FedEx Freight | Some Trucking Companies also had a BIG bounce

[imported_River17]

Dow Gains 0.8% as Financials Rebound

Direct marketing gains new clout in Asia

For hundreds of diners in Taiwan, 22-year-old Sheena Tsai is the billboard for Carlsberg, a Danish beer vying for a slice of Asia's competitive lager market.
The university student brings beer straight to tables at packed Taipei seafood restaurants with handy facts about Carlsberg's origin and flavour.
Dozens of companies, from consumer goods maker Hindustan Unilever Ltd to delivery firms such as Fedex, are now using direct marketing methods to sell their products in increasingly crowded and competitive markets.
FEATURE-Direct marketing gains new clout in Asia | Markets | Markets News | Reuters

YRC shares sink after debt exchange

YRC shares lose more than half their value after company announces debt exchange

YRC Worldwide Inc. shares plunged more than 50 percent Monday after the struggling trucking company said it is launching a debt exchange offer that could drastically reduce current shareholders' stakes.
The move is part of YRC's effort to get access to cash and avoid a bankruptcy filing, which has been rumored for months. It has struggled to integrate two of it units and suffered through a dramatic falloff in freight demand amid the recession.
Overland Park, Kan. YRC said it intends to launch an exchange offer of $536.8 million in 8 1/2 percent notes for common and preferred stock equal to 95 percent of its common shares, with a provision to give stock options to the company's union employees. YRC offered options equal to 15 percent of the company's common stock to union workers in exchange for wage and pension cuts earlier this year.
YRC shares sink after debt exchange - Yahoo! Finance

UPS and Boys & Girls Clubs of Greater Dallas to Unveil Special Safe Driving Paint Scheme for NASCAR Race at Texas Motor Speedway

UPS NASCAR Driver David Ragan Joins Local Teens to Promote Safe Driving Program

UPS and Boys & Girls Clubs of Greater Dallas will unveil a special paint scheme for NASCAR driver David Ragan’s UPS No. 6 Ford Fusion to promote UPS Road CodeSM, a comprehensive teen safe driving course that incorporates UPS’s world-class safe-driving methods, including the latest interactive tools originally developed to train UPS’s newest generation of drivers.
You are invited to Texas Motor Speedway for the unveiling of the special paint scheme and to hear from Ragan, who will talk to 50 local teens about the importance of safe driving. One of the components of UPS Road Code is a computerized safe-driving simulator that teens use to test what they have learned during the course. Ragan will test his own skills behind the wheel of the simulator at the event – just days before hitting the track for the Dickies 500 at Texas Motor Speedway.
UPS and Boys & Girls Clubs of Greater Dallas to Unveil Special Safe Driving Paint Scheme for NASCAR Race at Texas Motor Speedway - Yahoo! Finance

Old Dominion, a Trucker for the Long Haul

One of the fastest-growing trucking companies, Old Dominion is positioned to participate fully in the recovery

How U.S. trucking firms are faring is a handy indicator of the state of the economy. Not surprisingly, the trucking industry has been having a tough time since 2007 as freight demand has tumbled because of the economic downturn.
Analysts forecast that industry earnings will continue to stay under pressure through the end of 2009, but they point out that certain trucking companies are bound to drive themselves out of the economic rut sooner than others.
One such trucker whose stock has started to rebound amid signs of an economic recovery—including the Oct. 29 release of the first positive quarterly GDP report since the second quarter of 2008—is Old Dominion Freight Line.
Even so, some bulls figure the stock will surpass its 52-week high and hit 40 in a year.
Marcial: Old Dominion, a Trucker for the Long Haul - BusinessWeek

YRC Worldwide: Trucking in Trouble

YRC WorldWide (YRCW) is tanking over 50% on bankruptcy speculation. The large trucking company has been entangled in brutal labor renegotiation’s and is at the heart of the economic downturn with their highly economically sensitive transport based business.
On Friday the company reported a $158.7MM loss which was followed up by a debt exchange announcement this morning. Investors are growing increasingly concerned that the announcement could result in an eventual Chapter 11 filing. Although the company is having cost difficulties (primarily labor related) the weakness at the company is primarily economically related.
“The operating environment remains very challenging as we continue to face a difficult economy that appears to have stabilized, but is not showing any signs of sustained positive momentum. We remain cautiously optimistic that the economy has bottomed out, but it remains too early to know for sure. We’re not anticipating any growth in the economy for the remainder of this year and at least for the first half of next year.”
YRC Worldwide: Trucking in Trouble -- Seeking Alpha

YRC Worldwide debt exchange would make bondholders owners; stock plummets

YRC Worldwide Inc.’s bondholders are on track to own 95 percent of the company, which could mean the resignation of seven of YRC’s nine directors, if a debt-exchange offer planned to start this week is successful.
The announcement appears as an “out-of-court restructuring and a positive for YRCW’s long-term viability at the expense of current shareholders,” Longbow Research analyst Lee Klaskow said in a Monday note.
If the preferred stock were converted and combined with the common stock allotment, the noteholders would hold 95 percent of the company’s common stock. A Monday filing with the Securities and Exchange Commission detailed a plan to convert preferred stock to common stock, contingent on shareholder approval.
YRC Worldwide debt exchange would make bondholders owners; stock plummets - Kansas City Business Journal:


Dow...9,789.44 +76.71 +0.79%

Nasdaq...2,049.20 +4.09 +0.20%

S&P 500...1,042.88 +6.69 +0.65%


UPS...53.95...+0.27...+0.50%
JBHT...30.12...+0.06...+0.20%
FDX...72.83...+0.14...+0.19%
KNX...16.03...-0.01...-0.06%
LSTR...34.89...-0.35...-0.99%
HTLD...13.42...-0.18...-1.32%
CNW...32.00...-0.99...-3.00%
SAIA...14.15...-0.51...-3.48%
ODFL...25.00...-0.99...-3.81%
ABFS...24.40...-1.42...-5.50%
VTNC...7.96...-0.60...-7.01%
YRCW...1.30...-2.35...-64.38% OUCH!!!

FDX--
What Inventories Say About Imports - Forbes.com
FEATURE-Direct marketing gains new clout in Asia | Markets | Markets News | Reuters
YRC shares sink after debt exchange - Yahoo! Finance

UPS--
FEATURE-Direct marketing gains new clout in Asia | Markets | Markets News | Reuters
Toys for Tots Literacy Program Encourages Families to Read Together for National Family Literacy Month - Yahoo! Finance
UPS and Boys & Girls Clubs of Greater Dallas to Unveil Special Safe Driving Paint Scheme for NASCAR Race at Texas Motor Speedway - Yahoo! Finance
Calling All Apple Users: Now It's Easy to Use UPS - Yahoo! Finance
Coke’s new formula: Cede marketing to consumers - Postcards
YRC shares sink after debt exchange - Yahoo! Finance

CNW--
Quotes for CNW - Yahoo! Finance
YRC shares sink after debt exchange - Yahoo! Finance
TradingMarkets 7 Stocks You Need to Know for Tuesday - Yahoo! Finance

SAIA--
YRC shares sink after debt exchange - Yahoo! Finance

ODFL--
YRC shares sink after debt exchange - Yahoo! Finance
Marcial: Old Dominion, a Trucker for the Long Haul - BusinessWeek
Quotes for ODFL - Yahoo! Finance

VTNC--
YRC shares sink after debt exchange - Yahoo! Finance
VTNC: Income Statement for Vitran Corporation, Inc. - Yahoo! Finance

ABFS--
YRC shares sink after debt exchange - Yahoo! Finance

YRCW--
YRC shares sink after debt exchange - Yahoo! Finance
YRC Worldwide: Trucking in Trouble -- Seeking Alpha
Summary of YRC WORLDWIDE INC - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
YRC Worldwide debt exchange would make bondholders owners; stock plummets - Kansas City Business Journal:
YRC Worldwide, LDK Solar: Midday Volume Plays | Winners of the Day | Financial Articles & Investing News | TheStreet.com
Stock Picks: F Up, YRCW Down at SmartMoney.com
YRC Worldwide Drops on Volume Spike | Transportation | Financial Articles & Investing News | TheStreet.com
LDK Solar, YRC Worldwide: Biggest Price Decliners (LDK, YRCW) - WSJ.com
Ford, Office Depot, YRC Worldwide are big movers - Yahoo! Finance
UPDATE 2-YRC shares dive 64 pct on debt exchange offer | Markets | Markets News | Reuters

Dow Gains 0.8% as Financials Rebound

A late rally helped propel the Dow to a positive finish Monday as financial stocks rebounded.
The Dow Jones Industrial Average gained 76.71, or 0.8 percent, to close at 9,789.44. The Nasdaq added 0.2 percent and the S&P 500 advanced 0.7 percent.
Stocks had charged out of the gate, with the Dow up more than 140 points, after a report showed manufacturing expanded more than expected last month. Then, stocks retreated around midday, led by financials and techs, before clawing back in the last few hours of trading.
Dow Gains 0.8% as Financials Rebound - Market Overview * US * News * Story - CNBC.com

Art Cashin: The S&P's 'Dangerous' Number Now

Art Cashin, director of floor operations at UBS Financial Services, shared his insights.
Volatility is "all about the dollar—the dollar became a funding currency when they started to do the dollar carry trade and it’s got everyone nervous,” Cashin told CNBC.
Stocks zigzagged last week, ultimately ending the week and the month of October with a thud.
“I expect that there is a risk that [the uncertainty] could continue if the dollar remains this volatile,” he said.
CNBC Stock Blog — Art Cashin: The S&P's 'Dangerous' Number Now — CNBC.com Market News - CNBC Stock Blog - CNBC.com

S&P Stocks Will Rise Over Next 6-12 Months: Market Pro

“We’ve got a V-shaped recovery in earnings,” Yardeni told CNBC. “What matters for those of us who care about stocks is 'P/E times E'—and E is recovering very nicely.”
While some analysts are concerned that earnings improvements are largely due to cost cutting, Yardeni said revenues are coming back.
“The global emphasis is important, but you don’t have to go overseas,” he said. “The S&P 500 companies are doing it for us.”
CNBC Stock Blog — S&P 500, Fed Outlook for Next 6 Months: Market Pro — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

How to Prepare Your Portfolio if the Market Sells Off

Investors accustomed to seeing strong stock market gains in the October-February period, may be wondering what this year will bring after the stunning rally that began in April.
Much of that has been based on the assumption that recession would yield to recovery and then expansion. There is, however, a contrarian view that says the market is already way ahead of the economic reality and that the rally to date, never mind the end-of-year bounce, is wishful thinking.
What To Do If The Market Goes Cold This Winter - Winterizing Your Portfolio 2009 - Special Report - CNBC.com

Stanley Works to Acquire Black & Decker for $4.5 Billion

Tool maker Stanley Works agreed to acquire rival Black & Decker in an all-stock merger valued at $4.5 billion, the two companies announced.
"The driving motivation of the transaction is the present value of the $350 million in annual cost synergies and the combined financial strength and product offerings of the merged companies," said Black and Decker CEO Nolan Archibald.
Stanley Works to Acquire Black & Decker for $4.5 Billion - Companies * US * News * Story - CNBC.com

Bidding for Motorized La-Z-Boy Tops $40,000

Hey, sports fans, we’ve got your dream ride right here: A motorized La-Z-Boy up for auction on eBay.
The chair, which apparently can go up to 40 miles per hour and even pop wheelies, was confiscated by police in northern Minnesota (yah) after its owner was arrested for driving drunk in the vehicle last year.
“It did a wheelie and I flipped off the back in the middle of the street—and he fell off—the chair went running into the parked car,” Tammy Verrill told the AP.
Bidding for Motorized La-Z-Boy Tops $40,000 - Theres Got To Be A Pony In Here Somewhere Blog - CNBC.com

How Mulally Got Ford Back in The Black

Reporters and editors are already calling Ford's third quarter earnings surprising. And yes, it is surprising when analysts are expecting a company to lose 12 cents a share, and it earns 26 cents/share. But make no mistake; the blue oval has been going from red (losing money) to black (making money) for some time.
How Mulally Got Ford Back in The Black - Behind the Wheel with Phil Lebeau - CNBC.com

Dollar Drops On Strong ISM

The dollar dropped on the strong economic news, as it gives traders confidence to continue the risk trade (short dollar/long commodities/long emerging markets).
The CBOE Volatility Index (VIX), a measure of the cost of buying puts and options on the S&P 500, dropped immediately at 10 AM ET as the ISM revealed strong manufacturing activity than expected.
Dollar Drops On Strong ISM - 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-18.html

 

[imported_River17]

Dow Ends Lower, Led by Intel; Transports Rise

Logue Named President of FedEx Freight

FedEx Express executive to take wheel of $4.6 billion trucking unit
William J. Logue, a veteran FedEx Express executive, will become president of FedEx Freight, the express giant’s $4.6 billion trucking arm, Dec. 1.
He will succeed Douglas G. Duncan, who has been president and CEO of the company since it was founded in 2001. Duncan will retire Feb. 28 and hand Logue the CEO title.
Logue joined FedEx in 1989 when the Memphis-based transport giant acquired Flying Tiger Line, where he held positions in sales and operations management.
As executive vice president and COO of FedEx Express-United States, Logue is responsible for FedEx Express air operations, air ground and freight services, central support and domestic ground operations.
As the new chief at FedEx Freight, Logue will oversee the second largest trucking operation in the United States: two less-than-truckload units, FedEx Freight and FedEx National LTL, as well as expedited transportation unit FedEx Custom Critical.
Logue Named President of FedEx Freight | Journal of Commerce

Con-way Profit Drops 67 Percent

Tough pricing competition, excess capacity, low demand cut deeply
Con-way profit fell by two-thirds in the third quarter from $40.5 million a year ago to $13.5 million in the three months ending Sept. 30. Lower prices, squeezed by excess capacity and weak demand, led to the decline, the trucking and logistics company said.
Operating profit in the 2009 third quarter was $41.1 million, down 48 percent compared to $78.9 million earned in the third quarter a year ago. Revenue was $1.13 billion, down 17.5 percent from last year's third-quarter revenue of $1.37 billion, “as the recessionary economy curtailed demand for services,” said Con-way.
“Overall, the business environment continues to present formidable challenges, characterized by weak demand, excess capacity and pricing pressure. We expect these conditions to persist in the near term, diminishing the prospects for earnings growth," said Con-way President and CEO Douglas W. Stotlar.
“While pricing is likely to remain under pressure, we believe the increased network volumes put us in a better position competitively; we are now instituting specific measures to improve operating efficiency," said Stotlar.
Con-way Profit Drops 67 Percent | Journal of Commerce

S&P, Wall Street Slap YRC Debt Swap

Stock price tumbles, S&P lowers credit rating

YRC Worldwide stock tanked on Wall Street this week as the company launched a debt-for-equity exchange one analyst compared to a “controlled bankruptcy.”
And Standard & Poor's put a cloud over the deal, cutting the company's credit rating and saying YRC Worldwide had effectively defaulted on its debt obligations with the swap.
S&P lowered its corporate credit rating to 'CC' from 'CCC' and put YRC Worldwide on its CreditWatch list. "Under our criteria, we view a formal exchange offer at a discount by a company under substantial financial pressure as a distressed-debt exchange and tantamount to a default," Standard & Poor's said.
YRC Worldwide’s stock plunged 64 percent to close at $1.32 per share Monday on news that the debt-for-equity swap could create more than 1.5 billion new shares. The share price then fell as much as 20 percent during trading on Tuesday
Some trucking analysts say the deal appears to bring long-sought financial breathing room to a company that has sought repeated extensions on debt covenants. However, more than one analyst compared the debt-stock swap to a virtual Chapter 11 reorganization.
S&P, Wall Street Slap YRC Debt Swap | Journal of Commerce

Berkshire Hathaway to Buy BNSF

Buffett says $34 billion buy puts investor 'all-in' on American economy

Warren Buffett’s Berkshire Hathaway announced Tuesday it will buy the Burlington Northern Santa Fe railroad in a transaction worth an estimated $34 billion.
Buffett said in a statement the outright purchase of the Class 1 railroad was “an all-in wager on the economic future of the United States.”
Berkshire Hathaway, which already owns more than 22 percent of the Fort Worth, Texas-based railroad, will pay $100 a share for the remaining shares. The price marks a 32 percent premium on the company’s $76-a-share closing price Monday and is almost double what BNSF shares were selling for in March, when the price dipped to $51.20 a share.
BNSF Chairman, President and CEO Matthew K. Rose said the railroad’s leadership is “thrilled to have an opportunity to become a part of the Berkshire Hathaway family.”
Berkshire Hathaway to Buy BNSF | Journal of Commerce


Dow...9,771.91 -17.53 -0.18%

Nasdaq...2,057.32 +8.12 +0.40%

S&P 500...1,045.41 +2.53 +0.24%


SAIA...15.07...+0.92...+6.50%
JBHT...31.82...+1.70...+5.64%
VTNC...8.24...+0.28...+3.52%
FDX...74.82...+1.95...+2.68%
ODFL...25.60...+0.60...+2.40%
LSTR...35.65...+0.76...+2.18%
CNW...32.65...+0.65...+2.03%
KNX...16.30...+0.30...+1.88%
HTLD...13.60...+0.18...+1.34%
ABFS...24.55...+0.15...+0.61%
UPS...54.28...+0.27...+0.50%
YRCW...1.23...-0.09...-6.82%

FDX--
Logue Named President of FedEx Freight | Journal of Commerce
Pops & Drops: Barrick Gold, Research In Motion.... - Pops & Drops - CNBC.com
The Tip-Off on the NBA's New Season - BusinessWeek
FedEx Corp. Names Logue New President for FedEx Freight - Yahoo! Finance
Two Ways to Play: Berkshire Acquires Burlington Northern-Minyanville
Buffett's BNI Buy Boosts Transports ETF | ETF | Financial Articles & Investing News | TheStreet.com
Summary of FEDEX CORP - Yahoo! Finance
Behind Buffett's Rail Bet - Forbes.com
FedEx freight subsidiary names new CEO - Yahoo! Finance
Buffett Transport Trades
Logue appointed FedEx Freight president - Memphis Business Journal:

UPS--
These Cash Hoarders Will Make You Rich
http://secure2.thestreet.com/cap/lo...estreet.com/p/_yahoo/rmoney/etf/10621153.html
3 Stocks With Dividends and Growth Potential at SmartMoney.com

CNW--
Con-way Profit Drops 67 Percent | Journal of Commerce
Finding Opportunity in Buffett's Burlington Northern Buy -- Seeking Alpha
Con-Way Q3 Misses, Stock Off 3% - Stocks To Watch Today - Barrons.com
US Earnings: Company Earnings Calendar - Yahoo! Finance
Con-way Inc. Reports Third-Quarter 2009 Results - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
Summary of CON-WAY INC. - Yahoo! Finance
Con-way third-quarter profit slides - MarketWatch
Con-way 3Q profit fell sharply - Yahoo! Finance
Earnings roundup: Kraft Foods, Dolby Laboratories - Yahoo! Finance
UPDATE 2-Con-way cautious after earnings miss; shares fall | Markets | Markets News | Reuters

SAIA--
Saia Announces Improved Transit Times - Yahoo! Finance

ABFS--
Summary of ARKANSAS BEST CORP /DE/ - Yahoo! Finance

YRCW--
S&P, Wall Street Slap YRC Debt Swap | Journal of Commerce
YRC Worldwide: Midday Volume Movers | Winners of the Day | Financial Articles & Investing News | TheStreet.com
S&P lowers YRC Worldwide’s credit rating - Kansas City Business Journal:

Dow Ends Lower, Led by Intel; Transports Rise

Stocks finished mixed Tuesday as techs struggled after a downgrade on Intel. Transports rose following news that that Warren Buffett is buying Burlington Northern railroad. Industrials also gained after this week's encouraging manufacturing reports.
The Dow Jones Industrial Average lost more than 17 points, or 0.2 percent. The Nasdaq added 0.4 percent and the S&P 500 gained 0.2 percent.
Dow Ends Lower, Led by Intel; Transports Rise - Market Overview * US * News * Story - CNBC.com

Republican Wins Virginia in Test of Obama's Clout

Republican Bob McDonnell rolled to victory over a Democrat in the governor's race in Virginia in the first of three key votes that provided an early test of U.S. President Barack Obama's clout.
Democrats were also bracing for the possibility of defeat in the New Jersey governor's race and in a congressional district in upstate New York where a conservative candidate had led in opinion polls.
The election outcome could provide clues as to the mood of America a year after Obama was elected president, and a year before 2010 congressional elections that will represent the first clear referendum on Obama's time in office.
Republican Wins Virginia in Test of Obama's Clout - Politics and Government * US * News * Story - CNBC.com

German Opel Workers Bitter After GM Shock

Bitterness, anger and disbelief mixed with betrayal and even resignation are just some of the emotions boiling within Germany following Tuesday's shocking news that General Motors will scrap its sale of Opel.
After months of protracted negotiations with a consortium led by Canadian auto parts maker Magna that finally led to GM approving a sale on Sept. 10 backed heavily by unions, the carmaker's board of directors reversed course and voted now simply to restructure Opel "in earnest" itself.
German Opel Workers Bitter After GM Shock - Automotive * US * News * Story - CNBC.com

Buffett Needed No Bankers for Burlington Deal

Billionaire Warren Buffett decided he did not need investment bankers when he negotiated his rapid takeover of Burlington Northern Santa Fe Corp even as the railroad was represented by veteran banker Roger Altman's boutique firm Evercore as well as Goldman Sachs.
Tentatively agreed on Halloween, the deal took only nine days in total to come together, a source familiar with the deal said. It was presented to the boards and signed late on Monday night.
Buffett Needed No Bankers for Burlington Deal - Australia and New Zealand * Asia * News * Story - CNBC.com

Toyota to Pull Out of F1, Raise Output: Report

Toyota Motor will announce on Wednesday a plan to pull out of Formula One racing after this year, Japan's Mainichi newspaper reported on Wednesday.
The reported withdrawal comes as the auto industry starts to stabilise after a sales crunch in the wake of the financial crisis.
If confirmed, Toyota's pullout would be another major blow for Formula One after Japan's number two carmaker Honda quit the series last December to cut costs.
Toyota to Pull Out of F1, Raise Output: Report - Automotive * US * News * Story - CNBC.com

October Shows Auto Rebound Will Be Slow

If you want to get a sense of just how unclear the auto industry is about how much sales will rebound, ask the different sales chiefs at the automakers.
The folks in charge of determining where the market is headed and how to spur greater sales all think the 2010 sales pace will be close to 11 million vehicles.
But almost all of them admit there are so many variables that it's hard to say for sure.
One thing is clear from October sales. Base demand for new vehicles is slowly building.
Here's how the automakers did last month:
GM (up) 4 %
Ford (down) 0.6%
Toyota (down) 3.5%
Honda (down) 4%
Chrysler (down) 32.3 %
Nissan (up) 5.6%
October Shows Auto Rebound Will Be Slow - Behind the Wheel with Phil Lebeau - CNBC.com

The Economics of a Three-Race GOP Sweep

Against the backdrop of high unemployment and a public revolt against a Democratic health-care bill — which would significantly increase taxes, slash Medicare spending, and massively raise health-care spending elsewhere in a government takeover of our leading growth sector —a three-race sweep by Republicans is very much in play this Election Day.
The Intrade pay-to-play betting/investment parlor shows big wins for Bob McDonnell in Virginia and Doug Hoffman in upstate New York’s 23rd congressional district. The New Jersey race for governor is too close to call, with the probabilities swinging wildly. Late last night, Chris Christie’s victory probability was 56-46 over Jon Corzine, a 16-point gain for the Republican. This morning, Christie showed a 55 percent chance of victory, with Corzine at 47.
The Economics of a Three-Race GOP Sweep - Money and Politics Blog - CNBC.com

Is the Obama Bubble About to Burst?

