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UPS Posts 27-Cent Quarterly Loss on Pension Adjustment

Read more at: http://www.ttnews.com/articles/base...utm_medium=newsletter&utm_campaign=newsletter

"Revenue grew at the Supply Chain & Freight division that includes less-than-truckoad carrier UPS Freight, but Chief Financial Officer Richard Peretz said adjusted profits decreased because both parts of the division, freight forwarding and LTL, are facing shippers’ markets as both industries currently have a surplus of freight-handling capacity.

On an annual basis UPS remained profitable despite the pension charge, earning $3.43 billion, or $3.87 a share, down from $4.84 billion, or $5.35."
 
FedEx Pushes for Infrastructure Fix as Trump Weighs Investment

Read more at: http://www.ttnews.com/articles/base...utm_medium=newsletter&utm_campaign=newsletter

"Together with Smith, executives from Cargill Inc., BMW of North America, Vermeer Corp. and the AFL-CIO are also scheduled to testify at the hearing on infrastructure needs. Smith, in his prepared testimony, said FedEx and other transport providers need an improved air-traffic control system, updated sea and air ports and well-maintained roadways.

“FedEx and other transportation and logistics companies cannot continue to help grow the U.S. economy and increase jobs without improved infrastructure and wise policy decisions from Washington,’’ Smith said."
 
Freightliner begins production on new Cascadia

http://fleetowner.com/equipment/fre...m=email&elq2=90847e94d7ea43968f1d5f7396684cd4

cascadia2018models.jpg
 
Saia, Old Dominion Miss Analyst Forecasts for Fourth Quarter

Read more at: http://www.ttnews.com/articles/base...utm_medium=newsletter&utm_campaign=newsletter

"Fourth-quarter net income at Saia dropped 9.1% to $10.3 million, or 40 cents per share, falling short of the average forecast of $11.5 million, or 42 cents, according to a Bloomberg News survey. In the year prior, the company earned $11.4 million or 45 cents.

A day earlier, Old Dominion Freight Line reported income of $68.5 million, or 83 cents, down 5.1% year-over-year and 2 cents less than the forecasts."
 
Trump’s regulatory policies likely the end for speed limiter mandate

http://www.ccjdigital.com/trumps-re...rnal&ust_id=124f9551466b2c5785e539d1cda3c973#

"One of Trump’s first actions as president was the issuance of a memorandum to all federal agencies barring them from enacting any new regulations. The speed limiter mandate, issued as a proposed rule in September, had already drawn widespread criticism from the trucking industry, even from the groups that asked the agency to develop the rule initially, such as the American Trucking Associations."
 
SwampRatt said:
Trump’s regulatory policies likely the end for speed limiter mandate

http://www.ccjdigital.com/trumps-regulatory-freeze-likely-the-end-for-speed-limiter-mandate/?utm_source=daily&utm_medium=email&utm_content=02-03-2017&utm_campaign=Commercial Carrier Journal&ust_id=124f9551466b2c5785e539d1cda3c973#

"One of Trump’s first actions as president was the issuance of a memorandum to all federal agencies barring them from enacting any new regulations. The speed limiter mandate, issued as a proposed rule in September, had already drawn widespread criticism from the trucking industry, even from the groups that asked the agency to develop the rule initially, such as the American Trucking Associations."
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Darn it Trump I was hoping for that rule so we could get our trucks turned up to 65 from 61.97 . Oh well life is good everybody stay safe
 
The Point said:
Going to push for the 33's again today. http://www.thetrucker.com/News/Story/FedExCEOexpectedtobringuptwin33issueintestimonybeforeHousepanel
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Expanding on this topic....

http://www.thetrucker.com/News/Stor...rtationpanelchairBillShustertoconsidertwin33s

"Americans for Modern Transportation, a coalition of some of the nation’s largest shippers, deliverers and retailers, is firing back at critics of efforts to allow 33-foot trailers on the nation’s highways. The coalition includes the nation’s most vocal proponents of 33-foot trailers — FedEx and UPS."

