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Stocks Snap Losing Streak; Big Banks Rally
Saia to Announce Third Quarter 2009 Results on October 23, 2009
Saia, Inc., a multi-regional trucking transportation company, today announced that it will release its third quarter 2009 results before the market opens on Friday, October 23, 2009. Saia management will host a conference call to discuss the results that morning at 11:00 a.m. Eastern Time.
To participate in the call, please dial 1-877-558-9192 with conference ID #34026406. Callers should dial in five to ten minutes in advance of the conference call. This call will be webcast live via the company web site at Saia Inc. LTL Carrier. A replay of the call will be available two hours after the completion of the call through October 30, 2009. The replay will be available by dialing 1-800-642-1687 or 706-645-9291.
Saia to Announce Third Quarter 2009 Results on October 23, 2009 - Yahoo! Finance
YRC Worldwide Advances Functional Organization Structure with Leadership Changes
Company continues to implement comprehensive plan, with focus on customer service, sales and finance
YRC Worldwide (Nasdaq: YRCW - News), today announced the appointment of a chief operating officer and subsequent changes to its senior leadership alignment. The modifications are an advancement of the functional organization structure introduced in June across YRC Worldwide to streamline decision-making, eliminate duplicate efforts and costs while maintaining focus on critical customer-impacting areas.
"As we continue to work our comprehensive plan to restore financial strength and position our company for future growth, the most critical interdependencies rest between finance, operations and sales," stated Bill Zollars, chairman, president and chief executive officer - YRC Worldwide. "Today's actions ensure these key functions are working directly together to meet our service commitments to customers and attain our strategic goals."
YRC Worldwide Advances Functional Organization Structure with Leadership Changes - Yahoo! Finance
OOIDA Supports Ban on Texting While Driving
Trucker group also wants stricter enforcement of existing laws
The Owner-Operator Independent Drivers Association supports a ban on cell-phone texting while driving, but wants better enforcement of existing laws on inattentive or negligent driving by all motorists.
Government agencies at all levels should do more to teach motorists how to drive around trucks, said the OOIDA. In particular, the group praised state programs that put police officers in truck cabs with owner-operators to watch for motorists who follow to closely or cut in front of tractor-trailers.
OOIDA Supports Ban on Texting While Driving | Journal of Commerce
Challenger Motor Freight Buys Specialized Hauler
Canadian truckload carrier creates new division to expand oversize carriage
Challenger Motor Freight, one of the largest truckload carriers in Canada, acquired the special commodities business of Sandrock Specialized Carriers, a Heidelberg, Ontario-based company specializing in oversize and overweight shipments.
Sandrock founder and president Mark Sandrock will head up a new division for Challenger, Sandrock Specialized Transport.
Challenger has more than 2,300 employees and 1,500 trucks and 3,300 trailers. It is the largest privately owned truckload carrier in Canada and claims to be the fifth-largest Canadian motor carrier.
“With the challenges in today’s trucking industry, it is often necessary and sometimes inevitable to seek out a larger carrier to provide security and diversity of service,” said Mark Sandrock, who founded his company in 1999.
Challenger Motor Freight Buys Specialized Hauler | Journal of Commerce
Economy, Regulation, Fuel Top List of Trucker Concerns
ATRI survey finds truckers shifting concerns, priorities in long-lasting recession
The state of the economy and government regulation top a list of trucking industry concerns released by the American Transportation Research Institute.
Driver-related issues, long one of the top three concerns cited by carriers surveyed by ATRI, slipped to sixth place as overcapacity led to a surplus of truck drivers.
ATRI, the research arm of the American Trucking Associations, surveyed more than 4,000 trucking companies for its fifth annual report on the top 10 industry concerns.
An overwhelming number of companies — 51.6 percent — ranked the economy as their primary concern in 2009. The economy ranked second last year.
As health care and environmental regulation progress in Washington, government regulation became the top pick of 13.7 percent, earning the No. 2 spot on ATRI’s list.
Although fuel prices remain much lower than last year, fuel costs were the third-most important issue, with 5.5 percent of respondents citing fuel as their top issue.