Here's former Massachusetts Governor Mitt Romney's take on last night's Kudlow Report discussing President Obama's handling of the economy, stimulus programs, healthcare and much more.
Is the Obama Bubble About to Burst? - 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

 

[imported_River17]

Stocks End Mixed as Post-Fed Rally Fizzles

Con-Way Gives Dour View; Street Returns It

A day after Warren Buffett's historic wager on the freight industry, shares of the trucking company Con-Way fell as much as 10% on worse-than-expected results and wary statements from its CEO about the company's prospects for growth, at least in the near term.
After Tuesday's closing bell, Con-Way reported a third-quarter profit -- excluding the effects of accounting changes and "certain discrete tax items" -- of 39 cents a share. That still fell far short of the consensus analysts' earnings target of 52 cents
But it was Con-Way's chief executive, Douglas Stotlar, who dampened the mood even further with a gloomy outlook for the short-term business prospects of his company. "Overall, the business environment continues to present formidable challenges, characterized by weak demand, excess capacity and pricing pressure," Stotlar said in a written statement. "We expect these conditions to persist in the near term, diminishing the prospects for earnings growth."
Con-Way Gives Dour View; Street Returns It | Earnings | Financial Articles & Investing News | TheStreet.com
Con-way Inc. Q3 2009 Earnings Conference Call -- Seeking Alpha

S&P: Distressed Debt Exchanges May Not Boost Credit Profile

Convincing debt holders to swap holdings that are in danger of default for bonds of lesser value has become an increasingly attractive option for some hard-pressed companies. “As long as capital markets remain open, we believe that some issuers will consider this option,” according to Diane Vazza, managing director of Standard & Poor’s Global Fixed Income Research Group.
“Yet, it’s important to understand that, after a distressed debt exchange, many companies won’t necessarily present a stronger credit profile.,” she wrote in a Q&A on the speculative grade sector.
A distressed debt exchange might help some issuers ward off bankruptcy, but it could still leave them exposed to significant risk if the increasing liquidity within the system that has supported them so far were to dry up.
S&P: Distressed Debt Exchanges May Not Boost Credit Profile -- Seeking Alpha

Trucking Spot Market Up 10 Percent in October

TransCore Freight Index jumps year-over-year, but dips from September

Freight volume in trucking’s spot market rose 10 percent in October, said TransCore, which reported the first year-over-year increase this year in the TransCore Freight Index.
But the sudden rise reflects the depth of the collapse last fall more than an economy recovering strength. The TFI declined 2.3 percent from September to October after rising 10.5 percent from August to September. ATA’s For-Hire Truck Tonnage Index in September showed a similar pattern, dipping 0.3 percent after increasing 1.2 percent in August and July. That could indicate an uneven road to recovery.
The index, which uses August 1996 as its base, hit its low point this year in February, at 239. Its highest point in the past four years was June 2006, when it hit 1215.
Trucking Spot Market Up 10 Percent in October | Journal of Commerce

Shippers Appeal to NY, Newark on Harbor Truckers

Letter says change in federal law not needed as part of port clean trucks plans

A broad group of retailers and other shippers called on the mayors of New York and Newark, N.J., to withdraw their support for changes in federal law that would allow local regulators to bar independent owner-operators from harbor trucking.
The 29 organizations, including the National Retail Federation and the National Industrial Transportation League, said they had “grave disappointment” with support the mayors announced Oct. 19 for the effort led by the Port of Los Angeles, which has targeted independent operators as part of its effort to limit truck pollution at the port.
Writing to New York City Mayor Michael Bloomberg and Newark Mayor Cory Booker, the groups noted legal challenges to the Los Angeles regulations have been aimed only at provisions focused on economic regulation and not those touching on emissions and the environment
Shippers Appeal to NY, Newark on Harbor Truckers | Journal of Commerce

Heavy Truck Sales Surge in October

FTR Associates says price increases for 2010 models spurs recent sales

Heavy truck sales surged in October, rising 117 percent year-over-year and 104 percent from September, as freight volumes showed signs of improving and carriers began a last-minute round of truck purchasing before new emissions standards raise prices.
Preliminary data from FTR Associates shows Class 8 net orders for all major North American truck makers totaled 21,792 units in October. That led the vehicle market research firm to declare “the recovery has begun,” but to warn the truck manufacturing industry has a long, slow haul ahead, at least until the second half of 2010.
“All indications are that the October increase is due to filling up of remaining 2009 production slots for trucks with the older 2007 engine technology and to avoid the new 2010 engines, which due to tighter emissions standards will be more expensive and will employ new technology,” said Eric Starks, president of FTR Associates.
Heavy Truck Sales Surge in October | Journal of Commerce

Quality Distribution Swings to Profit

Leaner, more efficient company remains cautious on economy

After losing $143.2 million in the second quarter, Quality returned to profit in the third quarter and improved upon last year’s third quarter profit.
The Tampa, Fla.-based bulk carrier earned net income of $1.4 million in the third quarter, compared with a profit of $717,000 a year earlier. Last year’s net was slashed by a $1.7 million restructuring charge. This year, Quality’s third quarter included a $300,000 pre-tax restructuring charge.
Revenue excluding fuel surcharge was down 13.5 percent year-over-year to $147.2 million, reflecting continued pressure from the current economic environment, the company said. But that figure was up approximately 7 percent from the second quarter.
Quality Distribution Swings to Profit | Journal of Commerce

Former SmartWay Head Kicks Off a New Venture in Truck Aerodynamics

There have been many contributions to the improvement of truck and trailer aerodynamics - and therefore fuel efficiency - over the last few years, both from truck manufacturers and from add-on devices. Many of these advanced technologies are approved by the Environmental Protection Agency's SmartWay program, including ATDynamics' TrailerTail, Windyne's Flex Fairing and Carrier Transicold's Freight Wing Belly Fairing.
However, current advances have not fully captured the imagination of the trucking industry, and there is still room for improvement, says Mitch Greenberg. And who better to take truck aerodynamics to the next level but Greenberg himself, who resigned as head of the EPA's SmartWay program a few months ago.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...9,802.14 +30.23 +0.31%

Nasdaq...2,055.52 -1.80 -0.09%

S&P 500...1,046.50 +1.09 +0.10%


YRCW...1.24...+0.01...+0.81%
JBHT...31.52...-0.30...-0.94%
LSTR...35.23...-0.42...-1.18%
UPS...53.51...-0.69...-1.27%
KNX...16.05...-0.26...-1.59%
HTLD...13.36...-0.24...-1.76%
FDX...72.92...-1.91...-2.55%
VTNC...7.98...-0.26...-3.16%
ABFS...23.37...-1.18...-4.81%
ODFL...24.32...-1.28...-5.00%
SAIA...13.94...-1.13...-7.50%
CNW...29.34...-3.28...-10.06%

FDX, UPS--
RealMoney's Take on the Buffett Buy | Financial Advisor Update | Financial Articles & Investing News | TheStreet.com
Trading Outlook for YRC Worldwide Inc. Issued by StockPreacher.com - Yahoo! Finance

CNW--
Traders Digest Election Results - Trader Talk with Bob Pisani - CNBC.com
Report from Europe: All Bulled Up Pre Fed Meeting -- Seeking Alpha
CNW: Star Analysts for CON-WAY INC - Yahoo! Finance
Con-Way Gives Dour View; Street Returns It | Earnings | Financial Articles & Investing News | TheStreet.com
Con-way Inc. Q3 2009 Earnings Conference Call -- Seeking Alpha
Insurer Selloff Curbs Stocks - WSJ.com

ODFL--
Marcial: Old Dominion, a Trucker for the Long Haul - BusinessWeek

ABFS--
In Play &reg - Yahoo! Finance - The basics of investing.
Arkansas Best Corporation to Appear at the Robert W. Baird & Co. 2009 Industrial Conference - Yahoo! Finance
Summary of ARKANSAS BEST CORP /DE/ - Yahoo! Finance

YRCW--
S&P: Distressed Debt Exchanges May Not Boost Credit Profile -- Seeking Alpha
Trading Outlook for YRC Worldwide Inc. Issued by StockPreacher.com - Yahoo! Finance

Stocks End Mixed as Post-Fed Rally Fizzles

Stocks ended mixed Wednesday as a post-Fed rally fizzled. Stocks had opened higher as investors cheered some encouraging readings on the economy, then swung in about a 50 point range after the Fed's statement, before finishing narrowly mixed.
The Dow Jones Industrial Average gained 30.23, or 0.3 percent, to close at 9,802.14, after being up more than 130 points earlier. The S&P 500 rose 0.1 percent, while the Nasdaq shed about 0.1 percent.
Stocks End Mixed as Post-Fed Rally Fizzles - Market Overview * US * News * Story - CNBC.com

Fed to Maintain Low Rates Even as Economy Recovers

The U.S. Federal Reserve Wednesday expressed growing confidence that an economic recovery was building, even though it stuck to its commitment to keep borrowing costs near zero for "an extended period."
As expected, the Fed kept its benchmark federal funds rate unchanged in a range of zero to 0.25 percent, and said the economy had "continued to pick up" since its last policy-setting meeting in September.
In its closely watched policy statement, the Fed said household spending "appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit."
That was somewhat more upbeat than September's statement, which referred to spending as "stabilizing."
Fed to Keep Interest Rates Low Even as US Economy Recovers - Economy * US * News * Story - CNBC.com

Why the Dollar's Decline Doesn't Worry US Officials—Yet

While US officials publicly support a strong dollar, in private they don't appear so worried about its recent slide.
I've had a chance to speak with several senior US and foreign financial officials over the past several days about the dollar's decline.
Though they work in different branches of government, their commentary has been pretty similar: They do watch the dollar carefully but they see its decline so far as orderly and not yet an inflationary threat.
Why US Officials Aren't Worried About Dollar's Fall—Yet - Economy * US * News * Story - CNBC.com

Nervous About US Stocks? Check Out Emerging Markets

As more nervousness creeps into the US stock market, investors are sharpening their look at overseas opportunities where growth is outpacing the US recovery.
While emerging and developed markets have largely kept pace with the US rally over the past seven months, there's growing belief that the two may diverge as the US faces an extended slow-growth period.
Consequently, advisors are making sure their clients are committing at least 20 percent of their portfolios to foreign markets, with about a quarter of that devoted to emerging markets.
Nervous About US Stocks? Time To Check Emerging Markets - Markets * US * News * Story - CNBC.com

Do You Buy Marchionne's Turnaround Plan?

As I sit through a lengthy explanation of how Sergio Marchionne plans to turn around a struggling Chrysler, one question keeps running through my mind: Do we think this plan will work?
There are many aspects of the strategy that make complete sense on paper.
* Chrysler will share platforms with Fiat and by 2014 reduce 11 platforms to 7. A huge cost savings.
* Using a Fiat platform, Dodge will introduce a small car by 2013. That's in addition to Dodge adding a compact sedan in 2012 and a model to replace the Avenger in 2013. Dodge desperately needs new, smaller, fuel-efficient models.
* Jeep will be adding a small SUV in 2013 as well as two other new models that year. Jeep, which currently builds just fewer than 500,000 vehicles, is targeting a major increase in production to 800,000 vehicles by 2014.
Do You Buy Marchionne's Turnaround Plan? - Behind the Wheel with Phil Lebeau - CNBC.com

Stocks and Voters Show GOP the Way

Stocks loved last night’s election returns.
President Obama and Nancy Pelosi got their ears pounded back over big spending, taxes, the health-care takeover, cap-and-trade, and well, the fact that government is getting too darned big under this crowd in Washington.
The health-care insurance companies roared right up from the open.
Investors are making a bet that the government-insurance option is in even bigger trouble after last night’s Republican victories. A Wall Street Journal news story also suggests that the big health-care bill won’t get done this year, and that it will be pushed into next year’s midterm calendar. Blue Dogs everywhere (and especially in Virginia) can read the election returns as accurately as any pundit. And they are not going to vote to jack up taxes, slash Medicare, and launch even more government spending and deficits.
Stocks and Voters Show GOP the Way - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...ns-comments-stc-newsletter-18.html#post742845

 

[imported_River17]

Dow Ends Above 10,000; Cisco Boosts Techs

Con-way Says Used ‘Aggressive’ Pricing

Discounting seen as diluting benefits of additional tonnage gains

Less-than-truckload carrier Con-way says it moved toward "more aggressive" price discounting in the third quarter than it normally uses and started hiring back workers to cope with tonnage gains.
The declining yields and rising costs cut in the benefits of a 5.1 percent gain in tonnage in the third quarter over the same period a year ago.
Con-way Freight reported a sequential 11.9 percent increase in daily tonnage from the second quarter, along with the improvement over last year.
The nation’s third-largest LTL carrier — which went through layoffs and salary and wage cuts early this year — said it brought back an unspecified number of workers to keep up with the sudden surge in demand. It also plans to restore about $25 million in wage and salary cuts by January.
Revenue at Con-way Freight dropped 14.1 percent from a year ago, operating income decreased 62.7 percent and yield was down 10.5 percent, excluding fuel surcharges. Including fuel surcharges, revenue per hundredweight was down 19.4 percent, a steeper decline than was seen at ABF Freight System, FedEx Freight or YRC.
“Profitability was diminished from lower pricing driven by overcapacity in the LTL market, and higher variable operating costs due to increased tonnage levels,” the company said in its Security and Exchange Commission filing.
Con-way Says Used ‘Aggressive’ Pricing | Journal of Commerce

UPS, Boys & Girls Clubs of America Unveil New Paint Scheme for David Ragan's No. 6 Ford Fusion

New Design Reflects UPS Safe Driving Program Available to Local Boys & Girls Club Teens

NASCAR driver David Ragan and the UPS (NYSE:UPS - News) team will have an extra 4.5 million fans cheering them this weekend at Texas Motor Speedway when Ragan gets behind the wheel of his No. 6 Ford Fusion, which will sport a new paint scheme that reflects UPS and Boys & Girls Clubs of America’s (BGCA) UPS Road Code safe driving program.
The UPS Foundation, the charitable arm of UPS, introduced a national program this year in collaboration with BGCA to teach the company’s industry-leading safe driving techniques to teens. Motor vehicle accidents are the leading cause of death for U.S. teens, but UPS and its world-renowned drivers are making an effort to change that with the help of BGCA and Ragan.
UPS, Boys & Girls Clubs of America Unveil New Paint Scheme for David Ragan's No. 6 Ford Fusion - Yahoo! Finance

Hunt, NS Ink Intermodal Deal

Trucking and intermodal shipment operator J. B. Hunt Transport Services will ship goods through Norfolk Southern Railway under a far-reaching, multi-year contract agreement between the two transportation giants.
Hunt said the accord “will further establish the parties as the leading providers of transcontinental and local intermodal service in the eastern half of the United States.”
Hunt already has a long-term contract with BNSF Railway in the West, and is the largest box customer for that largest of intermodal railroads.
Once known strictly as a truckload carrier, J.B. Hunt now gets the largest share of its revenue and operating profit from intermodal operations. Its intermodal business segment counted $456 million in revenue in the third quarter ending Sept. 30, more than half the $834 million in revenue the company reported.
Hunt, NS Ink Intermodal Deal | Journal of Commerce

Deutsche Post DHL Lost $123 Million

Express unit earns profit after restructuring charges; forecast improves

Deutsche Post DHL lost $123 million in the third quarter, reflecting costs involved in DHL's exit from the U.S. domestic parcel delivery market and the bankruptcy of a major customer, German retailer Arcandor.
Revenue fell 18.6 percent to $16.5 billion, and third quarter operating income fell to $340 million from $1.4 billion a year ago.
Those results beat expectations and allowed the world's biggest logistics company to raise its profit forecast for the full year. The German mail and express delivery group said it now expects earnings before interest and tax to reach at least $2 billion this year against a previously forecast $1.76 billion as cost cuts counter slumping cargo volume.
Deutsche Post DHL Lost $123 Million | Journal of Commerce

Fleets Aren't Keen on Buying Equipment in 4Q

CK Commercial Vehicle Research's fourth quarter Fleet Sentiment Report indicates that equipment buying is expected to drop in the next three months, despite higher readings in the last few quarters. The Fleet Equipment Buying Index fell 23 percent from the previous quarter, a reflection of the low numbers of respondents with plans to place orders for new trailers.
The research returned the smallest percentage of fleets with plans to buy trailers in the fourth quarter than any other period in the six years CKCVR has collected the data. Twenty-one percent of those surveyed has plans to purchase trailers in the next three months, according to the report.
The index is a simple measure of planned buying behavior of for-hire, private and government fleets over the next three months. A lower reading indicates that fewer fleets are planning to purchase equipment while a higher reading indicates that more are planning to purchase equipment.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Wabash National’s 3Q Operating Loss Narrows

Trailer manufacturer Wabash National Corp. said its third-quarter loss widened but its operating loss declined from the same quarter last year.
The company lost $66.4 million, or $2.23 cents a share, in the third quarter, compared with a loss of $4.3 million, or 15 cents, in last year’s third quarter.
“Total manufacturing inventories appear to be bottoming and both tonnage and net trailer orders are incrementally increasing,” he said in a statement. “While the operating environment will likely remain challenging for the near-term, we believe the worst is now behind us.”
Wabash National’s 3Q Operating Loss Narrows | Transport Topics Online | Trucking, Freight Transportation and Logistics News


Dow...10,005.96 +203.82 +2.08%

Nasdaq...2,105.32 +49.80 +2.42%

S&P 500...1,066.63 +20.13 +1.92%


YRCW...1.29...+0.05...+4.03%
SAIA...14.48...+0.54...+3.87%
FDX...74.93...+2.01...+2.76%
JBHT...32.33...+0.81...+2.57%
HTLD...13.68...+0.32...+2.40%
LSTR...36.05...+0.82...+2.33%
ABFS...23.90...+0.50...+2.14%
CNW...29.91...+0.58...+1.98%
UPS...54.49...+0.99...+1.85%
KNX...16.28...+0.22...+1.37%
VTNC...8.03...+0.05...+0.63%
ODFL...24.35...+0.03...+0.12%

FDX--
Watch Industrial Stocks
UPDATE 3-Deutsche Post ups 2009 outlook on swift cost cuts | Markets | Markets News | Reuters
7 Stocks With Growth on the Menu (PRAA)
'Fast Money' Portfolios of the Week | Stockpickr | Financial Articles & Investing News | TheStreet.com
3 Reasons This Rally Is Doomed

UPS--
Ready, Set, Bid! - Yahoo! Finance
UPS, Boys & Girls Clubs of America Unveil New Paint Scheme for David Ragan's No. 6 Ford Fusion - Yahoo! Finance
Ragan’s UPS car getting new look - Atlanta Business Chronicle:
UPS Board Declares Dividend - Yahoo! Finance

CNW--
Con-way Says Used ‘Aggressive’ Pricing | Journal of Commerce
Insurer Selloff Curbs Stocks - WSJ.com
Con-way Inc. Ranks 101st on the 2009 InformationWeek 500 List of Top U.S. Technology Innovators - Yahoo! Finance
Summary of CON-WAY INC. - Yahoo! Finance

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

Dow Ends Above 10,000; Cisco Boosts Techs

Stocks rallied Thursday after a strong reading on productivity and an easing in jobless claims — an encouraging sign ahead of tomorrow's jobs report.
The Dow Jones Industrial Average shot up 203.82, or 2.1 percent, to close at 10,005.96 — the first time the index has finished above 10,000 since Oct. 22. All 30 Dow stocks finished higher.
Techs were among the best performers after Cisco posted strong results after the bell Wednesday.
Dow Ends Above 10,000; Cisco Boosts Techs - Market Overview * US * News * Story - CNBC.com

Art Cashin: What Jobless Numbers Tell Traders

Cashin noted that the jobless claims number of 512,000 was "better than some rumors late yesterday" — rumors which he says dragged markets down before the close.
But he's refraining from popping champagne corks "as long as [claims] stay above 500,000. They're not going to start hiring until they stop firing."
Cashin addressed the Federal Reserve's Wednesday announcement that it'll hold interest rates steady for months to come.
CNBC Stock Blog — Art Cashin on Interest Rates, Fed, Inflation, Jobless Claims — CNBC.com Market News - CNBC Stock Blog - CNBC.com

This Bear-Market Rally Has 'Turned': Elliot Wave Analyst

Markets opened higher on Thursday as a strong reading on productivity and an easing in jobless claims helped cheer investors. Will stocks continue to rise from this point? Steve Hochberg, chief market analyst at Elliott Wave International, shared his market outlook.
“This has been a bear-market rally,” Hochberg told CNBC.
“It’s been a great rally in terms of percentage gain over a short period of time, but everything we look at in terms of the internals of the market suggests that it’s just a bear-market rally.”
Hochberg said the number of advancing shares versus declining shares has been “contracting on the way up” and the advancing volume on the NYSE has been in a “typical bear market profile”—contracting as the rally extended.
CNBC Stock Blog — Bear-Market Rally Has 'Turned Over': Elliot Wave's Hochberg — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

Boomers in Denial About Retirement Savings

No doubt last year’s financial crisis dealt a body blow to many investors, but many Boomers approaching retirement have yet to turn their reaction to last year’s events into action.
Perhaps even more startling is the extent to which their savings are falling short of their goals. On average, these pre-retirees expected they would need $800,000 to fund their retirement. However, most had only saved about $300,000.
Boomers in Denial About Retirement Savings - Consumer Nation - CNBC.com

Inflatable Seat Belts Aimed At Second Row Safety

After 10 years of research and development, Ford is unveiling inflatable seat belts.
This is a potentially ground breaking innovation in safety aimed at better protecting people in the second and third rows of cars involved in accidents.
Inflatable seat belts, before they've been deployed, look like padded regular seat belts. When there is an accident, the belts open up and in less than 2 tenths of a second an air bag inflates, diffusing pressure on the chest as the passenger is thrown forward in a crash.
Inflatable Seat Belts Aimed At Second Row Safety - Behind the Wheel with Phil Lebeau - CNBC.com

A Short-Sighted Cheer for Easy Money

Wall Street loves easy money. That’s what I conclude from today’s 200-point stock market rally, which started early and gathered force, pushing the Dow back over 10,000 at the close of trading.
Oddly enough, stocks roared at yesterday’s opening by nearly 150 points, a response to the GOP sweep in New Jersey and Virginia. The government’s health-insurance takeover plan looks dead after the elections. Nancy Pelosi is walking off a cliff with her Saturday vote in the House. I don’t think she’s got the numbers. Post-election, Blue Dog Democrats are going to have a hard time voting for big tax hikes, big spending, big government, and a $500 billion Medicare cut. Independents, seniors, and affluent suburbanites all moved to the GOP column on Tuesday, a negative referendum on the Democrats’ big-government scheme.
A Short-Sighted Cheer for Easy Money - 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

 

[imported_River17]

Dow Gains 3% for the Week, Led by GE

WEEKEND EDITION

TWC chair: Congress should focus on jobs

Tom Pauken, chairman of the Texas Workforce Commission, called on Congress to refocus its attention on stemming job losses in light of escalating national unemployment rates, which have reached 10.2 percent.
Pauken said in a statement issued Friday he would like Congress to focus on passing legislation that encourages job creation and capital investment in the private sector, specifically with small businesses.
Pauken supported legislation suggested by FedEx Chairman Fred Smith that would allow companies that make capital investments in the United States to expense those investments in a one-year period during times of high unemployment. He also suggested that Congress reinstate an investment-tax credit law repealed in 1986 that allows for accelerated depreciation for capital investments in the United States.
TWC chair: Congress should focus on jobs - Dallas Business Journal:

FedEx Honors Independent Contractors With Entrepreneur Awards

FedEx Ground has honored three independent contractors with its Entrepreneur of the Year Award, including Nick Ciardiello of Metuchen, N.J., Jason Keefe of Summerville, S.C., and Trent Webb of Memphis, Tenn. The three businesses provide package delivery services for the company.
The FedEx Ground Entrepreneur of the Year honor recognizes those independent contractors who have built businesses that most consistently go the extra mile to safely deliver superior customer service, help fellow independent contractors succeed, and support their local communities.
"For nearly a quarter century, FedEx Ground has worked in collaboration with thousands of dedicated small business owners to deliver exceptional service to the marketplace," said Dave Rebholz, president and CEO of FedEx Ground. "These entrepreneurial men and women commit themselves to creating small businesses that deliver on a promise of reliable, cost-effective and professional service. Through their outstanding efforts they have built thriving businesses and, in the process, have made substantial contributions to their local communities."
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

UPS Marks 10th Birthday as a Public Company

Ten years after its Initial Public Offering, UPS (NYSE:UPS - News) marked the anniversary today as its chief executive officer returned to the Big Apple to ring the opening bell for the New York Stock Exchange.
Chairman and CEO Scott Davis was joined by members of the UPS Board of Directors and senior executives in launching the trading day on Friday. Davis is the 10th chairman and CEO in UPS’s 102-year history but only the third to spend time guiding the affairs of a “public” UPS.
UPS Marks 10th Birthday as a Public Company - Yahoo! Finance

Senate Confirms Ferro as FMCSA Chief

Former trucking association leader to take on driver hours, highway safety

The U.S. Senate unanimously confirmed Anne S. Ferro as Federal Motor Carrier Safety Administrator yesterday, putting a former trucking association executive in charge of the nation’s truck safety watchdog at the Department of Transportation.
She takes charge at FMCSA as it reopens its rulemaking on truck driver hours of service, one of the most contentious issues facing the agency.
When nominated by President Obama in June, Ferro was president of the Maryland Motor Truck Association. Before joining the MMTA in 2003, she spent 11 years with the Maryland Motor Vehicle Administration, first as assistant administrator and then administrator.
Her nomination outraged the Teamsters union and several public safety groups opposed to changes in the hours-of-service rules that Ferro supported as head of the MMTA.
Senate Confirms Ferro as FMCSA Chief | Journal of Commerce

U.S. Sheds Transport Jobs in October

National unemployment rate of 10.2 percent affects freight sector

Freight transportation employment fell again in October, the Labor Department said, and many of their major customer groups shed jobs as well.
Measured by the raw numbers supplied by employers, without adjusting for typical seasonal variations, Labor said the trucking industry lost 8,700 jobs last month. That left the largest transportation industry segment with about 1.27 million workers, down from 1.279 million in September and nearly 1.284 million in August.
The report showed another month of sizable declines in the goods-producing sector, with the manufacturing and construction sectors each shedding more than 60,000 adjusted for seasonal norms. Those are customer groups that generate large amounts of freight shipments, and traffic for their cargoes has recently held to a narrow volume range after growing over the summer.
U.S. Sheds Transport Jobs in October | Journal of Commerce

British Airways Fined for Price Fixing

British Airways will pay a $4.2 million fine under a ruling by a Canadian court that the airline participated in a cargo price-fixing cartel between 2002 and 2006.
The ruling by a federal court in Ottawa is part of the spreading series of penalties around the world that have taken in many of the world's largest freight carriers.
The fines in Canada against BA, Air France, KLM, Martinair and Qantas total some $13.5 million.
"The fines obtained as a result of our investigation into the air cargo price-fixing conspiracy reflect the serious nature of this behavior," said Melanie Aitken, Canadian commissioner of competition. "The fines obtained as a result of our investigation into the air cargo price-fixing conspiracy reflect the serious nature of this behavior."
British Airways Fined for Price Fixing | Journal of Commerce

Amid Driver Appreciation Week, Dupre Highlights Hourly Pay Structure

While most trucking companies prefer to pay their drivers by the mile, Dupre Logistics has been taking a different approach, compensating by the hour. In light of National Driver Appreciation Week, the company decided to highlight its hourly pay structure and celebrate the initiative's benefits to its 700-plus drivers as well as the company as a whole.
Not many fleets have committed to this type of pay structure, especially in this economy, but the Louisiana-based carrier is finding that the alternative method is paying off in terms of retention, safety and efficiency. The pay structure produces better schedules and safer drivers, the company says. It also attracts higher quality drivers that want to stay, something that may give Dupre a leg up once the recovery shakes out.
"We need the high caliber driver," said Tom Voelkel, president. "At Dupre Logistics, we strive to recruit and retain the best team in the industry. It's an initiative with benefits that far outweigh the cost to our bottom line."
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Trucking Industry Celebrated Drivers Across the Country This Week

Trucking companies and industry associations across the country have been honoring truck drivers for their hard work and celebrating their role this week. National Truck Driver Appreciation Week recognizes the integral role drivers serve in delivering everything we need safely and efficiently.
The annual event is sponsored by the American Trucking Associations. According to the ATA, there are 3.5 million professional truck drivers delivering life's essentials across the country every day.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...10,023.42 +17.46 +0.17%

Nasdaq...2,112.44 +7.12 +0.34%

S&P 500...1,069.30 +2.67 +0.25%

Oil...77.65 -1.97 -2.47%

Gold...1,095.10 +6.40 +0.59%


FDX...77.21...+2.21...+2.95%
ODFL...24.69...+0.34...+1.40%
CNW...30.36...+0.40...+1.34%
UPS...54.82...+0.36...+0.66%
VTNC...8.08...+0.05...+0.62%
KNX...16.39...+0.09...+0.55%
ABFS...24.02...+0.12...+0.50%
LSTR...36.22...+0.17...+0.47%
HTLD...13.74...+0.06...+0.44%
JBHT...31.55...-0.78...-2.41%
SAIA...13.88...-0.62...-4.28%
YRCW...1.22...-0.07...-5.43%

FDX--
In Play &reg - Yahoo! Finance - The basics of investing.
TWC chair: Congress should focus on jobs - Dallas Business Journal:
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

