FedEx Freight | Some Trucking Companies also had a BIG bounce

[imported_River17]

Stocks Close Higher, Helped by Roubini, Tech


FedEx Sees ‘Flat’ Shipments in Fiscal 2010
FedEx Corp. predicted that shipping volumes will remain “relatively flat” in the fiscal year started last month amid “continued softness in demand,” Bloomberg reported.
Chief Financial Officer Alan Graf said last month that the economy was so volatile that FedEx couldn’t give a full-year earnings forecast, Bloomberg said.
FedEx Sees ‘Flat’ Shipments in Fiscal 2010 | Transport Topics Online | Trucking, Freight Transportation and Logistics News

DOT Doubles Weekly Stimulus Payout
Disbursements jump $160 million in latest week as transport bills roll in
Stimulus payouts by the Department of Transportation, for bills on construction projects around the country, jumped by $160 million in the week ending July 10, or nearly twice the amount it spent the previous week.
Much of that money is being spent by state governments for highway and bridge repairs on interstates and other roads, but states are also spending it on freight and passenger rail projects, some inland barging facilities, seaports and airport projects.
The administration has been under fire, in the five months since President Obama signed the $787 billion Recovery Act into law, for not pushing the stimulus money faster through the sunken economy. However, the bill was designed to spend most funds over two years. A fast injection into existing benefit programs including Social Security was planned, but other features, from payroll tax cuts to state project spending, were supposed to take longer to pay out.
DOT Doubles Weekly Stimulus Payout | Journal of Commerce

FreightWatch: Cargo theft rises
While thefts rates vary between commodity groups and industries, across the board the average loss per cargo theft incident is sharply on the rise, according to global logistics security provider FreightWatch International's Bi-Annual Cargo Theft Report.
FreightWatch recorded 74 cargo theft incidents in June, well beyond the average of 48 to 50 thefts per month recorded throughout 2008 and 2009. Cell phones, in particular, are being stolen at a rate 50 percent higher than in 2008, while average loss per incident has risen from $1.1 million in 2008 to $2.1 million in 2009.
FreightWatch: Cargo theft rises - eTrucker

Poll Finds Americans Sympathetic to Weight Limit Increase -- IF it Helps Economy, Safety
The majority of Americans favor raising truck weight limits, according to a survey by the Coalition for Transportation Productivity - if such an increase would contribute to improvements in safety, fuel economy and congestion.
The survey found that more than half of Americans surveyed support allowing trucks with proper safeguards to carry more weight on U.S. interstates as a way to make roads safer, reduce environmental impact and strengthen the economy.
Using live operator telephone calls, pollster Wilson Research Strategies surveyed 1,000 American adults from June 16-22, 2009. The sample was stratified to be demographically and geographically representative of the national adult population.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


DOW...8711.82...+95.61...+1.11%

NASDAQ...1885.03...+22.13...+1.19%

S&P 500...940.74...+8.06...+0.86%


FDX...61.79...+4.43...+7.72%
UPS...52.93...+2.40...+4.75%
CNW...34.76...+1.28...+3.82%
KNX...16.68...+0.52...+3.22%
HTLD...14.98...+0.43...+2.96%
JBHT...27.44...+0.72...+2.69%
ABFS...26.67...+0.39...+1.48%
VTNC...10.20...+0.14...+1.39%
ODFL...32.37...+0.11...+0.34%
LSTR...34.45...+0.07...+0.20%
SAIA...15.85...-0.23...-1.43%
YRCW...1.38...-0.17...-10.97%

FDX--
Cramer's Stop Trading! - FedEx Delivers (7/15/09) -- Seeking Alpha
Stocks Flat as CIT, Banks Put Stop to Rally - Market Overview * US * News * Story - CNBC.com
Stocks Stage Rally as Technology Leads - Market Overview * US * News * Story - CNBC.com
Cramer's 'Mad Money' Recap: Jamie Dimon's Prophetic Call (Final) | Mad Money Recap | Financial Articles & Investing News | TheStreet.com
Mad Money: Lightning Round: Arch Coal, NCR, DryShips and More - Lightning Round - CNBC.com

UPS--
Cramer's 'Mad Money' Recap: Jamie Dimon's Prophetic Call (Final) | Mad Money Recap | Financial Articles & Investing News | TheStreet.com
'Mad Money Lightning Round': Stick With UPS | Jim Cramer's Lightning Round | Financial Articles & Investing News | TheStreet.com

YRCW--
CORRECTED-UPDATE 3-YRC adviser Rothschild in debt holder talks | Markets | Markets News | Reuters


Stocks Close Higher, Helped by Roubini, Tech
Stocks closed higher after a staging a late rally triggered partly by positive comments from the economist known as "Doctor Doom."
After drifting for most of the session, the market began climbing when Reuters reported that Nouriel Roubini, a longtime pessimist, said the recession could be over by the end of the year.
Stocks Stage Rally as Technology Leads - Market Overview * US * News * Story - CNBC.com

Art Cashin: Stock Market is 'Now Overbought'
JPMorgan Chase reported 36 percent rise in quarterly profit, topping Wall Street forecasts. Meanwhile, CIT Group said it would not get government bailout funds; many see bankruptcy as inevitable for the lender, with possible dire consequences for small and medium businesses.
JPMorgan "had the TARP money foist upon them," Cashin declared. "They're having some difficulty getting it straightened out. But it's a very strong company."
However, he noted, there are negative ramifications of this week's events in the financials sector: "The outlook for the consumer, for credit, is not glowing."
CNBC Stock Blog — Art Cashin: Stock Market is Overbought - CNBC Stock Blog - CNBC.com

New Cars Coming Closer To Giving Us What We Want
It's the one thing auto execs constantly worry about. Making sure the launch of a new or re-designed model hits the target.
It sounds simple, but historically there are numerous cases where an auto maker puts a new car or truck in showrooms and it falls short of expectations.
New Cars Coming Closer To Giving Us What We Want - Behind the Wheel with Phil Lebeau - CNBC.com

The Stock Surge and the Profits Paradox
Stocks are roaring this week.
A 6 percent surge is being fueled by better-than-expected earnings — profits that make capitalism go.
Here’s an unconventional capitalist thought: Businesses are slashing jobs, hours worked, production, and inventories — big-time. Unfortunately, this is driving up unemployment and creating skepticism about a real economic recovery. However, at the same time, these cost-cutting measures are contributing to better earnings and profit margins. This, in turn, is driving up stocks.
The Stock Surge and the Profits Paradox - Money and Politics Blog - CNBC.com


Now you are up to speed and informed.
Even if it is a little late.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-12.html

The Weekend Edition will publish noon Saturday.

 

[ls57racer]

I'll do what I can to stand in for River17

Pros Say: S&P Could Slump 100 Points

Stocks edged lower on Thursday at the open as the market gave back some of its gains from this week's rally. Investors weighed a mixed bag of earnings results against jobless claims data, including auto layoffs that were much less than typical for this time of year. Read and listen to what the experts had to say...
CNBC Stock Blog — Pros Say: S&P Could Slump 100 Points — CNBC.com Market News - CNBC Stock Blog - CNBC.com

All Big Banks Will Do 'Quite Well': Stock Pickers

Even though many financials are up sharply from the bottom in March, they are still down substantially from where they were a year ago.



Anton Schutz, portfolio manager at Burnham Financial Funds, and Tom Brown, CEO of Bankstocks.com, told investors where to invest in the financial sector.

“There are many stocks out there that are trading at huge

CNBC Stock Blog — All Large Banks Will Do 'Quite Well': Stock Pickers - CNBC Stock Blog - CNBC.com

Financials Rally Set to Continue: Dick Bove

A week-long rally began since Monday, thanks initially to bank stocks, but will the rise continue? Richard Bove, financial strategist at Rochdale Securities, shared his views on the sector.



“What we’re seeing is the hope that when we get the non-performing asset figures out of the banks over the next 4 to 6 days, that they’re going to show a slowing

CNBC Stock Blog — Dick Bove on Bank Stocks Rally — CNBC.com Market news - CNBC Stock Blog - CNBC.com

That's all the damage I can do...Hope this helps

 

[imported_River17]

Dow Finishes Big Week With Small Gain

WEEKEND EDITION

Conservative Group Hit Up FedEx in UPS Dispute
Report says group asked for donation in exchange for endorsement in labor dispute
A major conservative interest group asked FedEx for a $2 million to $3 million donation in exchange for the group’s backing in a legislative battle with UPS, according to a published report Friday.
Politico quoted an official at the American Conservative Union who said the group did not receive money from UPS.
Conservative Group Hit Up FedEx in UPS Dispute | Journal of Commerce

UPS Says No ‘Pay to Play’
Carrier responds to report that group sought money from FedEx over labor issue
UPS said Friday it did not pay for support from a conservative group that was reported to have solicited donations from FedEx in the package carriers’ legislative battle over labor law.
A FedEx spokesman, meanwhile, said that company provided Politico the letter from ACU Chairman David Keene after that group and others issued a statement supporting UPS and a legislative measure that would make it easier for labor unions to organize FedEx Express workers.
The UPS spokesman would not discuss whether the company provides financial support for the ACU, Americans for Tax Reform and other groups that earlier this week attacked FedEx in its fight with UPS.
UPS Says No ‘Pay to Play’ | Journal of Commerce

YRC Teamsters Prepare to Vote on Major Changes
Union employees could receive ballots on wage cuts, company offer by next week
Financiallytroubled YRC Worldwide could see results of a critical vote by its Teamsters drivers on dramatic changes to the labor contract by the first week of August.
Teamsters at the motor carrier will begin to receive ballots as early as the week of July 20 for a vote on a plan to steer the troubled carrier clear of bankruptcy.
If the process runs smoothly, YRC and the Teamsters could seal their deal two weeks later.
YRC Teamsters Prepare to Vote on Major Changes | Journal of Commerce

Oberstar Says 'Second Stimulus' Should Be Highway Bill
Spending for transportation or 'nothing else,' committee chairman warns
Any more legislation that Congress passes to stimulate the economy will be dedicated solely to highways, Rep. James L. Oberstar, chairman of the House Transportation and Infrastructure Committee, said July 16.
“If there is going to be a second stimulus, it’s going to be highways or nothing else,” Oberstar told members and witnesses at a Highway and Transit Subcommittee hearing, ramping up the heat on a dispute between members of Congress and the Obama administration over federal spending and transportation.
Oberstar Says 'Second Stimulus' Should Be Highway Bill | Journal of Commerce

Senate to Drop ‘Card-Check’ Provision, Times Reports
Democratic senators have decided to drop a provision that would have allowed workers to form a union if a majority of employees sign cards, the New York Times reported Friday.
Though Democrats have 60 votes in the Senate, several Democratic senators have voice opposition to the provision and announced their intentions to vote against the bill if card check were a part of it.
Senate to Drop ‘Card-Check’ Provision, Times Reports | Transport Topics Online | Trucking, Freight Transportation and Logistics News


Dow...8,743.94 +32.12 +0.37%

Nasdaq...1,886.61 +1.58 +0.08%

S&P 500...940.38 -0.36 -0.04%


ODFL...32.63...+0.21...+0.65%
SAIA...15.93...+0.08...+0.50%
CNW...34.89...+0.13...+0.37%
HTLD...14.92...-0.07...-0.47%
LSTR...33.93...-0.37...-1.08%
JBHT...27.09...-0.34...-1.24%
KNX...16.46...-0.22...-1.32%
UPS...52.17...-0.76...-1.44%
FDX...60.47...-1.32...-2.14%
ABFS...25.83...-0.75...-2.82%
YRCW...1.34...-0.04...-2.90%
VTNC...9.86...-0.34...-3.33%

FDX--
Freaky Friday Potpourri: Serenity Now!-Minyanville
Small Businesses Get Venture Capital Bailout | Small Business Tip of the Week | Financial Articles & Investing News | TheStreet.com
3 Stocks on Our Radar
FDX: Income Statement for FEDEX CORP - Yahoo! Finance

UPS--
Will Revenues Be Below Par at the British Open? - BusinessWeek

CNW--OUCH........
5 Deathbed Stocks? (CNW)

YRCW--
5 Deathbed Stocks? (CNW)
TheFortuneFinancial.com Free Market Research on DELL, BRCD, YRCW, ARUN, SNPS and PDCO - Yahoo! Finance

Dow Finishes Big Week With Small Gain
The Dow scraped out a gain in the last 15 minutes of trading Friday, bringing a rousing week-long earnings-spurred rally to a positive close.
For the week, the S&P was up a shade under 7 percent, while the Nasdaq gained 7.4 percent, putting the index up 8 percent over the past eight sessions.
Market Struggles For Gains, But CIT Soars - Market Overview * US * News * Story - CNBC.com

Art Cashin: Traders Don't Trust These Earnings
Cashin said much of the interest on the trading floor moved "away from the financials" Friday.
'Most of the [earnings] reports have shown better income by cutting costs. That's a short-term solution. That's not a method of growth. There's still a little suspicion."
CNBC Stock Blog — Art Cashin, Investing, Financials — CNBC.com Market News — Citigroup, Bank of America, GE - CNBC Stock Blog - CNBC.com

Pros Say: US Market Rally Likely to Continue
"The market is really responding favorably and positively to the earnings reports that we've seen right now," said Ben Lichtenstein of Tradersaudio.com. "This rally seems to have a little bit more weight to it, and possibly could have some more follow through." He said he's looking at the Dow rising to 9,000 and the S&P to 955.
CNBC Pros Say: US Market Rally Likely to Continue - CNBC Stock Blog - CNBC.com

Obama Discovers Pitfalls of Healthcare Reform
President Barack Obama knew it was not going to be easy to overhaul U.S. healthcare.
"There's a reason why it hasn't happened for 50 years," he told supporters on Thursday. "Harry Truman wanted to do it; couldn't get it done. Every president since that time has talked about it; hasn't gotten it done."
And now he is finding out just how hard it is.
Obama Discovers Pitfalls of Healthcare Reform - Healthcare * US * News * Story - CNBC.com

Unemployment Rates Hit Record Highs In Several States
Florida, Rhode Island and Nevada were among six states to post record jobless rates in June.
In all, the government's latest data showed 38 states and the District of Columbia posted an increase in unemployment from the previous month.
Fifteen states and the District of Columbia surpassed the national unemployment rate of 9.5 percent
Unemployment Rates Hit Record Highs In Several States - Economy * US * News * Story - CNBC.com

How to Protect Your IRA as Retirement Closes In
Joan, as I mentioned in my last post, a few years before retiring you should begin to accumulate an amount of money that's equivalent to 2-5 years worth of cash withdrawals (based upon your expected income needs). This systematic accumulation of cash is done on purpose so that you have a "safe-money" source to pull from when the balance of your investment portfolio and the stock and bond markets may be declining in value.
Protecting Your IRA Before Retirement - On the Money - Investing - CNBC.com

Ford Pushes Fuel Economy, For a Price
Boulder, Colorado is the perfect place to try out Ford's new EcoBoost engine.
After all, zipping up Flagstaff Mountain in a Ford Flex is the way to truly feel the increased torque you get with EcoBoost.
The performance from two days of driving in and around Boulder was enough to convince me EcoBoost will definitely have fans.
Ford Pushes Fuel Economy, For a Price - Behind the Wheel with Phil Lebeau - CNBC.com

Get It Right Today, Be Glad Tomorrow
If we want to have a decent life in our latter years, we need to accumulate while we are young.
Now, let me be clear. Some people are simply not looking the reality of the situation in the face. There are some who, as my pal Frank Mottek from CBS describes them, are part of the "funemployed."
Yahoo! Personal Finance: Calculators,Money Advice,Guides,& More

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-12.html

 

[imported_River17]

S&P Hits 8-Month High Amid Earnings Optimism


YRC chairman: Nonunion workers probably won’t take further cuts
YRC Worldwide Inc.’s nonunion employees probably won’t take further cuts if International Brotherhood of Teamsters workers approve another round of concessions, company Chairman and CEO Bill Zollars said.
The nonunion workers, who constitute about 14,000 of YRC’s 49,000 total employees — or about 29 percent of the work force — early this year took a 10 percent wage cut that now has been extended, along with the suspension of 401(k) matches and benefits cuts.
YRC chairman: Nonunion workers probably won’t take further cuts - Kansas City Business Journal:

Leading Economic Index Gains in June
Third consecutive increase points to easing recession, beginning of recovery
Leading indicators show increasing strength in the U.S. economy during June, according to a research group.
The Conference Board Leading Economic Index for the United States increased 0.7 percent to 100.9 in June, the third consecutive monthly gain for the index. Based on revised data, the index increased 1.3 percent in May and increased 1 percent in April. During the six-month span through June, the leading economic index increased 2 percent, with five out of ten components advancing.
Leading Economic Index Gains in June | Journal of Commerce

Truck Orders Down 51 Percent for June
Class 8 commercial truck net orders for June were down 51 percent from last June due to a high cancellation rate. According to the State of the Industry report by ACT Research, medium-duty orders were also low.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Werner’s 2Q Income Declines
Truckload carrier Werner Enterprises said late Monday its second-quarter profit fell to $12.7 million, or 18 cents per share, from $18.1 million, or 25 cents, a year ago.
Fewer trucks and a 16% shorter length of haul reduced total miles by 14% over this same period
Werner’s 2Q Income Declines | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Oklahoma to Raise Tolls 16% in August
The increase will bring in about $21 million a year to the state's Turnpike Authority, which had previously reported a budget shortfall of that amount, the Oklahoman newspaper reported.
Oklahoma to Raise Tolls 16% in August | Transport Topics Online | Trucking, Freight Transportation and Logistics News