Economy, Regulation, Fuel Top List of Trucker Concerns | Journal of Commerce
Shippers Urge Higher Truck Weight
Letter to Congress supports raising limits, opposes alternative bill to freeze limits
As Congress considers two bills related to highway safety, shippers are urging lawmakers to pass the one that allows heavier trucks for what they say will be safer, greener, more efficient shipping.
The Coalition for Transportation Productivity, an alliance of more than 100 shippers and allied associations, sent a letter Monday to members of the U.S. House of Representatives to encourage their support for the Safe and Efficient Transportation Act of 2009. The act (H.R. 1799) would raise the interstate vehicle weight limit. The letter also outlined objections to a rival bill, the Safe Highways and Infrastructure Preservation Act (H.R. 1618).
"The Safe and Efficient Transportation Act gives states the authority to utilize heavier vehicles as a way to improve highway safety, reduce fuel use and emissions and give companies the opportunity to cut costs," said CTP Executive Director John Runyan. "With trucks traveling more miles than ever to meet demand, the bill would make roads safer by enabling shippers to transport more goods with fewer trucks -- reducing the vehicle miles traveled to deliver a company's products."
Shippers Urge Higher Truck Weight | Journal of Commerce
Daimler to Keep Portland Plant Open
Following news of a new military order and a boost in demand, Daimler Trucks North America will not close its Portland, Ore., plant as previously announced, according to published reports.
The facility houses about 650 employees, and the unions are currently in labor talks with the company, according to published reports.
The company had originally announced that the Swan Island plant would shutter in June 2010. The facility is responsible for building U.S. military vehicles and Western Star trucks.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information
Dow...9,599.75 +112.08 +1.18%
Nasdaq...2,068.15 +20.04 +0.98%
S&P 500...1,040.46 +15.25 +1.49%
FDX...75.45...+1.87...+2.54%
CNW...37.66...+0.76...+2.06%
SAIA...15.98...+0.29...+1.85%
HTLD...14.42...+0.26...+1.84%
JBHT...32.44...+0.57...+1.79%
KNX...16.86...+0.25...+1.51%
UPS...55.61...+0.67...+1.22%
ODFL...30.02...+0.32...+1.08%
LSTR...37.34...+0.33...+0.89%
ABFS...27.35...+0.01...+0.04%
VTNC...8.77...-0.07...-0.79%
YRCW...4.09...-0.07...-1.68%
FDX--
Mad Money: Cramer: The Wrong Stocks Are 'Roaring' - Mad Cap Recap - CNBC.com
A Call for Transportation Innovation - BusinessWeek
Unprecedented Cargo Demand Decrease Of 30% To 40% That Began Last November Has Ended: Air Freight As Leading Indicator Has Turned Green - Yahoo! Finance
Cramer's 'Stop Trading!': FedEx | Stop Trading! | Financial Articles & Investing News | TheStreet.com
Yahoo!
CNBC Stock Blog — Dow at 6,300 by Year End: Portfolio Manager — CNBC.com Market News - CNBC Stock Blog - CNBC.com
UPS--
UPS Delivers Volunteers to Communities across the Globe - Yahoo! Finance
UPS and Boys & Girls Club of Los Angeles Promote Safe Driving Program for Teenagers - Yahoo! Finance
Unprecedented Cargo Demand Decrease Of 30% To 40% That Began Last November Has Ended: Air Freight As Leading Indicator Has Turned Green - Yahoo! Finance
CNW--
Credit Suisse Industry Analyst Calls For "Both The Container And Tanker Sectors" To Be Near Cyclical Bottom - Yahoo! Finance
SAIA--
Saia to Announce Third Quarter 2009 Results on October 23, 2009 - Yahoo! Finance
Live Call: Saia, Inc. Earnings Conference Call (Q3 2009) - Yahoo! Finance
YRCW--
YRC Worldwide Advances Functional Organization Structure with Leadership Changes - Yahoo! Finance
YRC Worldwide names new operating chief - Yahoo! Finance
Credit Suisse Industry Analyst Calls For "Both The Container And Tanker Sectors" To Be Near Cyclical Bottom - Yahoo! Finance
YRC names Wicks as COO, makes other leadership changes - Kansas City Business Journal:
Stocks Snap Losing Streak; Big Banks Rally
Stocks rebounded Monday as investors' waning enthusiasm got a jolt from a report that showed the services sector has begun to expand. Plus, there was some bargain hunting after the market's two-week decline.