“Fully utilized on the national highway network, twin 33s in particular can reduce carbon emissions by 4.4 billion pounds, save 204 million gallons of fuel, and eliminate 912 crashes over the course of a year — all without compromising the condition or safety of our nation’s highways,” the letter said."
 
Fedex is investing in autonomous trucks, and is interested in delivery robots and an Alexa app

http://www.nextbigfuture.com/2017/02/fedex-is-s-investing-in-autonomous.html

"Rob Carter, FedEx’s chief information officer, says the shipping giant is considering small vehicles that could drive around neighborhoods and make deliveries without human drivers.

Carter is responsible for setting the technology agenda across FedEx’s various operating companies..."

"Carter says FedEx is also “very much interested in” completely autonomous trucking and has partnered with several automakers that specialize in that technology, including Daimler and its Freightliner truck division and Volvo."
 
YRC Worldwide Loses $7.8 Million in Fourth Quarter

Read more at: http://www.ttnews.com/articles/base...utm_medium=newsletter&utm_campaign=newsletter

"The loss was 23 cents per share, better than the 73-cent loss in the year prior but below the forecast of a 12-cent loss, according to a Bloomberg News survey of analysts.

The news was better on a full-year basis in 2016 as YRC earned $21.5 million in net income, or 65 cents, versus only $700,000, or 2 cents, in 2015."
 
Talent matters, especially in trucking. But it’ll stay hard to find and keep.

http://fleetowner.com/blog/talent-m...m=email&elq2=d1d311bd24734eb69b76bccca2363fb8

"First, while being able to offer excellent compensation and benefit packages often got cited as “important recruiting tactics,” being able to attract new employees with an “amazing corporate culture” or a “company’s unique industry position” ranked as the “next-most” important strategies, according to the firm’s poll.

An environment that is creative, inspiring and fun (63.4%); being industry-leading and innovative (54.8%); and having the chance to work on interesting projects (51.6%) were cited most often as contributing to an exceptional corporate culture, Harris Allied said.

[Think this kind of stuff is too over the top for trucking? Remember, you’ll be recruiting mainly Millennials and Generation Z workers from here on out – and they respond to such incentives.]"


 
FedEx just launched a new service that takes on Amazon's super popular fulfillment program

http://finance.yahoo.com/news/fedex...wMwBHJlZ2lvbgNVUwRzeW1ib2wDRkRY?.tsrc=applewf


"FedEx is making an aggressive play to grab some of Amazon's most valuable customers, as competition between the two longtime partners heats up."

"FedEx Fulfillment, which the shipping giant launched on Tuesday, is an effort by FedEx to cater to the small and medium sized companies whose businesses increasingly rely on online sales."

"The new FedEx service will handle the entire order fulfillment process: A company can send its products to FedEx and FedEx will handle everything from warehousing the products, packaging, delivering and even taking return orders."
 
Redracer3136 said:
FedEx just launched a new service that takes on Amazon's super popular fulfillment program

http://finance.yahoo.com/news/fedex...wMwBHJlZ2lvbgNVUwRzeW1ib2wDRkRY?.tsrc=applewf


"FedEx is making an aggressive play to grab some of Amazon's most valuable customers, as competition between the two longtime partners heats up."

"FedEx Fulfillment, which the shipping giant launched on Tuesday, is an effort by FedEx to cater to the small and medium sized companies whose businesses increasingly rely on online sales."

"The new FedEx service will handle the entire order fulfillment process: A company can send its products to FedEx and FedEx will handle everything from warehousing the products, packaging, delivering and even taking return orders."
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WOW! Certainly a bold move. Kind of a big deal. Or is it a bit of leverage?

We know that Amazon can't really compete with FedEx on efficient delivery. But can FedEx really compete with Amazon on fulfillment? Interesting, to say the least. :popcorn:

I wasn't fully aware of what exactly the complete fulfillment process entailed, so I looked at the Amazon model. Pretty extensive and all inclusive.

https://services.amazon.com/fulfillment-by-amazon/how-it-works.htm

Again, BOLD move by FedEx!
 
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