Dow...8,848.15 +104.21 +1.19%

Nasdaq...1,909.29 +22.68 +1.20%

S&P 500...951.13 +10.75 +1.14%


YRCW...1.53...+0.19...+14.10%
ODFL...33.49...+0.86...+2.64%
ABFS...26.39...+0.56...+2.17%
FDX...61.69...+1.22...+2.02%
CNW...35.58...+0.69...+1.98%
UPS...52.75...+0.58...+1.11%
KNX...16.52...+0.06...+0.36%
VTNC...9.85...-0.01...-0.10%
LSTR...33.88...-0.05...-0.15%
JBHT...26.98...-0.11...-0.41%
HTLD...14.78...-0.14...-0.94%
SAIA...15.75...-0.18...-1.13%

FDX--
How Stimulus Is Affecting Transportation Sector -- Seeking Alpha
Technology And The Law - Forbes.com
Whatever Business You're In, It's the People Business-Minyanville
Why a Roth Could Be All Wrong for You
It's A Brand-New Game - Yahoo! Finance
FedEx and UPS Clash Over Legislation - WSJ.com

UPS--
FedEx and UPS Clash Over Legislation - WSJ.com
How Stimulus Is Affecting Transportation Sector -- Seeking Alpha

ABFS--
BridgewaterEquity.com Free Fundamental Sector & Market Research on PTEN, LVLT, EXPD, ABFS, SQNM and BBBY - Yahoo! Finance

YRCW--
YRC Launches Residential Solutions for Home and Non-Commercial Shipments - Yahoo! Finance
YRC chairman: Nonunion workers probably won’t take further cuts - Kansas City Business Journal:
YRC Worldwide adds home delivery through partnership with Specialized Transportation Agent Group - Kansas City Business Journal:

S&P Hits 8-Month High Amid Earnings Optimism
Stocks rallied to the finish line Monday after a wobbly morning as a CIT deal to avert bankruptcy and strong earnings gave investors cause for optimism.
Giving stocks a little extra juice a half-hour into trading: Leading indicators rose for a third straight month, suggesting the recession may be winding down. Leading indicators rose 0.7 percent in June, following a upwardly revised 1.3-percent gain in May, the Conference Board reported. Economists had expected a more modest gain of 0.5 percent.
S&P Hits 8-Month High Amid Earnings Optimism - Market Overview * US * News * Story - CNBC.com

Art Cashin: My Take on Goldman's S&P Call
Goldman Sachs issued a bullish note on the S&P 500, raising its target for the index to 1060 from 940 by year's end.
"Certainly, they've got the shorts a little panicky," Cashin said.
But does he fully accept Goldman's outlook? "Not quite yet," he cautioned.
"If we can break out to new highs, you might get a whole new leg up in this."
"But I haven't seen the changes in the economy...that I think would justify a 15 percent move up."
CNBC Stock Blog — Art Cashin on Goldman Sachs' S&P Call — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Bernanke: May Need to Tighten to Prevent Inflation
The Federal Reserve will need to rein in accommodative measures to prevent inflation as a recovery takes hold, though the pace and timing will depend on the strength of the economy, central bank Chairman Ben Bernanke said in a Wall Street Journal article.
Bernanke: May Need to Tighten to Prevent Inflation - Politics and Government * US * News * Story - CNBC.com

Roubini: Recovery From Recession Will Be 'Very Ugly'
"The recovery is going to be subpar," Roubini said. "I see a one percent growth in the economy in the next few years. There will also be 11 percent unemployment next year and the recovery is going to be slow. It's going to feel like a recession even when it ends."
Roubini: Economic Recovery to Be 'Very Ugly' - Economy * US * News * Story - CNBC.com

Even After a Huge Rally, Emerging Markets Still in Favor
Despite a stunning surge of nearly 50 percent that otherwise might indicate a looming pullback, investors remain mostly bullish on emerging markets.
"It's a great story. It's our favorite story over the next 12 months," said Alec Young, international equity strategist with Standard & Poor's Equity Research. "Investors need to own this long-term."
Emerging Markets: Even After a Huge Rally, Emerging Markets Still in Favor - Markets * US * News * Story - CNBC.com

Toyota's New U.S. Boss: 'Time to Get Close to The Customer'
The new man in charge of Toyota North America, Yoshi Inaba, is focused on getting the Japanese auto maker back on track in the states by making decisions faster and getting closer to the customer.
Toyota's New U.S. Boss: 'Time to Get Close to The Customer' - Behind the Wheel with Phil Lebeau - CNBC.com

Stocks Roar on Positive Leading Indicators
The discouraging June jobs report published two weeks ago has been overtaken by some really positive leading indicators for the economy.
And today, the Index of Leading Indicators (LEI) from the Conference Board provided the most bullish sign yet that the recession is ending.
For the first time in four years the LEI is up three straight months, with a better-than-expected 0.7 percent gain in June following upwardly revised gains of 1.3 percent in May and 1 percent in April. Higher stock prices, falling first-time jobless claims, rising housing starts, and a steep upward sloping Treasury yield curve led June’s advance.
Stocks Roar on Positive Leading Indicators - Money and Politics Blog - CNBC.com

Bulls And Bears Battle it Out Over Earnings
Bulls are quite happy that, in the early stages of earnings season, more companies are beating expectations (a little over 70 percent) than usual (about 60 percent usually beat).
The bulls have argued that the risk to the market is to the UPSIDE, not the DOWNSIDE, and so far they have been right: stocks have popped on small pieces of good news, and generally have not gone down (much) on bad news.
Bulls And Bears Battle it Out Over Earnings - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-12.html

 

[imported_River17]

Dow Logs 7th Straight Gain; Apple Slides

Central States Pension Fund Drops YRC Worldwide
Trustees 'terminate' carrier's participation; Move won't affect accrued benefits
The largest Teamsters pension fund dropped YRC Worldwide, the largest unionized trucking company, as its Teamster employees prepare to vote on whether to accept a 15 percent wage cut and a suspension of company pension contributions.
The Central States Southeast and Southwest Areas Pension Fund notified the principal officers of Teamster union locals last week that its trustees had decided to “terminate the participation” of YRC and USF Holland in the fund, effective July 9.
Central States Pension Fund Drops YRC Worldwide | Journal of Commerce

Volvo Group Loses $725 Million
Truck maker's worst-ever quarterly loss comes amid collapsing sales worldwide
Sweden’s Volvo AB, the world’s second-largest truck maker, on July 21 reported its worst-ever quarterly loss amid collapsing sales worldwide.
The Gothenburg-based company swung to a second-quarter net loss of $725 million from a $666 million profit a year ago as revenue declined 33 percent to $7 billion from $10.5 billion.
The company recorded an operating loss of $901 million, compared with a year-earlier profit of $935 million.
Volvo Group Loses $725 Million | Journal of Commerce

FedEx Expands Hybrid-Electric Fleet
Conversion of 92 vehicles to save fuel, cut emissions
FedEx converted 92 standard FedEx delivery trucks to hybrid-electric trucks. The addition boosts the carrier’s hybrid fleet to a total of 264, the largest fleet of hybrid delivery trucks in North America.
The FedEx hybrid-electric fleet has already logged more than four million miles of revenue service since 2004, reducing fuel use by 150,000 gallons and carbon dioxide emissions by 1,521 metric tons.
Freightliner Custom Chassis Corporation and Eaton Corporation produced the conversions in Charlotte, N.C., during the past six months using 2000 or 2001 models with 300,000 to 500,000 miles on them.
FedEx Expands Hybrid-Electric Fleet | Journal of Commerce

Marten Reports Higher Second-Quarter Income
Refrigerated truckload carrier Marten Transport’s second-quarter net income rose 29.1% to $4.5 million, or 20 cents a share, from $3.5 million, or 16 cents, a year ago.
Purchased transportation fell 17.1% to $25.9 million, from $31.3 million in the same quarter last year.
Marten Reports Higher Second-Quarter Income | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Truckload Fleets Slash Driver Pay to Trim Expenses
About one-third of truckload fleets have cut driver pay over the past 12 months as carriers strive to trim expenses during the extended freight recession, a new survey has reported.
“The recession is the driving factor for the reductions,” said Gordon Klemp, principal of NTI, Kansas City, Mo. “In the current freight environment, carriers have been forced to turn over every stone to save money. When you have a glut of drivers, quality drivers come knocking at your door, and these people usually are available for less.”
Truckload Fleets Slash Driver Pay to Trim Expenses | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Wabash Receives $35 Million Investment
Trailer Investments will invest $35 million in Wabash National as part of a securities purchase agreement. Trailer Investments was formed for this purpose by Lincolnshire Equity Fund III, a private equity investment fund managed by Lincolnshire Management.
"This capital infusion will fortify our balance sheet, allowing us to put in place a capital structure that meets the needs of the company during this economic downturn, including to obtain needed accommodations under our existing credit agreement," said Dick Giromini, Wabash National president and CEO. "Having conducted a thorough process to evaluate strategic alternatives, we believe that this transaction is a necessary and effective step to protect the interests of our existing stockholders, and we look forward to working with Lincolnshire Management in the future."
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...8,915.94 +67.79 +0.77%

Nasdaq...1,916.20 +6.91 +0.36%

S&P 500...954.58 +3.45 +0.36%


VTNC...9.95...+0.10...+1.02%
LSTR...34.16...+0.28...+0.83%
SAIA...15.68...-0.07...-0.44%
UPS...52.29...-0.46...-0.87%
ODFL...33.16...-0.33...-0.99%
KNX...16.32...-0.20...-1.21%
JBHT...26.64...-0.34...-1.26%
CNW...35.01...-0.57...-1.60%
HTLD...14.50...-0.28...-1.89%
FDX...60.47...-1.22...-1.98%
ABFS...25.53...-0.86...-3.26%
YRCW...1.45...-0.08...-5.17%

FDX--
ProLogis Leases Large SoCal Space - Yahoo! Finance
The No-Sweat $1 Million Portfolio
FedEx Expands Hybrid-Electric Fleet by 50 Percent With Groundbreaking Conversion Program - Yahoo! Finance

UPS--
Earnings Preview: UPS - Yahoo! Finance
Cramer's Take on Headline Stocks | Stockpickr | Financial Articles & Investing News | TheStreet.com


Dow Logs 7th Straight Gain; Apple Slides
A late rally pushed stocks higher Tuesday following better-than-expected earnings from several Dow components.
The Dow had shot out of the gate this morning, after beats from several components, but pockets of weakness quickly began to emerge, including chips, hardware, banks and retail. All three indexes turned lower at midday as investors digested Fed Chairman Ben Bernanke's testimony on Capitol Hill, before a late rally propelled them to a positive finish.
Dow Logs 7th Straight Gain; Apple Slides - Market Overview * US * News * Story - CNBC.com

Two Biggest US Pension Funds Suffer Huge Losses
Calpers, the largest U.S. pension fund, said on Tuesday it suffered a record 23.4 percent drop in the value of its assets in the last year. It wasn't the only giant pension fund from the Golden State to take a hit.
Top Two US Pension Funds Suffer Huge Losses - Funds and ETFs * US * News * Story - CNBC.com

Art Cashin: What's Driving the Market Now
Companies as diverse as Caterpillar, Merck and Coca-Cola reported quarterly profit that beat analyst estimates. Does this signify an embryonic bull market at last?
"There's a mild thread of disappointment in them. Revenues seem to be coming up short."
CNBC Stock Blog — Art Cashin, Investing, Earnings — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Cramer: And the Oscar Goes to ... Bernanke
Investors looking to blame someone or something for the market’s midday dip were quick to point their collective fingers at Ben Bernanke. The Federal Reserve chairman’s congressional testimony wasn’t as positive as Wall Street had wanted, and that pushed down stocks. But Cramer on Tuesday was just as quick to remind these people that it was Bernanke who made the rally of the past few months possible.
Mad Money: And the Oscar Goes to ... Bernanke - Mad Cap Recap - CNBC.com

California Governors John and Ken
As Governor Arnold Schwarzenegger and top legislative leaders announce a plan to close the state's $26 billion budget hole without raising taxes, two guys sitting in an LA radio studio are taking credit.
"You've screwed up the last six years, and we're letting the world know that," says Ken Champiou, who, with colleague John Kobylt, host "The John and Ken Show" every afternoon on KFI.
California Governors John and Ken - Funny Business with Jane Wells - CNBC.com

Can Toyota Build Cars of Passion?
The question was blunt.
The answer telling.
Yesterday as I sat with a handful of other reporters for a one hour chat with Yoshi Inaba, the new President of Toyota North America talked about Toyota building cars that evoke passion.
Can Toyota Build Cars of Passion? - Behind the Wheel with Phil Lebeau - CNBC.com

President Obama's Dishonest Demagoguery on So-Called Tax Havens
My friend Dan Mitchell over at Cato just emailed me the following video.
President Obama's Dishonest Demagoguery on So-Called Tax Havens - Money and Politics Blog - CNBC.com

[YT]i4NfocHluh8[/YT]


Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-13.html

 

[imported_River17]

Dow Skids; Nasdaq Gains for 11th Day

Old Dominion Profit Plummets 55 Percent
Tonnage declines, pricing gets highly competitive
Old Dominion Freight Line earned a profit of $10.7 million in the second quarter, down 55 percent from a year ago, as tonnage declined and competitive pricing drove the operating ratio up.
Revenue for the quarter was $316.2 million compared with $417.8 million for the second quarter of 2008, down 24 percent.
Old Dominion’s operating ratio was 93.2 percent for the second quarter of 2009 versus 89.7 percent a year earlier.
Old Dominion Profit Plummets 55 Percent | Journal of Commerce

ABF Freight Loses $15 Million
LTL carrier's yield plummets 13.1 percent as tonnage decline deepens
Less-than-truckload carrier ABF Freight System lost $15.4 million in the second quarter, the company said July 21, on steep declines in volume and pricing in the trucking business.
The loss was better than the $18.2 million the Fort Smith, Ark.-based carrier lost in the first quarter, but the 17 percent slide in tonnage and the 13.1 percent drop in yield, a signal of eroding pricing, were far worse in the quarter ending June 30 than earlier in the year.
ABF Freight Loses $15 Million | Journal of Commerce

YRC's Zollars Apologizes to Teamsters, Hoffa
CEO reaffirms company commitment to 'equal sacrifice' of union, nonunion workers
YRC Worldwide Chairman, President and CEO apologized not once but twice to Teamsters General President James P. Hoffa and union employees.
“YRC is committed to the principle of ‘equal sacrifice’ and will require that our nonunion employees take as much, if not more, cuts in wages and benefits as provided by our union employees,” Zollars wrote in a July 21 letter to Hoffa and YRC employees.
YRC's Zollars Apologizes to Teamsters, Hoffa | Journal of Commerce

Knight’s 2Q Income Flat from a Year Ago
Truckload carrier Knight Transportation’s second-quarter profit was about even with a year ago at $12.6 million, or 15 cents a share, compared with last year’s $12.7 million, or 15 cents per share.
Knight’s 2Q Income Flat from a Year Ago | Transport Topics Online | Trucking, Freight Transportation and Logistics News

C.H. Robinson Boosts Profit in Second Quarter
Asset light operator defies economy with improved volume
Transportation broker C.H. Robinson defied the economy and boosted profit in the second quarter as truckload volume declined less than in the previous three months.
A 5 percent decline in truckload volume and more serious volume slippage in other modes left revenue down 17 percent at $1.9 billion. But as a result of lower fuel and transportation costs, net revenue gained 3.1 percent to $352 million, and net profit was up 2 percent to $92 million
C.H. Robinson Boosts Profit in Second Quarter | Journal of Commerce

Caterpillar Profit Slides 66 Percent
Weak global demand for heavy equipment, staff cuts slash earnings
Truck and heavy equipment manufacturer Caterpillar earned a much smaller profit in the second quarter as sales dived and the company absorbed the cost of layoffs.
Net profit of $371 million was down 66 percent compared with last year’s second quarter. Revenue fell 41 percent to $7.9 billion as equipment and engine sales fell 43 percent.
Cost cutting included a reduction in the work force by some 22,000 positions as well as cut backs in production at plants around the world.
Caterpillar Profit Slides 66 Percent | Journal of Commerce

Two-Hour Radio Special to Focus on Truck-Only Lanes
During a special two-hour edition of its "ATRI on the Air" Sirius XM radio show, the American Transportation Research Institute will address the impacts and issues surrounding truck-only lanes. Issues on the agenda for the July 23 show include financial, geographic and political challenges.
The show will be hosted by Dan Murray, ATRI vice president, and Sirius XM trucking radio host Dave Nemo, whose show normally airs during this time slot. The program will take place July 23, from 8 a.m. to 10 a.m. central time.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...8,881.26 -34.68 -0.39%

Nasdaq...1,926.38 +10.18 +0.53%

S&P 500...954.07 -0.51 -0.05%


LSTR...35.10...+0.95...+2.78%
FDX...61.80...+1.33...+2.20%
KNX...16.61...+0.29...+1.78%
ODFL...33.73...+0.53...+1.60%
SAIA...15.82...+0.16...+1.02%
HTLD...14.58...+0.08...+0.55%
JBHT...26.75...+0.04...+0.15%
CNW...35.02...+0.01...+0.03%
UPS...52.30...+0.01...+0.02%
YRCW...1.45...+0.00...+0.00%
VTNC...9.66...-0.31...-3.11%
ABFS...24.49...-1.17...-4.56%

FDX--
Charlotte project converts FedEx trucks to hybrids - Charlotte Business Journal:
Transports in the Crosshairs | Technical Analysis | Financial Articles & Investing News | TheStreet.com
1 dead, 3 injured in Newark airport shuttle crash - Yahoo! Finance

UPS--
Major business events scheduled for Thursday - Yahoo! Finance
Tomorrow's Headliners: AT&T, Microsoft | Market Features | Financial Articles & Investing News | TheStreet.com

ODFL--
Old Dominion Freight Line Announces Second-Quarter Earnings of $0.29 Per Diluted Share - Yahoo! Finance
US Earnings: Company Earnings Calendar - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
Summary of OLD DOMINION FREIGHT LINE INC/VA - Yahoo! Finance
Old Dominion 2Q profit drops on lower tonnage - Yahoo! Finance