The Institute for Supply Management reported its gauge of service-sector activity, which accounts for 70 percent of the economy, rose to 50.9 in September from 48.4 in August. The reading indicates expansion in the sector after 11 straight months of contraction and was better than the 50 economists had expected.
Stocks Jump 1.2%; Big Banks Rally - Market Overview * US * News * Story - CNBC.com
Art Cashin's Warning: Markets Could 'Crack Like an Egg'
Stocks advanced on Monday after a two-week decline, riding a better-than-expected reading on the service sector and investors' bargain hunting. Art Cashin, director of floor operations at UBS Financial Services, offered his outlook for the markets.
“We’re going to do one of two things: We’re going to complete the selloff turnaround rally to new highs, which would be the optimist side,” Cashin told CNBC. “Or we could turn and crack open like an egg.”
CNBC Stock Blog — Art Cashin: Next 5-10 Trading Days ‘Critical’ - CNBC Stock Blog - CNBC.com
Dow Will Fall to 6,300 by Year End: Portfolio Manager
With the prospect of higher unemployment hanging over the markets, some experts expect a correction. So are they right? Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, and John Lekas, CEO and portfolio manager at Leader Capital, shared their insights.
“I think we go below the double dip,” Lekas told CNBC. “By year-end, we drop below 6,300 on the Dow and by 2011, we’re at 4,200.”
CNBC Stock Blog — Dow at 6,300 by Year End: Portfolio Manager — CNBC.com Market News - CNBC Stock Blog - CNBC.com
The $1.1 Million Sarah Palin XBox Is Back
It came. It disappeared. It returned.
A Microsoft Xbox360 which appears to sport the autograph of former Alaska Gov. Sarah Palin is back up on Ebay, maintaining its original asking price of $1.1 million. Thanks to Funny Business readers who alerted me.
I first reported on the autographed Xbox in August. Someone claimed that Palin signed his console--he even included a photo of him presenting her with the Xbox-and then he tried to auction it off for big bucks, just days after Palin's surprise resignation announcement. The console got a single bid, for exactly its $1.1 million asking price, when Ebay delisted the item. Ebay felt the console's high price raised a red flag, and so the item was removed until the autograph could be authenticated and a system could be set up to pre-qualify bidders. At the time I wrote that "both sides are working to re-list the item."
The $1.1 Million Sarah Palin XBox Is Back - Funny Business with Jane Wells - CNBC.com
GM's Whitacre Begins Long Slog
When the GM board of directors meetstoday the group will get an update from GM executives about the progress they're making turning around the troubled auto maker. The general consensus is GM is stable, but still far from ready to take off. The board knows this, and most importantly, so does Chairman Ed Whitacre.
GM's Whitacre Begins Long Slog - Behind the Wheel with Phil Lebeau - CNBC.com
Obama’s Olympic Blunder
First off, a big congratulations to Brazil. They are a rising nation—so good for them. That said, the Olympic rejection of Chicago in Copenhagen is deeply troubling to me. When a president acts on a last minute whim, as Obama did, there are huge international consequences.
Obama’s ducks were never set in a row. Hence, the risk of defeat was simply far too great. It showed poor presidential judgment. Obama is playing with the prestige of the greatest country in the world, and the most powerful office in the world. This is precious capital. It must not be squandered; it must be harbored and protected carefully. It wasn’t.
Obama’s Olympic Blunder - Money and Politics Blog - CNBC.com
More Unemployment Benefits Will Backfire
I’d like to weigh in on reports that the White House is currently negotiating with Congressional Democrats to extend unemployment insurance. It’s a big story in the Wall Street Journal. I want to suggest to you that more unemployment insurance right now is a very bad idea.
Here’s why: In supply-side terms, if the government subsidizes non-work, than we will get less work. In other words, higher unemployment.
This has been the European disease for decades. They heavily subsidized unemployment benefits. Guess what happened? Until recently, their unemployment rate was substantially higher than ours here in the U.S.
