| In This November 2, 2009 Issue: |
|
"In this quarter the trading environment has stabilized
further—with some early signs of positive underlying developments,"
said Peter Bakker, CEO of Netherlands-based global post and express
carrier TNT.
|
|
The October 30th weekly proprietary Truckload Index showed
demand and capacity "mostly in line with seasonal trends," according to
Morgan Stanley.
|
|
UPS Store and Mail Boxes Etc. are sponsoring the US Marine
Corps Reserve's Toys for Tots Literacy Program as part of National
Family Literacy Month.
|
|
Reporting third-quarter results, Arkansas Best Corp., parent
of national less-than-truckload (LTL) carrier ABF listed a net loss of
$5.6 million or $0.23 per share. This compares with a net income of
$15.4 million in the same period in 2008.
|
|
The National Industrial Transportation League (NITL) reported
that the Federal Motor Carrier Safety Administration (FMCSA) will review
driver hours of service rules and issue a new notice of proposed
rulemaking (NPRM) within nine months.
|
|
A $293,000 profit at YRC Worldwide's YRC Regional group put
it barely in the black. Its logistics group posted a $6 million profit
while the consolidated results of all YRC Worldwide operations lost $117
million in the third quarter.
|
These three were the articles most read in last week's
edition.
- ABF Reports Results; Announces New CEO
Though tonnage-per-day levels at less-than-truckload carrier ABF
declined 10.1% year-on-year in the third quarter, October declines
slowed to 7%. Earnings per share beat some analyst estimates, coming in
at a net loss of $0.23 vs. an expected loss of $0.36 per share.
- UPS Reports Results; Improved Volumes
Volume trends are improving as a result of a stabilizing economic
environment, said UPS as it reported third-quarter results.
- Rail Group Applauds National Rail Plan
The Association of American Railroads (AAR) applauded the Federal
Railroad Administration's (FRA) Preliminary National Rail Plan and its
recognition that freight rail's investment in infrastructure maintenance
and capacity enhancements meets national safety, reliability and
capacity needs.
|
|
| Quick Poll |
Volumes are lower, progress continues on
the Panama Canal expansion, pirates are active off Somalia have your
shipping patterns shifted?
A. Have tried northern ports on the West Coast (Oakland, Seattle,
Vancouver, etc.)
B. Have tried Mexican West Coast ports.
C. Plan to use Panama Canal for more freight.
D. Considering shifting away from Suez Canal routing due to piracy
risk.
Vote Here
|
|
|