ABFS--
Arkansas Best Corporation Announces Second Quarter 2009 Results - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
US Earnings: Company Earnings Calendar - Yahoo! Finance
Summary of ARKANSAS BEST CORP /DE/ - Yahoo! Finance
Live Call: Arkansas Best Corp. Earnings Conference Call (Q2 2009) - Yahoo! Finance
Arkansas Best posts to 2Q loss, revenue dn 27 pct - Yahoo! Finance
ABF Wins the ATA Excellence in Security Award for Record Fifth Time - Yahoo! Finance

YRCW--
Beacon Equity Issues Trading Outlook for YRC Worldwide - Yahoo! Finance
YRC Worldwide Sends 58 Drivers to the National Truck Driving Championships - Yahoo! Finance

Dow Skids; Nasdaq Gains for 11th Day
The Dow and S&P snapped their winning streaks Wednesday as disappointing earnings from two .of Wall Street's biggest names overshadowed another round of earnings beats.
Fed Chairman Ben Bernanke was back on Capitol Hill today, testifying before the Senate. Bernanke said the central bank wants to shield monetary policy from political interference but understands it has to be accountable to taxpayers.
Dow Snaps Streak; Nasdaq Gains for 11th Day - Market Overview * US * News * Story - CNBC.com

Art Cashin: '30% Chance of Sudden Reversal'
Amid choppy earnings, is the rally running out of steam?
Caterpillar on Tuesday had reported a sweet upside surprise of 50 cents per share — yet its shares are down. Why?
Cashin said that among some traders, "there is a concern" about the global construction giant's numbers being misleading.
CNBC Stock Blog — Art Cashin Sees 30% Chance of Sudden Reversal — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Tony Fratto: Obama's Jobless Recovery
Despite Dennis Kneale calling the end of the recession, we may be getting ahead of ourselves with talk of "recovery". It's possible we're finding a bottom, but no one knows whether growth will return this quarter or next.
And when growth does return, the jury's out on whether we'll see a happy V-shaped rebound, or the ugly U- or double-dipped W-shape Nouriel Roubini cautioned against in his interview with Maria Bartiromo last week.
Tony Fratto: Obama's Jobless Recovery - CNBC Guest Blog - CNBC.com

Arnold's Garage Sale
Governor Arnold Schwarzenegger will hold a "garage sale" next month to sell off state cars and office supplies to raise money for California. The Governor has been Tweeting about the August 28-29 sale, saying he plans to list items on eBay and Craigslist.
Arnold's Garage Sale - Funny Business with Jane Wells - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-13.html

 

[imported_River17]

Dow Soars Past 9,000; Nasdaq Logs 12th Win

UPS Profit Falls 49 Percent
Weak economy cuts into shipping demand
UPS saw its net profit fall 49 percent in the second quarter, to $445 million, and the company said it expected the economy that has cut deeply into shipping demand to remain just as weak in the coming months.
“The business environment in the third quarter should be similar to the second quarter,” UPS Chief Financial Officer Kurt Kuehn said.
Most of the demand drop in the domestic package business came in the ground segment, which was off 5.4 percent. Overnight and deferred domestic air volume was almost flat in the quarter, although yield in the next-day delivery business fell 20 percent compared to last year. Overall yield for domestic shipping also fell 2.2 percent from the first quarter to the second, a strong signal that price increases the company had announced for this year have apparently fallen away in the face of declining demand
UPS Profit Falls 49 Percent | Journal of Commerce

Con-way’s 2Q Profit Falls
Con-way Inc. said its second-quarter income fell to $33 million, or 64 cents per share, compared with $50.4 million, or $1.02, a year ago.
Revenue fell 21.2% to $1.1 billion, Con-way said in a statement late Thursday.
Con-way Freight, the company’s less-than-truckload unit, saw sequential volume increase each month of the quarter, Con-way said.
Con-way Freight had an operating income of $49 million, a decrease of 36.7% from a year ago. Its revenue fell to $638 million, down 22.6% from last year's revenue.
Con-way’s 2Q Profit Falls | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Trucker Vitran Turns Slim Profit
Shipment, tonnage improvements offset weak pricing environment
Canadian trucker and supply chain manager Vitran returned to profitability in the second quarter, led by its less-than-truckload and logistics businesses.
Vitran earned $400,000 on revenue of $158.7 million for the quarter ended June 30, 2009. In the comparable 2008 three-month period, the company earned a $4.6 million profit on revenue of $196 million. Vitran reported a net loss of $2.4 million for the first quarter and a loss of $3.2 million in the fourth quarter of 2008.
The company’s logistics business equaled its all-time best profitability with income from operation of $1.4 million and an operating ratio of 92.3 percent. The LTL segment posted income from operations of $1.2 million, with an OR of 99.1 percent. The truckload segment achieved income from operations of $256,000, with an OR of 97 percent.
Trucker Vitran Turns Slim Profit | Journal of Commerce

Meanwhile, in the Real Economy …
MarketBeat
WSJ.com's inside look at the markets
With everyone in such a tizzy over the recent spurt of not-so-badness in the economy and better-than-expected earnings, it’s easy to overlook some information about the real economy that’s trickling out today.
Real, you know, as in stuff being built, jammed into boxes and sent to customers. Looking through that lens, things don’t appear quite so rosy as today’s market movements might have you believe.
Meanwhile, in the Real Economy ... - MarketBeat - WSJ

20 ABF State Driving Champions to Compete in National Truck Driving Championships
ABF Freight System, Inc., is sending 20 championship drivers from 10 states to the 72nd National Truck Driving Championships, August 18-22, 2009, in Pittsburgh. Professional drivers earn the right to compete in the National Championships by winning state driving championships and by maintaining an accident-free driving record for the past year.
Team Championship trophies were awarded to the ABF driving teams in Arkansas, New Mexico and Wyoming, where ABF earned more first place trophies than any other carrier.
20 ABF State Driving Champions to Compete in National Truck Driving Championships - Yahoo! Finance


Dow...9,069.29 +188.03 +2.12%

Nasdaq...1,973.60 +47.22 +2.45%

S&P 500...976.29 +22.22 +2.33%


YRCW...1.61...+0.16...+10.97%
JBHT...28.35...+1.59...+5.94%
VTNC...10.16...+0.47...+4.85%
LSTR...36.67...+1.58...+4.50%
ABFS...25.47...+1.03...+4.21%
FDX...64.24...+2.44...+3.95%
CNW...35.97...+0.95...+2.71%
UPS...53.51...+1.21...+2.31%
SAIA...16.08...+0.27...+1.71%
HTLD...14.81...+0.23...+1.58%
KNX...16.86...+0.25...+1.51%
ODFL...33.72...+0.05...+0.15%


FDX--
Meanwhile, in the Real Economy ... - MarketBeat - WSJ
UPDATE 1-Deutsche Post Q2 strong, but outlook gloomy | Markets | Markets News | Reuters
This Too Shall Pass ... Like a Kidney Stone (GENZ)
Business Highlights - Yahoo! Finance

UPS--
UPS Profit Falls 49 Percent | Journal of Commerce
Options Trader Thursday Outlook: Is Today the Day? -- Seeking Alpha
UPS: Revenues Fall - Yahoo! Finance
http://podcast.mktw.net/audio/20090723/MSTBattipaglia072309/MSTBattipaglia072309.mp3
Summary of UNITED PARCEL SERVICE INC - Yahoo! Finance
United Parcel Service, Inc. Q2 2009 Earnings Call Transcript -- Seeking Alpha
Four Questions About The Zappos Deal - Forbes.com
UPS 2Q profit plunges 49 percent as sales slide - Yahoo! Finance
Stocks Rocket Higher - Yahoo! Finance
MarketWatch.com Story
UPDATE 5-UPS says business stabilizing, stock rises 2.3 pct | Markets | Markets News | Reuters

CNW--
US Earnings: Company Earnings Calendar - Yahoo! Finance
Trucking Stocks Still Broken Down
Con-way Inc. Reports Second-Quarter 2009 Results - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
Summary of CON-WAY INC. - Yahoo! Finance
UPDATE 1-Con-way profit falls but tops Wall Street view | Markets | Markets News | Reuters
MarketWatch.com Story
Con-way 2Q profit, revenue fall - Yahoo! Finance

VTNC--
Vitran reports 2009 second quarter results - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
US Earnings: Company Earnings Calendar - Yahoo! Finance
UPDATE 1-Vitran Q2 profit falls | Markets | Markets News | Reuters
Live Call: Vitran Corporation Earnings Conference Call (Q2 2009) - Yahoo! Finance

ABFS--
20 ABF State Driving Champions to Compete in National Truck Driving Championships - Yahoo! Finance


Dow Soars Past 9,000; Nasdaq Logs 12th Win
Stocks rallied Thursday as investors shrugged off a rise in jobless claims and focused on encouraging earnings from Ford and 3M.
A third straight rise in existing-home sales also buoyed the market, helping propel the Dow Jones Industrial Average above the 9,000 mark for the first time since January. The Dow rose 188.03, or 2.1 percent, to close at 9,069.29
Dow Soars Past 9,000; Nasdaq Logs 12th Win - Market Overview * US * News * Story - CNBC.com

Dow 9000: What Does It Mean —and Where Do We Go Next?
U.S. stocks surged on Thursday, driving the Dow industrials above the key 9,000 mark for the first time since January, as corporate profits and rebounding home sales spurred economic optimism.
Dow 9000: What Does it Mean, and Can It Last? - Markets * US * News * Story - CNBC.com

Art Cashin: Here's What's Driving the Rally
The Dow crossed 9,000 Thursday for the first time since January and Nasdaq racked up gains for the 12th day straight.
"It started with earnings," Cashin said.
"Then, Meredith Whitney of Oppenheimer came out [in a CNBC interview] and said she liked Goldman Sachs and several banks that were beginning to turn. And that has lasted pretty much right through to here."
CNBC Stock Blog — Art Cashin: What's Driving the Rally — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Kudlow: Why I'm Saying 'Buy Banks' Now
Recovery Canaries in the Economic Coal Mine
Hailing from four separate corners of the U.S. economy, Apple, Caterpillar, Starbucks, and Merck all beat the street. Throw in the banks and now you’re talking five corners. It’s bullish — 90 percent of the American workforce and rising business may be doing some spending and risk-taking after all. I like this story a lot.
Recovery Canaries in the Economic Coal Mine - Money and Politics Blog - CNBC.com

Crescenzi: Jobless Claims Signal Recession End
Through the noise, jobless claims have been falling slowly ever since the 4-week moving average peaked at 659k in early April...Nevertheless, one can derive a reasonable approximation.... a peak in jobless claims is apparent—a classic sign of a recession’s end, says bond expert Tony Crescenzi.
Crescenzi: Jobless Claims Signal Recession End - CNBC Guest Blog - CNBC.com

Arnold Cuts Up About Knife Video
Some people were kind of weirded out by Governor Schwarzenegger's Twitter video which I blogged about yesterday, where he begins the video by wordlessly holding a huge knife (a prop from "Predator"?). Gawker wrote, "This is bizarre enough to terrify even the jaded and severely battered citizens of California."
Arnold Cuts Up About Knife Video - Funny Business with Jane Wells - CNBC.com

...Virginia!
The Old Dominion State regains the No. 1 spot.
Virginia reclaims the title of America’s Top State for Business this year, squeezing past last year’s Top State, Texas, by a nose—just four points.
CNBC's Top States For Business 2009—And The Winner Is ... - Top States For Business 2009 - CNBC.com

Stocks Surge as Obamacare Implodes
Hate to say it but Obama’s disastrous press conference last night is a big contributor to today’s roaring stock market.
The Dow opened strong and is now up over 200 points, continuing a very bullish rally that is breaking new high ground for shares this year.
Stocks Surge as Obamacare Implodes - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-13.html

 

[imported_River17]

Dow Has Strongest Two Weeks Since 2000

WEEKEND EDITION

Con-way shares rise after 2Q profit tops forecasts
Shares of trucking company Con-way rise after second-quarter profit tops Wall Street forecasts
Shares of trucking operator Con-way Inc. surged Friday after the company reported better-than-expected second-quarter profit and a JPMorgan analyst upgraded the stock.
The shares gained $5.03, or 14 percent, to $40.99 in morning trading.
JPMorgan raised its rating to "Overweight" from "Neutral," saying the second-quarter results indicated Con-way could be poised "for a significant turn" in earnings per share even if rival YRC Worldwide Inc. doesn't file for bankruptcy protection.
Con-way shares rise after 2Q profit tops forecasts - Yahoo! Finance

Con-way Reports $31.5 Million Profit
Revenue tops $1 billion as LTL unit demand edge up, pricing slide
Trucking and logistics company Con-way returned to profitability in the second quarter, reporting $31.5 million in net income on $1.1 billion in revenue. The company lost $153 million in the first quarter, on $962.9 million in revenue.
Sequential month-to-month growth in freight volume and demand for logistics services helped lift the company despite the recession and pressure from customers to lower its rates. Con-way also credited savings from cost-cutting initiatives, including layoffs and salary and wage reductions.
Overcapacity in the less-than-truckload and truckload markets is keeping a lid on pricing, however, limiting the company's ability to improve its yield.
Con-way Reports $31.5 Million Profit | Journal of Commerce

Saia Loses $1.7M
Tonnage, shipments, weight, yield decline in weak shipping environment
Saia lost $1.7 million in the second quarter on revenue of $218 million, which was 21 percent lower than in the prior year quarter. Last year before the recession had its full impact on the freight economy, Saia earned a net profit of $5.3 million in the second quarter on revenue of $276 million.
The Johns Creek, Ga.-based multi-regional less-than-truckload carrier said tonnage was down 6.2 percent from the prior year quarter as LTL shipments per workday were down 3 percent with a 3.4 percent decrease in weight per shipment.
On April 1, the company reduced executive compensation by 10 percent and cut wages 5 percent for hourly, linehaul and salaried employees in operations, maintenance and administration.
Saia Loses $1.7M | Journal of Commerce

UPS Delivers Poor Earnings
There are a couple of companies in this country that possess as much real time economic intelligence as any government agency. One is Walmart (WMT) and the others are UPS UPS) and FedEx (FDX). You can save yourself a lot of time researching economic trends if you just listen to what they say and what kind of numbers they post.
UPS Delivers Poor Earnings -- Seeking Alpha

ATA Economist: There Are Signs of Life in the Desert
It's been a steep downhill slide, the worst in decades, and recovery will be slow, but there are indications that we are approaching the bottom, says Bob Costello, chief economist for the American Trucking Associations.
"We are just starting to see signs of economic life," Costello said Thursday by way of introduction to a Web-based overview of the outlook for the economy and trucking in particular. "We think the economy is going to hit bottom here pretty soon, if we haven't already."
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Government, Industry Promote Voluntary Standards
Nearly 100 leaders from government and a wide range of industry and trade associations gathered Friday to address the importance of the U.S. voluntary standards system at a meeting hosted by The National Association of Manufacturers and the U.S. Department of Commerce's International Trade Administration.
At the event, the NAM and the Department of Commerce stressed the crucial role that the current voluntary system plays in America's ability to be globally competitive, and its importance in the creation of good jobs in technology sectors.
Government, Industry Promote Voluntary Standards | Journal of Commerce

UPS spent over $1.4M lobbying government in 2Q
UPS Inc., the world's largest shipping carrier, spent more than $1.4 million in the second quarter to lobby on Federal Aviation Administration reauthorization, aviation technology and safety, and competition issues, according to a recent disclosure form.
The Atlanta-based company also lobbied on renewable energy, trade agreements, health care reform and alternative fuel vehicles. UPS, also known as United Parcel Service, has been promoting efficient vehicles that protect the environment and save on fuel.
UPS spent more than $1.3 million lobbying the federal government in the first quarter and more than $5 million lobbying the federal government last year.
UPS spent over $1.4M lobbying government in 2Q - Yahoo! Finance


Dow...9,093.24 +23.95 +0.26%

Nasdaq...1,965.96 -7.64 -0.39%

S&P 500...979.26 +2.97 +0.30% Climbing that Wall of Worry and UP 45% since March 9 low.


