Chrysler/Fiat to make Major New Product Decisions
September 2, 2009
Chrysler Said to Set Board Review of Models, Fiat Integration | www.bloomberg.com
Chrysler Group LLC is finalizing its next generation products and will present to its board in September. This is a very large challenge on many levels. Issues including CAFE Standards, new platforms, Fiat/Chrysler integration and production volume must be addressed.
YRC Worldwide's Woes a Benefit to Arkansas Best LTL Unit
August 28, 2009
ABF in Talks With Teamsters | tdu.org
ABF Freight System, the largest operating unit of Arkansas Best Corp., is negotiating with the Teamsters unit over wage and pension concessions. ABF, the nation's sixth-largest LTL company with $1.83 billion revenue last year, operates in the same troubled, unionized, long-haul LTL segment that YRC Worldwide. Financially ailing YRC recently obtained a five-year 15 percent wage cut as well as an 18-month pension freeze, savings that could amount to nearly $900 million a year for YRC.
Why I Love Trucking: The 2009 Roadeo
August 22, 2009
Top U.S. Truck Drivers Showcased in Competition | www.google.com
The 72nd edition of the National Truck Driving Championships was held recently at the David L. Lawrence Convention Center in Pittsburgh. The four-day "roadeo" featured 415 contestants from all 50 states in all nine classes of trucks--ranging from three-axle to flatbed to tank truck. Besides the hands-on driving, there's also a written test covering a 300-page manual about truck safety regulations.
China Auto Trend 4: Investment in New Energy Vehicles & Related Infrastructure
August 22, 2009
Electric Cars: China's Power Play | www.time.com
The fourth of the Eight Overarching China Automotive Trends That Are Revolutionizing the Auto Industry was highlighted by this author in the article China's Next Revolution: Transforming the Global Automotive Industry (published on GLG News June 18, 2009). Several macroeconomic and sociopolitical challenges are directly linked with the automotive industry: the redistribution of global economic power, energy dependence, global trade balance and environmental concerns.
GM Adjusts Production Reflecting Increased Demand
August 20, 2009
GM to Raise Vehicle Production | online.wsj.com
GM is increasing its production of certain vehicles and returning approximately 1500 people to work.
Ford Pioneers Smart Grid - PHEV Communication System
August 20, 2009
Ford announces electric vehicle-to-grid communications system | green.autoblog.com
Ford, in conjunction with a range of utility partners, is moving forward with a next generation smart charging system that will communicate with both the driver and the power grid.
What Happens In a YRC Liquidation?
August 18, 2009
YRC Worldwide Shutdown Would Raise Freight Prices, Survey Says | kansascity.bizjournals.com
If financially ailing LTL giant YRC Worldwide shuts down, that would mean a freight rate increase of as much as 5 percent by rival carriers. That's according to a survey of shippers by Wolfe Research LLC, the research company run by respected former Bear Stearns trucking analyst Ed Wolfe. The survey showed that LTL carriers could raise rates by 2.5 percent in the month after any YRC shutdown, and by 4.9 percent in the year following a YRC failure.
Once Again, New England Motor Freight Leads the Way
August 15, 2009
New England Motor Freight and Manitoulin Transport Form Partnership | www.logisticsmgmt.com
New England Motor Freight (NEMF), the leading Northeast regional LTL carrier, is forming a partnership with a top Canadian trucking company to enhance its expedited transportation and logistics services to Canada. NEMF picked Manitoulin Transport, a top Canadian carrier, as its partner. The move is latest example of once-regional LTL carriers expanding their footprint to enter into longer-haul lanes as the national, Teamster-covered, long-haul carriers continue to lose market share.
China Auto Trend 3: Acquisition of Foreign Assets & Key Development Competencies
August 15, 2009
Geely's Volvo bid not 'worth it' | www.chinadaily.com.cn
The forces shaping the third of the Eight Overarching China Automotive Trends That Are Revolutionizing the Auto Industry were addressed in my article entitled "The Path to Globalization of China's Automotive Industry" (GLG News May 18, 2009). The principal focus of this piece was to explain the challenges faced by Chinese Original Equipment Manufacturers (OEMs) when trying to accelerate development through "inorganic" acquisition of the assets of foreign manufacturers.
We're Going to Do This Until We Get It Right at this YRC Worldwide Unit
August 14, 2009
New Penn Teamsters Reject Deal | www.ldnews.com
Some 2,000 Teamsters at New Penn, YRC Worldwide's Northeast Regional LTL carrier, have rejected a proposed 5 percent wage cut and pension freeze. Management has said these cost-cutting moves are necessary to keep struggling YRC Worldwide operating. The cost-cutting measures were approved by 58.5 percent of the overall Teamsters voting at all of YRC's subsidiaries. But they were rejected "overwhelmingly" by the New Penn unit, a Teamsters official said.
Apple brings textbooks to iPad -- Finally
January 20, 2012
PayPal loses a key player in mobile device payments to Yahoo
January 10, 2012
More details and insights about the planned Sears Holdings store closings
January 4, 2012
Three things you should know about Sears store closings
December 29, 2011
Thoughts on GM Volt's recent "rapid thermal expansion" incident
December 6, 2011