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

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.

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.

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.

Jay ThompsonPresident and General ManagerTransportation Business Associates

Stevens Transport Orders New Paccar KW Model - Plus A Pick-Up For Cummins SCR

June 25, 2010

Analysis of:Stevens Transport orders 500 Kenworth T700s | www.ccjdigital.com

Paccar, Inc. gets a significant commitment for their new Kenworth T-700 aerodynamic from Stevens Transport of Dallas. Stevens ordered 500 trucks, and stuck to their 15-Liter engine approach replacing Caterpillar, Inc. C-15 with Cummins, Inc. ISX at 400 horsepower. While it’s not a huge order per some peoples’ metrics, it’s a big one in the premium truck and refrigerated sectors - and one to follow.

Jay ThompsonPresident and General ManagerTransportation Business Associates

Arrow Asset Auctions - The Stuff Is Now Gone, So Now It’s About Courts & Numbers

June 17, 2010

Analysis of:Second day of Arrow Trucking auction brings higher bids | www.tulsaworld.com

The Arrow Trucking shutdown and ultimate bankruptcy has been written about before and offers many lessons. The auctions of this past week pretty much closes out the hard asset issues and is a reminder of what balance sheets turn into in liquidation. If nothing else, some people thought they got some deals.

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