CNW...41.26...+5.29...+14.71%
ABFS...26.36...+0.85...+3.33%
FDX...64.98...+0.74...+1.15%
HTLD...14.99...+0.14...+0.94%
JBHT...28.65...+0.22...+0.77%
YRCW...1.59...+0.00...+0.00%
KNX...16.83...-0.03...-0.18%
UPS...53.40...-0.11...-0.21%
LSTR...36.62...-0.13...-0.35%
SAIA...15.96...-0.26...-1.61%
ODFL...32.67...-1.08...-3.20%
VTNC...9.99...-0.34...-3.29%

FDX--
Jim Cramer's Portfolios of the Week | Stockpickr | Financial Articles & Investing News | TheStreet.com

UPS--
UPS Delivers Poor Earnings -- Seeking Alpha
The Complete Lowdown on Top Line Sales-Minyanville
UPS spent over $1.4M lobbying government in 2Q - Yahoo! Finance
3M Keeps Posting Profits (MMM)

CNW--
Quotes for CNW - Yahoo! Finance
Live Call: Con-Way Second Quarter 2009 Earnings Call - Yahoo! Finance
Con-way shares rise after 2Q profit tops forecasts - Yahoo! Finance
Movers roundup: Capital One, Con-way - Yahoo! Finance
Con-way Shares Roll on Profit Surprise | Earnings | Financial Articles & Investing News | TheStreet.com

SAIA--
Saia, Inc. Reports Second Quarter 2009 Results - Yahoo! Finance
US Earnings: Company Earnings Calendar - Yahoo! Finance
Summary of SAIA INC - Yahoo! Finance
Saia second-quarter yields $1.7M loss - Atlanta Business Chronicle:
Trucking company Saia posts 2Q loss - Yahoo! Finance
Earnings roundup: Saia, Netflix - Yahoo! Finance

VTNC--
Live Call: Vitran Corporation Earnings Conference Call (Q2 2009) - Yahoo! Finance
VTNC: Star Analysts for Vitran Corporation, Inc. - Yahoo! Finance
Summary of VITRAN CORP INC - Yahoo! Finance
BUY OR SELL-Will Canada's Vitran benefit from recovery? | Markets | Markets News | Reuters

ABFS--
Arkansas Best Corporation Declares a $0.15/Share Quarterly Dividend - Yahoo! Finance
Summary of ARKANSAS BEST CORP /DE/ - Yahoo! Finance

Dow Has Strongest Two Weeks Since 2000
The latest batch of earnings took a toll on the market Friday but the Dow still pulled off a gain in the final half hour of trading, capping its best two-week performance since 2000.
Still, gains in the Dow and S&P and minimal damage to the Nasdaq today showed the market's resiliency and ability to rotate into new leadership — healthcare and energy.
Dow Has Strongest Two Weeks Since 2000 - Market Overview * US * News * Story - CNBC.com

Beyond Dow 9,000: Pisani Sees New Bull Signs
Don't be fooled by the flat Dow and S&P Friday: The weak results from Microsoft and Amazon should have dropped the markets more — but today was a victory for the bulls.
New Signs Of A Broad Advance - Trader Talk with Bob Pisani - CNBC.com

Jobless Recovery Prospects Raise Worries
The notion of a jobless recovery is gaining traction among those who think the economy is finally getting back on its feet—but not enough to move the stock market.
Prospect of Jobless Recovery Is Making Investors Nervous - Markets * US * News * Story - CNBC.com

Ford Motors Passed Wall St. Expectations
It's becoming a habit at Ford.
Beating the street and forcing analysts to raise estimates for when the auto maker will get back in the black.
The second quarter numbers released today are further proof the country's #2car company will likely be turning a profit fairly soon.
Ford Motors Passed Wall St. Expectations - Behind the Wheel with Phil Lebeau - CNBC.com

GM Puts New Leaders in Place
Just two weeks after emerging from bankruptcy, GM has re-arranged its leaders and now finds itself with a full set of directors.
Those moves, along with the formation of an executive committee put in place the people who will try to lead GM back to profitability.
GM Puts New Leaders in Place - Behind the Wheel with Phil Lebeau - CNBC.com

Bears Miss The Obvious
Stocks take a breather early on, but show resiliency midday. Blame it on tech. Disappointment over tech earnings (Microsoft chiefly [MSFT 23.349 -2.211 (-8.65%) ]) is causing the NASDAQ to notably underperform the broader market in the first half of trading.
But the key for the bulls is for the market to show: 1) resiliency, and 2) rotation into other sectors.
Bears Miss The Obvious - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-13.html

 

[imported_River17]

Dow Ekes Out Gain, Led by Bank of America


FedEx National LTL Names New President
FedEx Corp. said it has named Mike Moss as president of FedEx National LTL, the parcel carrier’s long-haul less-than-truckload unit.
Moss replaces Bob Simons, who announced in April that he would retire. Moss took the position on June 1, FedEx said in a statement Friday.
FedEx National LTL Names New President | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Appeals court blocks FedEx class action
Appeals court upholds federal judge's decision to block FedEx class action lawsuit
A federal appeals court ruled Monday that a group of FedEx Corp. employees who claim the company failed to pay them for all hours worked cannot form a class action group.
A three-judge panel of the 11th Circuit Court of Appeals upheld a federal judge's decision to block the hourly employees from filing a class action lawsuit.
FedEx spokesman Sandra Munoz said the company was "delighted" by the ruling, and she cited the court's ruling that the company never directed employees to work off-the-clock.
Appeals court blocks FedEx class action - Yahoo! Finance

Global Trade Volume Dropped in May
Global trade volume fell by 1.3 percent in May, compared with April based on preliminary data, according to the CPB Netherlands Bureau for Economic Policy Analysis.
According to the report, world trade volume was down by 3.6 percent in March through May, compared with the preceding three months, December through February. The negative momentum in the three months through February was much bigger at negative 12.7 percent, however. Although no region has yet to show positive trade momentum, trade volume in Asia was close to stabilization, the report said.
Global Trade Volume Dropped in May | Journal of Commerce

Truck Tonnage Drops in June
Largest year-over-year decrease of current cycle
Truck tonnage dropped sharply in June after solid gains in May, according to the American Trucking Associations.
ATA’s advance seasonally adjusted For-Hire Truck Tonnage Index fell 2.4 percent from May to June. In May, tonnage jumped 3.2 percent. June’s decrease, which lowered the index to 99.8, wasn’t large enough to completely offset the robust gain in the previous month.
But compared with June 2008, tonnage fell 13.6 percent, a much harder fall than May’s 11 percent year-over-year drop. June’s contraction was the largest year-over-year decrease of the current cycle, exceeding the 13.2 percent drop in April.
Truck Tonnage Drops in June | Journal of Commerce

Pacer’s Sells Truck Operation
Buyer expects $30-$40 million of extra revenue from deal
Intermodal and logistics firm Pacer International, in a sharp change in some of its transport operations as it struggles with steep losses, will sell its heavy-haul Pacer Transport trucking business to Universal Truckload Services, the companies said Monday.
They did not disclose sale terms. Universal said acquiring certain assets of Pacer Transport will add $30 million to $40 million to the trucker’s revenue. That Pacer operation, Universal said, has 99 company trucks, 480 owner-operators and about 130 agents.
Pacer’s Sells Truck Operation | Journal of Commerce


Dow...9,108.51 +15.27 +0.17%

Nasdaq...1,967.89 +1.93 +0.10%

S&P 500...982.18 +2.92 +0.30%


KNX...18.49...+1.66...+9.86%
CNW...43.56...+2.30...+5.57%
ABFS...27.17...+0.81...+3.07%
FDX...66.59...+1.61...+2.48%
UPS...54.20...+0.80...+1.50%
ODFL...32.97...+0.22...+0.67%
HTLD...15.07...+0.08...+0.53%
VTNC...10.00...+0.00...+0.00%
LSTR...36.42...-0.19...-0.52%
JBHT...28.38...-0.32...-1.11%
YRCW...1.55...-0.05...-3.12%
SAIA...15.45...-0.52...-3.26%

FDX--
Small-Cap Stocks | Small-Cap Investing
EPA Recognizes FedEx Office for Leading Green Power Purchases In Print and Retail Industries - Yahoo! Finance
US court rejects appeal from FedEx workers | Markets | Markets News | Reuters
Appeals court blocks FedEx class action - Yahoo! Finance

UPS--
The Death of Snail Mail and Sunday Papers -- Seeking Alpha
Why China Won't Save the Day-Minyanville
23 UPS and UPS Freight Drivers Going to U.S. Championships - Yahoo! Finance

CNW--
Quotes for CNW - Yahoo! Finance
Stocks Finish Mixed, with Techs Lagging - BusinessWeek
Ahead of the Bell: Credit Suisse upgrades Con-way - Yahoo! Finance
Con-way Inc. Sends a Record 89 Drivers to National Truck Driving Championships - Yahoo! Finance

ODFL--
Quotes for ODFL - Yahoo! Finance

YRCW--
YRC Worldwide Schedules Second Quarter Earnings Call - Yahoo! Finance

Dow Ekes Out Gain, Led by Bank of America
Stocks eked out a gain Monday as banks got a boost from a jump in new-home sales.
Stocks had struggled for much of the day as investors worried about a a record $200 billion in Treasury auctions this week and lowered outlooks from Honeywell and Aetna cast a shadow over the market.
Dow Ekes Out Gain, Led by Bank of America - Market Overview * US * News * Story - CNBC.com

Art Cashin: When the NEXT Rally Will Start
The stock rally turned tepid Monday as earnings news receded and traders lost their initial enthusiasm over strong new-home sales.
Last week's rally was indeed concrete, Cashin said.
"The 2-week run was particularly impressive. You've got a Dow Theory buy signal; the market broke out to a higher high; it changed some of the charts."
But he added a sobering note: "We are heavily overbought now ...We may see a correction this week."
CNBC Stock Blog — Art Cashin — The Next Rally — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Toyota Eyes 2011 Launch of Hybrid Compact: Report
Japan's Toyota Motor plans to launch a hybrid compact for around 1.5 million yen ($15,760) in Japan in late 2011, broadening its hybrid car line-up, the Asahi newspaper reported on Tuesday.
Toyota Eyes 2011 Launch of Hybrid Compact: Report - Mergers and Acquisitions * Asia * News * Story - CNBC.com

Sign of the Times: Will Sell Homes for Food
More signs of the times we live in. Attached is an image CNBC producer Jeff Daniels snapped near the 710 Freeway in Los Angeles. He thought it was a well-dressed homeless man soliciting donations. When Jeff got closer, he realized it's a Century 21 realtor handing out business cards.
Sign of the Times: Will Sell Homes for Food - Funny Business with Jane Wells - CNBC.com

A Clunker or Just a Beater Due to be Cashed in?
With so many people holding onto their car or truck longer, it's only natural folks are asking if they have a car that qualifies for the Cash for Clunker program. The fact is, most of us will not qualify for the federal program which kicked off this weekend. That's primarily because of the restrictions Washington has placed on the program.
A Clunker or Just a Beater Due to be Cashed in? - Behind the Wheel with Phil Lebeau - CNBC.com

Testing This Market's Strength
Stocks move sideways in a test of recent market strength. Like Friday, stocks sold off mid-morning, but almost immediately began bouncing back. The major indices have broken into positive territory late in the day. Volume is light.
Testing This Market's Strength - Trader Talk with Bob Pisani - CNBC.com


Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-13.html

 

[imported_River17]

Dow Snaps Winning Streak; Citigroup Soars


FedEx Ground Celebrates Opening of New Toledo Distribution Hub
New $90 Million Facility Bolsters Economic Development in the Ohio Region
As part of an ongoing national expansion plan, today FedEx Ground, the small-package ground delivery unit of FedEx Corp., (NYSE: FDX - News), is celebrating the opening of a major distribution hub in Perrysburg Township, Ohio, replacing its existing Toledo operation. Joining the celebration of the more than $90 million facility is FedEx Ground president and CEO David F. Rebholz and FedEx Ground Central Division vice president Jim Primm.
The new 584,000 square-foot operation sits on 130 acres of land and is nearly five times the size of the original facility on Reynolds Road. It features advanced material-handling technology that will boost processing rates to 22,500 packages per hour on 15 miles of conveyor belts. With projected future expansion, the facility will have the capability of processing 45,000 packages per hour at full capacity.
FedEx Ground Celebrates Opening of New Toledo Distribution Hub - Yahoo! Finance

Paccar Profit Dives 92 Percent
Lower margins, plant shutdowns, reduced build rates slash earnings
Truck manufacturer Paccar earned $26.5 million in the second quarter compared to $313.5 million earned in the comparable period a year ago. The 92 percent dive was the result of lower gross margins, temporary plant shutdowns and reduced build rates, the company said. Second quarter net sales and financial services revenue added up to $1.85 billion compared to $4.11 billion in 2008.
Without a one-time pretax gain of $47.7 million, which offset an operating loss from the truck segment of $36.5 million, Paccar would have been in the red.
“These results reflect the impact of a recessionary economy on freight shipments and truck purchases worldwide,” said Mark C. Pigott, chairman and chief executive officer.
Paccar Profit Dives 92 Percent | Journal of Commerce

UPS Launches Mexico-U.S. Ground Shipping
Northbound service designed for less urgent shipments
UPS on July 13 launched ground service for small packages from Mexico to the United States.
Known as UPS Standard, the northbound-only service delivers packages to their final destinations within 3-to-7 days. Other benefits include a money-back guarantee, complete package visibility and free – often same-day – pick-up service.
UPS Launches Mexico-U.S. Ground Shipping | Journal of Commerce

Trucker Covenant Loses $3M
Trucker hauls less freight at lower rates with more accidents
Truckload carrier Covenant Transportation Group lost $3.1 million in the second quarter of 2009 as freight revenue fell 19.4 percent to $129.2 million.
"Our results for the quarter reflected continued weak freight demand, excess tractor and trailer capacity in the truckload industry, and significant rate pressure from customers,” said Chairman, President and CEO David R. Parker.
Trucker Covenant Loses $3M | Journal of Commerce

New Texas Laws Affecting Truckers Effective Sept. 1
The Texas Motor Transportation Association reports that the state's recent 81st Legislative Session resulted in a number of laws affecting the trucking industry.
The new regulations, which will go into effect Sept. 1, 2009, include:
* No use of cell phone communication devices while operating a motor vehicle within a school zone, unless the vehicle is stopped or the cell phone is hooked up to a hands-free device.
* Drivers will no longer have an exemption to idle while getting mandated rest.
* If a person uses a motor vehicle in an offense that involves the transportation, concealment or harboring of an alien, this person is disqualified from driving a commercial motor vehicle for life.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...9,096.72 -11.79 -0.13%

Nasdaq...1,975.51 +7.62 +0.39%

S&P 500...979.62 -2.56 -0.26%


SAIA...15.79...+0.34...+2.20%
YRCW...1.58...+0.03...+1.94%
HTLD...15.21...+0.11...+0.72%
VTNC...9.96...-0.04...-0.40%
ABFS...26.98...-0.19...-0.70%
LSTR...35.94...-0.48...-1.32%
UPS...53.48...-0.72...-1.33%
FDX...65.61...-0.98...-1.47%
CNW...42.85...-0.71...-1.63%
ODFL...32.29...-0.68...-2.06%
JBHT...27.76...-0.62...-2.19%
KNX...17.98...-0.51...-2.76%

FDX--
Albany Int’l Corp. closing Tenn. plant - The Business Review (Albany):
FedEx Ground Celebrates Opening of New Toledo Distribution Hub - Yahoo! Finance
FedEx says new Ohio hub will help distribution - Yahoo! Finance
Summary of FEDEX CORP - Yahoo! Finance

UPS--
Are Transportation ETFs Confirming a Bull Market? -- Seeking Alpha
UPS Launches Ground Shipping from Mexico to the U.S. - Yahoo! Finance
UPS begins UPS Standard in Mexico - Atlanta Business Chronicle:

SAIA--
Summary of SAIA INC - Yahoo! Finance


Dow Snaps Winning Streak; Citigroup Soars
Stocks ended slightly lower Tuesday, though the Nasdaq eked out a gain. And Citigroup shares soared.
Stocks had struggled for much of the day as a drop in consumer confidence and a fresh batch of disappointing earnings put a damper on recovery hopes.
Dow Snaps Winning Streak; Citigroup Soars - Market Overview * US * News * Story - CNBC.com

Pros Say: Recession Won't Have a Second Dip
The economy is unlikely to experience a double-dip recession, says Paul Mortimer Lee at BNP Paribas. “We’re bouncing up—some of it might be temporary—but a lot of it has to do with the housing," he said. "When the U.S housing market turns as it has, then typically the economy turns. But it will be quite difficult to make profits grow from here.”
CNBC Pros Say: Don’t Expect a W-Shaped Recession - CNBC Stock Blog - CNBC.com

Caruso-Cabrera: How I Qualified for a MHA Refi
Mine is a story of government intervention gone wrong, of well-meaning intentions unfulfilled.
You see, I qualified for President Obama's Making Home Affordable Program. You should find that absurd.
Here's the bottom line: This was supposed to be helping people in need.
Caruso-Cabrera: How I Qualified for a MHA Refi - Financials * US * News * Story - CNBC.com

Are Republicans the Economic Pessimists?
Are Republicans too pessimistic about the economy? I put this question to Sen. Jim DeMint (R., S.C.) this week, and it would be hard to describe his response as optimistic. The senator trash-talked Vice President Joe Biden’s recent defense of the stimulus in the New York Times, and he warned that any economic rebound will be short-lived because of the runaway spending-and-borrowing plans of the Obama administration.
Are Republicans the Economic Pessimists? - Money and Politics Blog - CNBC.com

Resiliency Rules Again
Again, the watchword for stocks is--RESILIENCY. For the fourth day in a row, the S&P 500 is coming off its lows for the day and moving toward the highs late in the day.
It's never smart to tell the market what it should be doing, but that concern is misplaced: the Case-Shiller home price numbers are potentially a game changer.
Resiliency Rules Again - Trader Talk with Bob Pisani - CNBC.com


Now you are up to speed and informed.

http://www.truckingboards.com/truck...ns-comments-stc-newsletter-13.html#post674922

 

[imported_River17]

Stocks End Lower Despite Late Comeback

World's Largest Truck Maker Loses $716 Million
Sales slump 56 percent for Freightliner parent Daimler Trucks
Daimler's truck business, the world's largest, swung to a second quarter loss of $716 million from an $857 million year-earlier profit on plunging global sales and restructuring costs in the United States and Japan.
Truck sales fell 56 percent to 54,134 units in the three months to June 30 from 122,809 units in the 2008 period, but Daimler said it boosted market share in nearly all its major sales regions.
Revenue from sales of Mercedes Benz, Freightliner, Western Star and Mitsubishi trucks shrunk 43 percent to just under $6 billion from $10.4 billion in the second quarter of 2008.
World's Largest Truck Maker Loses $716 Million | Journal of Commerce

Con-way Freight Named 2008 LTL Carrier of the Year by Whirlpool Corporation
Company Outperforms Competition, Receives Top Score for On-Time Performance and Outstanding Customer Service
Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc. (NYSE:CNW - News), today announced that it has been named 2008 LTL Carrier of the Year by Whirlpool Corporation. The award was presented at Whirlpool Corporation's annual carrier conference, which was held at the College Football Hall of Fame in South Bend, Ind.
Whirlpool Corporation measures its transportation providers' performance monthly on a range of criteria including on-time delivery, invoicing, claims incidence and problem resolution. Con-way Freight has provided LTL service to Whirlpool for eight years, serving its inbound transportation needs moving LTL freight from plants to production facilities
Con-way Freight Named 2008 LTL Carrier of the Year by Whirlpool Corporation - Yahoo! Finance