More Unemployment Benefits Will Backfire - Money and Politics Blog - CNBC.com
Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-18.html
Saia to Announce Third Quarter 2009 Results on October 23, 2009
Saia, Inc., a multi-regional trucking transportation company, today announced that it will release its third quarter 2009 results before the market opens on Friday, October 23, 2009. Saia management will host a conference call to discuss the results that morning at 11:00 a.m. Eastern Time.
To participate in the call, please dial 1-877-558-9192 with conference ID #34026406. Callers should dial in five to ten minutes in advance of the conference call. This call will be webcast live via the company web site at Saia Inc. LTL Carrier. A replay of the call will be available two hours after the completion of the call through October 30, 2009. The replay will be available by dialing 1-800-642-1687 or 706-645-9291.
Saia to Announce Third Quarter 2009 Results on October 23, 2009 - Yahoo! Finance
YRC Worldwide Advances Functional Organization Structure with Leadership Changes
Company continues to implement comprehensive plan, with focus on customer service, sales and finance
YRC Worldwide (Nasdaq: YRCW - News), today announced the appointment of a chief operating officer and subsequent changes to its senior leadership alignment. The modifications are an advancement of the functional organization structure introduced in June across YRC Worldwide to streamline decision-making, eliminate duplicate efforts and costs while maintaining focus on critical customer-impacting areas.
"As we continue to work our comprehensive plan to restore financial strength and position our company for future growth, the most critical interdependencies rest between finance, operations and sales," stated Bill Zollars, chairman, president and chief executive officer - YRC Worldwide. "Today's actions ensure these key functions are working directly together to meet our service commitments to customers and attain our strategic goals."
YRC Worldwide Advances Functional Organization Structure with Leadership Changes - Yahoo! Finance
OOIDA Supports Ban on Texting While Driving
Trucker group also wants stricter enforcement of existing laws
The Owner-Operator Independent Drivers Association supports a ban on cell-phone texting while driving, but wants better enforcement of existing laws on inattentive or negligent driving by all motorists.
Government agencies at all levels should do more to teach motorists how to drive around trucks, said the OOIDA. In particular, the group praised state programs that put police officers in truck cabs with owner-operators to watch for motorists who follow to closely or cut in front of tractor-trailers.
OOIDA Supports Ban on Texting While Driving | Journal of Commerce
Challenger Motor Freight Buys Specialized Hauler
Canadian truckload carrier creates new division to expand oversize carriage
Challenger Motor Freight, one of the largest truckload carriers in Canada, acquired the special commodities business of Sandrock Specialized Carriers, a Heidelberg, Ontario-based company specializing in oversize and overweight shipments.
Sandrock founder and president Mark Sandrock will head up a new division for Challenger, Sandrock Specialized Transport.
Challenger has more than 2,300 employees and 1,500 trucks and 3,300 trailers. It is the largest privately owned truckload carrier in Canada and claims to be the fifth-largest Canadian motor carrier.
“With the challenges in today’s trucking industry, it is often necessary and sometimes inevitable to seek out a larger carrier to provide security and diversity of service,” said Mark Sandrock, who founded his company in 1999.
Challenger Motor Freight Buys Specialized Hauler | Journal of Commerce
Economy, Regulation, Fuel Top List of Trucker Concerns
ATRI survey finds truckers shifting concerns, priorities in long-lasting recession
The state of the economy and government regulation top a list of trucking industry concerns released by the American Transportation Research Institute.
Driver-related issues, long one of the top three concerns cited by carriers surveyed by ATRI, slipped to sixth place as overcapacity led to a surplus of truck drivers.
ATRI, the research arm of the American Trucking Associations, surveyed more than 4,000 trucking companies for its fifth annual report on the top 10 industry concerns.
An overwhelming number of companies — 51.6 percent — ranked the economy as their primary concern in 2009. The economy ranked second last year.
As health care and environmental regulation progress in Washington, government regulation became the top pick of 13.7 percent, earning the No. 2 spot on ATRI’s list.
Although fuel prices remain much lower than last year, fuel costs were the third-most important issue, with 5.5 percent of respondents citing fuel as their top issue.
