A.M. Executive Briefing - Nov. 2
This Morning's Headlines:
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Trucking Chief Addresses Trade Conference Today
Speakers including Ontario Trucking Association President David Bradley and Canadian Transport Minister David Collenette were set to address representatives of business and government from the United States and Canada at the Trade Corridors Conference Monday. Bradley supports a highway policy for all of Canada, put together by the federal and other governments in Canada, that will provide money and a game plan for improving road infrastructure that will enable growth in Nafta trade.Due to the country's relatively small population, it needs trade to create wealth, he says. "Combined, the governments of Canada take $8 billion more out of the Canadian road user in fuel taxes than they collectively put back into the highways system," Bradley says. Canada NewsWire (11/01/99)
Pacer International Reports 3rd Quarter Results
The transportation and logistics company Pacer International saw $258.3 million in third-quarter consolidated gross revenues, a rise of 97.5% from the year-earlier quarter's gross revenues, with $15 million in operating income, up $4.1 million. These results are affected by the May 1999 addition of the former APL stacktrain operations to the Pacer operations that were effective in the third quarter 1998.Revenue for Pacer's new stacktrain operations is still increasing quickly, while the other operations contributed roughly $100 million to the year-over-year growth in third-quarter gross revenues. Business Wire (11/01/99)
Robert J. Christie Named President of Intrenet, Inc. Subsidiary Advanced Distribution System
The flatbed TL carrier Intrenet Inc. has appointed Robert John Christie, who has spent over two decades in the transportation business, to be president of the subsidiary Advanced Distribution System. He lately was COO of Eastern Connection and has held management positions at Roadway Package System, Sherwin-Williams Transportation, and ABF Freight Systems."Having worked with Bob for several years at RPS, I have first-hand knowledge of his exceptional operating capabilities and his ability to build an empowered and motivated organization," says Intrenet COO John Chandler. PR Newswire (11/01/99)
USA Truck Acquires CCC Express
USA Truck says it has completed its $35.3 million deal to acquire close to 100% of assets from CARCO Carrier, which operated as CCC Express. USA Truck has taken over a total of 1,608 tractors and dry van trailers.The deal as well as the growth of USA Truck's dedicated fleet business, now making roughly $12 million in yearly revenue, are important strides for the recently-created Corporate Development department, USA Truck believes. The department concentrates on acquisitions and dedicated fleets as well as private fleet conversions. Last year, roughly 20% of CCC Express revenues came from dedicated contracts. Business Wire (11/01/99)
Nigeria; Truck Drivers Petition Transport Minister
Nigerian truckers have petitioned the Nigerian Federal Transport Ministry alleging that truck owners keep them from going to training/retraining lectures that the ministry directed be held three or more times annually to cut deadly crashes. The petition was made via the First Nigerian Tipper/Lorry Association, which sets up the workshops. Africa News Service (11/01/99) ; Okoro, AnthonyQUALCOMM Receives FCC License Renewal and Approval for Increase in OmniTRACS Units
QUALCOMM says the Federal Communications Commission will allow 400,600 OmniTRACS mobile units and has granted a 10-year license renewal for OmniTRACS. OmniTRACS allows communications and tracking by satellite for the transportation industry. PR Newswire (11/01/99)American Mobile Introduces Enhanced Wireless Messaging Service for the U.S. Transportation Industry
American Mobile Satellite has debuted its MobileMAX2 service, which adds features to serve the transportation business' requirements for data communication. The MobileMAX2 combines both satellite and land communications for various fleet-management tasks. The hardware is small, can be installed quickly, and is compatible with earlier Pro2000 Multi-mode products.MobileMAX2, which operates via American Mobile's own cross-country communications network, is being shown at the American Trucking Associations Management Conference and Exhibition in Orlando, Fla. Business Wire (11/01/99)
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