Navistar Increases Truck Prices $6,000 to $8,000 for 2010 Engines
Navistar said that its exhaust gas recirculation technology will increase International truck prices by up to $8,000 for the 2010 model year.
Depending on the specific engine model a truck uses, prices will be $6,000 or $8,000 higher due to compliance with the Environmental Protection Agency's emissions standards, which go into effect January 1.
Navistar Increases Truck Prices $6,000 to $8,000 for 2010 Engines | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Fed ‘Beige Book’ Says Decline is Slowing, Transportation Still Weak
The Federal Reserve said Wednesday that almost all Federal Reserve districts are seeing the pace economic recession slow down, but the transportation sector is still showing signs of weakness.
Freight transportation continues to remain below last year’s level in the Atlanta, Dallas and Cleveland districts the Fed said in its latest beige book survey, which it issues eight times a year, surveying its 12 regional districts.
Fed ‘Beige Book’ Says Decline is Slowing, Transportation Still Weak | Transport Topics Online | Trucking, Freight Transportation and Logistics News

House Votes to Replenish Highway Trust Fund
The House of Representatives voted to transfer $7 billion into the ailing Highway Trust Fund, a move leaders said was necessary to keep the fund solvent through the upcoming congressional recess.
House Votes to Replenish Highway Trust Fund | Transport Topics Online | Trucking, Freight Transportation and Logistics News


Dow...9,070.72 -26.00 -0.29%

Nasdaq...1,967.76 -7.75 -0.39%

S&P 500...975.15 -4.47 -0.46%


YRCW...1.66...+0.08...+5.06%
VTNC...10.04...+0.08...+0.80%
FDX...65.75...+0.14...+0.21%
CNW...42.90...+0.05...+0.12%
LSTR...35.69...-0.21...-0.58%
ODFL...32.07...-0.22...-0.68%
HTLD...15.10...-0.14...-0.92%
UPS...52.94...-0.54...-1.01%
JBHT...27.43...-0.29...-1.05%
KNX...17.73...-0.25...-1.39%
SAIA...15.56...-0.23...-1.46%
ABFS...26.25...-0.73...-2.71%

FDX--
Drink In These 5 Top Stocks (CVS, TEVA, UPS, WMI)

CNW--
Con-way Freight Named 2008 LTL Carrier of the Year by Whirlpool Corporation - Yahoo! Finance

VTNC--
VTNC: Income Statement for Vitran Corporation, Inc. - Yahoo! Finance

YRCW--
Major business events scheduled for Thursday - Yahoo! Finance


Stocks End Lower Despite Late Comeback
Stocks finished lower Wednesday despite a late comeback attempt after the Fed's beige book showed signs of improvement in regional economies.
Traders said given all the dismal news, stocks could've had it much worse but day traders are keeping stocks from any dramatic declines: They come in mid-morning and short the market aggressively, then cover by the end of the day.
Stocks End Lower Despite Late Comeback - Market Overview * US * News * Story - CNBC.com

Art Cashin: The 'Critical' Factor This Week
Weak durable goods numbers versus stronger home sales: which indicator should investors believe?
"We're getting kind of mixed signals," Cashin conceded.
But he cautions that even the positives should be taken with a grain of salt:
"There was all the hoopla over housing sales. But when you measure them against foreclosures, they're actually at a risk of slipping."
CNBC Stock Blog — Art Cashin: The 'Critical' Factor This Week — Investing, CNBC.com Market News - CNBC Stock Blog - CNBC.com

Recession Eases in Most Parts of US: Fed Beige Book
The economy is finally beginning to show signs of stabilizing in some regions of the country, bolstering hopes of a broader-based recovery this year.
A Federal Reserve snapshot of economic conditions issued Wednesday found that most of the Fed's 12 regions indicated either that the recession was easing or that economic activity had "begun to stabilize, albeit at a low level."
Recession Eases in Most Parts of US: Fed Beige Book - Economy * US * News * Story - CNBC.com

InTrade: Positive GDP in Q3?
It shows that the global pay-to-play prediction market is growing confident that Q3 GDP is headed into positive territory. In fact, this contract is up another 2 points today, and now reveals a 75 percent probability of a positive U.S. GDP number in Q3. Not bad. It's another positive economic sign from folks betting with real money.
InTrade: Positive GDP in Q3? - Money and Politics Blog - CNBC.com

How Do I Hate Stocks, Let Me Count The Ways
The stock market had every reason to drop today-and didn't.
It had to contend with:
How Do I Hate Stocks, Let Me Count The Ways - Trader Talk with Bob Pisani - CNBC.com


Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-13.html

 

[imported_River17]

Dow Logs Highest Close Since November

YRC Worldwide to Release Second Quarter Results
Analysts, industry watch for signs that may indicate ailing LTL giant's fate
As YRC Worldwide readies its second quarter results, analysts, investors and YRC’s competitors are eager to gauge whether the trucking giant will survive the recession and emerge a leaner, more competitive transportation player or fall into bankruptcy.
The Overland Park, Kan.-based company is expected to post another quarterly loss, following a $257.4 million loss in the first quarter and a cumulative $1.6 billion loss in 2007 and 2008.
The conference call will be available to listeners the YRC Worldwide Internet site yrcw.com. Recorded playback of the call will be available via yrcw.com.
YRC Worldwide to Release Second Quarter Results | Journal of Commerce

YRC Loses $309 Million
Revenue plunges 45 percent, Zollars says carrier positioned for 'future success'
YRC Worldwide, the country’s largest less-than-truckload carrier, lost $309 million in the quarter ending June 30 as shippers apparently abandoned the troubled company in large numbers, sending revenue down down 45 percent.
The company, which has struck deals in recent weeks with its lenders and the Teamsters union to reduce its costs and debt troubles, saw shipping at its national LTL business fall more than 37 percent and tonnage per day at its regional unit decline 26.4 percent compared to the last year’s second quarter.
YRC cut some $700 million from its operating expenses compared to last year’s second quarter, but its cash holdings fell by half from the end of 2008, to $164.5 million.
YRC Loses $309 Million | Journal of Commerce

NAFTA Trade Takes Record 35.4 Percent Dive
Steepest decline ever in trade using surface transportation
Trade using surface transportation between the United States, Canada and Mexico dropped 35.4 percent in May, the largest year-over-year decline on record for the North American Free Trade Agreement partners, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
In the eighth consecutive month of falling trade, imports from Canada and Mexico to the United States in May were down 38.1 percent from May 2008 while exports from the United States declined 32 percent.
U.S.–Mexico surface transportation trade totaled $18.6 billion in May, down 26 percent compared to May 2008. The value of imports carried by truck was 23.4 percent lower, while the value of exports carried by truck was 21.1 percent lower than in May a year ago.
NAFTA Trade Takes Record 35.4 Percent Dive | Journal of Commerce

European Truck Maker’s Profit Slides 95 Percent
Sales, orders slump with no turnaround in sight for MAN SE
MAN SE rounded off a miserable reporting season for Europe’s truck makers by unveiling a 95 percent plunge in second quarter net profit amid plummeting sales and orders.
The Munich-based truck and engineering group earned $30.8 million in the three months to June 30 against $618.8 million a year ago as sales slumped 20 percent to $4.3 billion.
The truck division booked a first half operating profit, however, of $25.2 million thanks to the contribution of MAN Latin America, the Volkswagen truck and bus operation in Brazil which MAN acquired for around $2 billion in March.
European Truck Maker’s Profit Slides 95 Percent | Journal of Commerce

House Approves $7 Billion for Highway Trust Fund
Senate to take up effort to keep trust fund solvent as fuel tax receipts dry up
The House of Representatives voted to inject $7 billion into the Highway Trust Fund. The House approved a measure July 29 to keep the fund solvent through Sept. 30, the end of the fiscal year and the expiration date for the current surface transportation law.
The House approved the bill in 363 to 68 vote. The Senate may vote on a similar measure to temporarily shore up the trust fund, which feeds $40 billion a year to the states to maintain highways and bridges, before its August recess begins.
House Approves $7 Billion for Highway Trust Fund | Journal of Commerce

FedEx Ground Plans Largest Rooftop Solar Power System in U.S.
FedEx Ground, the small-package shipping unit of FedEx Corp., today announced plans to install the nation’s largest rooftop solar-electric system at its distribution hub in Woodbridge, N.J.
The solar power project is the third between a FedEx operating company and BP Solar and the fifth solar power project for FedEx. The 2.42 megawatt solar power system will cover approximately 3.3 acres of rooftop space with approximately 12,400 solar panels
FedEx Ground Plans Largest Rooftop Solar Power System in U.S. - Yahoo! Finance


Dow...9,154.46 +83.74 +0.92%

Nasdaq...1,984.30 +16.54 +0.84%

S&P 500...986.75 +11.60 +1.19%


SAIA...16.21...+0.65...+4.18%
CNW...44.02...+1.12...+2.61%
ODFL...32.87...+0.80...+2.49%
FDX...67.38...+1.63...+2.48%
LSTR...36.38...+0.66...+1.85%
YRCW...1.69...+0.03...+1.81%
JBHT...27.78...+0.39...+1.42%
UPS...53.62...+0.68...+1.28%
HTLD...15.24...+0.14...+0.93%
ABFS...26.25...+0.00...+0.00%
KNX...17.72...-0.01...-0.06%
VTNC...9.78...-0.27...-2.69%

FDX--
4 Transport Stocks That Really Deliver
FedEx Ground Plans Largest Rooftop Solar Power System in U.S. - Yahoo! Finance
Health Care's Real Problem Isn't About Capitalism at SmartMoney.com
Get Ready to Buy

UPS--
4 Transport Stocks That Really Deliver

CNW--
4 Transport Stocks That Really Deliver

SAIA--
Summary of SAIA INC - Yahoo! Finance

YRCW--
YRC Worldwide to Release Second Quarter Results | Journal of Commerce
YRC Loses $309 Million | Journal of Commerce
Ahead of the Bell: YRC Worldwide to post 2Q - Yahoo! Finance
YRC Worldwide Reports Second Quarter 2009 Results - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
YRC Swings to $309 Million Loss - WSJ.com
YRC Worldwide posts huge 2Q loss as customers flee - Yahoo! Finance
YRC posts loss, gets debt deal; stock slides - Yahoo! Finance
YRC Swings to Loss as Sales Fall - WSJ.com

Dow Logs Highest Close Since November
Stocks rallied Thursday, logging the highest close since November, despite a late-afternoon pullback.
The Dow maintained a strong rally until mid-afternoon following solid corporate earnings reports and a drop in the number of Americans on jobless benefits before paring gains 30 minutes before the closing bell.
It was the highest close for the Dow and S&P since November, and for the Nasdaq, since October.
Dow Logs Highest Close Since November - Market Overview * US * News * Story - CNBC.com

GDP Is Expected to Fall Again, But 'The Nosedive Is Over'
Friday's GDP report is expected to show the economy shrank further in the second quarter, but many economists believe the data will also signal that the recession has finally hit bottom.
"The nosedive is over," says economist David Jones of DMJ Advisors. "Nevertheless, you come out of this looking past the second quarter with a very uneven recovery picture."
GDP Expected to Fall Again, But 'The Nosedive Is Over' - Economy * US * News * Story - CNBC.com

Obama: Get-Together Is for a Beer, Not a 'Summit'
With mugs of beer and a few minutes of conversation, President Barack Obama tried to pull himself and the nation beyond an uproar over race, sitting on his big back lawn with the black professor and the white policeman whose dispute had ignited a week of fierce debate.
Obama: Get-Together Is for a Beer, Not a 'Summit' - Politics and Government * US * News * Story - CNBC.com

Unemployment Is Fueling Foreclosures Across the US
Cities in the U.S. Sun Belt states of California, Florida, Nevada and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread, RealtyTrac said on Thursday.
Metro areas with populations of at least 200,000 in those four states accounted for 35 of the 50 highest foreclosure rates.
Unemployment Spreads Distress in US Home Loans - Real Estate * US * News * Story - CNBC.com

Edmunds.com "Cash for Clunkers" Calculator
Does the Cash for Clunkers program make sense for you? Use this calculator from edmunds.com:
Car Allowance Rebate System (C.A.R.S.) Eligibility Tool
Use this tool to quickly determine:
Edmunds.com "Cash for Clunkers" Calculator - On the Money - Latest Posts - CNBC.com

Financial Advisors Under Fire
The debate over leveraged and inverse ETFs has been getting a bit heated recently. Here is the worry: federal regulators are concerned that financial advisors are not adequately explaining to the public what these ETFs do--and don't do.
Financial advisors are now concerned they may have left themselves open to potential lawsuits. Several have already decided not to offer them, and all of them will be tightening their language.
Financial Advisors Under Fire - Trader Talk with Bob Pisani - CNBC.com


Now you are up to speed and informed.
http://www.truckingboards.com/truck...ns-comments-stc-newsletter-13.html#post676256

 

[imported_River17]

Stocks Rise Nearly 1% for Week; Ford Gains

WEEKEND EDITION

YRC Cash Down to Three Months, Say Analysts
Transportation industry analysts said Friday trucking company YRC Worldwide may run out of cash in as little as three months after posting a $309 million net loss in the second quarter.
Investment firm J.P. Morgan estimated YRC went through some $57 million in cash in the three months ending June 30, but the firm said in a report that the cash loss on operations was closer to $120 million when gains from sales of assets are removed.
“Our sense is that (YRC) has enough liquidity to survive for three months or a little more, but it will soon need to show a meaningful reduction in the pace of cash burn,” J.P. Morgan equities analyst Thomas R. Wadewitz wrote in a report to investors.
YRC Cash Down to Three Months, Say Analysts | Journal of Commerce

Mullen Group Profit Falls 10 Percent
Western Canada freight demand declines along with oilfield services
Canadian trucking and oilfield services company the Mullen Group earned a profit of $17.8 million on revenue of $202.7 million in the second quarter.
Profit came in 10.6 percent lower than in the comparable quarter a year ago as business fell off in the oilfield services segment as well as the trucking and logistics segment.
The oilfield services segment brought in lower revenue, too, due to a significant year-over-year reduction in oil and natural gas drilling activity in western Canada. Lower activity in the Alberta oilsands led to postponement of new infrastructure projects while lower commodity prices and restricted credit markets delayed the build out of ongoing projects.
Mullen Group Profit Falls 10 Percent | Journal of Commerce

Peterbilt marks 70th anniversary
It was 70 years ago when T.A. Peterman, after producing trucks to meet the needs of his lumber business in Tacoma, Wash., began to sell his trucks to the public. That venture grew into Peterbilt Motors, which this week celebrated its 70th anniversary.
This year also marks a milestone – the 60th anniversary – for the company’s dealer network. Since Coast Counties Truck and Equipment in San Jose, Calif., began selling Peterbilts in 1949, the network has grown to 247 locations in North America.
Peterbilt marks 70th anniversary - eTrucker

P.A.M. Reports $2.4 Million Second-Quarter Loss

Truckload carrier P.A.M. Transportation Services reported a second-quarter loss of $2.4 million, or 25 cents per share, compared with a loss of $1.3 million, or 14 cents, a year ago.
“As has been noted by seemingly everyone in the industry, general economic conditions are weak, capacity is readily available, and shippers have commitments to existing carriers that they wisely choose to respect,” President Daniel Cushman said in the statement.
P.A.M. Reports $2.4 Million Second-Quarter Loss | Transport Topics Online | Trucking, Freight Transportation and Logistics News

GDP Decline Slows to 1 Percent
Government spending increased, slowdown in private investment eased
The decline in gross domestic product slowed dramatically in the second quarter, giving hope the recession may indeed be coming to an end.
The government measure of the nation’s output of goods and services decreased at an annual rate of 1 percent in the second quarter, easing from the 6.4 percent dive, revised from 5.5 percent, in the first quarter, according to the "advance" estimate released July 31 by the U.S. Bureau of Economic Analysis.
GDP Decline Slows to 1 Percent | Journal of Commerce


............The 'Bests' of This July
Dow...9,171.61 +17.15 +0.19% ......Dow up 8.6 percent .......Best month since Oct. 2002

Nasdaq...1,978.50 -5.80 -0.29% ....NASDAQ up 7.8 percent ....Best since April 2009

S&P 500...987.48 +0.73 +0.07%.....S&P 500 up 7.4 percent.....Best since April 2009

Oil...69.50 +2.56 +3.82%

Gold...954.50 +19.60 +2.10%


SAIA...18.14...+1.92...+11.84%
VTNC...10.65...+0.87...+8.90%
ABFS...28.48...+2.22...+8.45%
ODFL...35.64...+2.77...+8.43%
CNW...45.55...+1.53...+3.48%
KNX...18.14...+0.42...+2.37%
HTLD...15.40...+0.16...+1.05%
LSTR...36.74...+0.37...+1.01%
JBHT...27.99...+0.21...+0.76%
FDX...67.84...+0.46...+0.68%
UPS...53.73...+0.11...+0.21%
YRCW...1.41...-0.28...-16.57%

FDX--
Labor Law Debate Closely Watched | Transportation | Financial Articles & Investing News | TheStreet.com
You Are Right to Own This Stock
In Pictures: Billionaire Heirs Gone Wild - Paris Hilton - Forbes.com
Billionaire Heirs Gone Wild - Forbes.com

YRCW--
YRC Worldwide loses $309M in second quarter; revenue falls $1B - Kansas City Business Journal:
Summary of YRC WORLDWIDE INC - Yahoo! Finance
YRC shares plunge after hefty 2Q loss - Yahoo! Finance
Summary of YRC WORLDWIDE INC - Yahoo! Finance
Las Vegas Sands, Disney, UBS, Ford are big movers - Yahoo! Finance
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Stocks Rise Nearly 1% for Week; Ford Gains
The Dow pulled off a modest gain Friday, capping a rocky week — and month.
Stocks had been positive for much of the day after a GDP surprise and encouraging reading on manufacturing, but it got a little crazy in the final half hour of trading, with the Dow threatening to tip into negative territory.
Stocks Rise Nearly 1% for Week; Ford Gains - Market Overview * US * News * Story - CNBC.com