UPS--
UPS Marks 10th Birthday as a Public Company - Yahoo! Finance
UPS CEO rings NYSE bell - Atlanta Business Chronicle:
http://secure2.thestreet.com/cap/lo...m/p/_yahoo/rmoney/jimcramerblog/10623370.html
Summary of UNITED PARCEL SERVICE INC - Yahoo! Finance

CNW--
Con-way Executive to Address Robert W. Baird Conference - Yahoo! Finance

YRCW--
Is Crude Oil Headed Lower? -- Seeking Alpha

Dow Gains 3% for the Week, Led by GE

Stocks eked out a gain Friday after a rocky session as investors juggled a disappointing jobs report and some analyst upgrades.
The Dow Jones Industrial Average rose 17.46, or 0.2 percent, to close at 10,023.42. The S&P 500 and Nasdaq each gained about 0.3 percent.
The gains for the week were far more impressive: All three indexes are up at least 3.2 percent from where they ended last week, snapping a two-week losing streak. And the CBOE volatility index, widely considered the best gauge of fear in the market, dropped more than 20 percent, finishing the week below 25.
Dow Gains 3% for the Week - Market Overview * US * News * Story - CNBC.com

Outlook: Dollar Likely to Ride Higher on Bleak Jobs Report

The dollar is likely to trade higher in the week ahead, with Friday's worse-than-expected U.S. non-farm payrolls data for October seen as the driving force for currency markets at least until mid week.
The dollar eked out a gain against most major currencies other than the yen after the government said the unemployment rate rose to 10.2 percent, the highest since April 1983.
Currency Outlook: Dollar Will Ride Higher on Bleak Jobs Report - Forex Currencies * US * News * Story - CNBC.com

How Fed Will Trigger Correction: Market Pro

Friday's Labor Department report showed that unemployment rate unexpectedly jumped to 10.2 percent in October, even though the pace of job losses slowed. How do the numbers affect the markets? David Joy, chief market strategist at RiverSource Investments, and Keith Goddard, president of Capital Advisors, shared their insights.
“I read it as a relatively constructive number, because the trend continues to improve and the headline number will keep consumer confidence under pressure,” Joy told CNBC.
Joy said he expects businesses to lead the global recovery instead of consumers. He added that, according to the Fed statement from earlier this week, it will take a "long time" to get into an inflationary period.
“So I think the Fed is on hold, as they said, for an extended period of time," he said. "I think that means well into next year if not beyond.”
CNBC Stock Blog — Correction Coming when Fed Ends 'Easy Money': Market Pro — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Correction Coming in this 70s Retro Rally: Charts

The current market rally will stop in the next few days, a correction of at least 3 weeks will follow, but stocks will rebound and finish high in 2010, independent trader Bill McLaren said Friday.
Once this correction has finished, it “will be followed by a strong trend up to complete in 2010 for a significant top,” Mclaren told CNBC.
The current recovery outlook for the S&P 500 index mirrors that of the Dow in 1975, McLaren said, adding that the “index has been following this roadmap very well.”
The crisis of ’75 was “the last time that there was a dominate five-year bear cycle which we’re in right now,” he said, adding that “we can expect the same type of trend that occurred in '75-'78 to occur from now to 2012.”
Correction Coming in this 70s Retro Rally: Charts - Economy * Europe * News * Story - CNBC.com

Fears of Bubble Prompt Investors to Seek Exit Strategy

Fears that the meteoric rise in stocks and commodities prices is creating another asset bubble have investors debating whether to pull back now or ride the rally until the bubble bursts next year when the Fed starts raising interest rates.
Warnings about another asset bubble—which have become more pronounced recently from economist Nouriel Roubini as well as others—stem from concern that the market's continued rally is not the result of an improving economy but the Fed's low interest rates, which make dollar-denominated assets cheaper.
"The thing that's super-difficult to gauge is how much longer will these assets all keep rising in tandem. It's virtually impossible to gauge but it could end up surprising people and go longer than people think," says Chip Hanlon, president of Delta Global Advisors in Huntington Beach, Calif.
Fears of Market Bubble Have Investors Debating Exit Strategy - Markets * US * News * Story - CNBC.com

Jobless Rate Jumps to 10.2% as Labor Market Still Weak

The U.S. unemployment rate unexpectedly jumped to 10.2 percent in October, breaching the politically sensitive double-digit barrier for the first time in 26-1/2 years, even though the pace of job losses slowed.
A Labor Department report showed on Friday that employers cut 190,000 jobs last month, more than the 175,000 markets had expected. Economists had looked for the jobless rate to rise to only 9.9 percent from 9.8 percent the prior month.
"The unemployment rate of 10.2 percent is problematic because it gives a sense of urgency to Washington, D.C. Washington will be looking for any increase in stimulus," said Tom Sowanick, co-president and chief investment officer at Omnivest Group.
Jobless Rate Jumps to 10.2% as Labor Market Still Weak - Economy * US * News * Story - CNBC.com

What The Street Thinks of The Jobless Report

S&P Futures dropped about 10 points as the October Unemployment rate hit 10.2 percent, the highest since April 1983.
While this will be the headline in the papers, bear in mind that unemployment in the 1982 recession peaked at 10.8 percent at the end of 1982.
October Nonfarm Payrolls were also worse than expected, with a loss of 190,000 jobs vs. expectations of a loss of 175,000. There were revisions UPWARD in August and September.
What The Street Thinks of The Jobless Report - Trader Talk with Bob Pisani - CNBC.com

BNSF CEO: Buffett's Bid for Railroad "Warmly Received" In Washington

Burlington Northern Santa Fe CEO Matt Rose says the railroad's proposed acquisition by Berkshire Hathaway is being "very warmly received" by Washington policy makers.
Rose makes the comment in a voice message to BNSF employees posted today on the company's intranet. A transcription has been filed with the SEC.
"All I can tell you is, 'Wow, what a difference it makes.' This transaction is really being very warmly received. And the reason is exactly what we told all of our employees on Tuesday, and that is that Berkshire has a tremendous track record of buying well-run, well-maintained companies and leaving them alone in order for them to fulfill their mission. And it also helps to have, as I described it on Tuesday, probably the most significant business icon, Warren Buffett, leading this effort."
BNSF CEO: Buffett's Bid for Railroad "Warmly Received" In Washington - Warren Buffett Watch - CNBC.com

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Dow Ends at New Highs for Year After G20 Pledge

FedEx Express to boost hybrid fleet by 51 trucks

FedEx Express will purchase 51 gasoline-electric hybrid vehicles from Azure Dynamics Corp.
The vehicles will be delivered in November and December; most of those will be put into service at a Bronx, N.Y., station. That station will have an all-hybrid fleet of about 100 trucks.
This will bring FedEx Express’ fleet of hybrid electric and electric vehicles to 325.
“The tough driving and delivery conditions of New York City, mainly the stop-and-go-traffic, is an ideal environment to prove that efficient and cleaner transportation technologies are a viable alternative to conventionally equipped trucks,” Mitch Jackson, FedEx Corp. director of environmental affairs and sustainability, said in a statement.
FedEx Express to boost hybrid fleet by 51 trucks - Memphis Business Journal:
Electric Hybrid Bus Engines | Videos | Azure Dynamics
Azuredynamics Video
Hybrid Electric E450 Drive System, Hybrid Trucks

FedEx Delivers Holiday Cheer to U.S. Armed Services Members and Their Families

Trees for Troops Program Celebrates 5 Years of Supporting U.S. Soldiers

For the fifth consecutive year, FedEx Corp. and the Christmas SPIRIT Foundation are teaming up for Trees for Troops, a program created to deliver support and cheer to members of the military and their families during the holiday season. Throughout this holiday season, Trees for Troops will deliver approximately 16,000 real Christmas trees to more than 50 military facilities in the United States and overseas.
“FedEx and its team members are pleased to support Trees for Troops, delivering holiday cheer to military men, women and families,” said Douglas G. Duncan, president and CEO, FedEx Freight. “Now in its fifth year, this program provides us the opportunity to say thanks to those who serve our country in the Armed Forces.”
“The FedEx team considers it a privilege to help coordinate Trees for Troops,” said Stan Bradford, freight flow analyst for FedEx Freight who assists with planning the tree pickup and distribution logistics for the program. “As an Army veteran, I am glad that FedEx is taking this step to support these very deserving men, women and families.”
FedEx Delivers Holiday Cheer to U.S. Armed Services Members and Their Families - Yahoo! Finance
FedEx Special Delivery | About FedEx

<script type=&quot;text/javascript&quot; src=&quot;http://resources.news.fedex.designcdt.com/fedexvideo.js&quot;></script><script type=&quot;text/javascript&quot;>fedexvideo(&quot;http://resources.news.fedex.designcdt.com&quot; , &quot;FedExSpecialDelivery___Trees4Troops&quot;, 10215)</script>

YRC Worldwide starts debt exchange; failure could mean bankruptcy

YRC Worldwide Inc. has started its debt-for-equity exchange offer, a vital step in the company’s turnaround plan that, if unsuccessful, could end in bankruptcy.
If successful, the exchange — which would trade about $536.8 million in debt for what could be 95 percent of YRC’s common shares — promises Overland Park-based YRC a more firm financial footing. The proposal followed “several months of ongoing, active dialogue with representatives of the noteholders,” YRC said in a Monday release.
If the exchange fails, YRC would talk to stakeholders about other ways to restructure outside court, including potential amendments to the exchange offer, YRC said in a Monday filing with the Securities and Exchange Commission. If such efforts still fell short, it would file bankruptcy, probably with a plan prepared in advance, the filing said.
YRC Worldwide starts debt exchange; failure could mean bankruptcy - Kansas City Business Journal:

Manheim Selects UPS to Manage Vehicle Transport

Long-Term Vehicle Transport Alliance Will Simplify Process, Expedite Deliveries for Manheim Customers

Manheim, a leading provider of automotive remarketing services, has selected UPS to oversee its entire supply chain for moving millions of used vehicles each year to the wholesale market.
Manheim selected UPS because of its reputation as a global leader in supply chain and freight services, expertise in transportation logistics, experience in moving vehicles and excellent customer service.
“After an extensive review of our vehicle transport operations, we identified opportunities to improve efficiencies and deliver a more consistent experience for our customers,” said Brett Franklin, senior director, Manheim. “Working with UPS, we found a partner that understands the type of logistical expertise, coordination and quality of service required and offers the best transport solution for us and our customers.”
Manheim Selects UPS to Manage Vehicle Transport - Yahoo! Finance
UPS: Business Solutions

Con-way Inc. Named to Inbound Logistics' Top 25 List of Green Supply Chain Partners

Inaugural G25 Index Recognizes Companies for Efficient and Eco-Friendly Operations

Con-way Inc. today announced that it has been named to Inbound Logistics' inaugural 25 Green Supply Chain Partners (G25) list. The first annual index recognizes transportation companies that are implementing efficient, measurable sustainability programs. According to Inbound Logistics, the G25 represents the industry's sustainable supply chain visionaries that are on the &quot;cutting edge of green.&quot; Click here to view the full list.
&quot;Today the green movement has evolved to a point where companies are being held accountable for making significant and measurable contributions to the sustainability of the environment,&quot; said David L. Miller, Con-way's senior vice president, global policy and economic sustainability. &quot;It's an honor to know that Con-way is being included among the leading innovators in sustainability for the transportation industry and is being positioned as a role model in this ongoing journey of improvement.&quot;
Con-way Inc. Named to Inbound Logistics' Top 25 List of Green Supply Chain Partners - Yahoo! Finance

CEO of Old Dominion Freight Line Video

Trucking CEO Stays Cautious

David Congdon, CEO of Old Dominion Freight Line, says business remains tight for the trucking industry.
Trucking CEO Stays Cautious

ODFL Sets Improved Service to Canada

Old Dominion Freight Line said it is improving its Northwest gateway into Canada effective Monday, which will connect more than 65 of its service centers to Edmonton and Calgary, Canada.
“By utilizing our Northwest gateway, we can reduce border crossing times for our customers,” said Chuck Powell, ODFL’s vice president for the Pacific Northwest.
The service will reduce border crossing times by providing a single gateway into Alberta, Canada, through Old Dominion’s Great Falls, Mont., location.
ODFL Sets Improved Service to Canada | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Missouri Truckload Carrier to Shutter

Joplin, Mo.-based Sitton Motor Lines has decided to close its doors, according to the Springfield Business Journal. The truckload carrier will most likely see its 250 employees laid off, including drivers and administrative and service personnel.
Richard Sitton, president and CEO, told the Journal he wasn't sure how the closing would play out, but that it would be a smooth liquidation.
Sitton Motor Lines was founded in 1979 by David Sitton and his two sons, Richard and Michael. The company started out serving 13 states with five owner-operator tractors and 50 new trailers.
Sitton, a privately held corporation, operates as an irregular route common and contract carrier, providing truckload transportation service throughout the U.S.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

FTR: We're on the Bottom, But Where Do We Go From Here?

&quot;We really have reached a bottom, and that's a good thing.&quot; &quot;We think the economy is starting to improve.&quot; These are just a few of the promising phrases listeners heard from Eric Starks, president of FTR Associates, and Economist Bill Witte, respectively, during an FTR webinar Friday morning. The forecasters presented the good news in their Commercial Truck and Vehicle Outlook.
But, as with most good news that comes from FTR, it almost always comes with a caveat: there's no free lunch. Starks explained that there's still a lot of uncertainty about how long it will take for things to firm up. At a minimum, things won't start firming up until the third quarter of 2010, he predicts.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...10,226.94 +203.52 +2.03%

Nasdaq...2,154.06 +41.62 +1.97%

S&P 500...1,093.08 +23.78 +2.22%


SAIA...15.07...+1.19...+8.57%
VTNC...8.67...+0.56...+6.91%
FDX...81.19...+4.07...+5.28%
ODFL...25.80...+1.11...+4.50%
JBHT...32.65...+1.10...+3.49%
KNX...16.79...+0.41...+2.50%
UPS...56.21...+1.35...+2.46%
HTLD...14.04...+0.30...+2.18%
LSTR...36.84...+0.62...+1.71%
ABFS...23.91...-0.11...-0.46%
CNW...30.02...-0.33...-1.09%
YRCW...1.18...-0.04...-3.28%

FDX--
Don Dion's Weekly ETF Blog Wrap | ETF | Financial Articles & Investing News | TheStreet.com
FedEx Express to boost hybrid fleet by 51 trucks - Memphis Business Journal:
FedEx Further Expands its Environmentally-Friendly Vehicle Fleet With Order of 51 New Azure Dynamics Hybrid Electric Delivery Vans - Yahoo! Finance
FedEx Delivers Holiday Cheer to U.S. Armed Services Members and Their Families - Yahoo! Finance
http://secure2.thestreet.com/cap/lo...m/p/_yahoo/rmoney/jimcramerblog/10624165.html

UPS--
Manheim Selects UPS to Manage Vehicle Transport - Yahoo! Finance
Manheim taps UPS supply chain services - Atlanta Business Chronicle:

CNW--
Con-way Inc. Named to Inbound Logistics' Top 25 List of Green Supply Chain Partners - Yahoo! Finance

ODFL--
Trucking CEO Stays Cautious
Summary of OLD DOMINION FREIGHT LINE INC/VA - Yahoo! Finance
ODFL Sets Improved Service to Canada | Transport Topics Online | Trucking, Freight Transportation and Logistics News

ABFS--
Rocket Stocks for the Week | Stockpickr | Financial Articles & Investing News | TheStreet.com

YRCW--
Summary of YRC WORLDWIDE INC - Yahoo! Finance
YRC Worldwide Commences Debt for Equity Exchange Offer - Yahoo! Finance
YRC Worldwide starts debt exchange; failure could mean bankruptcy - Kansas City Business Journal:
YRC Worldwide launches debt-for-stock swap - Yahoo! Finance
Summary of YRC WORLDWIDE INC - Yahoo! Finance

Dow Ends at New Highs for Year After G20 Pledge

Stocks rallied Monday, building off of their best weekly performance in a month, as a pledge by the G20 to keep stimulus in place spurred investors' appetite for risk.
The Dow Jones Industrial Average jumped 203.52, or 2 percent, to close at 10,226.94, a new high for 2009. The S&P 500 gained 2.2 percent and the Nasdaq advanced 2 percent.
Dow Ends at New Highs for Year After G20 Pledge - Market Overview * US * News * Story - CNBC.com

Art Cashin: I'm Still Skeptical About Markets

Toward the end of last week, the markets saw a huge run-up. Does this bode well for stocks this week? Art Cashin, director of floor operations for UBS Financial Services, offered CNBC his insights.
&quot;I am still skeptical about the markets,&quot; says Cashin. &quot;We are still in what could be a topping process.&quot;
&quot;What I want to see are better economic reports coming out. The private sector hasn't kicked in yet for the recovery,&quot; said Cashin.
&quot;Today (Monday) is basically a non event day. The market will just be checking its pulse,&quot; Cashin said.
CNBC Stock Blog — Art Cashin on Interest Rates, Fed, Inflation, Jobless Claims — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Are You Making These Costly Investing Mistakes?

In the last 30 days, the Dow’s volatility increased significantly and took investors on quite a roller coaster ride.
As such, I’m hearing from a lot of people who wonder what to do next.
I’m going to answer some of the questions I’ve received in upcoming issues of Investor Brief, so stay tuned for that, but first I want to share some words of wisdom from two of the best investors I know (both are contributors to my Wall Street newsletter).
Are You Making These Costly Investing Mistakes? - Investor Agenda with Maria Bartiromo - CNBC.com

Time Is Here to Look at Overseas Stocks: Bill Gross

Middle-aged investors looking to retire in about 20 years should position their portfolios to have a 25 to 30 percent stake in equities outside of the United States, Bill Gross, co-chief investment officer at PIMCO told CNBC Monday.
&quot;Stocks or equity investments are better made in strong growth economies—that's not the US,&quot; Gross said. &quot;You go where the growth is, and today, that would be in developing markets such as Brazil or Asia.&quot;
The US stock market is likely the most overvalued global market, Gross said, pointing out that it has a higher P/E ratio than the United Kingdom or Brazilian markets, but a lower yield. Ten-year bonds in those two countries also far outyield those in the United States, he said.
Investors Should Limit Exposure to US Equities: Gross - General * US * News * Story - CNBC.com

Flaw in US Data Overstates Growth, Productivity

A widening gap between data and reality is distorting the government’s picture of the country’s economic health, overstating growth and productivity in ways that could affect the political debate on issues like trade, wages and job creation.
The fundamental shortcoming is in the way imports are accounted for. A carburetor bought for $50 in China as a component of an American-made car, for example, more often than not shows up in the statistics as if it were the American-made version valued at, say, $100. The failure to distinguish adequately between what is made in America and what is made abroad falsely inflates the gross domestic product, which sums up all value added within the country.
Flaw in US Data Overstates Growth, Productivity - General * US * News * Story - CNBC.com

China Growth Shows GM Good Fortune

The latest sales numbers out of China this morning are further vindication that General Motors strategy in that country is paying off.
Thanks to a government incentive program stoking demand for new vehicles, GM sales soared 77 % last month - this at a time when auto sales for the entire auto industry also took off.
So far this year, GM has sold more than 1.5 million vehicles in China. Not far behind GM U.S. sales which are 1.71 million this year.
China Growth Shows GM Good Fortune - Behind the Wheel with Phil Lebeau - CNBC.com

Dow Industrials at New Highs—But Other Indices Lag

Dow Industrials hits new highs, but other indices lag. In most recoveries, small caps notably outperform big caps, but this has not been the case with this recovery.
On just a numbers basis, it look like small caps have done well. Since the March bottom, the Russell 2000 has outperformed the S&P 500: 60 percent to 51 percent.
Dow Industrials at New Highs—But Other Indices Lag - Trader Talk with Bob Pisani - CNBC.com

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[imported_River17]

Dow Ekes Out a Gain; Priceline Surges

FedEx Readies for the Holiday Season

50 Million Packages to Move Through FedEx Network During Busiest Week

FedEx Corp. expects to move more than 50 million packages through the global FedEx Express, FedEx Ground and FedEx Freight networks during the week of December 14, 2009, its busiest week of the year.
“The cornerstone of our success at FedEx is our 275,000 team members who work tirelessly to make every FedEx experience outstanding,” said Frederick W. Smith, chairman, president and CEO of FedEx Corp. “As our team members deliver the holidays, they provide our customers the reliability of our unmatched global networks backed by the broadest range of shipping solutions available to suit their needs.”
FedEx Readies for the Holiday Season - Yahoo! Finance

FedEx says IRS won't impose penalties for 2004-06

FedEx says IRS won't impose penalties for 2004-2006 in battle over driver status

FedEx says the IRS will not impose tax penalties for 2004 through 2006 in the package delivery company's long-running battle over the classification of its FedEx Ground drivers as contractors instead of employees.
The IRS also recently withdrew its initial penalty of $319 million plus interest from an audit from 2002.
FedEx says IRS won't impose penalties for 2004-06 - Yahoo! Finance

Will Chrysler Return to Class 8 Trucks? Link with Fiat's Iveco Might Make It So

Will Chrysler return to the Class 8 market that it left 34 years ago? Fred Diaz, CEO of Chrysler LLC's Dodge Ram Truck, said his group will explore expansion into heavy trucks while it adds Euro-style cargo vans and a new American light pickup. They'll all be called Rams but not overtly Dodge Rams because the Ram name has gained near-stand-alone brand status within Chrysler.
However, for Australia Iveco also makes a heavy conventional model called the Powerstar, which could find acceptance in North America. Powerstar comes in day- and sleeper-cab versions, with big-bore diesels rated at 450 to 560 horsepower, and with transmissions that include a 16-speed automated mechanical gearbox (more details are at Iveco heavy commercial vehicles: Powerstar). Like most other diesels overseas, Iveco's Curser engines will use selective catalytic reduction to meet the latest Euro exhaust emissions limits, and would presumably do so to meet EPA limits in the U.S. and Canada.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

FFE Posts $2.6 Million Loss in 3Q

As a result of lower demand for transportation services, excess capacity and downward pricing pressure, Frozen Food Express Industries, Dallas, reported a loss of $2.6 million, or $0.15 a share, in the third quarter. While it's a narrower loss than the company's second quarter, this compares to net income of $1.4 million, or $0.08 a share, in the year-ago period.
&quot;2009 has undoubtedly been the toughest operating conditions our industry has seen in quite some time,&quot; said Stoney M. Stubbs, president and CEO. &quot;We continue to experience significant revenue and profit challenges that we believe are the result of the weak economy, increased unemployment and changes in consumer buying habits. While our results reflect the negative impact of the current economic recession, we continue to place an emphasis on cost controls while focusing on customer initiatives to incrementally increase revenue and profits which has allowed our results to improve every quarter during 2009.&quot;
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Western Star Still Going Strong

Western Star last week staged a dealer meeting in Las Vegas to underscore its new structure as a separate business unit under Daimler Trucks North America. Trucking reporters were invited to drive some of the division's on- and off-highway products and meet the new management.
The final truck, an on-highway rotary-boom wrecker, made this overgrown Tonka Toy a piker, though. At $600,000, it is the star of Ten-West Towing of Bakersfield, Calif. Powered by a 575-horsepower Series 60 14-liter with an 18-speed, it features dual 20,000-pound lift axles and a 55,000-pound tandem. The top-rated wrecker with its 355-inch wheelbase has a tripled frame and tips the scales at 81,000 pounds ready to roll.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...10,246.97 +20.03 +0.20%

Nasdaq...2,151.08 -2.98 -0.14%

S&P 500...1,093.01 -0.07 -0.01%


CNW...31.44...+1.38...+4.59%
ABFS...24.49...+0.58...+2.43%
ODFL...26.24...+0.44...+1.71%
UPS...56.86...+0.66...+1.17%
FDX...82.13...+0.91...+1.12%
SAIA...15.17...+0.10...+0.66%
HTLD...14.00...-0.04...-0.28%
KNX...16.74...-0.05...-0.30%
JBHT...32.49...-0.16...-0.49%
VTNC...8.70...-0.05...-0.57%
LSTR...36.47...-0.37...-1.00%
YRCW...1.10...-0.08...-6.78%

FDX--
FedEx: An Upbeat Holiday Forecast -- Seeking Alpha
FedEx: Analysts' Upgrades, Downgrades | Analysts' Upgrades and Downgrades | Financial Articles & Investing News | TheStreet.com
FedEx Readies for the Holiday Season - Yahoo! Finance
FedEx sees biggest-ever peak day in December | Markets | Markets News | Reuters
UPS Is THE Holiday Stock
Summary of FEDEX CORP - Yahoo! Finance
UPDATE 1-FedEx says IRS drops Ground assessment for 2004-6 | Markets | Markets News | Reuters
In Play &reg - Yahoo! Finance - The basics of investing.
FedEx says IRS won't impose penalties for 2004-06 - Yahoo! Finance
FedEx projects busier busiest day - Yahoo! Finance
Dividend Stocks for the Week | Stockpickr | Financial Articles & Investing News | TheStreet.com
The Energy Debate We Should Be Having - Forbes.com
FedEx Forecasting Boost in Holiday Shipping - FOXBusiness.com
FedEx Establishes First All-Hybrid Facility | Journal of Commerce

UPS--
http://secure2.thestreet.com/cap/lo..._yahoo/rmoney/technicalanalysis/10624348.html
FedEx Forecasts Increase in Holiday Packages - WSJ.com

ABFS--
ABFS: Income Statement for Arkansas Best Corporation - Yahoo! Finance

YRCW--
Summary of YRC WORLDWIDE INC - Yahoo! Finance

Dow Ekes Out a Gain; Priceline Surges

The Dow eked out a gain Tuesday but trading was light and choppy following Monday's rally.
The Dow Jones Industrial Average rose 20.03, or 0.2 percent, to close at 10,246.97, its highest close since October 2008, and fifth straight gain. This came after the Dow chalked up its second 200-plus gain in three sessions on Monday.
The S&P 500 finished flat and the Nasdaq shed 0.1 percent.
Dow Ekes Out a Gain; Priceline Surges - Market Overview * US * News * Story - CNBC.com

US Recovery to be Weak, Erratic: Top Fed Officials

High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.
That means interest rates, currently at historic lows close to zero, should remain near that floor for the foreseeable future, the policymakers said.
&quot;The strength and durability of the expansion is in question,&quot; said Janet Yellen president of the Federal Reserve Bank of San Francisco, in Phoenix, Arizona. &quot;High unemployment, weak job growth and paltry wage increases are a recipe for sluggish consumer spending growth and a tepid recovery.&quot;
US Recovery to be Weak, Erratic: Top Fed Officials - Economy * US * News * Story - CNBC.com

