Executive Briefing - Feb. 12
- Xata Reports Loss, Backlog
- P.A.M. Earnings Match Year-Ago
- Airlines Face Strike Risks
- FedEx Freight Formed as LTL Unit
- Various Carriers Join in Logistics Network
- EEOC Wants BNSF to Stop Genetic Testing
- Gasoline Holding Steady
- European Fuel Tax Breaks Rescinded
- OTR Express to Make Cuts
- Boyd Bros. Posts 4Q Loss
- Fritz To Contest FedEx Court Complaint
- Daimler Plans Asia Logistics Center
Xata Reports Loss, Backlog
Xata Corp. (XATA), a supplier of onboard-vehicle technology for transportation companies, reported Monday a net loss for its fiscal 2001 first quarter of 7 cents per diluted share, compared to net earnings of 3 cents per diluted share, for the first quarter in fiscal 2000.
The Minneapolis-based company said it ended the quarter, which closed Dec. 31, with an order backlog worth approximately $558,000.
"Since we did not close our equity investment until late August 2000, we did not place large-quantity orders with our suppliers. Consequently, we ended our first quarter with a higher-than-desired order backlog. We are working with our suppliers to accel-erate production and expect to be back on our fiscal year plan by our third quarter,'' said Bill Flies, Xata's chief executive.Transport Topics
(Click here for the full press release.)
P.A.M. Earnings Match Year-Ago
P.A.M. Transportation Services (PTSI) reported fourth-quarter diluted and basic earnings of 28 cents a share, the same as in the last three months of 1999.
The Tontitown, Ark.-based trucking company said business is "strong" so far this year, making it "optimistic" for the rest of the year.
P.A.M. is an irregular route, common and contract motor carrier of general commodities throughout the continental United States and the Canadian provinces of Ontario and Quebec. It is No. 67 on the Transport Topics 100 list of largest U.S. trucking companies, based on 1999 data.Transport Topics
(Click here for the full press release.)
Airlines Face Strike Risks
Four of the nation's major airlines are facing strike threats in the near future, leading President Bush to express concern late last week and to say he would "explore all options."Along with passengers, all four airlines transport substantial volumes of air freight, in some cases in dedicated cargo service as well as in the bellies of passenger planes.
Absent any intervention or an agreement, Delta Airlines' pilots, who have been negotiating with that carrier for about a year and a half, could strike as early as April 1, the Air Line Pilots Association said.
Unions at Northwest (mechanics), United (mechanics) and American (flight attendants) have expired or expiring contracts and are threatening strikes as well, news services report.
In the case of Northwest, Bush said he would establish a presidential emergency board that would force its mechanics to stay on the job at least 60 days if no agreement has been reached. Transport Topics
FedEx Freight Formed as LTL Unit
American Freightways' shareholders have approved the company's merger with FedEx, resulting in the creation of a subsidiary for less-than-truckload shipments called FedEx Freight, FedEx announced Monday.The subsidiary includes American Freightways and its sister operating company, Viking Freight. It will be headed by Douglas Duncan, Viking's former chief executive. Both AMF and Viking provide next-day and second-day regional freight delivery.
FedEx said sales forces for both companies will be cross-trained to sell each other's services. Harrison, Ark.-based AMF has been No. 15 on the Transport Topics 100 list of 100 larg-est U.S. trucking companies.
(Click here for the full press release.)
Various Carriers Join in Logistics Network
Seven transportation providers have joined with SupplyLinks, a Web-based transportation and logistics management company, to form SupplyLinks Global Logistics Network.The San Francisco-based company said the network would launch this spring, to provide customers with a single source to plan, book and manage shipments world-wide.
Members will establish pricing through the network with pre-negotiated tariffs; the network does not operate on an auction-type model that awards business to the lowest bidder.
Participating transportation and logistics providers include:
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