GLG News by Heavy Duty Truck Experts: Consultants and Industry Specialists

Jay ThompsonPresident and General ManagerTransportation Business Associates

Truck / Trailer “Requests For Financing” Offers Insights Into Higher Order Rates

December 9, 2010

Analysis of:Strong Class 8 orders bode well for trucking overall | fleetowner.com

The referenced article by Sean Kilcarr in Fleet Owner from earlier this week gives a good overview about the current increase in truck orders from the seasonal standpoint. We wrote a couple weeks ago (link) about financiers temporarily relaxing qualification standards to refill their portfolios with good credits - in order to help make their numbers look better. Here are some other issues to think about.

Jay ThompsonPresident and General ManagerTransportation Business Associates

SWFT IPO Terms Released - With Even Better Potential Today Than Before

December 1, 2010

Analysis of:Swift Announces $942.6 Million IPO | www.truckinginfo.com

Swift Transportation’s IPO registration announced in July had the terms released yesterday. The 67.3MM shares at the expected $13-$15 will result in a $943MM raise - and a market value of $1.8B. Current revenue is estimated to be almost $2.2B with its 12,000+ company-owned trucks and almost 4,000 independent contractors. This looks good in spite of the reported loss last year…

Jay ThompsonPresident and General ManagerTransportation Business Associates

Why Are New Trucks Sales Up? A Big Reason Is…

November 21, 2010

Financing availability is the key to ultimately swinging demand - and some think we are seeing a “clean-up the portfolio” bubble for better credits on the part of financiers. We agree and offer the following.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Downsizing of YRC Worldwide Continues: Details of 41 More Terminals to Close

November 17, 2010

Analysis of:YRC Worldwide will close 40 terminals because of low freight volume | www.bizjournals.com

YRC Worldwide, reacting to a slump in its overall freight demand, will close about 40 trucking terminals, or about 12 percent of its overall network. This reduction will continue to "right-size" YRC, according to its CFO, Sheila Taylor. Outgoing Chairman and CEO Bill Zollars says there should be no more terminal closings at YRC for awhile, as its capacity and freight demand are in "pretty good balance now."

Jay ThompsonPresident and General ManagerTransportation Business Associates

JBS Transportation EOBR Order Is An Indicator Of Several Issues

November 9, 2010

Analysis of:FMCSA Orders JBS Carriers to Install Electronic On-Board Recorders on its Entire Fleet of Commercial Trucks for Violating Hours-of-Service and Other Federal Safety Regulations | www.fmcsa.dot.gov

The U.S. Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) ruling that JBS Transportation of Greeley, Colorado must install Electronic On-Board Recorders (EOBR’s) is one of the first with a larger carrier. It offers insight into some of the issues that need to be addressed in the supply chain.

Jay ThompsonPresident and General ManagerTransportation Business Associates

Mexico Cross-Border Trucking - A Mexican Border Perspective

November 7, 2010

Analysis of:Mexican Officials Want U.S. Action on the Cross-border Trucking Dispute | www.truckinginfo.com

The Journal of Commerce recently quoted Luis Paz Vega who is in leadership of the North American Free Trade Agreement (NAFTA) office at the DC Mexican embassy - that redoing the Mexican Truck in the US “demonstration program” won’t work. They instead want us to adhere to NAFTA and open the border up. Here’s some thoughts...

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Another Quarter, Another Quarterly Loss For YRC Worldwide

November 5, 2010

Analysis of:YRC Worldwide Achieved Significant Progress on Comprehensive Recovery Plan | finance.yahoo.com

YRC Worldwide reported a third-quarter net loss of $62 million on $1.14 billion revenue, compared with a $159 million loss on $1.2 billion revenue in the year-ago quarter. Bill Zollars, YRC's chairman, CEO and president who is leaving the company at the end of the year, said the $62 million loss meant the financially troubled LTL trucker had "achieved significant progress" despite losses in excess of $2.2 billion the last two and a-half years.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

YRC Worldwide Gets More Life--Teamsters Accept More Concessions on Pay, Pensions

November 1, 2010

Analysis of:Teamsters Accept More Concessions at YRC Worldwide | www.kansascity.com

Rank-and-file Teamsters at YRC Worldwide units have accepted another round of wage and pension concessions aimed at keeping the struggling LTL carrier alive. In addition to a 15 percent wage concession through 2015, the YRC workers will continue a freeze on their pensions until mid-2011, and then get only 25 percent of previously agreed to pension contributions. The scheme is estimated to save YRC as much as $350 million annually.

John OltesvigPresidentOEM SERVCO

Defence Industry Unwinding

October 28, 2010

Analysis of:Why The Defense Industry May Never Bounce Back | blogs.forbes.com

One change in American industry may be the cyclical unwinding of the traditional industrial-military defense business. This trend could be felt not only in companies dedicated to the defense industry but also by non-defense companies who owe their very survival through the Great Recession by their diversification into the military realm.

Jay ThompsonPresident and General ManagerTransportation Business Associates

Technical Thoughts About SCR v. EGR - From A “Field Engineering” Perspective

October 24, 2010

Selective Catalyst Reduction (SCR) and Exhaust Gas Recirculation (EGR) issues are both hot these days where buyers are now voting with their purchase decisions. Truckers have to become more technically proficient - and fleet / field engineers are dealing daily with this new stuff. OEM’s have their sales pitches, but users are discussing it their own way. Investors and financiers benefit from the current dialogue, as we all are betting on the future.

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