GLG News by Intermodal Railcar Experts

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."

Toby KolstadPresidentRail Theory Forecasts

Greenbrier’s problems are common to all car builders, but…

November 11, 2010

Analysis of:Greenbrier Q4 loss wider than expected; sees loss in Q1 | www.reuters.com

Greenbrier’s projection that it did not see a turnaround in its near term future and that output and profits might not rebound until the second half of 2011 might be a common theme among all railcar builders. However, Greenbrier’s practice of backlogging “nonbinding” orders often distorts the outlook for the company and the “cancellation” of these orders can produce unnecessary surprises.

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.

Toby KolstadPresidentRail Theory Forecasts

Uncertainty is the problem for truckers and railroad intermodal managers

November 1, 2010

Analysis of:Has intermodal container business truly turned the corner? | www.progressiverailroading.com

The weekly intermodal traffic reports from the American Association of Railroads continue to encourage rail executives that the economy will continue to rebound and that traffic will continue to grow in the future, but no one knows for sure. Unfortunately, industry statistics are not available for the commodities moving by truck and railroad intermodal shipments, and gross traffic numbers leave everyone guessing as to what is behind the growth in traffic.

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.

Toby KolstadPresidentRail Theory Forecasts

Railcar builders are looking to better times

October 29, 2010

Analysis of:Freight car orders, backlog up sharply | www.railwayage.com

The RSI announced the third quarter results for the railcar builders and there were improvements in all categories. Orders totaled over 9,100 units and deliveries continued to increase from 2,946 in the second quarter to 3,706 in the third. Moreover, the backlog of unfilled orders increased from 14,930 to 19,267. If the trends continue, and there is no reason to believe they will not, industry output will almost double in 2011.

Toby KolstadPresidentRail Theory Forecasts

Railroads are placing big bet on capturing domestic truck traffic

October 15, 2010

Analysis of:UPDATE 2-Greenbrier gets more railcar orders, shares jump | www.reuters.com

Greenbrier Corp. recently announced a number of sales and leases for intermodal container cars totaling around 5,000 wells. All of this equipment is for domestic container (53’ length) service, a traffic segment that saw some highway traffic defections to the railways during the recession. The railroads are betting that their new customers will not only stay with them but that more will follow as the economy improves and as the new eastern doublestack corridors improved railroad service levels.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Anger and Angst Drive Another Challenge to Hoffa

October 12, 2010

Analysis of:Second Teamsters Candidate to Challenge Hoffa | www.nytimes.com

Sandy Pope, a former truck driver and president of a large Teamsters Local in Long Island City, N.Y., is officially challenging incumbent Teamsters president James. P. "Jim" Hoffa in next year's election at the 1.4 million-member union. An admitted longshot, Ms. Pope is the second official challenger to Hoffa. Earlier, Fred Gegare, a Teamsters leader from Green Bay, Wis., announced he was challenging the two-term incumbent of the Teamsters.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

Biggest Myth in Trucking -- The General Rate Increase Means Something

September 30, 2010

Analysis of:FedEx Freight to Raise LTL Rates 6.9 Percent | www.joc.com

FedEx Freight and ABF Freight System are first out of the box with announcements of their general rate increases for 2001--6.9 percent for FEF and 5.9 percent for ABF. Troubled LTL giant YRC Worldwide says it is raising rates by 5.9 percent as well. But hardly any large shipper will be affected by these rate increases, which apply only to non-contract rates and often are discounted away in negotiations with truckers' large national accounts.

John SchulzIndependent Analyst - Contributing EditorLogistics Management Magazine

End of an Era for YRC Worldwide--Zollars Leaving as Chairman, CEO

September 29, 2010

Analysis of:Zollars to Retire from YRC Worldwide Following Completion of Comprehensive Recovery Plan -- OVERLAND PARK, Kan., Sept. 28 /PRNewswire-FirstCall/ -- | www.prnewswire.com

Financially ailing trucking giant YRC Worldwide, which has lost more money than any trucking company in U.S. history, is getting a change at the top. Chairman and CEO William D. "Bill" Zollars says he is leaving the company after 13 tumultuous years at the helm. His contract was due to expire at the end of this year. The company says it would seek a successor from both internal and external candidates.

Previous Page : 12345678910Next31 to 40 of 761