Art Cashin: Stock Market Facing a 1929 Bounce
The US GDP shrunk at a slower-than-expected pace in the second quarter. What does it mean for the stock markets?
The market may temper optimism over the economy by analyzing "subsets" of the total GDP number, Cashin said: "How much of it had to do with fewer imports, for instance."
He fears that, despite the rally, the market could still return to its previous doldrums:
CNBC Stock Blog — Art Cashin: Market Facing 1929 Bounce — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

House Adds $2 Billion to Cash for Clunkers Program
The House approved on Friday a $2 billion extension of the "Cash-for-Clunkers" automobile sales incentive program.
The Democratic proposal would run through Sept. 30, 2010, and tap funds from an Energy Department loan guarantee program included in the economic stimulus package enacted in February.
House Votes to Add $2 Billion To Cash-for-Clunkers Program - Automotive * US * News * Story - CNBC.com

It’s a New Bull Market: Resilient Capitalism Pushes Back Against Obama
Let’s call this what it is: A new bull market in stocks has emerged from the ashes of the financial meltdown and the deep recession that followed.
And it’s signaling the onset of economic recovery.
Free-market capitalism is more durable, resilient, and self-correcting than its detractors would have us believe.
It’s a New Bull Market: Resilient Capitalism Pushes Back Against Obama - Money and Politics Blog - CNBC.com

The 'Bests' of This July
The Dollar weakness is becoming a big story, with the Dollar Index at the lowest level since September 2008. Good for commodities and commodity stocks, not good for U.S. foreign relations.
The 'Bests' of This July - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-13.html

 

[imported_River17]

S&P Closes Above 1,000 Amid Economic Hopes

Freight Index Slips 0.5 Percent
But year-over-year 15.3 percent drop in Cass index is best in 11 months
A closely watched index of industrial shipping in the United States fell back slightly in July from the month before, Cass Information Systems announced Monday, amid growing signs that the year-long decline in freight shipping has bottomed out.
The Cass index for freight expenditures also signaled industrial shippers are maintaining their shipment activity, albeit at low levels.
Freight Index Slips 0.5 Percent | Journal of Commerce

Manufacturing Index Jumps 4.1 Points
ISM's measure reaches highest point in 12 months as production, new orders grow
The Institute of Supply Management's manufacturing index jumped 4.1 percentage points in July to its highest point in a year and accelerating figures in the closely watched report suggest manufacturers are setting the stage for future growth.
The report released Monday showed the main PMI index of manufacturing activity at 48.9 percent, still below the 50 percent mark that signals growth but also the seventh straight month-to-month increase in the index since it reached its low point of 32.9 in December. The increase from June to July was the largest monthly gain in that time.
Manufacturing Index Jumps 4.1 Points | Journal of Commerce

Landstar, NLM Receive Top 100 3PL Status
Landstar System, a non-asset based provider of integrated supply chain solutions, and newly-acquired National Logistics Management, have been honored as Top 100 3PLs by Inbound Logistics. The award marks the fifth time NLM has been recognized and Landstar's seventh time around. Landstar ranked ninth in the overall list.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Daimler Training Dealers on Finance, Insurance Sales
Daimler Truck Financial said Monday it is providing heavy- and medium-duty truck dealers with a training program on selling finance and insurance products to its customers.
Daimler Training Dealers on Finance, Insurance Sales | Transport Topics Online | Trucking, Freight Transportation and Logistics News


Dow...9,286.56 +114.95 +1.25%

Nasdaq...2,008.61 +30.11 +1.52%

S&P 500...1,002.63 +15.15 +1.53% UP 50% and 336 points since the March 6 intraday low of 666.


YRCW...1.51...+0.11...+7.86%
JBHT...29.01...+1.06...+3.79%
ODFL...36.81...+1.18...+3.31%
CNW...46.94...+1.39...+3.05%
SAIA...18.58...+0.52...+2.88%
LSTR...37.52...+0.84...+2.29%
VTNC...11.03...+0.23...+2.13%
FDX...68.94...+1.10...+1.62%
HTLD...15.62...+0.22...+1.43%
UPS...54.38...+0.65...+1.21%
KNX...18.34...+0.20...+1.10%
ABFS...28.64...+0.16...+0.56%

FDX--
Cellular South could take Memphis’ PGA event title sponsorship - Memphis Business Journal:
Privatization may solve the USPS's money problems - Aug. 3, 2009

UPS--
Privatization may solve the USPS's money problems - Aug. 3, 2009

CNW--
Con-way Truckload Recognizes Second Quarter Drivers of the Month - Yahoo! Finance

S&P Closes Above 1,000 Amid Economic Hopes
Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program.
The S&P 500 gained 1.5 percent to close at 1,002.63, the first time the S&P has closed above 1,000 since Nov. 5. The number is not only psychologically important but also technically: It puts the index up 50 percent from its March 6 low of 666.
S&P Closes Above 1,000 Amid Economic Hopes - Market Overview * US * News * Story - CNBC.com

Toyota Posts First-Quarter Loss, Lifts Cautious Forecast
Toyota Motor reported its third straight quarterly loss but lifted its bearish forecast to call for a smaller loss this year as deep cost reductions help make up for some of the slump in global vehicle sales.
Toyota Posts First-Quarter Loss, Lifts Cautious Forecast - Earnings * Asia * News * Story - CNBC.com

With S&P Over 1000, How Much Higher Can It Go?
S&P 500 BREAKS ABOVE 1000
Bullish reports on manufacturing, housing and banking sent the S&P 500 [.SPX 1002.63 15.15 (+1.53%) ] barreling higher; taking it past 1,000 for the first time since early November.
S&P 500 Breaks Above 1,000 - Word on the Street - CNBC.com

Ford Posts First Positive Sales in 2 Years
Credit Cash for Clunkers with giving Ford [F 8.33 0.33 (+4.13%) ] the boost needed to post its first positive monthly sales in 2 years.
The Federal rebate program spurred customers to go into showrooms and trade in their gas guzzler for a more fuel efficient Ford model. Funny how $4,500 from Uncle Sam can make people want to buy a new ride.
Ford Posts First Positive Sales in 2 Years - Behind the Wheel with Phil Lebeau - CNBC.com

This New Bull Market Is No Clunker
The new bull market continues to rally today, with stocks surging across-the-board.
This powerful summer rally adds to the early March rally, and it provides powerful new proof that we are in a genuine new bull market.
My thesis remains that free-market capitalism is more resilient and flexible than its detractors think.
This New Bull Market Is No Clunker - Money and Politics Blog - CNBC.com

Better Signs For The Economy
Economy: better signs. Markets driven by stronger economic news and commentary from banks and autos.
Finally, an important level: 1000 in the SPX is only a round number, which usually has an emotional but not technical importance, but in this case there is also a technical component: it makes it an official 50 percent rally off the 666 March 6th low.
Better Signs For The Economy - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.

http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-14.html

 

[imported_River17]

Stocks Gain; S&P Holds Above 1,000

New Penn Introduces New Guaranteed Levels of Precision
-- Options Include Time-Specific Guaranteed Delivery by 9 a.m., Noon, 3:30 p.m. or Hour-Specific
YRC Worldwide Inc. announced today that New Penn, one of its regional operating companies, will introduce a new and improved suite of guaranteed service offerings featuring superior reliability and value. All guaranteed service shipments are backed by the New Penn no-hassle guarantee to be complete and on-time or the invoice will automatically be reduced to zero dollars with no need for the customer to file a claim.
One of the primary enhancements is a new guaranteed by 9 a.m. service that provides customers with a level of morning precision that is typically found only with air freight or dedicated delivery carriers.
New Penn Introduces New Guaranteed Levels of Precision - Yahoo! Finance

Trucker's 'Inattention' Blamed for Oklahoma Crash
No evidence 76-year-old truck driver braked before collision, killing 10
A 76-year-old truck driver was not paying attention when he slammed into six other vehicles on an Oklahoma highway, killing 10 people, the Oklahoma Highway Patrol said.
Although no charges have been filed, the trucker, Donald L. Creed, could face multiple negligent homicide charges.
The accident could raise demands for truck-driver age limits, similar to those for airline pilots, or for more strenuous physical tests for older drivers.
http://www.joc.com/node/412733

Oil Pulls Consumer Prices Down
Prices drop 0.1 percent in 30-nation OECD region
Inflation remains well under control in the 30-nations that belong to the Organization for Economic Cooperation and Development, the Paris-based research organization said Tuesday.
Consumer prices in the OECD nations, which include North America, Japan, South Korea and most of Europe, fell by 0.1 percent in the six months ending June 2009, compared with a rise of 0.1 percent from January through May. Month-on-month, prices rose by 0.4 percent in June, compared with 0.2 percent in May 2009. The OECD said that much of the recent trend in inflation has been driven by volatility in oil prices, which reached record highs during the summer of 2008. That makes it very difficult to make meaningful comparisons between inflation rates.
http://www.joc.com/node/412730

Wabash Completes $35 Million Capital Infusion
Trailer maker Wabash National Corp. said it has completed a $35 million investment in the company by a private equity firm.
The cash infusion was made by Trailer Investments LLC, an entity formed by equity firm Lincolnshire Equity Fund III L.P., a fund managed by Lincolnshire Management Inc., Wabash said Monday.
Wabash Completes $35 Million Capital Infusion | Transport Topics Online | Trucking, Freight Transportation and Logistics News


Dow...9,320.19 +33.63 +0.36%

Nasdaq...2,011.31 +2.70 +0.13%

S&P 500...1,005.65 +3.02 +0.30%


YRCW...1.98...+0.47...+31.13%
JBHT...29.31...+0.30...+1.03%
ODFL...36.95...+0.14...+0.38%
SAIA...18.64...+0.06...+0.32%
HTLD...15.65...+0.03...+0.19%
LSTR...37.45...-0.07...-0.19%
KNX...18.29...-0.05...-0.27%
UPS...54.08...-0.30...-0.55%
FDX...68.44...-0.50...-0.73%
ABFS...28.05...-0.59...-2.06%
CNW...45.97....-0.97...-2.07%
VTNC...10.78...-0.25...-2.27%

FDX--
Le Bonheur Children's and FedEx Corporation Break Ground on the FedExFamilyHouse - Yahoo! Finance

CNW--
China Wind Power International Corp. Completes $27.3 Million Financing and Amalgamation with Berkshire Griffin Inc. - Yahoo! Finance
Obama's Reagan Fixation Doesn't Add Up - Barrons.com

SAIA--
SAIA: Income Statement for Saia, Inc. - Yahoo! Finance

ABFS--
20 'Babies with Bathwater' and 20 'Dogs with Fleas' for the Week -- Seeking Alpha

YRCW--
New Penn Introduces New Guaranteed Levels of Precision - Yahoo! Finance

Stocks Gain; S&P Holds Above 1,000
Stocks eked out modest gains in the final minutes of trading Tuesday, a lackluster session as investors took a breather and did a little profit-taking after Monday's blockbuster rally.
Pending-home sales jumped 3.6 percent in June, blowing past expectations for a 0.6-percent increase. It was the fifth straight monthly gain and the longest such streak in six years.
Stocks Gain; S&P Holds Above 1,000 - Market Overview * US * News * Story - CNBC.com

Pullback is Coming — So Wait to Buy: Strategists
The economy is going to show growth in the third and fourth quarters, said Tommy Williams, president of Williams Financial Advisors and Janet Engels, director of private client research at RBC Dain Rauscher.
“This has to be a bear-market rally,” Williams told CNBC.
“But it’s a great rally and the earnings are looking good. Rally is a rally, but I don’t think we’re out of the woods yet.”
Williams said investors need to have a sell discipline and that "buy and hold" is a dead philosophy. He told investors to prepare for some pullback.
Engels agreed that it's a bear-market rally, but said it has further to go based on economic and earnings numbers.
CNBC Stock Blog — Market Pullback is Coming — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

Cash for Clunkers: Is It Worth Guzzling All That Cash?
The Senate is readying an extension of the so-called Cash for Clunkers program, potentially providing more consumers with another chance to cash in on the popular government program.
The program's nickname conjures up images of rusty old cars bumping along the road, but it is a misnomer. It would be better if it were called "Cash for Guzzlers."
Is It Worth Guzzling That 'Clunker' Cash? - Consumer Nation - CNBC.com

Kilduff: Get Ready for $100 Oil
Crude oil prices re-took the $70 per barrel level, yesterday, and they are poised to climb further. In fact, prices are likely to hit the $100 mark before year-end. Economic and geopolitical factors are at work, once again, to produce a return to triple-digit oil.
Kilduff: Get Ready for $100 Oil - CNBC Guest Blog - CNBC.com

A Taurus That's Not a Bunch of Bull
I can still remember the day a few years ago when Alan Mulally, recently installed as the Ford spacer CEO, told me his company was changing the name of the Ford 500 to Taurus. Along a few slight styling tweaks, the idea was to bring the Taurus name back and stoke some recognition with buyers who were writing off the blue oval.
A Taurus That's Not a Bunch of Bull - Behind the Wheel with Phil Lebeau - CNBC.com

We May Now Have a Game Changer
Deja vu: on the surface, today's trading looks a lot like the markets a week or so ago-but things have changed since then.
Recall that at the beginning of last week, stocks had just completed a big, two week rally that took the S&P 500 up 11 percent-in two weeks!
We May Now Have a Game Changer - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-14.html

 

[imported_River17]

Stocks End Lower; S&P Holds Above 1,000

FedEx Expands Freight Forwarding Presence Globally
FedEx Trade Networks, a subsidiary of FedEx Corp. (NYSE: FDX - News) and growing international ocean and air freight forwarder, today announced its expanded global presence with new freight forwarding offices in Asia and Latin America.
In Asia, the facilities are located in Singapore, Taiwan, and in Qingdao, Beijing, Guangzhou and Shenzhen, China. These new offices support the company’s international air freight forwarding operations and provide comprehensive coverage in key Asia-Pacific trade lanes. In Latin America, the company opened an air and ocean forwarding office in São Paulo, Brazil.
FedEx Expands Freight Forwarding Presence Globally - Yahoo! Finance

YRC Teamsters Near Deadline for Ballots
But separate contracts at some subsidiaries will require an additional vote
A top Teamsters union official stressed that all employees of YRC Worldwide will share “equal sacrifice” if proposed wage and benefit cuts are approved this week.
Teamsters at YRC, Holland and New Penn will decide the fate of the wage and benefit package as early as tomorrow — ballots had to be in Lanham, Md., by Aug. 6.
“We are hoping the vote count will be finished by the end of the day,” a Teamsters spokesman said.
However, a separate vote will be required for union workers at some YRC subsidiaries, a step not expected to slow the plan significantly if it is approved Aug. 6.
YRC Teamsters Near Deadline for Ballots | Journal of Commerce

Averitt Expands Truckload Network
Carrier adds terminals in Michigan, Pennsylvania
Averitt Express recently added facilities in Kalamazoo, Mich., and Harrisburg, Pa., to position more trucks in the areas and speed response to local demand for truckload services.
"Michigan and Pennsylvania are important markets for many of our customers, and this expansion is critical to meeting their demand for truckload services into and out of both states," said Phil Pierce, Averitt's executive vice president of sales and marketing.
Averitt Expands Truckload Network | Journal of Commerce

APL, Con-way Take Day-Definite LCL to Mexico
OceanGuaranteed service expands beyond U.S., Canada
APL Logistics and Con-way Freight are extending to Mexico their OceanGuaranteed service for less-than-containerload cargo from Asia.
The companies said that this is biggest expansion in the three-year-old program, which offers day-definite deliveries for LCL cargo. By combining ocean and truck transportation they deliver cargo to a customer’s store door in all major metropolitan markets in Mexico.
OceanGuaranteed, which started in 2006 as a China-to-U.S. service and expanded last year into Canada, is now connected for the first time to every major North American market.
APL, Con-way Take Day-Definite LCL to Mexico | Journal of Commerce

Controversy Flares Over STB Nomination
Senate panel approves Elliott, but vows hold on nomination over union influence
An angry flare-up over a union influence claim led the Senate Commerce, Science and Transportation Committee to both approve Daniel R. Elliott III’s nomination to head the Surface Transportation Board and to put a “hold” on it.
Chairman Jay Rockefeller, D-W.Va., denounced a claim by the United Transportation Union of leveraging influence with the Obama administration from its political affairs committee for the appointments of Elliott at STB and Joseph Szabo to head the Federal Railroad Administration.
Controversy Flares Over STB Nomination | Journal of Commerce

Factory Orders Climb 0.4 Percent in June
Fourth increase in orders as shipments turn up first time in 10 months
New orders for manufactured goods in the United States increased by 0.4 percent to $349 billion in June, the fourth such increase in the last five months, the U.S. Census Bureau reported Wednesday.
Excluding transportation, new orders increased by 2.3 percent in June. However, growth in new orders for manufactured goods slower than the 1.1 percent increase recorded in May.
New orders for manufactured durable goods decreased 2.2 percent in June to $159.1 billion, following two consecutive monthly increases, including a drop of 1.3 percent in May. However, new orders for manufactured nondurable goods increased 2.7 percent to $190 billion. This increase was led by petroleum and coal products, which increased 13.2 percent to $37.1 billion. This was the largest monthly increase in petroleum and coal products since November 2007.
Factory Orders Climb 0.4 Percent in June | Journal of Commerce

Court Approves Flying J-Pilot Merger
A bankruptcy court has approved Flying J's request to merge with Pilot Travel Centers, according to reports by NATSO, the truckstop and travel group.
Under the agreement, Flying J will dismiss antitrust litigation against Pilot, while Pilot must agree to accept Flying J's TCH cards at locations owned by Pilot or leased and managed by Pilot, with the exception of its convenience stores.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...9,280.97 -39.22 -0.42%

