 could be tough, Volkmann said that the truck-related stocks should be strong performers compared with the rest of the larger heavy machinery sector... Volkmann rated named Paccar Inc. as its top pick in the group and rated it "Overweight," along with Navistar International Corp...

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