P.M. Executive Briefing - July 22
This Afternoon's Headlines:
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arnings Per Share for Third Fiscal Quarter
Rollins Truck Leasing Corp. Reports 13 Percent Increase In
arnings Per Share for Third Fiscal QuarterRollins Truck Leasing netted $15.2 million in the quarter ended June 30, up 9% from the year-earlier quarter, with per-share earnings up three cents to $0.26, a 13% rise.
he company's earnings for the nine months up to and including that quarter were up 10% to $462.9 million, with a 15% per-share jump to $0.69. The company posted 6% higher quarterly revenues from both rentals and full-service leases, but there was a 16% drop in quarterly logistics and dedicated revenue. Rollins expanded its commercial rental fleet by 5% in the quarter and expects to set revenue and earnings records in the fiscal year ending Sept. 30. PRNewswire (07/21/99)
Oshkosh Truck Increases Operating Capacity at McNeilus with $8.3 Million Expansion
Oshkosh Truck will pour $8.3 million into an expansion of a Minnesota garbage-truck and concrete-mixer factory used by its subsidiary, McNeilus. McNeilus is already the biggest manufacturer of garbage trucks and concrete mixers in North America, and company President Dan Lanzdorf says a bigger factory will allow the company's output to grow even more. The project is slated for completion in 2000 and will add many new jobs at the plant. Business Wire (07/21/99)McGrath Means Moving
Three generations of McGraths have run McGrath Moving and Storage in Modesto, Calif., since its founding 50 years ago. Founder J.R. McGrath started making deliveries then on a bicycle and moved up to a pickup truck.In the years since, the company has acquired a truck fleet and delivered to 48 states. Terry McGrath, J.R.'s son, became a full-time driver after high school. Now, he runs the company along with his son, Mike. The company handles local moves, as well as global moves in affiliation with Wheaton World Wide Moving.
One memorable McGrath customer is a man who put a new Cadillac in storage in 1976, intending to take it out 16 years later when his then-newborn son was old enough to get a driver's license. He still has not picked up the car and continues to pay for storage.
Mike McGrath says he enjoys meeting people on long hauls, which keep him out of Modesto for about half of the year. One way the McGraths have drummed up business is by wearing company T-shirts when they appeared, and lost, on the TV game show "Family Feud." The company may have a long future. Mike McGrath says Nicholas, his eight-year-old son, already "loves trucks." Modesto Bee Online (07/21/99); Swehla, Matt
Truck Driver Cited In Bus Crash
State police in Washington say the trucker whose trailer broke off and collided with a charter bus on I-90 has gotten a few tickets in the past. A total of 13 people were injured in the crash, including the driver of the bus. States News Service (07/21/99)Product Roundup: Drowsy Driver Warning
TRW, a Cleveland-based automotive supplier, and Sweden's Biosys are jointly developing a biological sensor for a truck's steering wheel, seatbelt, and seat that will determine when drivers are too tired to stay on the road. Among the problems facing the companies is choosing the best way to alert sleepy drivers to their condition. Traffic World (07/19/99) Vol. 259, No. 3, P. 41; Hickley, KathleenTransport Company Dives Into Fish Mart
The transport company BAX Global is testing Baxmart.com, an online marketplace that will cut days and dollars off the fresh-seafood supply chain. Inforte Corp. used Microsoft Site Server 3.0 to develop the online system. Baxmart.com allows direct contact between seafood producers and buyers, taking the place of people who now act as go-betweens. Bax will profit from transportation as well as payments for handling transactions. In fact, it hopes to reap $2.5 million transportation revenue in a year's time by selling up to $12 million worth of seafood. The salmon producer Aquafarms is one client hoping to profit from Baxmart.com. Computerworld (07/19/99) Vol. 33, No. 29, P. 20; Deckmyn, Dominique© copyright 1999 INFORMATION, INC. Terms of Service
