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Business: Page 784
Business
Delphi’s Moretti to speak at ADS convention
Lúcia Veiga Moretti, senior vice president of Delphi and president of Delphi Product & Service Solutions, will speak at this year’s ADS Convention in Lake Buena Vista, Fla. Moretti will deliver the convention’s keynote address, “Driving Growth Now and Into the Future,” on Aug. 1 and will draw upon her extensive background and experience to […]
July 27, 2012
Business
Universal Truckload to acquire LINC for $335M, posts higher 2Q profit
Universal Truckload Services on Thursday, July 26, announced that it will acquire LINC Logistics Co. in a stock-for-stock transaction valued at about $335 million, including the assumption of debt. Universal also announced financial results for the 13 weeks and 26 weeks ended June 30. LINC, an asset-light provider of custom-developed third-party logistics solutions, primarily provides […]
July 26, 2012
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Business
Landstar reports record 2Q revenue
Landstar System on Thursday, July 26, reported 2012 second-quarter net income of $35.9 million compared to net income of $29.6 million for the 2011 second quarter. Operating margin was 50.4 percent compared to 43.6 percent, and revenue was a second-quarter record of $736.0 million compared to $675.6 million. Truck transportation revenue hauled by the company’s […]
July 26, 2012
Business
P.A.M. ‘very pleased’ with 2Q earnings growth
P.A.M. Transportation Services Inc. on Thursday, July 26, reported net income of $934,791 for the quarter ended June 30 and net income of $1.6 million for the six-month period, compared to net income of $692,763 and net loss of $1.28 million for the three and six months ended June 30, 2011. Operating revenues, including revenue […]
July 26, 2012
Business
Pacer announces lower 2Q net income
Pacer International Inc. an asset-light North American freight transportation and logistics services provider, said Thursday, July 26, that total intermodal revenue for the three-month period ended June 30 improved $2.9 million or 1.0 percent. Excluding the impact in volume from an ocean carrier customer of $22.9 million in the second quarter of 2011, intermodal revenues […]
July 26, 2012
Business
Echo Global acquires Shipper Direct assets; posts higher 2Q income, revenue
Echo Global Logistics Inc. on Thursday, July 26, announced that it has acquired substantially all of the assets of Shipper Direct Logistics Inc., a nonasset-based truckload transportation brokerage located in Nashville, Tenn. Echo also reported financial results for the second quarter ended June 30. “The Shipper Direct organization possesses a track record of servicing mid-sized […]
July 26, 2012
Business
NHTSA seeks comments on Vehicle Lighting Performance Technical Report
NHTSA has requested comments on the general approaches and specific technical merits presented in a technical report that evaluates new approaches for the regulation of motor vehicle lighting performance. The report, “Feasibility of New Approaches for the Regulation of Motor Vehicle Lighting Performance,” identifies several potential opportunities for performance requirements in the following areas: headlighting […]
July 26, 2012
Business
Eyefortransport recognizes Exel as Best North American 3PL
Exel, a provider of supply chain management and a Deutsche Post DHL company, earned the 2012 North American Best 3PL award for pharmaceutical, life sciences and healthcare supply chain during eyefortransport’s annual 3PL Summit in Atlanta. Eyefortransport also recognized Exel as a finalist in five other categories, including automotive supply chains; chemical, hazmat, oil and […]
July 26, 2012
Business
Gunite to consolidate North American operations
Accuride Corp. has announced its Gunite business unit is consolidating North American production into its facility in Rockford, Ill., where the unit is based. Consequently, Gunite will phase out its machining operations at Brillion Iron Works in Brillion, Wis., and close its plant in Elkhart, Ind., by the first quarter of 2013. This consolidation is […]
July 26, 2012
Business
Yokohama launches truck tire iPad app
Yokohama Tire Corp. has launched an iPad app for the trucking tire industry. The Yokohama Commercial Tire Navigator is now available for free on iTunes at http://itunes.apple.com/app/yokohama-commercial-tire-navigator/id542098953?mt=8. Based on YTC’s iPad app launched in 2011 – the Yokohama Tire Explorer – the commercial version features product information in an interactive format, 360-degree tire photography, Yokohama’s […]
July 26, 2012
Business
Progressive Insurance expands commercial auto package
Progressive Insurance announced it has expanded its commercial auto product to better meet the insurance needs of businesses. Its latest commercial package brings more coverage options and introduces a customer loyalty program. “Through customer research and feedback from our agents, we pinpointed what businesses needed most from their insurance company,” said Mike Miller, commercial auto […]
July 26, 2012
Business
Esco rolls out truck tire bead breaker
Esco’s Model 20425 pneumatic truck tire bead breaker is designed to eliminate the need to lift and turn the truck tire/wheel assembly over to break the second bead; simply roll the tire/wheel assembly into the bead breaker to break both beads at the same time in seconds. Model 20425 is powered by standard shop or […]
July 26, 2012
Business
Sloan formulates environmentally friendly heavy-duty cleaners
Sloan Transportation Products’ MaxxGreen line of environmentally friendly heavy-duty cleaning products includes MaxxClean super-concentrate all-purpose cleaner and MaxxAbsorb floor cleaner and general absorbent. MaxxClean, formulated in partnership with the U.S. Environmental Protection Agency, is made to power off stubborn soils and greases from any surface not harmed by water; it is available as a super-concentrate […]
July 26, 2012
Business
Monthly tonnage index up 1.2% in June, year-over-year up 3.2%
The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.2 percent in June after falling 1.0 percent in May. June’s increase was the largest month-to-month gain in 2012, but the index contracted a total of 2.1 percent in April and May. The latest gain increased the adjusted index to 119.0, up from […]
July 25, 2012
Business
Canadian shipping costs down slightly in May
The Canadian General Freight Index released Wednesday, July 25 indicates that the cost of ground transportation for Canadian shippers decreased 0.29 percent in May when compared with April results. The Base Rate Index, which excludes the impact of accessorial charges assessed by carriers, decreased by 0.3 percent when compared to April. Average fuel surcharges assessed […]
July 25, 2012
Business
Equipment Leasing and Finance Index up in June
The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, which reports economic activity for the $628 billion equipment finance sector, showed overall new business volume for June was $8 billion, up 9.5 percent from volume of $7.3 billion in the same period in 2011. Volume was up 29 percent from the previous month. […]
July 25, 2012
Business
Knight posts company-best 2Q net income
Knight Transportation on Wednesday, July 25, said total revenue for the second quarter ended June 30 increased 3.4 percent to $236.3 million from $228.5 million in the second quarter of 2011. Revenue before fuel surcharge increased 3.6 percent to $188.8 million compared to $182.4. Net income increased to $19.3 million – a second-quarter company record […]
July 25, 2012
Business
Covenant’s 2Q marks ‘best financial performance in several years’
Covenant Transportation Group on Wednesday, July 25, announced freight revenue for the second quarter ended June 30 of $134.2 million, an increase of 0.4 percent compared with the second quarter of 2011. Operating income was $11.1 million compared with $7.2 million, and net income was $4.3 million compared with $1.7 million. The company’s operating ratio […]
July 25, 2012
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