Workers Staying Put at Their Jobs as Jobless Surges

U.S. workers were reluctant to quit their jobs in September as businesses showed no signs of increased hiring, a government report showed Tuesday.
The job separations rate, a measure that covers all terminations of employment, stood at 3.3 percent in September, unchanged from the previous month, the Labor Department said in its monthly Job Openings and Labor Turnover Survey.
With Unemployment Up, Workers Are Slow to Quit Jobs - Economy * US * News * Story - CNBC.com

Three Things the US Can Do To Stop the Dollar's Decline

Since 2001, four consecutive Treasury secretaries have made &quot;a strong dollar policy&quot; the cornerstone of their rhetoric on the U.S. currency. Over that period of time, the currency has lost nearly a fifth of its value. Hint to the current Treasury secretary: it's not working.
Here are three ways Federal Reserve and the Treasury could stop the dollar's decline without changing current policy too much.
Three Things the US Can Do To Stop the Dollar's Decline - Economy * US * News * Story - CNBC.com

Chrysler Makes Smart Call Staying Unplugged—For Now

Ever since Chrysler CEO Sergio Marchionne and his management team unveiled their plan for reviving Chrysler last week, much has been made about what the plan is and is not built around: A heavy emphasis on four cylinder engines and very little mention of hybrids and electric cars.
Also, for all the hype about electric cars coming, they will be here in limited numbers at first. A combination of limited capacity to supply batteries and components along with the usual slow uptake on new technology will limit electric car sales when they first roll out. Heck, look at gas-electric hybrids. After almost a decade of being sold, they still make up less than 3 % of auto sales.
Chrysler Makes Smart Call Staying Unplugged—For Now - Behind the Wheel with Phil Lebeau - CNBC.com

A Red-Ink Train Wreck: The Real Fiscal Cost of Government-Run Healthcare

My friend Dan Mitchell explains in this CF&P Foundation video why Washington's healthcare proposals will result in bloated government and higher deficits.
A Red-Ink Train Wreck: The Real Fiscal Cost of Government-Run Healthcare - Money and Politics Blog - CNBC.com

[YT]7oUx0S6Foss&feature[/YT]

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-19.html

 

[imported_River17]

Dow Rises for a Sixth Straight Session

You’ll Laugh, You’ll Cry At UPS Outlook

United Parcel Service (UPS) has gotten some love on Wall Street for its forecast for business conditions in coming quarters, including the impending holiday season.
Shares have risen 3%, and gotten back within spitting distance of the highs reached two months ago at just shy of $60 a share, after offering some constructive comments about business conditions. Or, at least, comments that sounded constructive.
Still, there seemed to be a lot of ”yes, with a ’but’ ….” or ”no, with a ‘maybe’ ….” to the company’s remarks. Which included its belief that the recovery was real. But gradual. And sustainable. But vulnerable.
You’ll Laugh, You’ll Cry At UPS Outlook - Stocks To Watch Today - Barrons.com

IRS Drops Last FedEx Audit

Decision is major victory for independent contractor model at parcel unit

FedEx says it expects no more audits from the Internal Revenue Service now that the agency for the second time dropped a look at potential penalties in the company’s classification of parcel division drivers as independent contractors.
The IRS, which last month told FedEx it will not impose penalties under an audit for 2002, this week said it also rejected assessments for the years 2004 through 2006.
It’s a major victory for FedEx because the classification of the drivers as independent contractors is a central pillar of the business model at its ground delivery operation, which competes directly with UPS and its unionized parcel delivery work force.
“FedEx Ground’s independent contractor model has been tremendously successful for our customers, the hard-working independent contractors and FedEx Ground for more than 20 years,” the company said. “It is clear that the IRS decision today further validates this business model and we look forward to continue growing the model for many decades to come.”
IRS Drops Last FedEx Audit | Journal of Commerce

Con-way Launches Blog on Public Policy, Sustainability

Diversified carrier Con-way has launched a Public Policy & Sustainability blog at Public Policy & Sustainability | Freight Transportation & Logistics.
The web site includes commentaries by David Miller, senior vice president of global policy and economic sustainability, Randy Mullett, vice president of government relations and public affairs, and special guest bloggers on key issues relevant to the transportation and logistics community in the U.S. and around the world.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Reducing Trucking’s Carbon Footprint

As much as I’d like it to be otherwise, for the foreseeable future, the trucking industry will continue to be virtually 100% dependent on fossil fuels for energy to power our fleets. As such, the industry will remain for some time a significant source of carbon emissions.
We did this in 2008 for both our less-than-truckload and full-truckload operations at Con-way. In our LTL operations, which run both in cities and between them, we turned back the throttle governors of our trucks to run at a maximum speed of 62 mph, down from 65. In our truckload operation, which runs mostly long-haul highway miles across the nation, we turned back their speed governors to 65 mph from 70 mph.
In the process, we made a couple of discoveries. We saved fuel, to the tune of 6.6 million gallons annually, and saw a roughly 3% to 5% improvement in fuel mileage. We lowered annual emissions of CO2 produced by our fleets, reducing them by 942 million tons over previous levels. The change didn’t impact on-time service since on an average run of 500 miles, the speed reduction in our LTL operations added about 25 minutes to the run time.
Reducing Trucking’s Carbon Footprint | Public Policy & Sustainability

New Report Paints Alarming Picture of Our Energy Future

A new report released this week says we're headed for an energy crisis, unless we take practical steps to address energy issues, including increasing demand for oil, higher fuel prices, and diminishing oil supplies. The World Energy Outlook 2009, published by the International Energy Agency, calls for consumers and producers of energy to examine current trends and make some changes.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Dan Rather Produces Second Show on Trucking Industry

Dan Rather made a pit stop at Willie's Place truckstop at Carl's Corner, Texas, Monday to talk to a panel of people in the trucking industry, and to shoot a show that aired Tuesday night on HDNet. The segment is a follow-up to a previous HDNet story that Rather hosted, which focused on concerns related to truck driver training and schools.
According to Norita Taylor, spokeswoman for the Owner-Operator Independent Drivers Association, the panel discussion touched on topics including driver training, hours of service, and the economic environment and its effect on truckers.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Trucker Werner to Pay Shareholders $90 Million

Special dividend reflects ‘firming’ freight trends, analyst says

At a time when many trucking companies are hard up for cash, Werner Enterprises says it will deliver $90 million in special dividends to shareholders next month.
It’s the second consecutive year Werner, a $2.2 billion carrier, will pay a special cash dividend to shareholders, in addition to its regular quarterly dividend of 5 cents per share.
The special dividend of $1.25 per share will be paid to holders of approximately 72 million shares Dec. 8, the company said. Analysts said the move is a good sign.
“This special dividend is not a surprise,” said R.W. Baird analyst Jon A. Langenfeld. “We view it as an indication of solid 2010 free cash flow expectations on a lower capital expenditure outlook and a confirmation of a firming in freight trends.”
Trucker Werner to Pay Shareholders $90 Million | Journal of Commerce


Dow...10,291.26 +44.29 +0.43%

Nasdaq...2,166.90 +15.82 +0.74%

S&P 500...1,098.51 +5.50 +0.50%


VTNC...9.57...+0.97...+11.28%
ODFL...29.00...+2.76...+10.52%
ABFS...26.19...+1.70...+6.94%
CNW...33.60...+2.14...+6.80%
SAIA...16.07...+0.90...+5.93%
JBHT...33.29...+0.80...+2.46%
HTLD...14.33...+0.33...+2.36%
UPS...58.08...+1.23...+2.16%
LSTR...37.16...+0.69...+1.89%
KNX...17.04...+0.31...+1.85%
FDX...82.47...+0.34...+0.41%
YRCW...1.02...-0.08...-7.27%

FDX--
You’ll Laugh, You’ll Cry At UPS Outlook - Stocks To Watch Today - Barrons.com
http://www.nytimes.com/2009/11/11/business/11fedex.html?partner=yahoofinance
Buffett Bought A Choo-Choo (And You Should Too) - Forbes.com
UPS Sees Improved Holiday Demand | Transportation | Financial Articles & Investing News | TheStreet.com
UPS sees 2010 volume growth, higher rates - Yahoo! Finance
Futures Rise on Fed Forecast, China Growth - Market Overview * US * News * Story - CNBC.com
UPS and Fedex Have Holiday Cheer
HALFTIME REPORT: Plays for a Dollar-Dominated Market - Fast Money Halftime Report - CNBC.com
FT.com / Markets - Wall Street hits fresh highs for the year
IRS Drops Last FedEx Audit | Journal of Commerce

UPS--
You’ll Laugh, You’ll Cry At UPS Outlook - Stocks To Watch Today - Barrons.com
UPS Sees Improved Holiday Demand | Transportation | Financial Articles & Investing News | TheStreet.com
UPS sees 2010 volume growth, higher rates - Yahoo! Finance
UPS and Fedex Have Holiday Cheer
Recovery Is Real, But Vulnerable - UPS -- Seeking Alpha
UPS sees better US holiday demand, will raise 2010 rates | Markets | Markets News | Reuters
Macy's, AIG: Wednesday's Headlines | The Market Update | Financial Articles & Investing News | TheStreet.com
The UPS Foundation Awards More Than $1 Million to Environmental Organizations - Yahoo! Finance
US STOCKS-Wall Street climbs after China data, Fed comments | Markets | Markets News | Reuters
UPS Foundation gives $1M to green causes - Atlanta Business Chronicle:

CNW--
Trucking Stocks Gear Up - MarketBeat - WSJ
CNW: Income Statement for CON-WAY INC - Yahoo! Finance

ODFL--
Trucking Stocks Gear Up - MarketBeat - WSJ

ABFS--
Trucking Stocks Gear Up - MarketBeat - WSJ
Arkansas Best Corporation to Appear at the Stephens Inc. Fall Investment Conference - Yahoo! Finance

YRCW--
Recovery Is Real, But Vulnerable - UPS -- Seeking Alpha

Dow Rises for a Sixth Straight Session

The Dow rose for a sixth straight session Wednesday as the dollar hit a new 15-month low after Federal Reserve officials reinforced the view that rates will remain low for some time.
The dollar rebounded by the close but stocks held onto their gains. Also giving the market a boost was strong Chinese data on factory output and retail sales.
Dow Rises for a Sixth Straight Session - Market Overview * US * News * Story - CNBC.com

Yuan Critics Want Obama to Keep Campaign Promise

U.S. critics of China's currency policy said on Wednesday they were skeptical of a hint from Beijing that it could soon let its yuan rise against the dollar again after an 18-month hiatus.
The critics, representing U.S. business and labor groups, also urged President Barack Obama to live up to his campaign promise last year, when he said he would &quot;insist that China stop manipulating its currency because it's not fair to American manufacturers, it's not fair to you and we are going to change it when I am president of the United States of America.&quot;
Yuan Critics Want Obama to Keep Campaign Promise - China * Asia * News * Story - CNBC.com

Wal-Mart To Continue Retail Success: Analysts

Wal-Mart is reporting third quarter earnings on Thursday and has so far out performed other retailers during the recession. The question is whether the retailing giant can continue to draw in customers as the recovery seems to be picking up.
&quot;I think value is going to be in vogue for some time,&quot; said Binder. &quot;And while other retailers are showing somewhat better results, I think that if you look out over the next few years, you are still going to see a very valued consumer and that's Wal-Mar'ts sweet spot. I think there are brighter days ahead for them.&quot;
CNBC Stock Blog —Wal-Mart To Continue Retail Success: Analysts - CNBC Stock Blog - CNBC.com

Dollar Trouble, Oil's Bubble Could Derail Recovery

The weakness in the U.S. dollar risks inflating a bubble in the oil market, which could threaten consumer spending and potentially cause a double dip recession.
The greenback's decline this year has been lauded as good for America as it benefits earnings, stimulates exports and helps rebalance the U.S. economy. But runaway oil prices could be the Achilles' heel to the thesis that sees only a benign impact of a weak dollar.
Dollar Trouble, Oil's Bubble Could Derail Recovery - Economy * US * News * Story - CNBC.com

Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash

Hewlett-Packard announced after the bell Wednesday that it will acquire 3Com in a deal valued at $7.90 a share, or approximately $2.7 billion in cash, sending 3Com shares sharply higher in after-hours trading.
Also Wednesday, Hewlett-Packard announced preliminary results for the fiscal fourth quarter, putting its revenue at $30.8 billion, down 8 percent from the same time last year, and down 5 percent when adjusted for currency effects.
Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash - Mergers and Aquisitions * US * News * Story - CNBC.com

CNN Anchor Lou Dobbs Says He is Leaving Network

CNN host Lou Dobbs, whose outspoken views on U.S. immigration have made him one of the most controversial figures on cable news, said on Wednesday he is leaving the 24-hour cable news network because he wants a freer platform to state his opinion.
Dobbs, who announced his decision near the start of his nightly news and commentary show, did not say where he plans to go after finishing nearly 30 years at CNN, now a unit of Time Warner Inc
A CNN source told Reuters Dobbs will be concentrating on his syndicated radio show, &quot;The Lou Dobbs Show,&quot; and would not confirm a New York Times report that he had met with Roger Ailes, chairman and chief executive of the Fox News channel, a CNN rival owned by News Corp
CNN Anchor Lou Dobbs Says He is Leaving Network - Media * US * News * Story - CNBC.com

Clowning Around At Work

For those of you in HR charged with hiring from a workforce of Americans whose parents never told them they were stupid for some boneheaded move—they just made &quot;poor choices&quot;—you can appreciate new survey results from CareerBuilder. The job Web site asked nearly 3,000 hiring managers for the most unusual requests they've received from employees.
Clowning Around At Work - Funny Business with Jane Wells - CNBC.com

Cadillac Converj Smart Extension of Volt

It stole the show at last year's auto show. Now the Cadillac Converj is getting the green light from General Motors. This is not only a smart move that could pay off over time for GM, but it also shows how far the auto maker has come in moving quicker when it comes to taking new models from concept to production. This does not mean the Converj will be a slam-dunk, guaranteed winner. Still, I like the move.
Cadillac Converj Smart Extension of Volt - Behind the Wheel with Phil Lebeau - CNBC.com

Addicted to Easy Money?

In an interview with CNBC’s Maria Bartiromo yesterday, Richmond Fed president Jeffrey Lacker refused to offer any clear sign as to when the central bank might finally end its zero-bound policy and begin raising rates. When asked whether he was worried about future inflation, Lacker said he thinks “we’re in a good place with inflation right now.” And when asked whether the U.S. would move to lift rates in 2010, he said, “It could take longer than that.”
Look, I would have asked Lacker if the Fed will tighten policy in my lifetime. He wouldn’t even commit to 2010.
Addicted to Easy Money? - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-19.html

 

[imported_River17]

Dow Snaps Winning Streak; JDS, AMD Soar

FedEx Trade Networks Adds Seven New Freight Forwarding Facilities Across Asia and Europe

Fourteen New Facilities Opened in 2009 to Enhance FedEx Global Freight Forwarding Presence

FedEx Trade Networks, a subsidiary of FedEx Corp. and growing international ocean and air freight forwarder, today announced it has opened seven new freight forwarding offices across Asia and Europe as part of an aggressive global expansion plan. The company has opened a total of 14 new freight forwarding locations in 2009.
“With this latest expansion in Asia and Europe, we can deliver more comprehensive global supply chain solutions to match the world’s ever-changing needs,” said Fred Schardt, president & CEO, FedEx Trade Networks. “Global shippers want flexible and reliable international freight forwarding, and our increased infrastructure can better support their needs between Europe, Asia and North America as well as intra-regionally.”
FedEx Trade Networks Adds Seven New Freight Forwarding Facilities Across Asia and Europe - Yahoo! Finance

Freight Transportation Slowed in September

Freight TSI index drops 0.5 percent after three consecutive gains

The output of the freight transportation industry declined 0.5 percent in September from August, blunting a three-month long recovery, according to a report Thursday from the U.S. Department of Transportation’s Bureau of Transportation Statistics.
The agency’s Freight Transportation Services Index, which includes data from for-hire trucking, rail, inland waterways, pipelines and air freight, fell to 95.7, the lowest level for September since September 1996 when it was 87.7.
The Freight TSI has now declined in 10 of the past 14 months and in five of the nine months in 2009 despite the three consecutive monthly increases that began in June, BTS said. It had increased 2.8 percent between May and August.
Freight Transportation Slowed in September | Journal of Commerce

Menlo Worldwide Logistics Named as a Top Supplier for Sears Holdings Corporation

Company Recognizes Top Suppliers as &quot;Partners in Progress&quot;

Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc., today announced that it has been named a 2008 Partner in Progress for Sears Holdings Corporation. This is the second consecutive year Menlo has received the award and the third time overall.
The prestigious Partners in Progress award is presented annually to a select group of supplier companies that provide Sears Holdings with quality products and services, from apparel, appliances and tools to marketing, facilities design and technology. Less than one percent of Sears Holdings' over 10,000 suppliers earn the coveted award each year.
Menlo Worldwide Logistics Named as a Top Supplier for Sears Holdings Corporation - Yahoo! Finance

Old Dominion Freight Line to Ring NASDAQ Closing Bell on November 17

Closing Bell Ceremony to Be Broadcast Live on the Internet

Old Dominion Freight Line, Inc. announced today that David S. Congdon, President and Chief Executive Officer, will preside over the NASDAQ Closing Bell Ceremony on Tuesday, November 17, 2009. Joining Mr. Congdon at the ceremony will be members of Old Dominion’s executive team and company customers.
Mr. Congdon remarked, “We are pleased to preside over the NASDAQ’s Closing Bell to honor our 75th anniversary, as well as our long and fruitful relationship with NASDAQ. In the 18 years since our initial public offering, our stock price has increased more than 650% and our market capitalization has increased by more than 930%. Throughout this period, NASDAQ has been a great platform for increasing our visibility and for translating the growth of our Company into increased stockholder value. After 75 years in business, we are confident that our ability to deliver comprehensive services and superior service standards will continue to differentiate Old Dominion in the market and enable us to further expand one of our industry’s strongest records of long-term growth.”
Old Dominion Freight Line to Ring NASDAQ Closing Bell on November 17 - Yahoo! Finance

Stimulus Supports 10,000 Transport Projects

State agencies approved transportation construction under ARRA

The economic stimulus law has now racked up more than 10,000 transportation construction projects that it is backing, according to Vice President Joseph Biden and Transportation Secretary Ray LaHood.
They said state agencies this week reported they had approved 10,041 projects for funding under the American Recovery and Reinvestment Act.
Most stimulus projects aided by the Department of Transportation go to highways and bridges, initially for quick-start repairs and resurfacing but increasingly for more lengthy construction including new lanes or bridge structures.
Stimulus Supports 10,000 Transport Projects | Journal of Commerce

Transport CFOs Pessimistic on Recovery, Hiring

Only 22 percent expect to add to payroll in next six months, survey finds

Financial executives at transportation companies are more pessimistic about the economy than their counterparts in other businesses, and few plan to hire workers in the next six months, according to a survey by research firm Grant Thornton.
Even fewer expect their headcounts to decrease in the next six months, reflecting sweeping cuts that have already been made at transporters from ocean shipping lines to trucking companies over the past year.
Only 22 percent of the transportation executives interviewed by the research firm said they will increase hiring in the next six months, compared with 24 percent for all businesses included in the survey. But only 16 percent of the transportation executives said they expect to reduce payroll in that period, compared with 22 percent overall.
Transport CFOs Pessimistic on Recovery, Hiring | Journal of Commerce

Petro Truckstops Now Equipped With Wi-Fi

All Petro Stopping Center locations are now equipped to provide high-speed wireless services, as the company recently joined the Interstate Speedzone wireless internet network.
With this new network, drivers will have access to web mail, news, weather conditions and more from Petro's full-service facilities. The Interstate Speedzone signal is designed to work strongest within Petro's large parking lots and inside the Iron Skillet restaurants.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...10,197.47 -93.79 -0.91%

Nasdaq...2,149.02 -17.88 -0.83%

S&P 500...1,087.24 -11.27 -1.03%


HTLD...14.16...-0.17...-1.19%
LSTR...36.70...-0.46...-1.24%
UPS...56.82...-1.25...-2.15%
FDX...80.70...-1.80...-2.18%
KNX...16.67...-0.38...-2.23%
ODFL...28.35...-0.65...-2.24%
JBHT...32.02...-1.27...-3.81%
CNW...32.28...-1.37...-4.07%
ABFS...25.12...-1.07...-4.09%
VTNC...9.16...-0.41...-4.28%
SAIA...15.05...-1.02...-6.35%
YRCW...0.91...-0.11...-10.78%

FDX--
Cracks in the Foundation of the Fed's Housing Fix - WSJ.com
FedEx Trade Networks Adds Seven New Freight Forwarding Facilities Across Asia and Europe - Yahoo! Finance
FedEx Trade Networks Adds Seven New Freight Forwarding Facilities Across Asia and Europe | FedEx Global Newsroom
U.S. freight index declined in September - MarketWatch
USAA CEO honored as America’s No. 1 veteran in business - San Antonio Business Journal:
FedEx Trade Networks boosts presence in Asia, Europe - Memphis Business Journal:
CNBC Stock Blog — 5-Star Manager's 5 Stocks for Changing Markets — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

UPS--
Paula Deen’s remarkable rise - Postcards

CNW--
Menlo Worldwide Logistics Named as a Top Supplier for Sears Holdings Corporation - Yahoo! Finance

ODFL--
Old Dominion Freight Line to Ring NASDAQ Closing Bell on November 17 - Yahoo! Finance

VTNC--
Vitran Corporation to Present at Stephens Inc. Fall Investment Conference - Yahoo! Finance

Dow Snaps Winning Streak; JDS, AMD Soar

Stocks tumbled Thursday as a weak holiday outlook from Wal-Mart and drop in energy prices offset fewer jobless claims.
The Dow Jones Industrial Average shed 93.79, or 0.9 percent, to close at 10,197.47, snapping a six-day winning streak.
The S&P 500 dropped more than 1 percent to 1,087.24 — the 1,100 mark remains a sticking point for the index. The Nasdaq was the best performer of the three, down just 0.8 percent, amid huge gains in some techs, including JDS Uniphase and AMD.
Dow Snaps Winning Streak; JDS, AMD Soar - Market Overview * US * News * Story - CNBC.com

Charts: Dow Set for Steady Trip to 11,600

The Dow Jones Industrial Average looks set to stage a steady climb to 11,600 points, but it won't get there before Christmas, Daryl Guppy, CEO of Guppytraders.com, told CNBC Thursday.
&quot;A move above 10,000 (points), which is the strongest historical resistance level in the Dow, sets us an upside target of 11,600. Now it doesn't mean we're going to get there by Christmas … but we will move steadily towards that level while that trend level remains as a solid support line,&quot; Guppy said.
Charts: Dow Set for Steady Trip to 11,600 - Economy * Europe * News * Story - CNBC.com

Friday May See 'Risk Trade' Stalling; Dollar in Focus

Traders say they'll be watching the dollar as much as anything Friday.
The Dow slipped 93, or 0.9 percent to 10,197, while the S&P 500 fell 11, or 1 percent to 1,087.
&quot;They're having a little trouble at 1,100 in the S and Ps,&quot; Cashin said. Traders said the 1080 level on the S&P will be an important level for the market to hold.
&quot;Keep your seat belt fastened. It's Friday the 13th. We've had a bit of a failure in risk but it could be bounding back,&quot; Dolan said. The so-called &quot;risk trade&quot; is a tightly linked trade where the dollar moves lower but risk assets, like stocks and commodities move higher. That trade is dependent on the idea of a global economic recovery.
Friday Preview: 'Risk Trade' Stalling; Dollar Watch Continues - Market Insider with Patti Domm - CNBC.com

Job Market Politics to Keep Interest Rates Low

Ugly U.S. unemployment data and Republican Party political momentum could set the stage for a Federal Reserve next year that leans more toward putting workers back on the job rather than scaring off inflation.
With the U.S. unemployment rate at a 26-1/2 year high of 10.2 percent and likely heading higher, the dismal state of the jobs market could punish the Democrats who control Congress in mid-term elections next November, raising the possibility Obama may want to shape the board with politics in mind.
US Job Market Politics May Tilt Fed to Doves - Economy * US * News * Story - CNBC.com

Despite Rhetoric, Obama Has Limited Options To Boost Jobs

Barack Obama rode an economic crisis into the White House in November 2008. Now he’ll have to ride out the last of that economic storm if he’s to keep his own job in three years.
But with unemployment surging and the President’s poll ratings sinking, there’s growing debate about what—if anything—the President can do about the situation.
Nevertheless, the President is facing his greatest test to date and how he handles it depends on a complicated mix of economic, political and personal considerations as well as how much faith he is willing to place in historical precedence.
Despite Rhetoric, Obama Has Limited Options To Boost Jobs - Real Estate * US * News * Story - CNBC.com

Ford, Hyundai, Audi Gaining Interest

In the auto world, everyone is searching for the &quot;Big Mo&quot; - momentum. It's elusive and some of the best-laid plans rarely wind up producing it.
But for three companies, the latest report from Kelley Blue Book shows Audi, Ford and Hyundai are generating more interest with potential buyers.
Audi has been getting plenty of praise for its Q5 and Q7 models. And rightfully so. Those in the market for a luxury SUV/CUV are increasingly realizing Audi is worth checking out. In Fact, KBB says the percentage of potential SUV/CUV buyers looking at Audi has more than doubled.
Ford, Hyundai, Audi Gaining Interest - Behind the Wheel with Phil Lebeau - CNBC.com

The Congressional Assault on Fed Independence

Investors and political analysts should keep a sharp eye on the congressional assault on Federal Reserve independence.
This is a transparent effort by members of Congress to use the financial-reregulation bills as a means of applying political leverage to stop the Fed from any 2010 midterm-election-year exit strategies that might raise the federal funds target rate, stop the purchases of mortgage-backed bonds, and drain cash from the economy.
The Chris Dodd bill unveiled this week spells it all out. The White House would appoint the chairmen of the regional Federal Reserve banks (New York, Dallas, Richmond, etc.), subject to confirmation by the Senate. In addition, the Federal Reserve Board in Washington would appoint all the directors of these regional Fed banks. Right now, the local member banks appoint two-thirds of the directors, with the remaining one-third appointed by the Fed board in Washington.
The Congressional Assault on Fed Independence - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-19.html

 

[imported_River17]

