GLG News by Heavy Duty Truck Components Manufacturing Experts

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.

Jay ThompsonPresident and General ManagerTransportation Business Associates

American Trucking Association Freight Tonnage Index Signals A Slowdown?

July 27, 2010

Analysis of:ATA Truck Tonnage Index Fell 1.4 Percent in June | www.prnewswire.com

The American Trucking Association (ATA) seasonally adjusted truck freight tonnage index shows a negative trend for the last two consecutive months (May and June). It’s not viewed as a positive for freight planners - and the rest of us.

Jay ThompsonPresident and General ManagerTransportation Business Associates

Better Trucking Productivity + Few New Trucks Added = Improved Profits, But…

July 26, 2010

The second quarter is coming in as some had expected => softening US economic activity. With inventories somewhat filled back up and the trucks running today still being able to pick up the marginally increasing demand, expect to see trucking profitability to stay relatively good and new truck sales to moderate. Used trucks continue to sell well for several reasons.

Jay ThompsonPresident and General ManagerTransportation Business Associates

Better Trucking Productivity + Few New Trucks Added = Improved Profits, But…

July 26, 2010

The second quarter is coming in as some had expected => softening economic activity. With inventories somewhat filled back up and the trucks running today still being able to pick up the marginally increasing freight demand, expect to see trucking profitability to stay relatively good and new truck sales to moderate. Used trucks continue to sell well for several reasons.

Jack LiftonCo-founder and DirectorTechnology Metals Research, LLC

Ultimately, EVs, and No Lithium , Please, says Honda

July 21, 2010

Analysis of:Honda Discovers Cars With Cords | www.wired.com

Honda, the world's largest manufacturer of internal combustion engines, and the first to market a hybrid powertrain equipped personal passenger car, has now committed to entering the rather confused electrified vehicle market place with a range of powertrains to supercede the one, a nickel metal hydride battery using gasoline/electric hybrid that it has been marketing since 1997.Siimultaneously Honda announces that it remains committed to a fuel-cell based powertrain as the ultimate goal.

Jay ThompsonPresident and General ManagerTransportation Business Associates

Expect Truckers Profit’s To Look Good For 2010 - JB Hunt Offers Insight Why

July 19, 2010

Analysis of:J. B. Hunt's Earnings Jump on Increased Demand | www.truckinginfo.com

JB Hunt Transport Services profit jump for the second quarter 2010 is great news after the now several year trough we have been running in. As written here before, I am a fan of JB Hunt for a variety of reasons, but a quick look at their numbers shows us what is going on in the different segments. History tells us to put it all in perspective - and always be cautious with what we are seeing - AND utilization is where the real $$$ is!

Jay ThompsonPresident and General ManagerTransportation Business Associates

Flying J & Pilot Truck Stops Cleaning Up Loose Ends - Creates Mega-Player

July 12, 2010

Analysis of:Pilot, Flying J complete merger | www.ccjdigital.com

The lining up of business models of Pilot Corporation and Flying J is nearing completion, so we can take a snapshot of the new model moving ahead. It’s smart for Pilot to keep Flying J as a brand for the huge “renegade” smaller fleet / owner-operator market, then try to win them over. There are numerous other positives, but truckers are still wondering about fuel pricing.

Jay ThompsonPresident and General ManagerTransportation Business Associates

Problems Continue With YRCW Profit Model - Especially Compared To Competition

July 7, 2010

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

Excess capacity in Less-Than-Truckload (LTL) sector continues to be troublesome - more so than with truckload (TL). The basic profit a model within LTL also presents problems for some, as does utilization and the sales-revenue picture. Our colleague John Schultz has well-outlined the Teamster cost issues at YRC Worldwide, so we’ll summarize those with other issues to keep in mind.

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.

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