Economy, Regulation, Fuel Top List of Trucker Concerns | Journal of Commerce
Shippers Urge Higher Truck Weight
Letter to Congress supports raising limits, opposes alternative bill to freeze limits
As Congress considers two bills related to highway safety, shippers are urging lawmakers to pass the one that allows heavier trucks for what they say will be safer, greener, more efficient shipping.
The Coalition for Transportation Productivity, an alliance of more than 100 shippers and allied associations, sent a letter Monday to members of the U.S. House of Representatives to encourage their support for the Safe and Efficient Transportation Act of 2009. The act (H.R. 1799) would raise the interstate vehicle weight limit. The letter also outlined objections to a rival bill, the Safe Highways and Infrastructure Preservation Act (H.R. 1618).
"The Safe and Efficient Transportation Act gives states the authority to utilize heavier vehicles as a way to improve highway safety, reduce fuel use and emissions and give companies the opportunity to cut costs," said CTP Executive Director John Runyan. "With trucks traveling more miles than ever to meet demand, the bill would make roads safer by enabling shippers to transport more goods with fewer trucks -- reducing the vehicle miles traveled to deliver a company's products."
Shippers Urge Higher Truck Weight | Journal of Commerce
Daimler to Keep Portland Plant Open
Following news of a new military order and a boost in demand, Daimler Trucks North America will not close its Portland, Ore., plant as previously announced, according to published reports.
The facility houses about 650 employees, and the unions are currently in labor talks with the company, according to published reports.
The company had originally announced that the Swan Island plant would shutter in June 2010. The facility is responsible for building U.S. military vehicles and Western Star trucks.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information
Dow...9,599.75 +112.08 +1.18%
Nasdaq...2,068.15 +20.04 +0.98%
S&P 500...1,040.46 +15.25 +1.49%
FDX...75.45...+1.87...+2.54%
CNW...37.66...+0.76...+2.06%
SAIA...15.98...+0.29...+1.85%
HTLD...14.42...+0.26...+1.84%
JBHT...32.44...+0.57...+1.79%
KNX...16.86...+0.25...+1.51%
UPS...55.61...+0.67...+1.22%
ODFL...30.02...+0.32...+1.08%
LSTR...37.34...+0.33...+0.89%
ABFS...27.35...+0.01...+0.04%
VTNC...8.77...-0.07...-0.79%
YRCW...4.09...-0.07...-1.68%
FDX--
Mad Money: Cramer: The Wrong Stocks Are 'Roaring' - Mad Cap Recap - CNBC.com
A Call for Transportation Innovation - BusinessWeek
Unprecedented Cargo Demand Decrease Of 30% To 40% That Began Last November Has Ended: Air Freight As Leading Indicator Has Turned Green - Yahoo! Finance
Cramer's 'Stop Trading!': FedEx | Stop Trading! | Financial Articles & Investing News | TheStreet.com
Yahoo!
CNBC Stock Blog — Dow at 6,300 by Year End: Portfolio Manager — CNBC.com Market News - CNBC Stock Blog - CNBC.com
UPS--
UPS Delivers Volunteers to Communities across the Globe - Yahoo! Finance
UPS and Boys & Girls Club of Los Angeles Promote Safe Driving Program for Teenagers - Yahoo! Finance
Unprecedented Cargo Demand Decrease Of 30% To 40% That Began Last November Has Ended: Air Freight As Leading Indicator Has Turned Green - Yahoo! Finance
CNW--
Credit Suisse Industry Analyst Calls For "Both The Container And Tanker Sectors" To Be Near Cyclical Bottom - Yahoo! Finance
SAIA--
Saia to Announce Third Quarter 2009 Results on October 23, 2009 - Yahoo! Finance
Live Call: Saia, Inc. Earnings Conference Call (Q3 2009) - Yahoo! Finance
YRCW--
YRC Worldwide Advances Functional Organization Structure with Leadership Changes - Yahoo! Finance
YRC Worldwide names new operating chief - Yahoo! Finance
Credit Suisse Industry Analyst Calls For "Both The Container And Tanker Sectors" To Be Near Cyclical Bottom - Yahoo! Finance
YRC names Wicks as COO, makes other leadership changes - Kansas City Business Journal:
Stocks Snap Losing Streak; Big Banks Rally
Stocks rebounded Monday as investors' waning enthusiasm got a jolt from a report that showed the services sector has begun to expand. Plus, there was some bargain hunting after the market's two-week decline.