Dow Gains 2.5% for Week; Disney Jumps

WEEKEND EDITION

FedEx Launches Express Service in India

Domestic next-business-day express shipping service covers major cities

FedEx Express launched FedEx India, a domestic next-business-day express shipping service covering major cities in the country.
The move follows the company’s similar domestic launches in China, Mexico and the United Kingdom.
“Adding a domestic express service to our broad portfolio of international products increases our ability to further facilitate commerce for customers doing business in India, demonstrating our continued commitment to the market and our confidence in its future growth,&quot; said Robert W. Elliott, president of FedEx Express, Europe, Middle East, Indian Subcontinent and Africa Division.
FedEx Launches Express Service in India | Journal of Commerce

Truckload Rates Fell 9.4 Percent, Carrier Says

Price reductions matched capacity cuts for truckload carrier Covenant

Average truckload rates fell 9.4 percent in the third quarter despite sharp cuts in capacity compared to last year, carrier Covenant Transport said in a securities filing.
The Tennessee-based carrier in its formal filing to the Securities and Exchange Commission on the quarter said the rate decline compared to the same period a year ago came even though Covenant matched the rate decline with a 9.4 percent reduction in average tractor count.
But what it called the “lackluster freight environment” for shipping cut deeply into pricing, which reduced overall freight revenue 18.2 percent, a major reason Covenant reported a $13.6 million net loss in the quarter.
Truckload Rates Fell 9.4 Percent, Carrier Says | Journal of Commerce

Software Cuts Central Freight Costs

Improved visibility saves time, miles for drivers

Central Freight Lines is using a product from Cheetah Software Services to provide their dispatchers with information that helps cut costs by saving their drivers time and mileage.
Cheetah Freight is a software package that provides real-time pickup and delivery status information that was previously unavailable. Dispatchers can now make decisions more efficiently, on the fly, regarding the best drivers to handle on-demand pickups. Central Freight can use the program to gather information on pickup and delivery status and integrate it into their backend systems for immediate processing, rather than waiting until the end of the day.
“After only six months or so, Cheetah has already helped us accomplish the 3 to 5 percent increase in productivity and the 5 to 10 percent reduction in miles per stop that we hoped to achieve with the solution. But our return on investment has gone far beyond what we anticipated,” said Mark Stein, Central Freight’s director of operations. “Even more important, we’ve been able to remotely dispatch multiple locations from a single location. We’ve been able to consolidate management teams and more efficiently manage the business. And, we’ve been able to provide better customer service by centralizing our customer service function.”
Software Cuts Central Freight Costs | Journal of Commerce

Fuel Transporter KAG Expands on West Coast

Purchase of Reinhard builds KAG operations in Pacific Northwest, Canada

Kenan Advantage Group, the nation’s largest bulk over-the-road fuel transporter, is expanding its territory and business in the Pacific Northwest by acquiring the assets of fuel hauler Reinhard Transportation, Federal Way, Wash. Terms of the transaction were not disclosed.
“We are extremely encouraged by the opportunities Reinhard will provide us as we grow our national footprint in a region we’ve been pursuing for a long time,” said Dennis Nash, president and CEO of KAG, which delivers more than 20 billion gallons of refined petroleum products a year in the U.S.
Fuel Transporter KAG Expands on West Coast | Journal of Commerce

LA Spending on Port Truck Dispute Exceeds $1 Million

Attorney says effort from courts to Congress may go on for several years

The city of Los Angeles has spent more than $1 million in lobbying and litigation to defend the port’s clean truck concession requirements, according to a Southern California attorney.
The litigation so far involves more than 10,000 pages of legal documents, including 219 filings in federal court in Los Angeles and more than 130 filings with the U.S. Court of Appeals for the 9th Circuit, where the courts have rejected city arguments and said the concession requirements are a violation of federal law, attorney Cameron Roberts said.
Also, the city and port have a contract with the Gephardt Group, a high-profile Washington lobbying firm, to urge Congress to draw new limits on federal oversight of interstate commerce and give ports limited regulatory authority over harbor trucking.
Los Angeles, in litigation filed by the American Trucking Associations, is defending the clean truck plan’s concession agreements with motor carriers, including a requirement that allows only for employee drivers of trucking companies to operate at the port.
LA Spending on Port Truck Dispute Exceeds $1 Million | Journal of Commerce


Dow...10,270.47 +73.00 +0.72%

Nasdaq...2,167.88 +18.86 +0.88%

S&P 500...1,093.48 +6.24 +0.57%

Oil...76.35 -0.59 -0.77%

Gold...1,116.10 +10.10 +0.91%


YRCW...1.14...+0.23...+25.27%
FDX...82.00...+1.24...+1.54%
LSTR...37.17...+0.47...+1.28%
JBHT...32.37...+0.35...+1.09%
KNX...16.79...+0.14...+0.84%
HTLD...14.22...+0.06...+0.42%
ABFS...25.20...+0.08...+0.32%
UPS...56.70...-0.13...-0.23%
CNW...32.19...-0.10...-0.31%
ODFL...28.25...-0.10...-0.35%
SAIA...14.95...-0.10...-0.66%
VTNC...9.08...-0.08...-0.87%

FDX--
FedEx Launches Express Service in India | Journal of Commerce
Quotes for FDX - Yahoo! Finance
Shipments Of High Value Smartphone Components Marks Airline Cargo Industry Turning Point According To 50 Year Industry Veteran - Yahoo! Finance
Emerging Markets And Logistics Software Development Key Factors For Success In Air Cargo Business - Yahoo! Finance
Derivative Retail Stock
Jim Cramer's Portfolios of the Week | Stockpickr | Financial Articles & Investing News | TheStreet.com

UPS--
Time is Running Out! - Yahoo! Finance
Quotes for UPS - Yahoo! Finance
Shipments Of High Value Smartphone Components Through Port Of Dubai Marks Airline Cargo Industry Turning Point According To 50 Year Industry Veteran - Yahoo! Finance
Derivative Retail Stock
UPS: Income Statement for UNITED PARCEL SVC - Yahoo! Finance

CNW--
Quotes for CNW - Yahoo! Finance
Con-way Executive to Address Stephens Inc. Conference - Yahoo! Finance

ODFL--
Quotes for ODFL - Yahoo! Finance
ODFL: Income Statement for Old Dominion Freight Line, Inc. - Yahoo! Finance

ABFS--
Quotes for ABFS - Yahoo! Finance
ABF Named on Selling Power Magazine's 2009 'Best Companies to Sell For' - Yahoo! Finance

YRCW--
YRCW: Income Statement for YRC Worldwide, Inc. - Yahoo! Finance

Dow Gains 2.5% for Week; Disney Jumps

Stocks advanced Friday as Disney's earnings beat and JCPenney's outlook helped offset worries about a drop in consumer sentiment.
Stocks started the day higher, then retreated briefly before rallying toward the closing bell.
The Dow Jones Industrial Average gained 73 points, or 0.7 percent, to close at 10,270.47, its highest close since Oct. 2008. For the week, the Dow gained 2.5 percent.
The S&P 500 rose 0.6 percent and the Nasdaq advanced 0.9 percent today.
Dow Gains 2.5% for Week; Disney Jumps - Market Overview * US * News * Story - CNBC.com

Art Cashin: Why Markets Face Huge 1-Day Swings

The U.S. dollar rose on Thursday as policymakers around the world warned the economic recovery was fragile, prompting investors to take profits on gains in higher-yielding currencies and assets.
“The dollar remains a heavy influence,” Cashin told CNBC.
“It isn’t as dominant as it was two or three weeks ago, but my great concern has been that if some kind of geopolitical event popped up…and people started to race to the dollar in a flight to safety, then you can get the markets moving in enormous amounts in a matter of a day or so. And that’s a bother to me.”
CNBC Stock Blog — Art Cashin: Why Markets Face 'Enormous' 1-Day Swings — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

Investors Cut Back US Stocks for Bigger Growth Abroad

Even as the US market continues to rally, many institutional investors are trimming their US holdings and putting more money in foreign stocks—especially those in emerging markets.
Expectations that the US economy faces slow growth in the years ahead—which likely means tepid gains for domestic stocks—have prompted more investors to look abroad for better growth opportunities.
Investors Trim US Holdings, Seek More Growth Abroad - Markets * US * News * Story - CNBC.com

Strategists Say Markets Have More Upside — But How Much?

The stock market clawed higher on Friday while the dollar moved lower and gold prices continued to rise. What should investors expect from the markets going forward?
“We’re cautious—we’re telling clients not to chase stocks at these levels,” Shelton told CNBC.
“Sure, they can move a little bit higher, but risks are high, so you’ve got to do some things that protect the portfolio, you need to hedge it a little bit.”
“From a long-term investment standpoint, you’ve got to like the emerging markets,” he said. “Near-term, we’re a little concerned because we’ve seen this huge rally off the bottom. But there are better growth prospects abroad.”
CNBC Stock Blog — Markets Have More Upside, But How Much? — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

Ghosn's Bet: 10% of World Will Drive EV's in 10 Years

Nissan CEO Carlos Ghosn could not have been any clearer about how many people will buy electric vehicles 10 years from now.
&quot;I'm betting 10% of the global buyers will make a rational decision on what to drive. And I think I'm being conservative at 10%,&quot; said Mr. Ghosn. He made that prediction while discussing Nissan's future over dinner Thursday night.
Ghosn's Bet: 10% of World Will Drive EV's in 10 Years - Behind the Wheel with Phil Lebeau - CNBC.com

Today's Drivers: Retail and Tech

Retail and tech spending appear to be showing modest boosts, and that has been a major driver of stocks.
We all know the consumer is in tough shape, but retailers are in much better shape than last year:
Today's Drivers: Retail and Tech - 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-19.html

 

[imported_River17]

Stocks Gain Over 1%; S&P Closes Above 1,100

FedEx Freight to Test Zero Emission Truck

Vision Industries to reconfigure truck as electric/hydrogen hybrid

FedEx Freight, the less-than-truckload division of FedEx, agreed to a partnership with Vision Industries to test a tractor powered by the hydrogen/electric hybrid Tyrano drive train.
Under the agreement, Vision Industries will configure a FedEx Freight tractor with its zero emission plug-in electric/hydrogen fuel cell hybrid Tyrano drive train. The reconfigured vehicle will then be tested for one year to evaluate the operational suitability of the technology.
“It is our goal to be involved in projects such as this to further the advancement of alternative fuels that both reduce our dependence on foreign oil and are good for the environment,” said Douglas G. Duncan, president and CEO, FedEx Freight. “We are excited about technological advancements we see today in transportation and look forward to what the future holds in this arena.”
FedEx Freight to Test Zero Emission Truck | Journal of Commerce

Still Packing Up Profit

The package-delivery giant is set to serve up outsized earnings in the next economic upcycle, due in part to its growing global presence. Video: FedEx – Good for the Long Haul

FEDEX SHARES HAVE MORE THAN doubled since closing at 34.28 on March 9, handily outpacing the Standard & Poor's 500 Index, as investors poured into cyclical stocks likely to rebound early in an economic upturn.
Although the global economy remains shaky, FedEx has upside for the long haul. It has a growing footprint in big overseas markets like China, enough operating leverage to boost earnings when volumes ramp up, and solid growth at its very profitable FedEx Ground unit. In fact, FedEx and its main rival, United Parcel Service, &quot;are likely to become a global duopoly, and both companies have nearly insurmountable barriers to entry,&quot; says Keith Schoonmaker, a senior stock analyst at Morningstar.
When the economy recovers, &quot;FedEx will be in an even better position than it has been in the past,&quot; says Rob Pickels, a senior analyst at asset manager Manning & Napier, which owns FedEx shares. He estimates that the company, which had profit of $3.67 a share for its most recent fiscal year, can earn $7 to $9 in a more normal economy. &quot;Maybe it takes a while for demand to get back to prior levels,&quot; Pickels adds, &quot;but FedEx is leaner and will have more market share and more earnings power in the next upcycle.&quot; FedEx made $6.67 a share for its fiscal year ended May 2007, before the economy tanked.
Still Packing Up Profit - Barrons.com

UPS pegs Dec. 21 as busiest day of 2009

UPS expects to deliver roughly 22M packages on its busiest day this year -- Dec. 21

UPS Inc., the world's largest shipping carrier, expects to deliver roughly 22 million small packages on its busiest day this year -- projected to be Dec. 21.
UPS, based in Atlanta, said Monday that's about a 40 percent increase over normal daily delivery volumes.
It says that for the entire holiday season, stretching from Thanksgiving to Christmas, it expects to deliver roughly 400 million packages around the world, up slightly compared to the 2008 holiday season.
Peak projections from UPS and rival FedEx Corp. are closely watched because they are an indicator of how well the economy, especially in the retail sector, is doing.
UPS pegs Dec. 21 as busiest day of 2009 - Yahoo! Finance
Still Packing Up Profit - Barrons.com

U.S. Postal Service Lost $3.8 Billion in 2009

Revenue dives $6.8 billion as mail volume plunges 12.7 percent

The U.S. Postal Service lost $3.8 billion in its fiscal year 2009, in what the chief financial officer called “one of the most challenging (years) in the history of the Postal Service.”
Operating revenue dived $6.8 billion to $68.1 billion as volume plunged 12.7 percent to 177.1 billion pieces.
Cost-cutting efforts resulted in $6 billion in savings and a $4 billion reduction in required payments for retiree health benefits, USPS said. The savings came through job losses for 40,000 career USPS employees as well as reductions in overtime hours, transportation and other costs. The health benefit payment reduction was passed into law for fiscal 2009 to allow USPS to maintain fiscal solvency while continuing to provide service.
Despite the savings, this year’s deficit topped last year’s by $1 billion.
U.S. Postal Service Lost $3.8 Billion in 2009 | Journal of Commerce

Volvo to Sell Stake in Chinese Truck Maker

Unsuccessful joint venture sold to Sinotruck after six year effort

Volvo Group will sell its half interest in a Chinese truck manufacturer six years after joining the partnership.
Sinotruck, a wholly owned subsidiary of China National Heavy Duty Truck Group Corporation, will buy all of Volvo’s equity in Jinan Huawo Truck Corporation, the Swedish manufacturer said. Terms of the agreement were not disclosed. The agreement is subject to approval by Chinese government authorities.
Volvo, which makes Volvo, Renault and Mack trucks, lost $485 million worldwide in the third quarter and $1 billion in the second quarter. In the third quarter of 2008 the operating income was $469 million.
Volvo to Sell Stake in Chinese Truck Maker | Journal of Commerce

NTSB Chief Urges Fight Against Fatigue

Hersman calls fatigue an 'insidious' problem throughout transportation

Fatigue “is one of the most insidious issues in the transportation industry,” and more must be done to fight it, said Deborah A.P. Hersman, chairman of the National Transportation Safety Board.
“We establish a 72-hour prior history in every NTSB investigation,” Hersman said at the National Press Club in Washington Nov. 16. “Unfortunately, we find fatigue in more incidents and accidents than you would think.”
She said the NTSB has recommended the Federal Aviation Administration set hours of service rules for flight crews, aviation mechanics and air traffic controllers. It took Congress to change century-old rail employee hours of service rules, she noted.
The Federal Motor Carrier Safety Administration, which has issued truck driver hours of service rules three times since 2003, plans to propose a new HOS rule early next year.
NTSB Chief Urges Fight Against Fatigue | Journal of Commerce

New RoadStar Aimed at New Era of Professional Trucker

As the economy recovers, there will be more demand than ever for safe and business-savvy owner-operators, independent contractors and leased drivers. That's why Newport Communications will introduce the new RoadStar in June 2010.
&quot;The owner-operator, independent contractor and leased driver are vital to our nation's economic well-being, touching nearly every aspect of our lives - from the food we eat and the clothing we wear to the lumber for our buildings and homes and the nuts and bolts that hold our cars together,&quot; says Kate Miller, president and group publisher. &quot;We are excited about the return of RoadStar to the trucking industry.&quot;
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...10,406.96 +136.49 +1.33%

Nasdaq...2,197.85 +29.97 +1.38%

S&P 500...1,109.30 +15.82 +1.45%


VTNC...9.60...+0.52...+5.73%
JBHT...33.51...+1.14...+3.52%
YRCW...1.18...+0.04...+3.51%
KNX...17.38...+0.58...+3.45%
FDX...84.77...2.80...+3.42%
HTLD...14.69...+0.47...+3.31%
ABFS...25.93...+0.73...+2.90%
CNW...32.96...+0.73...+2.26%
ODFL...28.88...+0.63...+2.23%
LSTR...37.92...+0.75...+2.02%
UPS...57.82...+1.13...+1.99%
SAIA...15.11...+0.16...+1.07%

FDX--
Still Packing Up Profit - Barrons.com
Electric Avenue: Or, How to Rev Up the Electric-Car Revolution - Environmental Capital - WSJ
Pops & Drops: Dell, FedEx... - Pops & Drops - CNBC.com
FedEx Freight to Test Vision Industries' Zero Emission Tyrano Truck - Yahoo! Finance
UPS pegs Dec. 21 as busiest day of 2009 - Yahoo! Finance
Group urges gov't to invest in electric cars - Yahoo! Finance
S&P Stocks Trading at New 52-Week Highs - CNBC By The Numbers - CNBC.com
Firms Call for Electric Car Tax-Credit - WSJ.com
http://www.nytimes.com/2009/11/13/business/global/13iraqbiz.html?partner=yahoofinance
US Postal Service has $3.8 bln loss in fiscal '09 | Markets | Markets News | Reuters

UPS--
Still Packing Up Profit - Barrons.com
UPS pegs Dec. 21 as busiest day of 2009 - Yahoo! Finance
UPS Revs its Engines for the Holidays - Yahoo! Finance
UPS sees slight uptick in holiday biz - Atlanta Business Chronicle:
UPS gives $10,000 to Oldham police - Business First of Louisville:
UPDATE 2-UPS sees holidays slightly busier this year | Markets | Markets News | Reuters
Turning a Holiday Job Into a Permanent Position-Minyanville

ODFL--
Old Dominion Freight Line, Inc. (ODFL) President and Chief Executive Officer to Ring The NASDAQ Stock Market Closing Bell - Yahoo! Finance

YRCW--
Still Packing Up Profit - Barrons.com
Bankruptcy Rise Slows With Thaw In Lending - WSJ.com
YRC Worldwide to Present at Stephens Conference - Yahoo! Finance

Stocks Gain Over 1%; S&P Closes Above 1,100

The Dow logged a solid 130-plus gain Monday after Fed Chairman Bernanke signaled plans to leave rates low for a while but ended off its highs after banking analyst Meredith Whitney said the recent market rally is not rooted in fundamentals and the U.S. economy is likely to fall back into a recession next year.
Still, all three major indexes closed at new highs for the year as a weak dollar boosted commodity stocks and a government report showed retail sales rose in October.
Stocks Gain Over 1%; S&P Closes Above 1,100 - Market Overview * US * News * Story - CNBC.com

Strategists' Stock Picks and Short-Term S&P Call

Markets opened higher on Monday, continuing two weeks of gains. Will the markets continue to rise or should investors start to be cautious?
“One has to be cautious…people are forgetting where we were a year ago,” Akre told CNBC.
“From a risk point of view, holding some level of cash in this market is a good idea, even though we’re missing this tail of the rise.”
Akre expects that it will take a long time for the consumer to get back to the market and that the next decade is “not going to look like the last one.”
CNBC Stock Blog — Five Stock Picks and a Short-Term S&P Call — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

Fed's Kohn Sees No Asset Bubbles Building in US

Low rates have allowed investors to move into riskier assets to promote economic recovery, and there are no signs a U.S. asset bubble Building up for now, the Fed's number-two official said.
Fed Vice Chairman Donald Kohn said the recent rise in asset prices reflects several factors: the reversal of the &quot;extreme panicky conditions&quot; of late 2008, the turnaround in economic prospects, and ultra-low interest rate policies in the United States and other key economies.
Fed's Kohn Sees No Asset Bubbles Building in US - Economy * US * News * Story - CNBC.com

Stocks May Rise Further after Fed Waves on 'Risk Trade'

Once more, the Fed has waved on the risk rally.
The Dow, as a result, raced higher Monday, adding 136 points to 10,405 after a much awaited speech from Fed Chairman Ben Bernanke. The S&P 500 jumped 15, or 1.5 percent to 1109, its first close above 1100 since Oct. 2, 2008.
Stocks May Rise Further after Fed Waves on 'Risk Trade' - Market Insider with Patti Domm - CNBC.com

Stocks Overvalued, Recession Will Return: Meredith Whitney

Stocks are overvalued and the US economy is likely to fall back into a recession next year, well-known analyst Meredith Whitney told CNBC.
&quot;I haven't been this bearish in a year,&quot; she said in a live interview. &quot;I look at the board and every single stock from Tiffany [TIF 42.99 0.75 (+1.78%) ] to Bank of America [BAC 15.86 -0.12 (-0.75%) ] to Caterpillar [CAT 60.44 1.66 (+2.82%) ] is up. But there is no fundamental rooting as to why these names are up—particularly in the consumer space.&quot;
Stocks Overvalued, Recession Will Return: Meredith Whitney - Financials * US * News * Story - CNBC.com

Buffett's Berkshire Hathaway Boosts Stake in Wal-Mart

In what appears to be a bet consumers will stick with discount retailers even after the economy rebounds, Warren Buffett's Berkshire Hathaway increased its Wal-Mart holdings by almost 90 percent during the summer.
It added almost 18 million shares, currently worth almost $1 billion, in the third quarter.
Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer - Warren Buffett Watch - CNBC.com

Millions May Have to Repay Part of Obama Tax Credit

More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit.
Taxpayers are at risk if they have more than one job, are married and both spouses work, or receive Social Security benefits while also earning taxable wages, according to a report Monday by the Treasury Department's inspector general for tax administration.
The tax credit, which is supposed to pay individuals up to $400 and couples up to $800, was President Barack Obama's signature tax break in the massive stimulus package enacted in February.
Millions Will Have to Repay Part of Tax Credit - Politics and Government * US * News * Story - CNBC.com

Meredith Whitney: Turns Bearish

Meredith Whitney is making headlines: She has not been this bearish in a year!
Whitney was the first to call the bubble in financial stocks. And then she predicted the stock market rally.
But now Whitney is starting to turn negative again.
Whitney said &quot;folks that are hoping for a robust consumer market, (consumer Christmas) are going to be disappointed. There's nowhere to hide at this point.&quot;
Meredith Whitney: Turns Bearish - Investor Agenda with Maria Bartiromo - CNBC.com

GM Cuts Losses—Plans Early Loan Repayment

Almost 90 days after coming out of bankruptcy, General Motors is showing signs of getting healthy and moving closer to getting back in the black.
And there's no doubt, the &quot;new&quot; GM is doing far better than the old GM.
This company is definitely in better shape than it was before bankruptcy and is better position to get back in the black as auto sales pick up. In other words, it's steady progress. Not spectacular, but steady.
GM Cuts Losses—Plans Early Loan Repayment - Behind the Wheel with Phil Lebeau - CNBC.com

Bernanke Offers Something For Everyone

Little bit of something for everyone in Mr. Bernanke's speech...on the one hand, those worried about dollar weakness were cheered by Mr. Bernanke's remarks that the Fed was &quot;attentive to the implications of changes in the value of the dollar&quot; and implicitly endorsed a stronger dollar.
On the other hand, Mr. Bernanke also noted that the dollar's weakness was merely a retrace of it's gain from the economic panic of last year, when the Dollar Index rallied 25 percent as the dollar became a safe haven.
Bernanke Offers Something For Everyone - 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-19.html

 

[imported_River17]

Dow Ekes Out a Gain, Led by Microsoft

FedEx Introduces SenseAware, the Next Generation Supply Chain Information Platform

Innovative Sensor Hardware, Software and Collaboration Tools to Provide Enhanced Visibility and Collaboration During the Journey of a Shipment

FedEx Corp., today announced SenseAwareSM powered by FedEx, a next generation, first-of-its-kind information service that combines a GPS sensor device and a web-based collaboration platform. Developed by the FedEx innovation team, SenseAware will provide increased access to information between business partners and customers to aid in the management of supply chain interactions and will target the life sciences industry at launch.
Available in the spring of 2010, SenseAware is an open, highly adaptive and easy-to-use sensor information sharing platform. It is a multi-modal solution that will serve customers who desire near real-time visibility and insight into their shipments. SenseAware will provide business decision makers the ability to quickly and easily collaborate on many types of information data across their global supply chain.
FedEx Introduces SenseAware, the Next Generation Supply Chain Information Platform - Yahoo! Finance

Trucker ABF, Teamsters in Concession Talks

Carrier expects to win wage concessions similar to givebacks at YRC
Less-than-truckload carrier ABF Freight System is deep in talks with the Teamsters union to win concessions similar to those the union gave financially troubled competitor YRC Worldwide, including an overhaul of the company’s pension system, the carrier said.
“We are in a dialogue with the Teamsters and hopefully we will reach an agreement soon,” ABF Chief Operating Officer Wesley R. Kemp told reporters Monday at the annual Transcomp and Intermodal Expo.
Kemp said the carrier expects to win wage concessions similar to the givebacks that lowered wages some 15 percent at YRC, the nation’s largest LTL operator. ABF also wants to restructure the company’s pension system by switching to a profit-sharing arrangement to match the savings YRC is gaining from an 18-month hiatus from contributing to the driver pension plan.
Trucker ABF, Teamsters in Concession Talks | Journal of Commerce

YRC seeks to close Richfield truck terminal, shift some work to Copley

Trucking company YRC Worldwide plans to close a terminal in Richfield and move the work to two other Northeast Ohio terminals, including its Copley Township facility.
The financially struggling Overland Park, Kan.-based company, parent of the former Roadway in Akron, has told its Teamsters workers that it is seeking what is called a ''change in operations'' in its contract that will lead to the closing of the terminal at 2977 Brecksville Road.
''Based on the extended poor economic conditions, it is imperative that operations within YRC terminals continue to be consolidated as quickly as possible, thus eliminating inefficiency within the network,'' the company said in its letter to Teamsters officials.
Ohio.com - YRC seeks to close Richfield truck terminal, shift some work to Copley

Swift’s Moyes ‘Bullish’ on 2010

Truckload leader sees ‘opportunities for price improvement’ with demand up, capacity down

Swift Transportation chief Jerry Moyes, turning aside downbeat views of the transportation economy, said Tuesday the truckload giant is seeing gains in shipping and improving balance between supply and demand that signals steady improvement for trucking companies in coming months.
“We’re pretty bullish on 2010,” the chairman and CEO of Phoenix-based Swift said in an interview. “Not just because of the demand but it’s also very important that the supply of capacity has been reduced.”
Swift has dropped some 4,000 of the company’s 18,000 tractors from its fleet and taken some $200 million in annual costs out of its system, part of a broad drive among carriers across the transportation world to cut capacity and operating costs in line with the persistently low demand during the economic downturn.
Swift’s Moyes ‘Bullish’ on 2010 | Journal of Commerce