Nasdaq...1,993.05 -18.26 -0.91%

S&P 500...1,002.72 -2.93 -0.29%


YRCW...2.07...+0.09...+4.55%
VTNC...11.18...+0.40...+3.71%
UPS...53.68...-0.40...-0.74%
SAIA...18.34...-0.30...-1.61%
ODFL...36.00...-0.95...-2.57%
LSTR...36.78...-0.67...-1.79%
KNX...18.21...-0.08...-0.44%
JBHT...28.80...-0.51...-1.74%
HTLD...15.32...-0.33...-2.11%
FDX...67.38...-1.06...-1.55%
CNW...45.37...-0.60...-1.31%
ABFS...27.18...-0.87...-3.10%

FDX--
FedEx Expands Freight Forwarding Presence Globally - Yahoo! Finance
Did You Miss the Best Week to Buy Stocks?
U.S. Postal Service loses $2.4 bln in quarter | Markets | Markets News | Reuters
As YRC Struggles, Rivals Stalk Clients - WSJ.com
FedEx Expands Forwarding in Asia, Latin America | Journal of Commerce

UPS-
Today's Outrage: More Layoffs Are Coming | Opinion | Financial Articles & Investing News | TheStreet.com

CNW--
IBM Defends Its Big Iron - BusinessWeek
OceanGuaranteed, First Day-Definite Container Service, Expands to Mexico - Yahoo! Finance

ABFS--
OceanGuaranteed, First Day-Definite Container Service, Expands to Mexico - Yahoo! Finance

YRCW--
As YRC Struggles, Rivals Stalk Clients - WSJ.com

Stocks End Lower; S&P Holds Above 1,000
Stocks ended lower Wednesday, despite a late attempt at a recovery, as disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G, fueled concerns about the economic recovery.
Stocks End Lower; S&P Holds Above 1,000 - Market Overview * US * News * Story - CNBC.com

Cisco Wary on Recovery, but Earnings Beat Forecasts
Cisco Systems Chief Executive John Chambers said it was too soon to call a recovery and forecast another drop in quarterly revenue, sending its shares 3 percent lower.
Cisco Earnings - Cisco Wary on Recovery, but Earnings Beat Forecasts - Companies * US * News * Story - CNBC.com

CEO Chambers: Cisco's Outlook Is Strong
John Chambers, CEO of Cisco Systems, says the quarter is about as good as it could have been and he's optimistic about growth. CNBC's Martin Soong, Jim Goldman and Sri Jegarajah join in the conversation.
Video - CNBC.com

Art Cashin: The 'Ultimate' S&P Target Now
The stock markets hiccupped Wednesday as weakness in service jobs dampened enthusiasm about the "cash for clunkers" program.
"It's been remarkable in that [the market] rallies, pauses — and then re-rallies again," Cashin said.
"We have not had much of a pullback, so even the 'soon-to-be bulls' looking for an entry point have been denied that. That's given extra life to the rally."
"We are clearly overbought here. The S&P is up against some very serious resistance, from 1,007 to up about 1,020. And obviously, the ultimate: 1,050."
CNBC Stock Blog — Art Cashin: The 'Ultimate' S&P Target Now — CNBC.com Investing and Market News - CNBC Stock Blog - CNBC.com

Secrets Of The Super-Rich: How Are They Investing?
They say the rich aren’t like you and me. Well guess what? They’re not investing like we are, either.
The high net worth are:
1. Cautious and not chasing the rally
2. Heavy into fixed income, only moving some into equities
3. Not ready to trust the system enough to dive in with both feet.
It’s ironic. The wealthy could probably afford to be a little more aggressive in this market. We mean, losing a million or two on a wrong-way bet wouldn’t seem like a big deal to these folks.
Secrets Of The Super-Rich: How Are They Investing? - Rapid Recap - CNBC.com

A Vote for the Clunkers
As a free-market capitalist who does not believe in artificial spending and pump-priming from Uncle Sam, I’m going to eat a little crow with the following statement: At this moment in history, if we’re going to use fiscal stimulus as Washington insists, I favor extending the cash-for-clunkers car-rebate program.
With the greatest respect for my conservative friends and colleagues who totally disagree with me, here’s why.
Kudlow: A Vote for the Clunkers - Money and Politics Blog - CNBC.com

Job Losses-What Numbers Can You Trust?
Are job losses greater than those being reported?
TrimTabs, in a press release this morning, are estimating the U.S. economy lost 488,000 jobs in July, more than the estimate of 328,000 jobs lost.
The nonfarm payroll report will be released on Friday.
Job Losses-What Numbers Can You Trust? - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-14.html

 

[imported_River17]

Stocks Fall Amid Jobs Jitters; S&P Below 1,000

Rivals taking advantage of YRC's troubles - WSJ
Clients of troubled trucker YRC Worldwide Inc (YRCW.O) are being approached by its rivals, who are highlighting its financial problems and trying to undercut its prices, the Wall Street Journal reported.
The paper, citing letters and documents, said FedEx Corp (FDX.N) sent a pamphlet to some YRC customers in the past few months suggesting that they move their business to FedEx.
Estes Express Lines, another rival, has distributed talking points to its salespeople and told them to send the message that "companies in trouble never give customers a heads-up that they are near the end," the paper said.
Rivals taking advantage of YRC's troubles - WSJ | Markets | Markets News | Reuters

DHL Pays $9.4 Million for Export Violation
U.S. alleged more than 300 barred shipments to Iran, Sudan, Syria
DHL agreed to pay $9.4 million to settle allegations it violated U.S. export controls for shipments to Iran, Sudan and Syria, the government said Thursday.
Export regulators alleged the express carrier violated Office of Foreign Asset Controls regulations between August 2002 and March 2007, making more than 300 shipments to Iran and Sudan. Regulations bar shipments for most goods under Iran transaction and Sudan sanction regulations.
DHL Pays $9.4 Million for Export Violation | Journal of Commerce

Quality Distribution Posts Big Loss on Charges
Bulk carrier writes down value of fixed assets; net loss is $186.2 million
Bulk carrier Quality Distribution posted a net loss of $186.2 million in the second quarter, primarily due to impairment charges and a related tax allowance.
Revenue excluding fuel surcharge of $137.9 million was down 23% for the second quarter of 2009, compared to the second quarter of 2008, due to a soft market, the Tampa, Fla.-based company said. "Sequentially, revenue was flat and is slightly increasing thus far in the third quarter,” said CEO Gary Enzor.
Quality Distribution Posts Big Loss on Charges | Journal of Commerce

Pacer Lost $7.3 Million
Intermodal operation loses $5.7 million on 31 percent decline in business sales
Intermodal shipping firm Pacer International lost $7.3 million in the April-June quarter, down from a $22.9 million profit a year earlier, as revenue fell 27 percent to $377 million.
Income from its core rail service offerings, a domestic intermodal oriented operation that also serves the North American automobile industry with shipments into and out of Mexican auto factories, lost $5.7 million compared with a gain of $31.6 million in the 2008 quarter.
Pacer Lost $7.3 Million | Journal of Commerce

Daimler announces 2010 surcharges
Daimler Trucks North America today, Aug. 6, announced pricing for meeting U.S. Environmental Protection Agency 2010 standards with its Detroit Diesel BlueTec or Cummins mid-range engine emissions technologies.
Emissions technology surcharges for vehicles equipped with Detroit Diesel DD15 and DD16 big bore engines, as well as the medium bore DD13, will be $9,000 per vehicle. A surcharge of $7,300 will be added to vehicles equipped with the Cummins ISC8.3 engine, and a $6,700 surcharge will be added to the price of vehicles equipped with Cummins ISB6.7 engines.
Customers evaluating BlueTec-equipped 2010 test engines report up to a 5 percent increase in mpg, said Mark Lampert, senior vice president of sales for Daimler Trucks North America. “We feel strongly that providing our customers with payback in the form of significant improvement in fuel economy is of fundamental importance and an appropriate return on their investment in 2010 technology.”
Daimler announces 2010 surcharges - eTrucker

Kenworth Showcases Trucks to Midwest Customers
During a recent one-day event in Wisconsin, Kenworth showcased its on-highway and vocational trucks equipped with Cummins 2010-compliant engines and diesel-electric hybrid trucks to about 175 customers.
The Clear Choice event, held at the Wilderness Resort in Wisconsin Dells, was meant to educate customers on Kenworth's new T470 model and other new technologies. It also covered 2010 Cummins engines and selective catalytic reduction technology, Eaton's role in Kenworth diesel-electric hybrid trucks, and diesel exhaust fluid and its distribution.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Texting Top Driver Distraction, New Va. Tech Study Finds
Truckers who text from the driver’s seat are about 23 times more likely to have a crash, or at least a close encounter, than are drivers who are watching the road, according to a Virginia university study for the Federal Motor Carrier Safety Administration.
Conducted by the Virginia Tech Transportation Institute, the study revealed that texting was, by a wide margin, the most hazardous driver distraction.
Texting Top Driver Distraction, New Va. Tech Study Finds | Transport Topics Online | Trucking, Freight Transportation and Logistics News


Dow...9,256.26 -24.71 -0.27%

Nasdaq...1,973.16 -19.89 -1.00%

S&P 500...997.08 -5.64 -0.56%


ABFS...27.00...-0.18...-0.66%
JBHT...28.56...-0.21...-0.73%
CNW...45.02...-0.35...-0.77%
UPS...53.24...-0.44...-0.82%
KNX...18.00...-0.21...-1.15%
VTNC...11.05...-0.13...-1.16%
HTLD...15.14...-0.18...-1.17%
FDX...66.37...-1.01...-1.50%
LSTR...36.18...-0.62...-1.68%
ODFL...35.24...-0.76...-2.11%
SAIA...17.63...-0.69...-3.77%
YRCW...1.80...-0.27...-13.04%

FDX--
Postmaster General to Ask to Cut Saturday Service - FOXBusiness.com
As YRC Struggles, Rivals Stalk Clients - WSJ.com
Alibaba.com Plans U.S. Push - WSJ.com

UPS--
http://secure2.thestreet.com/cap/lo...estreet.com/p/_yahoo/rmoney/etf/10566079.html

CNW--
Summary of CON-WAY INC. - Yahoo! Finance

YRCW--
Rivals taking advantage of YRC's troubles - WSJ | Markets | Markets News | Reuters

Stocks Fall Amid Jobs Jitters; S&P Below 1,000
Stocks fell for a second straight session Thursday as tech stocks dragged after Cisco's tepid outlook and investors remained jittery ahead of tomorrow's jobs report.
In today's economic news, initial claims for unemployment benefits fell by 38,000 last week, much more than expected. The total number of people on unemployment benefits continued to rise, indicating that new layoffs are tapering off but job creation hasn't started to pick up yet.
Stocks Extend Losing Streak as Techs Drag - Market Overview * US * News * Story - CNBC.com

Senate Clears $2 Billion Autos 'Clunkers' Extension
The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the "cash for clunkers" autos sales incentive program.
The measure, approved by 60 to 37, extends the surprisingly successful program that has raised sales of the U.S. auto industry.
Senate Clears $2 Billion Autos 'Clunkers' Extension - Automotive * US * News * Story - CNBC.com

Why the Economic Recovery May Be Different This Time
This is not your father's recession.
If domestic spending has been the engine of US economic growth in the past few decades, then the coming recovery — and the job creation that comes with it — won't be a smooth ride.
Much like the American auto industry, the broader economy is undergoing a sea change.
"The concern is that the magnitude of the downturn was so great and the structural issues so significant that you wouldn't look for a normal recovery,"
Why the Economic Recovery May Be Different This Time - Economy * US * News * Story - CNBC.com

Pros Say: If S&P Breaks 1,017 — It'll Keep Rising
There's a little bit of worry about this current rally with respect to whether it is built on solid foundations, said Clive Lambert of FutureTechs. He is "pretty bullish on this market" and sees the S&P 500 gaining further if it breaks above 1,017.
CNBC Pros Say: S&P to Further Gain if it Breaks 1,017 — CNBC.com Market News - CNBC Stock Blog - CNBC.com

'New Bull Market' Here, but Recovery to Be Slow: Cohen
Stocks are in a "new bull market" and its main benchmark, the S&P 500, should rise from the current 1000 to the 1050-to 1100 range by the end of the year, widely followed market guru Abby Joseph Cohen told CNBC.
“We do think that the new bull market has begun—it may prove that it started in March of this year,” Cohen said in a live interview. “We’ve talked about the staircase pattern of recovery in an equity market. Even if this is a new bull market, don’t expect it to look like a V—expect it to look like a series of upward steps.”
Stocks in 'New Bull Market,' But Climb Will Be Slow: Cohen - Economy * US * News * Story - CNBC.com

Don't Know What STD Means? It's no LOL Matter
Does your company have its own Twitter feed? And a fan club on Facebook? Do you now have an individual concentrating 40 to 60 hours a week on evolving your company’s social media strategy? If the answer is yes to any one of those questions, then you are, my dear executive, current with technology.
Don't Know What STD Means? It's no LOL Matter - Executive Careers - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...ns-comments-stc-newsletter-14.html#post681085

 

[imported_River17]

Stocks Rally for a Fourth Straight Week

WEEKEND EDITION

YRC Teamsters Ratify Wage, Benefit Plan
Teamsters at YRC, Holland approve pact, but New Penn workers say 'no'
Teamsters at two of YRC Worldwide's largest subsidiaries approved wage and benefit concessions that will provide immediate economic relief for the nation's largest less-than-truckload operator.
Union members at national LTL carrier YRC and regional carrier Holland voted 58.5 to 41.5 in favor of the package, which cuts their wages by 15 percent and suspends pension contributions for 18 months, saving the company more than $1 billion over the life of the National Master Freight Agreement, which expires in 2013.
“Now YRCW, banks and other stakeholders have to step up and do their part to ensure the company’s long-term survival,” said Teamsters General President James P. Hoffa. “Do the banks want the fate of 35,000 YRCW workers, hundreds of thousands of retirees, and hundreds of thousands of other workers to be their responsibility if they do not significantly rework YRCW’s loan facilities?”
YRC Teamsters Ratify Wage, Benefit Plan | Journal of Commerce

Spot Freight Availability Index Surges 33 Percent
Volume outstrips normal seasonal gains for second consecutive month
The volume of freight available for truckers surged 33 percent in June, far outstripping the normal seasonal increase of up to 12 percent, according to TransCore’s Freight Index. June was the second consecutive month of extraordinary seasonal growth, following a 20 percent increase in spot freight availability from April to May, TransCore said.
Spot Freight Availability Index Surges 33 Percent | Journal of Commerce

Frozen Food Express Loses $5.2 Million
Reefer trucking volume, rates plummet in tough economy
Frozen Food Express Industries lost $5.2 million in the second quarter as the company struggled with lower volume and freight rates. The loss followed a $6.1 million loss in the first quarter. The temperature-controlled truckload and less-than-truckload carrier earned a profit of $274,000 in the second quarter of 2008.
"As we report our second quarter ended June 30, 2009 the U.S. economy remains in a severe recession and we continue to face adverse economic pressures,” said Stoney M. ("Mit") Stubbs, president and CEO. “We continue to experience significant revenue and profit challenges in the current environment. While our results reflect these revenue and profit challenges, we continue to take steps to reduce our cost structure while focusing on initiatives to incrementally increase volume and margins."
Frozen Food Express Loses $5.2 Million | Journal of Commerce

Obama Signs Highway Trust Fund Bill
Leaky trust fund will get $7 billion infusion from general treasury
President Obama signed a bill that shifts $7 billion from the general treasury to the Highway Trust Fund, ensuring the fund will remain viable through the end of the government's fiscal year Sept. 30.
The Highway Trust Fund, which distributes $40 billion a year to states for road and bridge projects, faced a cash shortfall as fuel tax receipts dwindle and was in danger of going broke this month, according to the administration
Obama Signs Highway Trust Fund Bill | Journal of Commerce

Trucking jobs dip again in July
Payroll employment among for-hire trucking companies in July dropped 0.5 percent from June levels and 9.2 percent from July 2008 on a seasonally adjusted basis, according to preliminary figures released by the U.S. Department of Labor’s Bureau of Labor Statistics.
Seasonally adjusted trucking employment peaked in January 2007 at more than 1.45 million, according to BLS figures. Since then, for-hire trucking companies have shed 191,500 jobs, or 13.2 percent.
Trucking jobs dip again in July - eTrucker


Dow...9,370.07 +113.81 +1.23%

Nasdaq...2,000.25 +27.09 +1.37%

S&P 500...1,010.48 +13.40 +1.34%

Oil...70.57 -1.37 -1.90%

Gold...955.00 -5.70 -0.59%


YRCW...2.25...+0.45...+25.00%
ABFS...28.86...+1.86...+6.89%
JBHT...30.25...+1.72...+6.03%
CNW...47.26...+2.24...+4.98%
ODFL...36.82...+1.58...+4.48%
SAIA...18.34...+0.76...+4.32%
HTLD...15.75...+0.61...+4.03%
LSTR...37.50...+1.30...+3.59%
FDX...67.86...+1.49...+2.24%
KNX...18.34...+0.34...+1.89%
UPS...54.11...+0.87...+1.63%
VTNC...11.10...+0.05...+0.45%

FDX--
J2 Global Competes Against All Odds

UPS--
J2 Global Competes Against All Odds
China's Innovation Advantage - Forbes.com
Summary of UNITED PARCEL SERVICE INC - Yahoo! Finance

ABFS--
Transport Stocks Shine Amid Recovery Hopes - FOXBusiness.com

YRCW--
YRC union workers vote to accept concessions - Kansas City Business Journal:
YRC Teamsters Ratify Wage, Benefit Plan | Journal of Commerce
AIG Shares Surge 20% After Reporting First Profits in Almost 2 Years - Yahoo! Finance
Teamsters Ratification of Contract Changes Moves YRC Worldwide Comprehensive Plan Forward - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
Union workers at YRC Worldwide OK more wage cuts - Yahoo! Finance


