GLG News by Automotive OEMs Experts

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Big-Foot YRC Drops the Other Shoe on Shareholders

November 3, 2009

Analysis of:YRC is Seeking Big Concession by Shareholders | www.google.com

Embattled trucking giant YRC Worldwide is asking its shareholders to give up 95 percent ownership in the trucking company to lenders in what it calls a "final step" in its recovery plan. One analyst called the deal a "train wreck hitting the school bus full of kids and nuns" for shareholders, who caused a massive selloff in the stock in one day of more than 60 percent to $1.32 a share.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

YRC's Spin May Be Positive, But the Operating Numbers Are Not

October 30, 2009

Analysis of:YRC Worldwide Reports Significant Sequential Improvement in 3Q 2009 Results | www.google.com

YRC Worldwide, the nation's largest trucking company by volume, reported a $158.7 million loss in the third quarter on sharply declining revenue of  $1.3 billion, compared with a net loss of $720 million on $2.38 billion revenue in the year-ago quarter. Despite the huge losses, YRC Chairman and CEO Bill Zollars says the company "gained significant momentum" in the third quarter and some progress in new credit agreements with its consortium of lenders.

William RussoPresidentSynergistics Limited

China Auto Trend #7: Local Vehicle Manufacturer’s Push to Build Brand Equity

October 28, 2009

Analysis of:The Path to Globalization of China's Automotive Industry | www.globalautoindustry.com

China opened its domestic market to foreign vehicle manufacturers in the 1980’s, starting with the first sino-foreign automotive joint venture between American Motors Corporation (AMC) and Beijing Automotive Industry Corporation (BAIC). Through the use of the joint venture form of cooperation, the government then hoped a domestic industry would emerge where the Chinese domestic companies would learn from their partners and eventually emerge as successful automotive companies.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Don't Panic. This Trucking Recovery May Be Two Steps Ahead, One Step Back

October 23, 2009

Analysis of:ATA Truck Tonnage Index Slipped 0.3 Percent in September | www.reuters.com

The American Trucking Associations' closely watched advanced seasonally adjusted for-hire Truck Tonnage Index fell 0.3 percent in September. This came after it increased 2.1 percent in both July and August.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Best is Yet to Come for C.H. Robinson

October 21, 2009

Analysis of:Weak Demand Hurts Shipper C.H. Robinson | www.google.com

C.H. Robinson, the leading third-party logistics provider at nearly $8 billion in revenue, posted $95.5 million in third-quarter net profit despite a 15.6 percent decline in revenue to $1.95 billion. Its core trucking business rose 2.1 percent as the nation's industrial base began its economic recovery, although its ocean shipping business was off nearly 22 percent and its intermodal revenue decline 30 percent, although it was a small percentage of its overall business.

Thom WilliamsPrincipal & Managing DirectorAmherstAlphaAdvisors Co.

The LTL market truckers once knew will never return!

October 19, 2009

Analysis of:LTL market remains in a state of flux | www.purchasing.com

Gone are the "good old days" of high-margin LTL (less than truckload) freight transportation. At its burial, many now laid-off union members, disheartened officials of union benefit and pension funds, once successful LTL executives, and many former vendors to the once-prosperous industry kindly paid their respects, then gathered together over cocktails and worried about their own futures.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

FedEx is Not Alone in Fighting Independent Contractor Battles.

October 19, 2009

Analysis of:'Contractor' Lable Provokes Legal Disputes | online.wsj.com

The Internal Revenue Service, several states and the courts are stepping up their pursuit of legal remedies and penalties for companies that misclassify company employees as independent contractors. FedEx has been at the center of these legal battles for more than a decade as unions, states and some courts seek financial enhancement if independent owner-operators are reclassified as employees.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Another Leash on Life for YRC Worldwide

October 12, 2009

Analysis of:Lenders Extend Deadlines for YRC Worldwide | sacramento.bizjournals.com

A consortium of lenders has given YRC Worldwide, the nation's largest trucking company, two more weeks before a provision that requires the Overland Park, Kan.-based LTL carrier to maintain $100 million in liquidity. The company says it has been given until Oct. 30 before the amendment, the company's 11th such change, takes effect.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Hardball on the Highways: Paccar Closing Strike-Hobbled Peterbilt Plant

October 2, 2009

Analysis of:Peterbilt Closing Plant in Madison | www.google.com

Paccar's Peterbilt Motor Co. unit is closing its Madison, Tenn., permanently on Dec. 1. The news comes after the plant stopped manufacturing heavy duty Class 8 trucks in mid-20908. The company and the United Auto Workers Local 1832 were unable to agree on a new contract.

William RussoPresidentSynergistics Limited

China Auto Trend 6: Hyper-Competition Across China Automotive Market Segments

September 30, 2009

Analysis of:China: booming car sales, tiny profits | www.businessweek.com

The sixth of the Eight Overarching China Automotive Trends That Are Revolutionizing the Auto Industry concerns the rapidly changing structure of the China automotive market and its impact on the competitive landscape.  While many Vehicle Manufacturers have reported robust sales in 2009, what may not be understood or appreciated among those who are observing the growth in sales is that China is a market where quantity of sales should not be confused with quality of sales. 

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