GLG News by Truck Leasing Experts in GLG Member Programs

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Problems Continue With YRCW Profit Model - Especially Compared To Competition

July 7, 2010

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.

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

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

June 25, 2010

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 Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

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

June 17, 2010

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.

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Economic, Freight & Truck Sales Uncertainties

June 14, 2010

Economic Indicators Mixed On Continued Uncertainty | www.truckinginfo.com

We all know consumer spending drives freight demand, which affects new truck sales. Auto sales and home building accelerate the swings in the logistics world. Financing affects each of these issues, but all have something in common still today and as we look into the future - uncertainty!

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Transport Outlook: Flat Growth Due To Slowing Freight Levels & More Regulations

June 3, 2010

Top Transport Concerns: Sluggish Economy, Unwise Legislation | www.worldtrademag.com

There have been numerous rosy pictures being painted about the US economy and the trucking rebounding robustly. We are realists - and also somewhat contrarians as compared to others. While things are definitely off the bottom, we fail to see from our ground level vantage point what will power the freight sector growth ahead. The referenced article gets it right when truckers’ planners assess the freight market and the regulatory environment.

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Walmart Asking Their Suppliers For Shipping & Backhaul Opportunity - It's Smart!

May 23, 2010

Wal-Mart Asks Suppliers to Cede Control of Deliveries | www.bloomberg.com

The buzz in the logistics circles around Walmart is what the decision to take on inbound freight with their own trucks means. While there are thousands of analyses about every aspect of Walmart business by almost everyone from academia to consultants plus those doing the work, we offer the following from ground level regarding just a couple of the aspects of it.

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

IdleAire - Is 3rd Time Charm Or 3-Strikes You're Out? Idle Options….

May 18, 2010

IdleAire to Reopen at 23 Locations | www.ttnews.com

The changing issues within trucking plus on-the-road experience with idle reduction systems are leading many users to look at newer, simpler and more integrated offerings. With the increasing number of idle restrictions being implemented, the on-board solutions are coming on fast. We offer the following update from our perspective.

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

JB Hunt Big Navistar Prostar Order Not A Big Surprise

May 14, 2010

Navistar to Supply 5,000 ProStar+ to J.B. Hunt | www.truckinginfo.com

JB Hunt Transport Services announced their 5-year commitment to buy 5,000 Navistar Prostar+ trucks with the 13-Liter MaxxForce engine. This is great news for Navistar and a vote of confidence for Navistar’s Exhaust Gas Recirculation engine approach, but not unexpected when one thinks through each of their histories.Truck buyers look at a mix of brand / dealer relationships, how products performed, at fairness in the deal and then the deal ($$)! It’s similar to most car buyers process....

Jay Thompson, President and General Manager

Jay ThompsonPresident and General ManagerTransportation Business Associates 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Trailer Sales To Be Fed By Major Fleets Planning For CA “SmartWay-type” Mandate

May 7, 2010

Wabash Widens Net Loss in First Quarter | www.truckinginfo.com

Operational and equipment-related regulations have historically had separate implementation processes. Operational ones like with compliance (hours-of-service, CSA 2010, recorders, etc.) or even State / local rules (idling, parking, etc.) take place on set dates for everyone. Equipment regulations are generally implemented more through normal “wear-out” of the equipment. When we mandate equipment issues, it causes all kinds of behavior out of the norm. We expect to see such with trailers now.

John SalomoneManaging DirectorStructured Finance International, LLC 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Goldman Should Call and Raise

May 3, 2010

Goldman Sachs: The $64,000 Question | seekingalpha.com

Right is right and the words in a private placement disclaimer have meaning.The federal government cannot ignore its own rules, cannot change their rules during the game and must be humiliated into learning, listening and reading before they again try to use their big sticks against people and companies based on their limited view of public sentiment.

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