The Institute for Supply Management reported its gauge of service-sector activity, which accounts for 70 percent of the economy, rose to 50.9 in September from 48.4 in August. The reading indicates expansion in the sector after 11 straight months of contraction and was better than the 50 economists had expected.
Stocks Jump 1.2%; Big Banks Rally - Market Overview * US * News * Story - CNBC.com
Art Cashin's Warning: Markets Could 'Crack Like an Egg'
Stocks advanced on Monday after a two-week decline, riding a better-than-expected reading on the service sector and investors' bargain hunting. Art Cashin, director of floor operations at UBS Financial Services, offered his outlook for the markets.
“We’re going to do one of two things: We’re going to complete the selloff turnaround rally to new highs, which would be the optimist side,” Cashin told CNBC. “Or we could turn and crack open like an egg.”
CNBC Stock Blog — Art Cashin: Next 5-10 Trading Days ‘Critical’ - CNBC Stock Blog - CNBC.com
Dow Will Fall to 6,300 by Year End: Portfolio Manager
With the prospect of higher unemployment hanging over the markets, some experts expect a correction. So are they right? Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, and John Lekas, CEO and portfolio manager at Leader Capital, shared their insights.
“I think we go below the double dip,” Lekas told CNBC. “By year-end, we drop below 6,300 on the Dow and by 2011, we’re at 4,200.”
CNBC Stock Blog — Dow at 6,300 by Year End: Portfolio Manager — CNBC.com Market News - CNBC Stock Blog - CNBC.com
The $1.1 Million Sarah Palin XBox Is Back
It came. It disappeared. It returned.
A Microsoft Xbox360 which appears to sport the autograph of former Alaska Gov. Sarah Palin is back up on Ebay, maintaining its original asking price of $1.1 million. Thanks to Funny Business readers who alerted me.
I first reported on the autographed Xbox in August. Someone claimed that Palin signed his console--he even included a photo of him presenting her with the Xbox-and then he tried to auction it off for big bucks, just days after Palin's surprise resignation announcement. The console got a single bid, for exactly its $1.1 million asking price, when Ebay delisted the item. Ebay felt the console's high price raised a red flag, and so the item was removed until the autograph could be authenticated and a system could be set up to pre-qualify bidders. At the time I wrote that "both sides are working to re-list the item."
The $1.1 Million Sarah Palin XBox Is Back - Funny Business with Jane Wells - CNBC.com
GM's Whitacre Begins Long Slog
When the GM board of directors meetstoday the group will get an update from GM executives about the progress they're making turning around the troubled auto maker. The general consensus is GM is stable, but still far from ready to take off. The board knows this, and most importantly, so does Chairman Ed Whitacre.
GM's Whitacre Begins Long Slog - Behind the Wheel with Phil Lebeau - CNBC.com
Obama’s Olympic Blunder
First off, a big congratulations to Brazil. They are a rising nation—so good for them. That said, the Olympic rejection of Chicago in Copenhagen is deeply troubling to me. When a president acts on a last minute whim, as Obama did, there are huge international consequences.
Obama’s ducks were never set in a row. Hence, the risk of defeat was simply far too great. It showed poor presidential judgment. Obama is playing with the prestige of the greatest country in the world, and the most powerful office in the world. This is precious capital. It must not be squandered; it must be harbored and protected carefully. It wasn’t.
Obama’s Olympic Blunder - Money and Politics Blog - CNBC.com
More Unemployment Benefits Will Backfire
I’d like to weigh in on reports that the White House is currently negotiating with Congressional Democrats to extend unemployment insurance. It’s a big story in the Wall Street Journal. I want to suggest to you that more unemployment insurance right now is a very bad idea.
Here’s why: In supply-side terms, if the government subsidizes non-work, than we will get less work. In other words, higher unemployment.
This has been the European disease for decades. They heavily subsidized unemployment benefits. Guess what happened? Until recently, their unemployment rate was substantially higher than ours here in the U.S.
More Unemployment Benefits Will Backfire - Money and Politics Blog - CNBC.com
Now you are up to speed and informed.http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-18.html