Stocks Rally for a Fourth Straight Week
Stocks rallied Friday, bringing their winning streak to four straight weeks, after the latest employment numbers showed signs of a stabilizing job market.
The Dow Jones Industrial Average gained 114 points, or 1.2 percent. The Nasdaq and S&P 500 each gained more than 1.4 percent, pushing the S&P back above the 1,000 mark and the Nasdaq above 2,000.
The jobs report showed 247,000 jobs were cut from nonfarm payrolls last month, less than the 320,000 expected, and the prior two months were revised to show 43,000 fewer jobs were lost from payrolls than first reported. The unemployment rate held at 9.4 percent.
Stocks Rally for a Fourth Straight Week - Market Overview * US * News * Story - CNBC.com

Art Cashin: The 'Accelerated Selling' Scenario
U.S. employers cut far fewer jobs than had been expected, the Labor Department said Friday. What's it mean for stocks?
The jobs report seemed to look good, Cashin conceded.
"But sustainability is my concern. I think the market will be happy with [the report], but we've got some important resistance to get through here."
Has S&P resistance moved up on the seemingly brighter jobs picture? Cashin believes not.
"You can punch through, but there's further resistance up at 1015, 1019."
CNBC Stock Blog — Art Cashin: The Accelerated Selling S&P Scenario — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Top Clunker Trade-Ins and Upgrades
The Consumer Assistance to Recycle and Save Act (CARS), or Cash for Clunkers program, allows US residents to get a $3,500 or $4,500 credit toward the purchase of a new, more fuel efficient vehicle when trading in their existing vehicle.
Top Clunker Trade-Ins and Upgrades - Slideshows - CNBC.com

Clunkers Complainers Come Out
Ever since Washington first signed off on Cash for Clunkers, I've heard a steady chant of criticism about the program.
Some hate it because it's coming from the Obama administration. Some because foreign auto makers are benefiting from the program. And others think it's ridiculous to take old cars off the road that could be of value in the used and parts market.
Clunkers Complainers Come Out - Behind the Wheel with Phil Lebeau - CNBC.com

A Bottom For The Dollar
We are seeing something today we haven't seen in a while: the dollar is strong, but commodities and commodity stocks are flat or up.
Since commodities are dollar denominated, strength in the dollar is normally negative. The fact that stocks are up today on dollar strength may be an indication that the market now realizes that a globally strengthening economy, with the U.S. leading, is a positive for BOTH the dollar and the stock market.
A Bottom For The Dollar - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-14.html

 

[imported_River17]

Stocks End Lower Amid Profit-Taking


FedEx Expands International Economy Services
Express carrier expands deferred services after sharp drop in international shipping
FedEx Express, lining up its global services to meet increasingly cost-conscious shipping, announced new deferred international services Monday for its small parcel and freight delivery services.
The expanded options will include FedEx International Economy service from more than 90 countries and territories and International Economy Freight service from more than 50 countries and territories.
Both are door-to-door, customs-cleared, services and FedEx said they will come with what the called competitive rates and delivery in two to five business days.
FedEx Expands International Economy Services | Journal of Commerce

YRC Signs $81 Million Facility Sale, Lease Agreement
Sales of excess property, leaseback deals to raise nearly $500 million in 2009
YRC Worldwide will sell $81 million in property to NorthAmerican Terminals Management, leasing back certain facilities, the company said Aug. 7.
The sale-leaseback agreement followed Teamster ratification of the company’s wage and benefits reduction plan, which will save the embattled trucker more than $800 million by the end of 2010 and more than a billion dollars by 2013.
The nation’s largest industrial trucking operator has been selling and leasing back property to raise the cash it needs to meet liquidity covenants. Its banking group has revised those covenants several times this year alone.
YRC Signs $81 Million Facility Sale, Lease Agreement | Journal of Commerce

Calderón Presses Obama on Cross-border Trucking
Mexican president presses NAFTA issue at North American Leaders Summit
The United States is commited to resolving a festering cross-border trucking dispute with Mexico, President Barack Obama told Mexican President Felipe Calderón at the North American Leaders' Summit in Guadelajara, Mexico, the Bloomberg news service reports.
Trucking was one of several issues raised at the summit, which focused on Mexico's drug war, the economy and health and energy issues.
While it's not high on Washington's agenda, cross-border trucking is a hot topic in Mexico, which imposed $2.4 billion in retaliatory tariffs when Congress canceled a Bush-era pilot project that gave a select group of Mexican carriers access to U.S. highways beyond the border commercial zone.
Calderón Presses Obama on Cross-border Trucking | Journal of Commerce

Maersk to Stop Making Ships, Sell Shipyards
Unprofitable business closing when contracted orders filled
A.P. Moller-Maersk said Monday it will stop making ships in its money-losing Odense Steel Shipyard in Denmark, which it said has played a “special role” in the company’s history.
The company, which owns Maersk Line and extensive oil and gas production facilities in the North Sea and elsewhere, said it will also put up for sale the Lithuanian Baltija Shipyard, which it will no longer need after the closure of the Odense yard.
The closing of the Odense Shipyard is the first tangible sign that the Danish shipping giant is taking steps to follow through with the new strategy articulated by Moller-Maersk’s chief executive, Nils Andersen, that the company will henceforth invest only in profitable enterprises.
It said the increased competition has come from “the expansion of shipyard capacity in low cost countries in the Far East and most recently with China’s determined endeavors of becoming the world’s largest shipbuilding nation.”
Maersk to Stop Making Ships, Sell Shipyards | Journal of Commerce

FTR Associates: Don't Get Excited Yet
While the freight market has been showing signs of marginal improvement over the last couple months, the industry will most likely find stable waters ahead, as actual growth will not occur for some time, said Noel Perry, managing director and senior consultant at FTR Associates. The company presented its Commercial Vehicle Truck and Trailer Outlook and Update during a webinar Friday.
The bad news? According to FTR's research, there are about 300,000 heavy-duty units that are either parked or under-utilized, an indicator that the industry has some way to go before things get better. These under-utilized units are those that are active but are not being filled to capacity. Of these 300,000, 90 percent are trailers, 60 percent of which are under-utilized and 40 percent of which are parked.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...9,337.95 -32.12 -0.34%

Nasdaq...1,992.24 -8.01 -0.40%

S&P 500...1,007.10 -3.38 -0.33%


YRCW...2.68...+0.42...+18.58%
SAIA...18.47...+0.13...+0.71%
JBHT...30.25...+0.08...+0.27%
VTNC...11.12...-0.01...-0.09%
LSTR...37.44...-0.04...-0.11%
KNX...18.21...-0.13...-0.71%
UPS...53.72...-0.39...-0.72%
HTLD...15.60...-0.13...-0.83%
FDX...67.12...-0.74...-1.09%
ODFL...36.26...-0.46...-1.25%
ABFS...28.21...-0.58...-2.01%
CNW...46.03...-1.23...-2.60%

FDX--
FedEx Expands International Economy Services | Journal of Commerce
Transports On the Move - CNBC By The Numbers - CNBC.com
FedEx Expands International Economy Services - Yahoo! Finance
5 Stocks That Just Won't Quit

YRCW--
YRC Signs $81 Million Facility Sale, Lease Agreement | Journal of Commerce
Early Market Movers: Tibco,  Novavax - FOXBusiness.com
YRC shares rally after Teamsters Ratify Pay Cut - FOXBusiness.com
Stock Picks: YRCW Up; M Down at SmartMoney.com
Summary of YRC WORLDWIDE INC - Yahoo! Finance

Stocks End Lower Amid Profit-Taking
Stocks retreated Monday as investors took a breather after a four-week rally, capped by a better-than-expected jobs report on Friday. After climbing for four straight weeks, major indexes are trading around their highest levels since November, when the meltdown began, so market pros said it's only natural that stocks were due for a pullback.
US Stock Market: Stocks End Lower Amid Profit-Taking - Market Overview * US * News * Story - CNBC.com

Art Cashin: Don't Trust Spike Rallies
Stocks slipped Monday after the four-week market rally — though losses were pared back in intra-day trade. As optimistic voices grow louder, what's next?
"Friday's rally caught a lot of people off-base" — including so-called "experts," Cashin conceded.
He touched on last week's jobs number, which was less bad than had been expected, precursing the rally.
CNBC Stock Blog — Art Cashin: Don't Trust Spike Rallies — CNBC.com Investing, Market News - CNBC Stock Blog - CNBC.com

Pros Say: Expect 5-7% Market Pullback — Then Growth
“Pullback will come, and you’ll get another 5 to 7 percent,” said David Sowerby of Loomis Sayles. “In the last month, investor sentiment had gone from being unusually bearish, which is a good contrarian tailwind for the market, to now just mediocre,” he explained. However, expect more growth after the correction in the long-term because we’ve only recovered about 38 percent of the original bear-market decline, he said.
CNBC Pros Say: Expect 5-7% Market Pullback, Then Growth — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

Pace of Sales Under 'Clunker' Program Has Slowed: GM
Demand for the 'Cash for Clunkers' program has slowed down since the government extended funding for the program, but the auto industry is still improving, General Motor's CEO Fritz Henderson told CNBC Monday.
Robert Lutz, GM's vice chairman of product development, also told CNBC Monday that the slowdown does not represent the end of people taking advantage of the program.
Pace of Sales Under 'Clunker' Program Has Slowed: GM's Henderson - Automotive * US * News * Story - CNBC.com

EBay, GM Set to Start Car-Selling Trial Tuesday
Hundreds of General Motors' California dealers will let consumers haggle over the prices of new cars and trucks through the eBay online marketplace under a trial that begins Tuesday.
The trial is part of Detroit-based General Motor's turnaround plan, making more official a practice some of its dealers had already participated in on their own. It expands an existing partnership covering GM certified used vehicles sold through eBay.
EBay, GM Set to Start Car-Selling Trial Tuesday - Companies * US * News * Story - CNBC.com

Profit Taking Rules the Day
The broad gains in cyclicals last week is reversing today, due to obvious profit taking: homebuilders down about 3 percent, retail down 2 to 3 percent, Transports down 1 percent, commodity stocks down 2 percent, industrials down 1 to 2 percent.
Profit Taking Rules the Day - Trader Talk with Bob Pisani - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...ns-comments-stc-newsletter-14.html#post685082

 

[imported_River17]

Stocks Slide 1% as Banks Drag; CIT Skids

Fixing the Mail: Neither Snow nor Rain nor Red Ink?
The U.S. Postal Service, long beset by financial woes, has recently felt the pinch even more acutely. On Aug. 5, the agency reported a $2.4 billion loss for its most recent quarter, a gush of red ink that is expected to total some $7.1 billion for the fiscal year, which ends Sept. 30. The Government Accountability Office recently placed the Postal Service on its "high risk" list as "an organization vulnerable to fraud, waste, abuse, and mismanagement," needing broad reforms.
"The Postal Service needs to get out a blank sheet of paper and think about a new business model," says Steve Goodrich, president of the Center for Organizational Excellence, a consulting firm in Washington, D.C.
Fixing the Mail: Neither Snow nor Rain nor Red Ink? - Yahoo! Finance

Con-way Freight Launches Global LTL(TM)
Simplified Presentation of the Company's Worldwide Services Will Ease Selection Process for Shippers and Deliver Seamless, End-to-End Shipping
Con-way Freight, a less-than-truckload (LTL) carrier and subsidiary of Con-way Inc. (NYSE:CNW - News), today announced the launch of Global LTLTM -- a comprehensive portfolio of the company's worldwide LTL services. The new offering was created to help customers understand and benefit from the breadth of Con-way Freight's global services. Full details on Global LTL are now available at Con-way: Global LTL.
"Con-way Freight's goal is to create the most comprehensive worldwide LTL service offering on the market," added Labrie. "We will continue to explore opportunities to establish or expand our presence to bring customers the end-to-end solutions their shipping requirements dictate."
Con-way Freight Launches Global LTL(TM) - Yahoo! Finance

Diesel Jumps 7.5 Cents to $2.625 per Gallon
Expectation of recovery pumps up price of oil, gas, diesel
The average price of a gallon of diesel fuel jumped 7.5 cents last week to $2.625 per gallon, according to the U.S. Energy Information Administration.
The surge coincides with a steady climb in gasoline prices, and both fuels follow a push upward in crude oil prices as the market ponders the effects of an economic recovery. Gasoline prices increased every day since July 21 to hit an average of $2.645 per gallon on Monday, according to a daily survey by the American Automobile Association. Crude oil closed Friday at $70.93 per barrel on the New York Mercantile Exchange, up more than $11 since July 10. Although supplies are currently high and demand is low, an economic recovery could change that and make oil worth considerably more.
Diesel Jumps 7.5 Cents to $2.625 per Gallon | Journal of Commerce

DOE Raises Diesel Price Forecast for 2010
Lowers Outlook Slightly for Crude Oil, Gasoline
The Department of Energy held its diesel price forecast for 2009 steady at $2.46 a gallon, but bumped its projection for next year by a nickel from a previous forecast.
Trucking’s main fuel will average $2.84 in 2010, DOE said in its monthly short-term energy outlook released Tuesday — up slightly from the $2.79 it forecast last month.
DOE Raises Diesel Price Forecast for 2010 | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Celadon's Profit Falls for 4Q, Year
Truckload carrier Celadon Group said Tuesday its fourth-quarter income fell to $167,000, or 1 cent per share, from $2.2 million, or 10 cents, a year ago.
In the fiscal year, income was $2.6 million, or 12 cents a share, compared with $6.5 million, or 29 cents, a year ago.
The carrier saw “more than a seasonal pickup in shipments progressively through the June quarter,” Chief Executive Officer Steve Russel said.
Celadon's Profit Falls for 4Q, Year | Transport Topics Online | Trucking, Freight Transportation and Logistics News

ArvinMeritor to Invest in Brazil
Following the announcement that it will shed its wheels business, ArvinMeritor has announced plans to invest up to $10 million for its commercial vehicle business in Brazil. The move is an effort to expand into new product segments and new manufacturing technology such as advanced gear-making.
"Our growth strategy involves bringing new products and technology to South America," said Chip McClure, chairman, CEO and president. "With the right products and a dedicated and talented workforce, ArvinMeritor will continue to be a strong commercial vehicle supplier in Brazil and across the continent."
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...9,241.45 -96.50 -1.03%

Nasdaq...1,969.73 -22.51 -1.13%

S&P 500...994.35 -12.75 -1.27%


SAIA...18.99...+0.52...+2.82%
ABFS...28.92...+0.71...+2.52%
ODFL...36.99...+0.73...+2.01%
JBHT...30.48...+0.23...+0.76%
LSTR...37.68...+0.15...+0.40%
UPS...53.66...-0.06...-0.11%
CNW...45.96...-0.07...-0.15%
KNX...18.07...-0.14...-0.77%
HTLD...15.41...-0.20...-1.28%
VTNC...10.90...-0.18...-1.62%
FDX...65.97...-1.15...-1.71%
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FDX--
When Companies Short Their Own Securities -- Seeking Alpha
Fixing the Mail: Neither Snow nor Rain nor Red Ink? - Yahoo! Finance

CNW--
Con-way Freight Launches Global LTL(TM) - Yahoo! Finance

ODFL--
The Technical Indicator: S&P 500 hesitates at major resistance - MarketWatch

YRCW--
Stocks Fall as Market Eyes Fed - BusinessWeek

Stocks Slide 1% as Banks Drag; CIT Skids
Stocks continued to slide Tuesday as bank stocks dragged on the broader market following a weak prognosis from a well-known banking analyst.
This came after stocks shed 0.3 percent on Monday amid profit-taking after a four-week rally that sent the Dow up 15 percent. Investors are taking a wait-and-see approach this week, which brings the Fed meeting, a $75 billion round of Treasury auctions and reports on retail sales, retail earnings and consumer prices.
Stocks Slide 1% as Banks Drag; CIT Skids - Market Overview * US * News * Story - CNBC.com

Chevy Volt Claims 230 Miles per Gallon in the City
General Motors said Tuesday its Chevrolet Volt rechargeable electric car should get 230 miles per gallon of gasoline in city driving, more than four times the mileage of the current champion, the Toyota Prius.
The Volt is powered by an electric motor and a battery pack with a 40-mile range. After that, a small internal combustion engine kicks in to generate electricity for a total range of 300 miles. The battery pack can be recharged from a standard home outlet.
GM's Jolt?  Chevy Volt to Get 230 Miles Per Gallon - Automotive * US * News * Story - CNBC.com

Muscle Cars Ripe for Collectors
Whether current market and political pressures will ultimately succeed in eliminating powerful American pickups, SUVs and V-8-powered cars from showrooms and roadways entirely or just significantly shrink their number, enthusiasts could soon find their high-horsepower American vehicles of choice relegated to car museums and collectors' garages.
Today's Muscle Cars Ripe for Collectors - Slideshows - CNBC.com

Google Provides Peek Into New Search Engine
Google has lifted the lid on a new version of its search engine, allowing users to look at the results it will generate.
The new engine, available at a separate address, looks the same as the current one but ranks results differently, which could affect businesses who rely on Google results to drive traffic.
In a blog posting late Monday, Google says the new engine, code-named "Caffeine," will be faster, more accurate and more comprehensive.
Google Provides Peek Into New Search Engine - Internet * Technology * News * Story - CNBC.com

Market-Driven Optimism
There’s a lot of talk right now about big government saving America, either from a second Great Depression (according to economist Paul Krugman) or from a health-care meltdown (according to President Obama).
Well, I don’t think big government saves us from anything.
At the end of the day, it is economic freedom, market competition, and free enterprise that remain the great engines of American growth.
Market-Driven Optimism - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
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