Knight, Celadon Resist Pressure to Cut Capacity

Maintaining fleets increases long-term potential in recovery, carriers say

Not all motor carriers see cutting excess capacity as the best road to higher rates and improved profitability. Knight Transportation and Celadon Group are among those holding onto trucks and banking on being able to pick up freight from competitors in a recovery.
“With freight demand seemingly have bottomed, we decided to maintain our fleet size and prepare for the opportunity for growth rather than reduce the fleet size,” Knight Transportation said in its third quarter report. Its tractor count fell by 48 from a year ago to 3,752 units. But while it cut 220 company trucks, it added 172 owner-operators.
“We believe that our level of profitability, fleet renewal strategy, and use of owner-operators should enable us to internally finance attractive levels of fleet growth when demand conditions are right,” the company said.
Knight, Celadon Resist Pressure to Cut Capacity | Journal of Commerce

A. Duie Pyle Expands Warehousing in Northeast

Massachusetts warehouse is latest step in regional LTL carrier's expansion

Trucking company A. Duie Pyle is expanding its warehousing operations, opening a 243,000-square-foot warehouse in Westfield, Mass. The less-than-truckload carrier now has seven warehouses with more than 2 million square feet of space in the Northeast.
It’s the company’s second facility at Westfield, where it has a 700,000-square-foot campus at the center of its New England LTL service network. Indoor rail-siding will speed loading and unloading of railcars for shippers using the facility, including a leading producer of ice melt products, said Peter Latta, chairman and owner of A. Duie Pyle.
A. Duie Pyle Expands Warehousing in Northeast | Journal of Commerce

Sitton Motor Lines to Close Doors

Missouri-based Sitton Motor Lines is closing its doors after doing business for 30 years.
The Joplin, Mo.-based truckload carrier had about 560 trucks and more than 1,300 trailers, according to According to American Trucking Associations fleet data.
Sitton Motor Lines was started in 1979 by David Sitton and his two sons, Richard and Michael Sitton, the Springfield (Mo.) Business Journal reported. It began by serving 13 states with five owner-operator tractors and 50 trailers.
Sitton Motor Lines to Close Doors | Transport Topics Online | Trucking, Freight Transportation and Logistics News

October Truck Numbers Point to Possible Pre-Buy

Truck sales jumped in October compared to the previous month, although they're still down from year-ago numbers.
Class 8 U.S. retail truck sales for October were 8,500, according to data from Ward's Communications, up from September's 7,769. October 2008 saw sales of 12,073. Year-to-date Class 8 sales stand at 65,880, down from 110,128 the same time a year ago.
&quot;All indications are that the October increase is due to the filling up of remaining 2009 production slots for trucks with the older 2007 engine technology and to avoid the new 2010 engines, which due to tighter emission standards will be more expensive and will employ new technology,&quot; said Eric Starks, president of FTR.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information


Dow...10,437.42 +30.46 +0.29%

Nasdaq...2,203.78 +5.93 +0.27%

S&P 500...1,110.32 +1.02 +0.09%


SAIA...15.41...+0.30...+1.99%
HTLD...14.81...+0.12...+0.82%
LSTR...38.12...+0.20...+0.53%
FDX...85.23...+0.43...+0.51%
JBHT...33.52...+0.01...+0.03%
KNX...17.38...-0.02...-0.11%
YRCW...1.17...-0.01...-0.85%
UPS...57.06...-0.68...-1.18%
CNW...32.63...-0.40...-1.21%
ODFL...28.47...-0.41...-1.42%
ABFS...25.46...-0.47...-1.81%
VTNC...9.18...-0.42...-4.37%

FDX--
UPS and Fedex Will Need 64,000 Additional Holiday Workers -- Seeking Alpha
Smart phones. Smart networks. Smart packages? - Fortune Brainstorm Tech
FedEx Introduces SenseAware, the Next Generation Supply Chain Information Platform - Yahoo! Finance
Union Pacific, FedEx Lead High-Flying Stocks | Financial Advisor Update | Financial Articles & Investing News | TheStreet.com
FedEx launches sensor device for packages - Yahoo! Finance
Ken Heebner sweet on Apple, not on BofA - Boston Business Journal:

UPS--
UPS and Fedex Will Need 64,000 Additional Holiday Workers -- Seeking Alpha
Canadian celebrities' paintings raise $13,000 for kidney disease - Yahoo! Finance
Former UPS pilot gets 25 years for molesting boys - Yahoo! Finance
Holiday Tradition at The UPS Store Built around Packing and Shipping - Yahoo! Finance
How To Get A Holiday Job - Forbes.com
In Pictures: How To Get A Holiday Job - How To Get A Holiday Job - Forbes.com

CNW--
Zacks #5 Rank Additions for Tuesday - Yahoo! Finance

ABFS--
Trucker ABF, Teamsters in Concession Talks | Journal of Commerce

YRCW--
Ohio.com - YRC seeks to close Richfield truck terminal, shift some work to Copley
Summary of YRC WORLDWIDE INC - Yahoo! Finance

Dow Ekes Out a Gain, Led by Microsoft

Stocks pulled off a gain Tuesday, after spending much of the day in the red. Microsoft led the Dow after several positive analyst comments.
But the retail sector took a hit today after weak outlooks from Home Depot and Target.
The dollar bounced back from a 15-month low on Monday after rare comments from Fed Chairman Ben Bernanke on the dollar. Bernanke said the central bank was &quot;&quot;attentive to implications of changes in the value of the dollar,&quot; but reaffirmed that the Fed planned to keep rates low for an &quot;extended period.&quot;
Dow Ekes Out a Gain, Led by Microsoft - Market Overview * US * News * Story - CNBC.com

Expect Stocks to Rise 15-20% by Mid-2010: Chief Investor

“Stocks are not overvalued,” Carey told CNBC.
“When you take into consideration where earnings estimates are today versus where they were a month ago, two months ago, even six months ago, this market advanced and has been driven by an increase in earnings expectations.”
Carey said stocks have another 15 to 20 percent rise by the middle of 2010.
CNBC Stock Blog — Expect Stocks to Rise 15-20% by Mid-2010: Chief Investor — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

Maybe A Correction Isn't Coming?

If you’re waiting for a correction, hope you brought a book. You may be waiting for a while.
At least, that’s what Raymond James chief investment office Jeff Saut seems to be suggesting. In an article published on Minyanville Saut makes the case that a correction probably isn’t in the cards, -- at least if history is any indication.
Maybe A Correction Isn't Coming? - Rapid Recap - CNBC.com

Ford Fusion Named Motor Trend 2010 Car of Year

Ford's Fusion mid-size sedan was named Motor Trend magazine's 2010 &quot;car of the year&quot; Tuesday, adding to the perception that changes to the No. 2 U.S. automaker's vehicle lineup are gaining traction.
The Fusion was chosen best of 23 new or significantly upgraded vehicles that were eligible for the award after a week of testing, Motor Trend said.
Ford Fusion Named Motor Trend 2010 Car of Year - Automotive * US * News * Story - CNBC.com

Starting Car2Go - Smart Move for Daimler

Start your engines.
Or in this case, the engine of the car you are sharing. The popular programs are about to see major automakers jump into the game. Today Daimler is launching car2go in Austin, Texas. But make no mistake, this is just the start of automakers and rental car companies either jumping into or expanding their car sharing programs.
Car2go will have 200 smart fortwo cars available on demand for people who want to drive around the Texas capital. The cost - 35 cents per minute. That includes gas, insurance, and designated parking spaces in Austin. The company will also have special rates for one day or multiple day uses.
Starting Car2Go - Smart Move for Daimler - Behind the Wheel with Phil Lebeau - CNBC.com

Is Government-Run Health Care Going to Pass?

Is big government, command-and-control of health care and the economy going to pass the Senate, and then the entire Congress, to become law?
Gregg’s a budget expert and member of the Senate Health Committee.
He isn’t too optimistic right now.
He thinks the House version will basically become law. Very scary stuff.
Is Government-Run Health Care Going to Pass? - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-19.html

 

[imported_River17]

Stocks Snap 3-Day Streak; Techs Skid

The professionals at FedEx Office can pack and ship your holiday package at more than 1,800 FedEx Office

Time is Money - Save Both with FedEx This Holiday Season

FedEx Offers Time and Cost-Saving Tips for the Holidays and Beyond

FedEx Corp. offers customers several convenient ways to save time and money when shipping this holiday season.
From discounts offered by FedEx Express, the world’s largest express transportation company, and cost-effective shipping with FedEx Ground to time-saving holiday card and calendar gift options from FedEx Office, FedEx has solutions to make life easier during the holidays.
“FedEx listens intently to the needs of our customers and we are committed to exceeding their expectations at every opportunity,” said T. Michael Glenn, FedEx executive vice president, Market Development and Corporate Communications. “FedEx team members around the world are standing by to save customers time, money and hassle during the busy holiday season.”
Time is Money - Save Both with FedEx This Holiday Season - Yahoo! Finance

Top Trucking Executives Eye 2010 Rebound

Executives foresee fall out of poorly-capitalized motor carriers

Trucking companies that are surviving in today's treacherous economic environment will be well positioned to prosper when traffic begins to rebound next year, according to carrier and shipper executives meeting in Anaheim, Calif.
&quot;It will take six to eight months before we get out of this mess,&quot; David L. Howland, vice president-rail at Schneider National, told the annual transportation conference sponsored by the Intermodal Association of North America, the National Industrial Transportation League and the Transportation Intermediaries Association.
By late summer, however, international and domestic freight volumes will pick up and rates will be on the rise. Banks, which have been lenient with struggling motor carriers because they did not want to be stuck with hundreds of devalued trucks, will demand pay-back, and many poorly-capitalized motor carriers will go bankrupt.
Top Trucking Executives Eye 2010 Rebound | Journal of Commerce

No Concession Talks With ABF, Teamsters Say

Union's freight director denies contract, benefits negotiations under way

The International Brotherhood of Teamsters said no talks are under way with ABF Freight System that would result in concessions for its members.
&quot;There is an erroneous media report that the International Brotherhood of Teamsters National Freight Division is in negotiations with ABF that would result in concessions for our members represented under the National Master Freight Agreement,&quot; Teamsters National Freight Director Tyson Johnson said in a statement today. &quot;Let me be clear – this report is false,&quot; he said.
Speaking at the annual Transcomp and Intermodal Expo on Nov. 16, ABF Chief Operating Officer Wesley R. Kemp told reporters, &quot;We are in a dialogue with the Teamsters and hopefully we will reach an agreement soon.&quot;
He said the carrier expects to win wage concessions similar to the givebacks that lowered wages some 15 percent at YRC Worldwide, the nation’s largest LTL operator. The agreement between the Teamsters and YRC negotiated a couple of months ago, said Kemp, “was just too great a difference to ignore” between the cost structures at the country’s only large unionized LTL carriers.
No Concession Talks With ABF, Teamsters Say | Journal of Commerce

Werner Enterprises Leaps to Australia

Logistics subsidiary to serve Australian markets, international supply chains

Werner Enterprises isn’t waiting for a U.S. economic recovery — it’s searching for one in Australia.
The $2.2 billion Omaha, Neb.-based trucking and logistics operator established Werner Global Logistics Australia to build up its business Down Under.
“Australia is a market that is relatively insulated from the global economic downturn,” said Graig Stoffel, vice president of Werner Global Logistics.
Werner Enterprises Leaps to Australia | Journal of Commerce

Private Equity Firm to Buy Gainey

Gainey Transportation, which filed for Chapter 11 bankruptcy reorganization more than a year ago, is being purchased by a private equity firm.
According to published reports, Minnesota-based Wayzata Capital will pay $77.8 million for the Michigan-based company. The deal was approved by the bankruptcy judge Nov. 17.
Gainey filed for bankruptcy protection in October 2008 facing a more than $240 million in debt and pressure from lenders, especially Wachovia Bank. At the time of the bankruptcy filing, company owner Harvey Gainey blamed the nation's financial crisis for forcing its lenders, including Wachovia, &quot;to make ill-advised decisions based on their own cash constraints ... our exhaustive efforts to negotiate a constructive agreement with our lending group have been met with a series of increasingly aggressive actions by these lenders.&quot;
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Schneider to Provide Dedicated Service for Emerson

Schneider National said it will take over the transportation operations of Emerson Electric Co., an appliances and electronics manufacturer.
As part of the agreement between the companies, Schneider will provide Emerson with a dedicated fleet, including about 300 drivers, by the end of the year, Schneider said in a statement Wednesday.
The fleet will replace Emerson’s own transportation division, a fleet that was established in 1962 and operated 170 trucks, Schneider said.
Schneider to Provide Dedicated Service for Emerson | Transport Topics Online | Trucking, Freight Transportation and Logistics News

Volvo’s October Deliveries Drop But Orders Show Improvement

Regional Decline Bests Global Downturn of 41%

Volvo AB said Wednesday its North American deliveries fell 28% in October from a year ago, but said orders rose from September.
North American sales for the month fell 1,755 units from 2,443 units a year ago, the Gothenberg, Sweden-based company said in a statement.
Volvo AB is the parent company of Volvo Trucks North America and Mack Trucks. It also includes the Renault, Nissan Diesel and Eicher truck brands.
The Volvo Trucks brand fell 50% worldwide and 39% in North America, while Mack Trucks sales fell 24% overall and just 10% in North America.
Volvo’s October Deliveries Drop But Orders Show Improvement | Transport Topics Online | Trucking, Freight Transportation and Logistics News


Dow...10,426.31 -11.11 -0.11%

Nasdaq...2,193.14 -10.64 -0.48%

S&P 500...1,109.80 -0.52 -0.05%


ABFS....25.77...+0.31...+1.22%
VTNC...9.31...+0.07...+0.76%
UPS...57.38...+0.31...+0.54%
ODFL...28.58...+0.11...+0.39%
CNW...32.75...+0.12...+0.37%
KNX...17.43...+0.04...+0.23%
LSTR...38.16...+0.04...+0.10%
YRCW...1.17...+0.00...+0.00%
HTLD...14.80...-0.01...-0.07%
SAIA...15.34...-0.07...-0.45%
JBHT...32.97...-0.55...-1.64%
FDX...83.70...-1.56...-1.83%

FDX--
UPDATE 1-Agility says suspended, not banned, from US | Markets | Markets News | Reuters
Lowe's Building On Progress
Time is Money - Save Both with FedEx This Holiday Season - Yahoo! Finance

UPS--
UPDATE 1-Agility says suspended, not banned, from US | Markets | Markets News | Reuters
Lowe's Building On Progress

ABFS--
No Concession Talks With ABF, Teamsters Say | Journal of Commerce

YRCW--
&quot;Cadillac&quot; of Trucking Terminals to be Closed by YRCW - GLG News

Stocks Snap 3-Day Streak; Techs Skid

Stocks snapped a three-day winning streak on Wednesday after a report showed housing starts fell sharply in October and weak outlooks from two software firms.
The Dow Jones Industrial Average and S&P 500 lost 0.1 percent. The tech-heavy Nasdaq tumbled 0.5 percent.
Stocks Snap 3-Day Streak; Techs Skid - Market Overview * US * News * Story - CNBC.com

Art Cashin: Housing Data Better Than it Looks?

Construction of new homes in the United States fell sharply last month to the lowest level since April, a sign of potential weakness in the economy's recovery.
“[Housing] starts were down very sharply, but that might be weather-related because permits were only down slightly and if you’re a contractor and you’re having a rainy week, you might want to hold off on building a new home so you don’t get the added cost of doing it,” Cashin told CNBC.
“So you have to look under the headlines to see if it’s perhaps weather-related.”
CNBC Stock Blog — Art Cashin: Housing Data Better Than it Looks? — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Gold Rush to Prevail on Low Rates, Weak Dollar

The latest rush to gold is providing plenty of market buzz even on the quietest days.
Wednesday was a good example. The metal rose to $1,141.20 an ounce, after swinging between $1,136 and a new high of $1,153.40. As gold tallied its eighth record session this month, stocks were treading water, with the Dow losing 11 to 10,424 and the S&P 500 giving up less than a point to 1109. The Nasdaq was down 10 at 2193. The dollar was weaker, and many commodities edged higher.
Gold Rush to Prevail on Demand, Low Rates, Weak Dollar - Market Insider with Patti Domm - CNBC.com

The Dollar Effect: Stocks With Big Foreign Sales Are Booming

By now, every investor who's been paying even mild attention to the markets knows of the strong connection between stocks and the dollar. When the dollar goes down, the market goes up and vice versa.

But is there any method to the market's madness? Are all stocks going up when the dollar falls, or are investors making any actual choices? Have they bid up higher those stocks that could reasonably be expected to benefit from a falling dollar because of greater overseas profits?
Stocks With Foreign Sales Perform Twice as Well as Those Without - Forex Currencies * US * News * Story - CNBC.com

Where Are Stocks, Economy Headed? Who Knows?

If you find yourself unsure of where the stock market and economy are heading, take heart: You're not alone.
End-of-the-world doomsayers and brand-new-day optimists are locked in a heated debate over what's likely to happen in the coming year—a divergence of opinion that some market veterans say is the worst they've ever seen.
Where Are Stocks, Economy Headed? Even Pros Can't Agree - Markets * US * News * Story - CNBC.com

Correction Lurking On The Horizon?

With so much euphoria in the market, are investors simply unable to see that trouble is lurking on the horizon?
According to Doug Kass – the celebrated bearish strategist – a correction isn’t a possibility – it’s a probability.
Kass is being cheeky but his point is clear. “I think there’s some whistling past the graveyard,&quot; going on in the market right now, he says.
&quot;Warning signs are being ignored or are being rationalized away. Investors are all but ignoring the sorry state of small business and the consumer.”
Correction Lurking On The Horizon? - Rapid Recap - CNBC.com

Ford, Subaru and Volkswagen Safest Cars in 2010

Ford, Subaru and Volkswagen sit atop the insurance industry's annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms.
The Virginia-based Insurance Institute for Highway Safety awarded its &quot;top safety pick&quot; on Wednesday to 19 passenger cars and eight sport utility vehicles for the 2010 model year. The institute substantially reduced the number of awards compared with 2009, because of tougher requirements for roof strength.
Ford, Subaru and Volkswagen Safest Cars in 2010 - Companies * Europe * News * Story - CNBC.com

President Zero Sum Goes to Asia

Obama declinism on King Dollar and U.S. economic leadership.
President Obama took his declining dollar to the Asia-Pacific economic conference, and he added to it a declinist opinion of America’s economy.
His big message?
Don’t count on American consumers to lead the world from recession to recovery and beyond.
His second big message? In the U.S., we must save more and spend less.
President Zero Sum Goes to Asia - Money and Politics Blog - CNBC.com

An Interview with Tom Coburn

Last night I spoke with one of the Senate’s brightest lights — Sen. Tom Coburn (R., Okla.), who also happens to be one of only two physicians in the chamber.
We discussed where the Democrats’ behemoth government health-care takeover bill is heading, as well as his plan to read the 2,000-plus page bill in its entirety on the Senate floor.
An Interview with Tom Coburn - Money and Politics Blog - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-19.html

 

[imported_River17]

Dow Falls for 2nd Day, Led by Intel, Alcoa

FedEx Ground Celebrates Opening of New Miami Facility

New $59 Million Facility Bolsters Economic Development in the South Florida Region

FedEx Ground, the small-package ground delivery unit of FedEx Corp., today is celebrating the opening of a new distribution facility in Medley, Fla. The 217,015 square-foot operation is double the size of the facility that it replaces, which also was located in Medley.
The $59 million facility is part of an ongoing national expansion plan and will provide processing rates of up to 15,000 packages per hour, additional load and unload doors, more scan tunnels and sorters — all of which will better serve the increasing customer base in the Miami-Dade county area. The facility supports a workforce of more than 340 employees and independent contractors and expects to add approximately 50 temporary positions for the holiday season.
FedEx Ground Celebrates Opening of New Miami Facility - Yahoo! Finance

Con-way Freight Named a 2009 Top 100 Motor Carrier by Inbound Logistics
Company Named to List for Third Consecutive Year

Con-way Freight, a less-than-truckload (LTL) freight carrier and subsidiary of Con-way Inc., today announced that it has been named to Inbound Logistics' Top 100 Motor Carrier list for the third consecutive year. The company was also recognized in 2007 and 2008. The full list can be found in the September issue of Inbound Logistics.
&quot;In a down economy, business logistics leaders and transportation buyers appreciate motor freight carriers that are proactive, take the lead in offering suggestions, work to cut costs and maintain high on-time delivery and customer service levels. Con-way Freight qualified as an Inbound Logistics 2009 Top 100 Motor Carrier because they have shown consistent results in transforming customers' transportation networks,&quot; said Felecia Stratton, editor, Inbound Logistics.
Con-way Freight Named a 2009 Top 100 Motor Carrier by Inbound Logistics - Yahoo! Finance

Trucking Index Improves but Remains Low

Negative reading signals long wait for substantial recovery

The trucking industry is still mired in the recession and likely won’t pull out until some time next year, according to a widely accepted index of conditions in the market. The FTR Trucking Conditions Index improved in October but remains well below neutral.
The TCI for October increased for the third consecutive month to minus 16.4. That negative score, still well below the neutral level of zero, was the highest reading in the eleven months since November 2008.
“The continued negative TCI reading is a clear sign that the transportation industry is still struggling from the steep downturn seen late last year and into 2009,” said Eric Starks, president of FTR. “Real acceleration in the trucking fundamentals that we track for this index will likely wait for a substantial recovery in volumes and capacity utilization which we don’t expect to occur for at least another year.”
Trucking Index Improves but Remains Low | Journal of Commerce

Freight Recovery Most Likely Headed For Elongated 'U' in 2010

During an interactive session at the 2009 Intermodal Expo and TransComp in Anaheim, Calif., this week, 44 percent of the audience said they expect the economic recovery to play out in a &quot;U&quot; shape, or a slow upturn. Meanwhile, 26 percent anticipate a &quot;W&quot; shape, or a double dip in economic activity. For the most part, panelists agreed with the audience and expect an elongated &quot;U,&quot; meaning the economic recovery is coming, but it will be slow going.
According to Seidl, there has been a slight uptick in the truckload, rail and chemical sectors, but the jury is still out on less-than-truckload. In fact, when the audience was asked which sector will see the most downward pricing pressure in 2010, LTL received 39 percent of the vote, followed by truckload at 24 percent, and ocean at 22 percent. However, the analysts said the fate of LTL will depend largely on whether YRC Worldwide stays afloat or not. Many industry analysts believe the LTL giant is headed for bankruptcy. With it out of the picture, capacity would tighten and rates would rise.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

New Vehicle Registrations Down 38.7 Percent in Third Quarter

A reflection of continued softness in the commercial market and downward pressure on demand, new registrations for commercial vehicles during the third quarter were down 38.7 percent from the 2008 period, according to the September issue of Polk Commercial Vehicle Solutions' Commercial Vehicle Market Intelligence Report. As a result, Polk has reduced its Index of U.S. Commercial Vehicle Activity for the 2009 calendar year by 9,000 units, with the forecast that 2009 will end at about 323,000 units.
On a positive note, used commercial vehicle registrations for the third quarter were up 46.5 percent from 2008, totaling 166,600 units. Used truck activity accounted for 68 percent of commercial vehicle transactions in the third quarter, compared to 49 percent in the year-ago period. &quot;The market for used commercial equipment, as indicated by the level of used vehicle transactions remains near historical highs,&quot; the report said.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Air France-KLM Loses $219 Million on Cargo

Cargo yields collapse in “sometimes desperate” competition

Air France-KLM said its cargo unit booked a $219 million second quarter loss against a year earlier profit of nearly $15 million and won't break even for at least another eighteen months.
The worsening cargo performance contributed to Europe's biggest airline swinging to a $70 million operating loss in the three months to September 30 from a $583 million profit in the same period in 2008.
The Franco-Dutch carrier posted a larger-than-expected net loss, equal to the loss in the cargo segment, of $219 million against year-earlier income of $40.2 million as revenue plunged 19 percent to $8.3 billion.
Air France-KLM has grounded 11 of its 29 freighters -- including eight Boeing 747-400Fs -- amid speculation it plans eventually to hive off its freighter fleet to Martinair, its Dutch cargo and charter subsidiary.
The airline said it plans to trim its 105,000 payroll by 4,500 in the year to end March 2010 and seek further voluntary jobs cuts of between three percent and five percent by March 2011.
Air France-KLM Loses $219 Million on Cargo | Journal of Commerce

Bigger Trucks Greener in Maine, Study Says

Trucking group finds fuel, emissions benefits to use of heavier tractor-trailers

The bigger trucks come, the greener they may run, a trucking research group claims.
In a study that marks another step in a marathon debate over longer, heavier trucks, trucking researchers found that allowing 100,000 pound trucks already permitted on state roads in Maine to use Interstates could reduce the fuel they consume and emissions.
&quot;This research quantifies how the mutual goals of resource conservation and emission reductions could be advanced by allowing Maine to apply state weight laws to its Interstate highways,” said Mike Card, president of Combined Transport in Central Point, Ore., and a member of ATRI’s Board of Directors.
Bigger Trucks Greener in Maine, Study Says | Journal of Commerce


Dow...10,332.44 -93.87 -0.90%

Nasdaq...2,156.82 -36.32 -1.66%

S&P 500...1,094.90 -14.90 -1.34%


HTLD...14.75...-0.05...-0.34%
UPS...57.13...-0.24...-0.42%
VTNC...9.25...-0.10...-1.07%
FDX...82.49...-1.22...-1.46%
KNX...17.16...-0.28...-1.61%
LSTR...37.49...-0.67...-1.76%
JBHT...32.22...-0.75...-2.27%
ODFL...27.78...-0.80...-2.80%
YRCW...1.13...-0.04...-3.42%
SAIA...14.79...-0.55...-3.59%
CNW...31.44...-1.28...-3.91%
ABFS...24.56...-1.21...-4.70%

FDX--
FedEx Ground Celebrates Opening of New Miami Facility - Yahoo! Finance
Six Reasons We Need the Rich-Minyanville
http://podcast.mktw.net/audio/20091119/rnrtemptoperm/rnrtemptoperm.mp3
http://secure2.thestreet.com/cap/lo...m/p/_yahoo/rmoney/jimcramerblog/10629103.html
FedEx Ground opens larger facility in Medley - South Florida Business Journal:
ITT CEO's $2.6 Million Sale - Barrons.com
Video - CNBC.com
Cramer's 'Mad Money' Recap: Taking Advantage of the Pullback (Final) | Mad Money Recap | Financial Articles & Investing News | TheStreet.com

