Monday, October 18, 2010
YRCW expects third quarter positive adjusted EBITDA with a range of $42 million to $46 million, and for the second and third quarters YRCW expects cumulative adjusted EBITDA within a range of $82 million-to-$86 million, topping the $50 million covenant level required as part of its credit agreement.
Posted on 10/18 at 09:46 AM
YRC Worldwide •
September retail sales showed slight gains, according to data released by the United States Department of Commerce and the National Retail Federation (NRF).
Data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers, indicated that the number of global manufacturers shipping to the United States fell in September, following modest gains the past two months.
Posted on 10/18 at 08:28 AM
Josh Green •
Last week, AASHTO unveiled a proposal for Congress that it said would “convert the federal tax on gasoline and diesel fuel from a cents-per-gallon basis to a percentage basis, a mechanism that could raise revenues to pay for greater highway and transit investment if the price of fuel rises in future years.”
Posted on 10/18 at 07:45 AM
Gasoline Tax •
Friday, October 15, 2010
Transportation interests are bracing—hoping might be a better word—for a flip in control of Congress as the mid-term elections approach with much anticipation in Washington and various state capitals. Trucking and rail, in particular, are watching the upcoming elections with high interest as their industries would be most affected by any tilt toward Republican control.
Posted on 10/15 at 11:37 AM
Railroad volumes for the week ending October 9 remained consistent with previously solid weeks and were up year-over-year, according to data released by the Association of American Railroads (AAR). Carload volume at 297,029 was up 8.8 percent year-over-year. This was down slightly compared to the week ending October 2, which hit 299,394 carloads and the week ending September 25 at 300,908 carloads and the week ending September 18 at 304,679 carloads.
Posted on 10/15 at 11:21 AM
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) fell 0.6 percent in August from July.
Thursday, October 14, 2010
A report from the Government Accountability Office (GAO) stated that data from the United States Customs and Border Protection (CBP) subsidiary of the Department of Homeland Security found that as of July 2010 roughly 80 percent of U.S.-bound ocean shipments were Import Security Filing—or 10+2—compliant.
Posted on 10/14 at 10:45 AM
Albert Saphir •
Risk is part of business. It’s a significant, permanent reality faced by virtually every organization. Without risk, business as we know it might not exist. To compete, grow, and capture benefit, companies need to take chances. It’s what businesses do.