GLG News by Automotive OEMs Experts

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Trucking Time Bomb: What To Do About Mexican Trucks?

August 20, 2010

Analysis of:Teamsters Urge Federal Government To Challenge Mexico's Retaliatory Tariffs -- WASHINGTON, Aug. 16 /PRNewswire-USNewswire/ -- | www.prnewswire.com

Mexico plans to impose import tariffs of as much as 25 percent on a variety of U.S. products in retaliation for the failure of the U.S. government to allow Mexican trucks to operate north of the border, as required under terms of the 16-year-old North American Free Trade Agreement (NAFTA). Mexico will administer tariffs on a rotating list of 99 U.S. products valued at about $2.5 billion.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

YRC Q2 Bottom Line: More losses, more expensive debt

August 4, 2010

Analysis of:YRC Worldwide (NASDAQ: YRCW) Can't Shake Downward Spiral In Q2 | www.istockanalyst.com

Financially ailing LTL giant YRC Worldwide narrowed its second-quarter net loss to $9.5 million, compared with year-ago quarterly losses of $309 million. That came on a 2.9 percent drop of revenue to $1.1 billion. But YRC's long-term survivability is still a huge question mark, as it faces "snapback" pension payments to the Teamsters union multiemployer pension plans of as much as $350 million a year, plus higher borrowing costs as it trades it long-dated debt for shorter-term debt at higher interest costs.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Which Trucking Company Benefits Most from a YRC Closure? How About ODFL?

July 28, 2010

Analysis of:UPDATE 3-Old Dominion Freight Line Q2 beats Street, shares rise | Reuters | www.reuters.com

Old Dominion Freight Line, the nation's seventh-largest LTL trucking company, reported a surge in second-quarter net income of $21.5 million on 16.5 percent rise in revenue to $368.3 million, compared to 10.7 million net income in the 2009 second quarter. Analysts noted ODFL's ability to raise rates as well as a 13.4 percent rise in tonnage in helping the company post an industry-best 89.1 operating ratio (OR) in the second quarter.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Final Nail in YRC's Coffin? It Could Be Teamsters' Pension Payments

July 6, 2010

Analysis of:Saving Teamster Pensions | www.tdu.org

Struggling YRC Worldwide is facing unrest among its Teamsters rank and file, as well as the Teamsters international leadership, for the pension freeze won a year ago. That freeze, due to expire next January, could result in an additional costs of as much as $30 million a month for cash-strapped YRC. Teamsters President James. P. "Jim" Hoffa is vowing to hold YRC's "feet to the fire" to resume payments into the Teamsters' multi-employer plans.

Mark FendleyContinuous Improvement ManagerBMW MANUFACTURING CO., LLC

For Faurecia, Other Suppliers, and OEM's, Emerging Markets are the Surest Bets

July 1, 2010

Analysis of:Faurecia Gets Stronger in China, Buys Stake in Key Partsmaker | europe.autonews.com

Automotive Suppliers and OEM's are expanding in market operations through added capacity and acquisitions in Mexico, China, India, and Russia. This is not only a strategy to be in emerging markets to be positioned for vehicle sale growth in those markets but also to create an export foundation and currency hedge for the long term.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

YRCW Turning the Corner? It Must Be The Longest Block in America

June 30, 2010

Analysis of:YRC still sees positive EBITDA, approves share plan | Reuters | www.reuters.com

YRC Worldwide, which has lost in excess of $2 billion in the last three years, says its outlook is improving despite shutdown costs associated with a $37 million sale of parts of its YRC Logistics business to Austin Ventures. That will add about $10 million of one-time shutdown costs and asset write-downs. Still, the struggling U.S. trucker, once the largest trucking company by revenue, said it expects positive earnings before interest, taxes, depreciation and amortization (EBITA) in the second quarter.

William RussoPresidentSynergistics Limited

Upgrading to a Hybrid Vehicle: Practical Automotive Innovation From India

June 17, 2010

Analysis of:Bharat Forge and KPIT Cummins join forces | www.ft.com

Since the introduction of the automobile in the late 1800’s, the internal combustion engine (ICE) has emerged as the dominant vehicle propulsion technology. However, at the end of the 19th century, electric powered vehicles actually outsold all other types of cars. In fact, the Electric Vehicle (EV) was introduced several decades earlier than ICE-powered cars. However, ICE eventually surpassed the EV due to its virtues of speed, power and range.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Nice Quarter for FedEx, But Why Was the Stock Hammered?

June 17, 2010

Analysis of:FedEx Posts $419 Million in Profit For Quarter | query.nytimes.com

FedEx reported net profit of $419 million on $9.43 billion revenue for its quarter ended May 31, swinging back to profitability after an $876 million loss in the year-ago quarter. Its revenue jumped 20 percent in the quarter as it continued to take advantage of what the company called "a continued moderate recovery." Still, FedEx shares fell nearly 6 percent, or $4.94 a share, on the day of the announcement as investors and analysts were looking for more optimistic guidance from the company.

Mark FendleyContinuous Improvement ManagerBMW MANUFACTURING CO., LLC

Automotive Industry Consolidation and M&A Will Occur, But what are the Targets?

June 15, 2010

Analysis of:Faurecia, Valeo Plan Takeovers as Car-Parts M&A Looms | www.bloomberg.com

The article in Bloomberg suggests that automotive Tier suppliers will be goig through some consolidation, merger and acquisition, but what sort of companies would be of interest and what are the strategies? What are some of the predictors that will drive the analysis, from an industry standpoint.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Asset Sales to Continue at YRCW. Is This Another Fire Sale?

June 14, 2010

Analysis of:YRC’s Zollars: Liquidity Plans a Good Problem to Have | blogs.barrons.com

YRC Worldwide CEO Bill Zollars says asset sales of his company, once the largest trucking company by revenue in the country, will continue as it seeks additional means of liquidity. This is occurring even as the rest of the trucking industry is gearing up for additional freight be added to their networks. Zollars says YRC, which has lost in excess of $2 billion the last three years, should have positive earnings before interest, depreciation and debt in this quarter.

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