UPS--
http://podcast.mktw.net/audio/20091119/rnrtemptoperm/rnrtemptoperm.mp3
UPS leads in climate rankings - Atlanta Business Chronicle:

CNW--
Con-way Freight Named a 2009 Top 100 Motor Carrier by Inbound Logistics - Yahoo! Finance

Dow Falls for 2nd Day, Led by Intel, Alcoa

Stocks fell sharply Thursday after an analyst downgrade on the chip sector and gains in the dollar.
The Dow Jones Industrial Average lost 93.87, or 0.9 percent, to close at 10,332.44. The S&P 500 fell 1.3 percent. The Nasdaq was the hardest hit of the three, down 1.7 percent.
Dow Falls for 2nd Day, Led by Intel, Alcoa - Market Overview * US * News * Story - CNBC.com

Double-Dip Jitters Cast Pall on Stocks; Techs to Weaken

There was enough discouraging news around Thursday to remind investors that the economy could easily tilt down again.
Friday's markets have no economic indicators to consider, but Dell's disappointing after the bell earnings could spill into tech stocks.
&quot;We now have the Fed stuck on the zero interest rate policy for some time, and I don't think there's anything to do about that,&quot; said Edmonds. &quot;I think what it's doing is forcing people out the Treasury curve and also into riskier assets.&quot;
Double-Dip Jitters Cast Pall on Stocks; Techs to Weaken - - CNBC.com

Senate Gears Up For Historic Debate On Health Care Bill

Congressional budget crunchers said Thurday the Democrats' latest health care plan would hold down federal red ink for at least 20 years, an assessment that gave supporters hope as the Senate moved gingerly toward a historic debate.
&quot;Now it's America's turn, and this will not be a short debate,&quot; warned Sen. Mitch McConnell of Kentucky, the Republican leader. &quot;Higher premiums, tax increases and Medicare cuts to pay for more government -- the American people know that is not reform.&quot;
Senate Gears Up For Historic Debate On Health Care Bill - Healthcare * US * News * Story - CNBC.com

U.S.-China Climate Change Talks Suggest New Policy Focus For Obama

With a flurry of green-focused agreements announced, the world’s two largest carbon emitters—the US and China—may have put the final nail in the coffin of any global carbon reduction agreement at the United Nations' highly anticiated climate change conference in Copenhagen.
“Stick a fork in it,” says a managing director at a private equity fund focused on clean energy technologies, about the chances of agreement in at the Copenhagen. “But now the real fun begins.”
U.S.-China Climate Change Talks Suggest New Policy Focus - Carbon Challenge Series 2009 - Special Report - CNBC.com

Dell Has Some Explaining to Do

Michael Dell in his prepared comments in the company's Third Quarter earnings report points to a recovery in IT spending and cites Microsoft's Windows 7 release as juicing small and medium business spending, as well as spending by the consumer.
And on top of that, while its contemporaries in the market place continue to cut costs, with many ahead of schedule when it comes to their ambitious plans to reduce expenses, Dell conceded tonight that there's still &quot;significant&quot; work to be done to complete its plans to slash $4 billion. In other words, Dell might be improving its efficiencies, and business might be improving around it, but neither is improving nowhere near the pace investors have been hoping for.
Dell Has Some Explaining to Do - Tech Check with Jim Goldman - CNBC.com

Expect a 5-10% Market Pullback: Stock Picker

Stocks fell on Thursday as a stronger dollar weighed on the market. Ronald Weiner, president and chief executive of RDM Financial Group, and Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates, offered their market outlooks and investment picks and pans.
“It looks like the market’s getting tired,” Weiner told CNBC.
“The volume’s not really there on the upside. So what we’re looking at is a pullback of maybe 5 to 10 percent.&quot;
&quot;The global economy is going to outdistance the U.S. going forward, so I think it’s going to be okay—but it’s not going to be that great for the U.S.”
CNBC Stock Blog — Expect a 5-10% Market Pullback: Stock Picker — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

Volvo Talks Show New Day Dawning for China

As Chinese automaker Geely closes in on completing its purchase of Volvo from Ford, two things strike me; The lack of concern among those in the auto business and the lack of paranoia by those outside the industry.
And in both cases it shows how far the Chinese have come in closing the real and perceived gaps between their auto makers and others around the world. You may not like, and you may even fear the Chinese, but it is clearer than ever they are catching up in the car game.
Volvo Talks Show New Day Dawning for China - Behind the Wheel with Phil Lebeau - CNBC.com

The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike

Maybe Bernanke really does have some clout: ever since Monday, when Bernanke engaged in unusual jawboning in support of the dollar, the dollar has stabilized and is even in a mild uptrend.
Pimco's Bill Gross' monthly letter is getting an unusual amount of discussion on trading desks this morning, particularly his insistence that rates will remain low for some time: &quot;Raise interest rates with 15 million jobless and 25 million part-time working Americans? All because gold is above $1,100? You must be joking or smoking - something. We will need another 12 months of 4-5% nominal GDP growth before Bernanke and company dare lift their heads out of the 0% foxhole - mini-bubbles or not.&quot;
The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike - 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-20.html

 

[imported_River17]

Despite 3 Down Days, Dow Gains for Week

WEEKEND EDITION

Bet On The Economy With Fed Ex

In a somewhat similar fashion, investors might want to consider a bet on global shipping giant Federal Express (NYSE:FDX) as a excellent long-term play on a sustained economic rebound. Like Buffett, I emphasize &quot;long-term.&quot; While Berkshire will likely own Burlington for decades, investors would likely need to consider a five-year horizon to appreciate what Fed Ex offers as an investment.
Of course the million dollar question is when and if we will see a normal economy anytime soon. Recessions may officially end in a relatively short period of time, but their aftershocks can go on for years. Nonetheless, FedEx helps businesses and the economy function by facilitating the efficient transport of goods. Just like rails are important to things like coal and grains, FedEx is critical to the transport of documents, packages and business inventory. Such items will naturally go through periods of declining volume, but as with any cycle, usually improve over time. That improvement should translate into increased profit for FedEx and reward long-term investors.
Bet On The Economy With Fed Ex

FedEx Corp. Board Declares Quarterly Dividend

The Board of Directors of FedEx Corporation today declared a quarterly cash dividend of $0.11 per share on FedEx Corporation common stock. The dividend is payable January 4, 2010 to stockholders of record at the close of business on December 14, 2009.
FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $34 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand.
FedEx Corp. Board Declares Quarterly Dividend - Yahoo! Finance

UPS Raises 2010 Rates 4.9 Percent

Increase in average pricing marks boost over FedEx announced rate hike

UPS announced an effective 4.9 percent rate increase for all parcel and express services for 2010 on Friday, exceeding the price increases set earlier by rival FedEx.
The average increase effective Jan. 4, 2010 will include a 6.9 percent hike in the average base price along with a cut in the fuel surcharge index of two percentage points.
The increase comes two months after FedEx Express announced an effective 3.9 percent increase for 2010, based on a 5.9 percent boost in average express pricing for U.S. domestic and U.S. export shipments and a similar cut in the fuel surcharge.
The increase is in line with some of the parcel carrier’s most aggressive annual rate increases in recent years. But it follows a year in which earnings at UPS and other operators have tumbled and pricing has fallen amid declining demand despite the withdrawal of DHL from domestic U.S. service.
UPS said in its report on the third quarter ending Sept. 30 that average revenue per package -- a rough estimate of pricing -- fell 9.1 percent from the same period a year ago, including a 4.3 percent drop in yield for ground shipments and a 23.6 percent decline in overnight express shipments.
UPS Raises 2010 Rates 4.9 Percent | Journal of Commerce

USPS Narrows Branch Closure Review

The U.S. Postal Service said Friday it is narrowing its list of stations and branches under review for possible closure down to 241, part of an effort to cut millions of dollars in operating costs.
The stations and branches, which the USPS did not identify, were culled from a list of some 3,300 the Postal Service began looking at over the summer under a plan to consolidate facilities around the country because of sharply reduced mail demand.
“To shore up its finances, the Postal Service is looking at every aspect of its business to economize,” said Steven J. Forte, senior vice president of operations. “Reducing over-capacity in retail and delivery operations is a smart business move. Every effort is being made to maintain and improve customer access to postal services.”
USPS Narrows Branch Closure Review | Journal of Commerce

California to Set the Stage For Changes in National Transportation Network

Between the California Air Resources Board's emissions rules and the Port of Los Angeles' efforts to regulate trucking and clean the air, the state of California stands to lead the country in critical issues related to trucking.
However these regulations play out, they are sure to have an effect on the national transportation network, according to panelists at the 2009 Intermodal Expo and TransComp in Anaheim, Calif., this week.
While the environmental regulations would be good for business, the underlying implications would not, panelists said. The speakers were referring to the portion of the port's Clean Truck Program that aims to ban owner-operators, with the rationale that these drivers are too poor to afford lower-emissions trucks. The American Trucking Associations has been challenging this in court, seeking an injunction to block the owner-operator ban and other concession requirements.
TruckingInfo.com : We've got trucking covered. Your Source for Trucking News and Information

Dow...10,318.16 -14.28 -0.14%

Nasdaq...2,146.04 -10.78 -0.50%

S&P 500...1,091.38 -3.52 -0.32%

Oil...76.90 -0.56 -0.72%

Gold...1,146.40 +5.00 +0.44%


YRCW...1.25...+0.12...+10.62%
VTNC...9.50...+0.25...+2.70%
ABFS...24.87...+0.31...+1.26%
HTLD...14.92...+0.17...+1.15%
SAIA...14.92...+0.13...+0.88%
UPS...57.53...+0.37...+0.65%
KNX...17.26...+0.09...+0.52%
ODFL...27.65...-0.13...-0.47%
LSTR...37.28...-0.21...-0.56%
JBHT...32.01...-0.21...-0.65%
FDX...81.84...-0.64...-0.78%
CNW...31.06...-0.36...-1.15%

FDX--
Rapid Transition to Grid Enabled Vehicles Not Possible or Desirable -- Seeking Alpha
25 Reasons We Will Not Have a Depression -- Seeking Alpha
Temporary Job Relieves Credit Crunch - Yahoo! Finance
Bet On The Economy With Fed Ex
FedEx Corp. Board Declares Quarterly Dividend - Yahoo! Finance
25% Market Share for Plug-Ins by 2020, Pessimism on Buffett's Pick - Yahoo! Finance
Goldman, Beaten But Unbowed-Minyanville
UPS sets new rates for 2010 - Yahoo! Finance
UPDATE 1-UPS raises 2010 rates by 4.9 percent | Markets | Markets News | Reuters

UPS--
UPS Raises 2010 Rates 4.9 Percent | Journal of Commerce
UPS Sets 2010 Rates - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.
UPS to hike prices by 4.9% for ground packages - MarketWatch
UPS hiking rates for 2010 - Atlanta Business Chronicle:
UPS Raises 2010 Rates - FOXBusiness.com
http://www.nytimes.com/2009/11/21/b...fs-UPSSETS49PER_BRF.html?partner=yahoofinance

Despite 3 Down Days, Dow Gains for Week

Stocks finished lower Friday, despite a last-ditch attempt to rally, as technology shares took yet another hit — this time it was weak earnings from PC maker Dell.
The Dow Jones Industrial Average shed 14.28, or about 0.1 percent, to close at 10,318.16. The S&P 500 lost 0.3 percent, while the Nasdaq dropped 0.5 percent.
The Dow has fallen for the last three days but managed to finish the week up about half a percent. This is its third straight up week. The Nasdaq lost about 1% and the S&P shed about 0.2 percent.
Despite 3 Down Days, Dow Gains for Week - Market Overview * US * News * Story - CNBC.com

Thanksgiving Week Stuffed With Economic News

Markets will take in a heavy helping of economic reports in the shortened Thanksgiving holiday week, but the main course remains the dollar.
In the past week, the dollar gained some traction as stocks were mixed and Treasurys saw a rush of buyers. Commodities finished the week mostly higher. Economic headlines in the week ahead include important real estate data, durable goods, revisions to third quarter GDP and weekly jobless claims. There are also $119 billion in Treasury notes and billions more in bills up for auction in the first three days of the week.
&quot;I don't think people are looking for a big leg up after this, at least into the end of the year. I certainly don't see us being above 1150 before the end of this year,&quot; he said. &quot;I would say between 1025 and 1100 at the end of the year.&quot;
Stock Market and Investing: Thanksgiving Week Stuffed With Economic News - Market Insider with Patti Domm - CNBC.com

Three States Set New Unemployment Records

Three states set new record unemployment rates in October, according to data released today by the U.S. Labor Department.
California (12.5 percent), Florida (11.2 percent), and Delaware (8.7 percent) hit new jobless highs, as did Washington, D.C. (11.9 percent). New York lost the most jobs since the previous month (15,300) and Texas gained the most (41,700).
Three States Set New Unemployment Records - General * US * News * Story - CNBC.com

States With the Highest Unemployment Rates

According to a report released by the Bureau of Labor Statistics , 29 states and the District of Columbia posted an increase in unemployment rates on a month-to-month basis in October 2009, the most recent month available. Thirteen states reported declines. Nationally, unemployment rose to 10.2 percent in October.
States With the Highest Unemployment Rates - Slideshows - CNBC.com

Credit Markets On Edge About When the Fed Will Raise Rates

A deep-seated anxiety about how soon the Federal Reserve will raise rates has caused the widest chasm between short- and long-dated Treasury yields in 20 years, despite the Fed's assurances low rates will stay for some time.
If this wide gap persists, it will lend credence to the notion of a sluggish US economic recovery, as banks and money managers refrain from lending and investing.
Credit Markets Worry Over When Fed Will Raise Rates - Economy * US * News * Story - CNBC.com

High Roller Sues Harrah's for Lost Millions

Former high roller Terry Watanabe is accusing Harrah’s of some serious funny business in Las Vegas.
In what may be the nastiest spat since the days when Vegas handled disputes outside of court—if you get my meaning—Watanabe has filed a lawsuit accusing the casino giant of plying him with alcohol and prescription drugs in an attempt to keep him gambling. In the end, he says he lost more than $100 million.
Drugs, Booze and Vegas - Funny Business with Jane Wells - CNBC.com

Review: What It's Like to Drive the New Chevy Volt

We're now roughly a year away from the much hyped, much anticipated Chevy Volt going on sale and GM is starting to take the wraps off its extended range electric car.
This week I was the first journalist to get an exclusive test drive of a Volt model similar to what we'll see in showrooms next year.
Volt Drive: Great Ride, Interesting Interior and a Friendly Chirp - Behind the Wheel with Phil Lebeau - CNBC.com

This Week's Biggest Story: The Dollar

The story of the week is the dollar's stabilization and the consequent stall in the stock market.
European Central Bank President Jean-Claude Trichet said the ECB will gradually withdraw emergency cash.
Options expiration day.
This Week's Biggest Story: 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-20.html

 

[imported_River17]

Stocks Snap Losing Streak as Dollar Retreats

Greatwide Logistics Services Acquires YRC Logistics' Dedicated Contract Carriage Business

Purchase Strengthens Company's Dedicated Offering and Underscores Greatwide's Growth Strategy

Greatwide Logistics Services, a national provider of third-party logistics services, today announced the acquisition of the contracts, personnel and equipment of the Dedicated Contract Carriage division of YRC Logistics, a subsidiary of YRC Worldwide Inc.. The business will be integrated under the Greatwide Logistics Services brand immediately.
Greatwide will acquire all of the customer contracts from Dedicated Contract Carriage, which include customers in the grocery, steel and auto industries, located in 29 operating locations throughout the country.
&quot;The business obtained through the acquisition of YRC Logistics' Dedicated Contract Carriage aligns perfectly with our industry-leading position in providing dedicated transportation to food and grocery, consumer products and retail customers, while also strengthening our presence in the industrial sector of the market,&quot; said Raymond Greer, CEO of Greatwide Logistics Services. &quot;This acquisition allows us to expand our capabilities to include flatbed dedicated service and apply our transportation management services expertise to new industrial shippers.&quot;
Greatwide Logistics Services Acquires YRC Logistics' Dedicated Contract Carriage Business - Yahoo! Finance

Con-way Multimodal Boosts Business Growth With Six New Independent Agents

New Transportation Specialists Bring Extensive Experience, Broadened Reach to Brokerage Operation

Con-way Multimodal, the freight brokerage division of Menlo Worldwide Logistics, today announced that it has added six independent agents to its nationwide roster. The new sales professionals, located from Ohio to California, bring decades of transportation industry experience to the task of brokering the full range of multimodal shipping solutions for customers.
Relaunched in August 2008 as the successor to the company's previous brokerage operation, Con-way Multimodal arranges third-party carrier services for over-the-road, intermodal, flatbed, heavy haul and specialized transportation for freight shipments. Menlo Worldwide Logistics is an operating company of Con-way Inc.
Con-way Multimodal Boosts Business Growth With Six New Independent Agents - Yahoo! Finance

Arkansas Best: Small Cap Trucker Set to Go the Distance

Relative to the railroads, the trucking industry has fallen off the radar screen. Berkshire's Burlington (BNI) buy didn't help. To make matters worse, the trucking industry has driven off a cliff with plummeting freight volumes and falling prices. Despite these troubles, there is reason for optimism. And at least one LTL carrier will be a big winner.
One catalyst that may accelerate this possible future is the demise of YRC Worldwide. The company launched a debt exchange on November 9. Nonetheless, persistent operating losses weigh on a company already paying for its debt-fueled existence. YRC may not live to see 2011. In this respect, continued weakness in shipping volumes may actually help those with financial staying power. If (or when) YRC fails, industry survivors will have an incredible opportunity to poach customers from a dying giant.
Arkansas Best: Small Cap Trucker Set to Go the Distance -- Seeking Alpha

Truck Tonnage Hits Smallest Drop of 2009

Seasonally adjusted index falls 5.2 percent

Truck tonnage declined in October, but it was the smallest drop in 2009, said the American Trucking Associations.
Compared with October 2008, seasonally adjusted tonnage fell 5.2 percent, which was the best year-over-year showing since November 2008. In September, the index was down 7.3 percent from a year earlier.
Trucks hauled more freight in October than in September, but on a seasonally adjusted basis, the industry declined slightly month to month, ATA said.
“Repeating what I said last month, the trucking industry should not be alarmed by the small decreases in September and October,” said Bob Costello, ATA chief economist. “The economy is behaving as expected, with starts and stops. This is being reflected in truck tonnage, as well as most economic indicators.”
Truck Tonnage Hits Smallest Drop of 2009 | Journal of Commerce

Dow...10,450.95 +132.79 +1.29%

Nasdaq...2,176.01 +29.97 +1.40%

S&P 500...1,106.24 +14.86 +1.36%


HTLD...15.23...+0.31...+2.08%
ABFS...25.36...+0.49...+1.97%
SAIA...15.18...+0.26...+1.74%
JBHT...32.43...+0.42...+1.31%
UPS...58.14...+0.63...+1.10%
FDX...82.61...+0.83...+1.01%
LSTR...37.65...+0.37...+0.99%
KNX...17.43...+0.15...+0.87%
ODFL...27.57...-0.08...-0.29%
CNW...30.90...-0.17...-0.55%
VTNC...9.40...-0.09...-0.95%
YRCW...1.21...-0.04...-3.20%

FDX--
7 Stocks That Are Swimming in Cash
A Defense Of Wall Street - Forbes.com
Buy Airline Stocks Now Says Ranked Equity Analyst - Yahoo! Finance

UPS--
Risk Trade Is Back On - Trader Talk with Bob Pisani - CNBC.com
Layoff Tracker - Forbes.com
Buy Airline Stocks Now Says Ranked Equity Analyst - Yahoo! Finance
Video - CNBC.com
In Pictures: The Most Recession-Proof Jobs Right Now - Forbes.com
The Most Recession-Proof Jobs Right Now - Forbes.com
Pops & Drops: Cigna, Verizon... - Pops & Drops - CNBC.com
Your First Move For Tuesday November 24th - Final Trade - CNBC.com

CNW--
Con-way Multimodal Boosts Business Growth With Six New Independent Agents - Yahoo! Finance

ODFL--
Arkansas Best: Small Cap Trucker Set to Go the Distance -- Seeking Alpha

ABFS--
Arkansas Best: Small Cap Trucker Set to Go the Distance -- Seeking Alpha

YRCW--
Trucking index dips in October - Kansas City Business Journal:
Greatwide Logistics Services Acquires YRC Logistics' Dedicated Contract Carriage Business - Yahoo! Finance

Stocks Snap Losing Streak as Dollar Retreats

Stocks snapped a three-day losing streak Monday after an encouraging report on existing-home sales and a pullback in the dollar.
The Dow Jones Industrial Average rose more than 132.79, or 1.3 percent, to close at 10,450.95 — its highest level since October 2008. The S&P 500 and Nasdaq each gained 1.4 percent.
Stocks Snap Losing Streak as Dollar Retreats - Market Overview * US * News * Story - CNBC.com

Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior

Risk is on so far this holiday week, but the bigger question is how long will that trade work.
The dollar fell and commodities were mostly higher as the Dow climbed Monday to its highest level in more than a year. Treasuries were a mixed picture, with buyers pushing yields in the long end lower. The Dow rose 132 to 10,320, while the S&P 500 climbed 14 to 1106. Gold continued to shine, closing at a new high of $1164.30, an increase of 1.6 percent, but oil was just barely higher at $77.48 per barrel.
Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior - Market Insider with Patti Domm - CNBC.com

Gold Prices Can Double in 3 Years: Portfolio Manager

Stocks climbed on Monday as the dollar pulled back and gold hit a new record above $1,170 an ounce. John Hathaway, senior portfolio manager of the Tocqueville Gold Fund, believes the precious metal has room to run higher.
“I wouldn’t bet on anything in the next couple of weeks, but in the next three years, [gold prices] could double,” Hathaway told CNBC.
Hathaway said investors will migrate to gold as they become more uncomfortable with paper assets.
CNBC Stock Blog — Gold Prices Can Double in 3 Years: Portfolio Manager — CNBC.com Market News - CNBC Stock Blog - CNBC.com

Stocks Face 20% Correction if Rally Cracks: Strategist

The asset-price rally is running out of momentum and will soon crack, which could lead to a 30 percent correction in oil and a 20 percent correction in stocks, Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC.com.
When the market finally does crack, the declines could be led by either oil, stocks or a rebound in the dollar, Corrigan said. But when it does, expect a 30 percent drop in oil and a 20 percent fall in stocks, he added.
Stocks Face 20% Correction if Rally Cracks: Strategist - Economy * Europe * News * Story - CNBC.com

Obama says Boosting US Jobs is Top Priority

President Barack Obama assured Americans on Monday that boosting jobs was a top priority, but gave no specifics about how to meet this goal that some economists say warrants more government spending.
The White House said separately that all &quot;sensible and reasonable measures&quot; would be considered to encourage employment, but also stressed that it must be balanced with the need for the United States to tackle record budget deficits.
Obama says Boosting US Jobs is Top Priority - Economy * US * News * Story - CNBC.com

More Consumers Giving 'Black Friday' the Cold Shoulder

It seems Black Friday, the traditional first day of the holiday shopping season, has lost some of its shine.
The retail phenomenon, which began in the 1960s, occurs each year on the day after Thanksgiving, when stores across the country slash prices on everything from laptops to the hottest Christmas toys. Limited supplies fuel a frenzy among sleep-deprived bargain hunters who brave the crowds and the cold to be first in line when the doors open wide.
Black Friday, You're Dead to Me - Holiday Central 2009 - Special Report - CNBC.com

Prepare For Large Decline In Stocks, Next Year?

With the bulls and bears playing tug-of-war in an effort to control the market, we thought this might be a good time to talk with celebrated technical analyst Robert Prechter -- Elliot Wave International President - about what he sees in the charts.
&quot;I think we’re in for a very large decline in the S&P in 2010. I think it’s going to be at least as what we saw in 2008.&quot;
&quot;In the first quarter only 2% of traders were bullish and now we've got over 90% bullish,&quot; he says.
Prepare For Large Decline In Stocks, Next Year? - Rapid Recap - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-20.html

 

[imported_River17]

Stocks End Off Lows as Fed Raises Forecast

Choosing a Second Career

Lost your job or just want to reboot your life? We calculate returns on setting up a franchise, buying a business and going back to school.

Tammy Beil was among hundreds laid off from recession-hit courier FedEx Freight in April. The 51-year-old former marketing vice president decided to use the experience of losing a job to make over her life. With severance pay in hand, she is in the midst of packing up her Memphis, Tenn. home and returning to Philadelphia, where she lived previously.
&quot;No one likes to be in this position, but the good part is being laid off forces you to stop and examine yourself,&quot; she says.
For Beil, as for millions of others these days, such examination involves asking herself both what she wants to do and where she's likely to find the best risk-adjusted return on her time and money. So far, she's taking a very broad view, including starting a business, buying an existing one, acquiring a franchise or finding a whole new sort of corporate gig.
Choosing a Second Career - Forbes.com

UPS driver delivers packages, economic analysis

* Deliveryman sees recession's scars on daily ride

In this gloomy economy, many investors and consumers rely on a steady stream of government data, televised talking heads and politicians to help them make their financial decisions.
But in Northern New Jersey, some just wait for a big, brown truck to drive up.
Along a 35-mile route in the suburbs just west of New York City, a large swath of customers regard their package deliveryman, Vinny Plateroti, as their personal economic oracle.
&quot;People are always coming up to me and asking me, 'What are you seeing out there?'&quot; Plateroti said, piloting his truck through a series of stops in a strip mall parking lot on a chilly November day. &quot;They ask me 'How is business?', because they think UPS is a barometer, and they are nervous about their own business.&quot;
FEATURE-UPS driver delivers packages, economic analysis | Markets | Markets News | Reuters

YRC Worldwide Slumps on Unit Sale

YRC Worldwide shares fell Tuesday after the trucking company said it sold its dedicated contract carriage business for $34 million.
YRC Worldwide said its YRC Logistics segment has sold its U.S. dedicated contract carriage business to Greatwide Logistics Services. The purchase price of $34 million will be used to pay down the company's revolving credit facility and, in accordance with a recent amendment, will be applied to the new revolver reserve, YRC Worldwide said.
YRC Worldwide has a 58.7 million-share float with a massive short interest float of 46.9% as of Oct. 30, according to Yahoo! Finance. Insiders hold only 1.5% of the company's shares, with another 72.9% owned by institutions.
YRC Worldwide Slumps on Unit Sale | Transportation | Financial Articles & Investing News | TheStreet.com

YRC Worldwide Regional Companies Successfully Re-Validate Certification in the U.S. Customs-Trade Partnership against Terrorism (C-TPAT) Program

All eligible YRC Worldwide subsidiaries continue to provide customers with a more secure supply chain, faster Canadian border crossing

YRC Worldwide Inc. announced today that its regional subsidiaries Holland, Reddaway and New Penn have successfully completed their re-validation in the U.S. Customs-Trade Partnership against Terrorism (C-TPAT) program. Participation in this and other programs for shipment security provides customers with faster border clearance for their goods in addition to a more secure supply chain, dedicated lanes and a strong U.S.-Canadian Customs partnership.
All eligible YRC Worldwide subsidiaries, including YRC and YRC Reimer in Canada, are border-security compliant and certified in the C-TPAT program as well as the Canada Partners in Protection (PIP) program; the Free and Secure Trade (FAST) program of the Canadian and U.S. governments; and the Customs Self-Assessment (CSA) program. Holland was the first YRC Worldwide transportation provider to receive the C-TPAT certification.
YRC Worldwide Regional Companies Successfully Re-Validate Certification in the U.S. Customs-Trade Partnership against Terrorism (C-TPAT) Program - Yahoo! Finance

Union Pacific Opens Donner Pass Route

Double-stacked container trains start moving across mountains in California

Union Pacific Railroad began running double-stacked container trains over the Donner Pass in the Sierra Nevada mountain range after a 12-month construction project to carve out bigger tunnel clearances.
UP said it enlarged 15 tunnels between the California cities of Truckee and Rocklin, and upgraded 30 miles of track to eliminate “dark territory” by connecting that segment to a centralized traffic control signal network.
The company said this route is 73 miles shorter. With the improvements UP has made it will be able to run 9,000-ft. trains on the Donner route, for a 58 percent increase from the 5,700-foot trains it runs through Feather River Canyon.
Union Pacific Opens Donner Pass Route | Journal of Commerce

DHL Eyes Sale of French Parcel Business

Unit to lose $90 million in 2009; two French groups seen as likely buyers

Deutsche Post DHL, the global mail and logistics company, is seeking to sell its loss-making French parcel delivery business.
The parcel unit, which employs around 3,500 of DHL's 14,000 strong French payroll, is expected to book an operating loss of around $90 million this year on revenue of $525 million.
Unions, which revealed DHL's plans, said a sale likely will result in 1,000 to 1,500 job losses and could have a negative effect on the German company's other operations in France, including express and freight transport.
DHL Eyes Sale of French Parcel Business | Journal of Commerce

Ready to go on vacation?.....name make, model and engine size and type of this motorhome. And where can you rent or buy it?? Answers to http://www.truckingboards.com/truck...ns-comments-stc-newsletter-20.html#post754243


Dow...10,433.71 -17.24 -0.16%

Nasdaq...2,169.18 -6.83 -0.31%

S&P 500...1,105.65 -0.59 -0.05%


UPS...57.99...-0.17...-0.29%
LSTR...37.53...-0.12...-0.32%
JBHT...32.28...-0.15...-0.46%
ODFL...27.39...-0.18...-0.65%
SAIA...15.06...-0.12...-0.79%
FDX...81.78...-0.83...-1.00%
HTLD...15.07...-0.16...-1.05%
ABFS...25.07...-0.29...-1.14%
CNW...30.46...-0.44...-1.42%
KNX...17.16...-0.27...-1.55%
YRCW...1.18...-0.03...-2.48%
VTNC...9.10...-0.30...-3.19%

FDX--
FEATURE-UPS driver delivers packages, economic analysis | Markets | Markets News | Reuters
Choosing a Second Career - Forbes.com

UPS--
FEATURE-UPS driver delivers packages, economic analysis | Markets | Markets News | Reuters
Take Your Position: Cyber Monday - Rapid Recap - CNBC.com
Mad Money: Cramer Cuts Through Bears' Bull to Explain Tuesday's Market - Mad Cap Recap - CNBC.com

YRCW--
YRC Logistics Sells its Dedicated Contract Carriage Business to Greatwide Logistics - Yahoo! Finance
YRC Worldwide Slumps on Unit Sale | Transportation | Financial Articles & Investing News | TheStreet.com
YRC Worldwide sells piece of logistics unit for $34M - Kansas City Business Journal:
YRC Worldwide Regional Companies Successfully Re-Validate Certification in the U.S. Customs-Trade Partnership against Terrorism (C-TPAT) Program - Yahoo! Finance
In Play &reg - Yahoo! Finance - The basics of investing.

Stocks End Off Lows as Fed Raises Forecast

Stocks declined Tuesday but ended off their lows for the day after the Fed raised its forecast for 2010.
The Dow Jones Industrial Average ended down 17.24, or 0.2 percent, at 10,433.71. Earlier, the blue-chip index was down nearly 100 points earlier after a report showed the economy grew less than expected in the third quarter and HP issued a cautious outlook. The S&P 500 shed 0.1 percent and the Nasdaq lost 0.3 percent.
Stocks End Off Lows as Fed Raises Forecast - Market Overview * US * News * Story - CNBC.com

Wednesday's Economic News Crunch Could Tilt Markets

A week's worth of economic reports has been crunched into just three days this week, and Wednesday has its share of significant data.
Weekly jobless claims are expected at 8:30 a.m., along with October durable goods, personal income, and consumer spending. Consumer sentiment is released at 9:55 a.m. and new home sales are released at 10 a.m. Jobless claims could be below 500,000 for the first time in months.
Wednesday's Economic News Crunch Could Tilt Markets - Market Insider with Patti Domm - CNBC.com

US Firms Hit by Payroll Taxes at Exactly the Wrong Time

Dave Huston's Kansas-based plastics company is down to 34 employees from 63 a year ago. With the U.S. recession starting to retreat, he would like to add back workers but will likely buy new equipment instead.
The reason? With Kansas joining the ranks of U.S. states scrambling to shore up a near-insolvent unemployment insurance fund, Huston's business is facing an almost certain rise in state payroll taxes in 2010.
It's a hit his business cannot afford — and one that virtually ensures he will not be hiring new employees anytime soon, even as the economy does slowly pick up.
State Payroll Taxes: US Firms Hit by Payroll Tax at Exactly the Wrong Time - Economy * US * News * Story - CNBC.com

Fed Sanguine About US Recovery, Worried on Jobs

Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed.
Senior Fed officials, meeting on Nov. 3-4, also expressed concern their plans to keep interest rates low for a prolonged period could have negative repercussions, including possible speculative activity in financial markets.
&quot;Most participants now view the risks to their growth forecasts as being roughly balanced rather than tilted to the downside,&quot; according to the minutes, which were released Tuesday and were accompanied by upward revisions to policy makers' growth forecasts.
Fed Sanguine About US Recovery, Worried on Jobs - Economy * US * News * Story - CNBC.com

Just In Time for Holidays: More Gloom and Doom on Economy

Just in time for the holidays: More gloom and doom from a well-known economist.
David Rosenberg, who used to be Merrill Lynch's chief economist and now works for Gluskin Sheff of Canada, told CNBC Tuesday that the US economy is mired in an economic crisis that shows only scant signs of abating.
&quot;We're in a form of Depression,&quot; Rosenberg said in a live interview. &quot;Depressions...typically happen after a prolonged period of credit excess morphs into a collapse and you get asset deflation. We had asset deflation and we had a contraction in private-sector credit.&quot;
Just in Time for Holidays: Another Dire Economic Forecast - Economy * US * News * Story - CNBC.com

Smartphone Guide

Buying Guide

Smartphones are at the top of holiday shopping lists this year, and with so many different models available, choosing the right one can be tricky. Here's a need-to-know guide to nine devices, based on features, price, network and platform. Check out the phones .......
Smartphone Guide - Consumer Nation Slideshow - CNBC.com

CNBC Anchor Takes a Sabbatical

Bill Griffeth is familiar to anyone who has watched CNBC. He is one of our long time anchors on &quot;Power Lunch&quot; and a steady star in the business news galaxy.
Well, he's taking a leave of absence from CNBC for a year. His last day will be Wednesday November 25. But he promises to stay closely connected to CNBC throughout his leave.
CNBC Anchor Takes a Sabbatical - Two Way Street with Allen Wastler: Your Direct Link With CNBC - CNBC.com

The L.A. Extravaganza: A Test for Auto Shows

Remember the good old days? The days when auto shows were major events where an automaker could generate buzz with new models? Where you could see the public's appetite for new cars and trucks? Next week we'll see if auto shows still have the magical pull or if the pall over last years auto show season lingers into this year’s slate of shows.
My gut says auto shows will start to rebound in terms of relevance and appeal, but we're a long ways from the excitement we saw a few years ago.
The L.A. Extravaganza: A Test for Auto Shows - Behind the Wheel with Phil Lebeau - CNBC.com

Risk Trade Is Back On

After pausing for the past couple of days, the risk trade resumes. The dollar is having its worst day in 2 weeks, pushing stock futures up nicely this morning. Commodities are rising on the weak dollar, with the metals complex (gold, silver, platinum and copper) rising to new highs. Many metal and energy stocks are up 2 percent to 3 percent pre-open.
Risk Trade Is Back On - 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-20.html

 

[imported_River17]

Dow Closes at 13-Month High; VIX Nears 20

FedEx Makes Special Deliveries this Holiday Season

FedEx Team Members Will Volunteer and Provide In-Kind Deliveries Around the Globe

FedEx Corp. is once again heralding the holiday season by delivering packages for busy shoppers – as well as non-profit organizations in need of a helping hand. Throughout November and December, FedEx will expand its year-round initiatives to provide volunteer hours and in-kind delivery services to a variety of unique and worthy groups around the world.
“Even though this is our busiest time of the year, so many of our team members want to go the extra mile to help people in need in their own communities,” said T. Michael Glenn, executive vice president of Market Development and Corporate Communications at FedEx. “We are proud to support our team members in delivering many kinds of cheer and sustenance to brighten people's holidays around the world.&quot;
FedEx Makes Special Deliveries this Holiday Season - Yahoo! Finance

YRC Worldwide extends debt-for-equity swap deadline

YRC Worldwide Inc. has given bondholders another day to swap about $537 million in debt for 95 percent of the company’s common shares, a vital step in YRC’s bid to navigate around bankruptcy.
In a late Tuesday filing with the Securities and Exchange Commission, the Overland Park-based trucking company (Nasdaq: YRCW) changed the deadline to 10:59 p.m. Dec. 8.
In a Wednesday statement, YRC said it adjusted the deadline to comply with SEC guidelines, which require the offer to be open for at least 20 days. The previous deadline had not accounted for Veterans Day. Changes were made based on feedback from the SEC as part of a standard process, YRC said.
YRC Worldwide extends debt-for-equity swap deadline - Kansas City Business Journal:

Montana Trucker Sold in Bankrtupcy

New owners to keep executives in place, plan for expansion

Montana-based Jim Palmer Trucking is coming out of bankruptcy protection under new owners and an apparent new plan for expansion.
Two Chicago businessmen bought the company in a sale announced this week and said they will keep in place the company’s leadership and operations counting 280 employees
“It’s time for new ideas, and these guys are really smart,” Palmer told the Missoulian newspaper. “They know what’s really going on in the industry.”
Montana Trucker Sold in Bankrtupcy | Journal of Commerce

Watco’s Boise Valley Line Starts Rolling

Watco, a private short line holding company, began operating its 36-mile Boise Valley Railroad this week in Idaho as the latest of 22 Watco railroads.
The new unit runs on a 25-mile line between Boise and Nampa, Idaho, and an 11-mile branch from Wilder to Caldwell. It also has track-use rights on a Union Pacific Railroad line between Nampa and Caldwell
The newest Watco property serves 84 shippers, whose cargoes include potatoes, lumber, fertilizer and fuels. Some of its customers also use the other Watco lines in that state – the Eastern Idaho, Great Northwest and Yellowstone Valley railroads.
Watco’s Boise Valley Line Starts Rolling | Journal of Commerce

Colorado DOT Launches Winter Programs on I-70 This Week

Drivers on Colorado's Interstate 70 between Denver and Vail can rest easy thanks to the Colorado Department of Transportation's winter programs that start up this week. The programs are meant to keep traffic moving and maintain safety on this corridor.
According to the Vail Daily, the state has launched its Heavy Tow Quick Clearance program with the help of American Towing Alliance. American Towing Alliance will clear obstructions and move commercial vehicles to safe locations during winter weekends, holidays and other adverse weather days along Interstate 70 between Floyd Hill and Vail Pass. The program lasts through April.
Colorado DOT Launches Winter Programs on I-70 This Week

Double Stack Trains Provide More Fuel Savings Than Truck

Double stack freight rail transportation is up to five times more fuel efficient than truck transportation, according to a new report by the Federal Railroad Administration. The &quot;Comparative Evaluation of Rail and Truck Fuel Efficiency on Competitive Corridors&quot; report indicated that rail fuel efficiency has improved by about 20 percent, or 1.1 percent per year, between 1990 and 2006.
&quot;While all types of transportation are vital to the distribution of goods across the country, this study shows that utilizing America's freight rail system can lead to significant fuel savings,&quot; said Joseph Szabo, FRA administrator. &quot;The environmental benefits of these positive changes over the last two decades are enormous.&quot;
Double Stack Trains Provide More Fuel Savings Than Truck

Could not resist just turning on all the lights on a slow moving 4 wheeler.

Dow...10,464.40 +30.69 +0.29%

Nasdaq...2,176.05 +6.87 +0.32%

S&P 500...1,110.63 +4.98 +0.45%


FDX...83.50...+1.71...+2.09%
VTNC...9.25...+0.15...+1.65%
JBHT...32.47...+0.19...+0.59%
LSTR...37.75...+0.22...+0.59%
UPS...58.17...+0.25...+0.43%
CNW...30.51...+0.02...+0.07%
KNX...17.12...-0.06...-0.35%
ABFS...24.97...-0.10...-0.40%
HTLD...14.96...-0.11...-0.73%
ODFL...27.11...-0.28...-1.02%
SAIA...14.68...-0.38...-2.52%
YRCW...1.15...-0.03...-2.54%

FDX--
FedEx Makes Special Deliveries this Holiday Season - Yahoo! Finance
Briefcases Replace Backpacks And Pricing Power Increases For Airlines According To Top Ranked Analyst From UBS Investment Research - Yahoo! Finance

UPS--
Briefcases Replace Backpacks And Pricing Power Increases For Airlines According To Top Ranked Analyst From UBS Investment Research - Yahoo! Finance

YRCW--
YRC Worldwide extends debt-for-equity swap deadline - Kansas City Business Journal:

Dow Closes at 13-Month High; VIX Nears 20

Stocks posted modest gains Wednesday, but it was enough to propel the Dow and S&P to new 13-month closing highs, as economic data buoyed recovery hopes — and investors' appetite for risk.
The Dow Jones Industrial Average rose 30.69, or 0.3 percent, to close at 10,464.40. The S&P 500 gained 0.5 percent to 1,110.63 and the Nasdaq advanced 0.3 percent to 2,176.05.
Dow Closes at 13-Month High; VIX Nears 20 - Market Overview * US * News * Story - CNBC.com

Art Cashin: Financials Trades a Sign of 'Caution'

Markets zigzagged at the open on Wednesday after a mixed bag of economic data: jobless claims and personal spending rose above expectations but durable goods fell short. Art Cashin, director of floor operations at UBS Financial Services, shared his market insights.
“The dollar’s moves are more important” than today's data, Cashin told CNBC.
“They have been moving the market now for almost two full months—whenever the dollar index dips, stocks go up… The initial claims may have benefited from the holiday—employers are a little loath to fire or lay someone off a week before Thanksgiving.”
CNBC Stock Blog — Art Cashin: Caution in Financials, Dividend Moves — CNBC.com Market News - CNBC Stock Blog - CNBC.com

There Is a 50% Chance of US Double-Dip: Strategist

There will be a short-term pullback after Thanksgiving in stock markets and there is a 50 percent chance that the US economy will double-dip, according to Paul Schatz, president of Heritage Capital.
“We’re going to probably have a short term pull back after Thanksgiving to the first, second week of December, but from there, like most pullbacks we’ve seen, it will be a time to buy, not sell,” Schatz told CNBC Wednesday.
The economy isn’t safe though, he warned, because “there is no real recovery; it’s not sustainable.”
There Is a 50% Chance of US Double-Dip: Strategist - Economy * US * News * Story - CNBC.com

Halftime Report: New Signs Of Downdraft In Market?

I’m distressed about consumer spending data, says JJ Kinahan of TD Ameritrade. When you dig down, you see that spending may be up 0.7% but income is up only 0.2 %. That’s the same pattern we saw in 2005-6 and it’s a problem.
I’m being asked how to short the dollar by lawyers and dentists on the steps of church Sunday, jokes Steve Cortes of Veracruz. When that happens it says to me the trade is frothy.
Halftime Report: New Signs Of Downdraft In Market? - Fast Money Halftime Report - CNBC.com

Black Friday to Avoid Red Ink; Greenback Gets the Blues

Whether investors are at their desks or at the mall, Black Friday shopping will be a theme of the shortened post-Thanksgiving session.
&quot;I think that one of the biggest surprises we're going to see this year and one of the big drivers expected in the consumer discretionary group is just how good the first look at Black Friday is going to be,&quot; said Art Hogan, managing director at Jefferies.
Black Friday to Avoid Red Ink, While Greenback Gets the Blues - Market Insider with Patti Domm - CNBC.com

Toyota Makes Recall Fix And So Long Saab

A month and a half after announcing a safety recall of 3.8 million vehicles as risk of having accelerators trapped under floor mats, Toyota has a plan to fix the problem.
The automaker will be replacing the accelerators in the vehicles affected and in some models; it will install a brake override system.
Saab is not officially dead, but it's pretty darn close.
Once I broke the story yesterday about Koenigsegg Group getting cold feet and calling off plans to buy Saab, I noticed the lack of an outcry from Saab loyalists. The silence, in my opinion, says everything you need to know about how far Saab has fallen and why I doubt GM will try to revive plans to sell it.
Toyota Makes Recall Fix And So Long Saab - Behind the Wheel with Phil Lebeau - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...ns-comments-stc-newsletter-20.html#post754981

 

[imported_River17]

Happy thanksgiving!!!

Happy Thanksgiving to the many TB readers of the STC Newsletter.

 

[imported_River17]

Dow Ends Week Flat Despite Dubai Selloff

WEEKEND EDITION.

Tightest Ships in the Shipping Season

Picks and pans in the transport sector, with Donald Broughton, Avondale Partners senior transportation analyst.
Video - CNBC.com

Oregon tops driver OOS list

Oregon leads the nation for the driver highest out-of-service rates, while Nebraska is top nationally for truck out-of-service rates, according to industry publisher J.J. Keller.
The top states for driver out-of-service rates are:
1. Oregon - 15.92%
2. Connecticut - 13.74%
3. Arizona - 13.58%
4. Wyoming - 12.02%
5. Utah - 10.95%
6. Minnesota - 10.86%
7. Idaho - 10.76%
8. Georgia - 10.04%
9. Maine - 9.81%
10. Arkansas - 9.56%
Oregon tops driver OOS list - eTrucker

Maersk, DP World Sign Peru Pact

Carrier agrees to call new Callao terminal beginning next spring

Maersk Line will call at DP World’s new Muelle Sur container terminal in Callao, Peru, when it opens next spring under an agreement signed this week.
The terminal, DP World’s first investment in Peru, will add some 850,000 TEUs a year of capacity to Callao, the South American country’s main import-export ocean hub. Current annual capacity is approximately 1.2 million TEUs.
Maersk, DP World Sign Peru Pact | Journal of Commerce

Dubai Separates DP World From Debt Troubles

Government says debt restructuring not to include terminal operator

The government of Dubia moved Friday to insulate container terminal operator DP World from the debt crisis hitting Dubai World, the state-controlled industrial conglomerate and parent of the port business.
The Persian Gulf emirate sought to reassure ocean carriers and shippers about the position of DP World after it announced Wednesday that it is seeking a six months standstill on approximately $5.7 billion in Dubai World’s debt obligations.
The announcement shocked the financial world, and stock markets around the world fell Thursday.
Dubai Separates DP World From Debt Troubles | Journal of Commerce

Video: CEVA's Peter Levesque on China's Domestic Market

Senior Vice President, CEVA Logistics, Hong Kong, discussing the coming transformation of China's domestic logistics market
Video: CEVA's Peter Levesque on China's Domestic Market | Journal of Commerce

Dow...10,309.92 -154.48 -1.48%

Nasdaq...2,138.44 -37.61 -1.73%

S&P 500...1,091.49 -19.14 -1.72%

Oil...75.97 -1.99 -2.55%

Gold...1,177.80 -9.20 -0.78


LSTR...37.42...-0.33...-0.87%
FDX...82.58...-0.92...-1.10%
UPS...57.41...-0.79...-1.36%
KNX...16.87...-0.24...-1.40%
CNW...30.05...-0.48...-1.57%
HTLD...14.72...-0.24...-1.60%
VTNC...9.10...-0.15...-1.62%
ODFL...26.65...-0.46...-1.70%
JBHT...31.88...-0.59...-1.82%
YRCW...1.12...-0.03...-2.61%
SAIA...14.29...-0.39...-2.66%
ABFS...24.12...-0.85...-3.40%

FDX, UPS--
Video - CNBC.com
What in the World Is Goldman Sachs Thinking? (AMZN, GS, IP)
Food banks go high-tech to feed the hungry - Yahoo! Finance

Dow Ends Week Flat Despite Dubai Selloff

After all that, we're right back where we started.
The Dow Jones Industrial Average shed 154.48, or 1.5 percent, Friday, but ended the week at 10,309.92, less than 10 points below where it started the week as gains logged before Thanksgiving offset today's losses.
The S&P 500 and Nasdaq each lost 1.7 percent today but also ended the week little changed.
Stocks declined across the board but financial and commodity-related sectors were the hardest hit, after Dubai, a surreal Mideast boomtown which boasts an indoor ski slope and three palm-shaped islands, said it would ask creditors for a 6-month standstill on about $60 billion of debt, which it is seeking to restructure.
Dow Ends Week Flat Despite Dubai Selloff - Market Overview * US * News * Story - CNBC.com

Next Week: Cash In Now Or Wait For A Santa Rally?

The challenge for stock investors is whether to pocket more of the year's gains or ride it out in hopes of a Santa Claus rally.
The stock market in the week ahead promises to be volatile, after Dubai's move to reschedule its debt blew a chill across risk assets globally and sent investors into the safe haven of the dollar and bonds.
Next Week: Cash In Now Or Wait For A Santa Rally? - Market Insider with Patti Domm - CNBC.com

Global Selloff From Dubai Shows Signs of Winding Down

Dubai debt default concerns rippled through world markets for a second day on Friday, but the exodus from equities and rush to the safe-haven dollar slowed as investors discounted contagion.
US stocks initially fell more than 2 percent New York, the first day of trading after Dubai on Wednesday said it would ask creditors of two flagship firms, including conglomerate Dubai World, for a standstill on debt payments as part of a restructuring.
Global Selloff From Dubai Shows Signs of Winding Down - Markets * US * News * Story - CNBC.com

Dubai Spooks Investors But May Bring Buying Opportunity

While the immediate reaction Friday to the Dubai crisis was to sell stocks, many investors are more likely to wait for the issue to unfold before making any big decisions.
In fact, caution rather than panic prevailed after the United Arab Emirates nation's ability to pay on its debts came into question.
If anything, pros seemed to be anticipating a buying opportunity should Wall Street get overly pessimistic about the Dubai ramifications.
Dubai Spooks Investors But May Bring Buying Opportunity - Markets * US * News * Story - CNBC.com

Dubai Stock Market Fear Has 'Legs': Dennis Gartman

Dubai announced it requested a 6-month freeze on some $59 billion of debt repayment, creating anxiety in equity markets around the world.
The Dubai problem has &quot;legs,&quot; with plenty of potential ramifications that remain to be seen, Gartman said.
&quot;What's taken capital markets, stock markets higher these past few months has been a growing optimism. ... The fact that Abu Dhabi has not come immediately to the aid of its sister emirate raise concerns, raises confusion,&quot; he explained.
CNBC Stock Blog — Dubai Stock Market Impact Has 'Legs': Dennis Gartman — CNBC.com Investing News - CNBC Stock Blog - CNBC.com

Halftime Report: Dubai - First Ripple Of Larger Crisis?

On Friday traders were closely watching the action in banks stocks [XLF 14.27 -0.40 (-2.73%) ], as negative news out of Dubai triggered worries that the credit crisis may have returned to haunt the bulls.
Immediately, banks around the world downplayed their exposure to the region, with French Prime Minister Francois Fillon attempting to assuage any panic and reduce speculation that the world may be entering second round of the financial crisis.
Halftime Report: Dubai - First Ripple Of Larger Crisis? - Fast Money Halftime Report - CNBC.com

Dubai Fallout Is a Correction, Not Another Crisis: El-Erian

Dubai's debt woes may serve as a catalyst for a correction in stock markets but it does not signal a new crisis, investment manager Mohammed El-Erian told CNBC Friday.
Investors dumped stocks Thursday and Friday and took refuge in the dollar after Dubai announced it had asked for a 6-month standstill on debt of around $59 billion. Some analysts said the fears will be short-lived and the situation creates buying opportunities.
Dubai Fallout a Correction, Not Another Crisis: El-Erian - Financials * Europe * News * Story - CNBC.com

Dubai's Debt Woes Signal New Era for Creditors

The fact that Dubai has been struggling under huge debts is not a surprise to anyone who has followed the Emirate’s economy over the last 10 years.
A huge property-led boom saw money pile into infrastructure and construction projects like the Palm Jumeirah or the soon-to-be-completed 810 meter Burj Dubai tower that will dwarf any building on earth.
Building the world’s tallest building has always been viewed by investors as a sign that a local economy is about to head south. Dubai World, the most indebted of Dubai’s state-sponsored companies, owes $60 billion of which $22 billion must be refinanced by 2011.
Dubai's Debt Woes Signal New Era for Creditors - Financials * Europe * News * Story - CNBC.com

Obama's Emission Reduction Pledge Paints Future for Autos

President Barack Obama's plan to announce the U.S. will cut its greenhouse emissions 17% by 2020, may finally kill off those who continue to believe new fuel efficiency and tailpipe emission standards for autos will never reached stated goals.
I've been amused, and frankly a little confused whenever I've heard people say, &quot;I know the automakers agreed to tighter standards, but that really won't happen.&quot; Here's a little message for those people—the tighter standards are coming and the industry won't be turning back.
Obama's Emission Reduction Pledge Paints Future for Autos - Behind the Wheel with Phil Lebeau - CNBC.com

Now you are up to speed and informed.
http://www.truckingboards.com/truck...074-questions-comments-stc-newsletter-20.html