P.M. Executive Briefing - Aug. 14
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Beltway Not In Cards For Pittsburgh Under New State Transportation Plan
Pittsburgh lawmakers have been lobbying for a beltway around the city for two years, but will have to continue those efforts after two recently-released transportation plans once again did not include one, the Associated Press reported Monday.Neither the Pennsylvania Transportation Department's 12-year, $36.6-billion plan nor the Southwestern Pennsylvania Commissions 25-year plan include a beltway tied to the interstate system, the article said. State and local officials have instead focused on a city-wide mass-transit system and improvements to currently existing roads, the AP report said. Transport Topics
Mexican Trucking Chief Says Celadon, MS Carriers Violate NAFTA
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BAX Global Selects Attunity B2B Software For Freight and Logistics Services
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Using the Attunity Connect software, BAX Global will be able to integrate various applications and better distribute information to and from customers, partners and suppliers, Attunity said. Transport Topics
RDO Equipment Warns of Net Loss For Quarter
RDO Equipment Co. said Monday that its results for the recent quarter will fall below analysts' estimates, resulting in a net loss of $1.2-$1.8 million.Revenues are increasing for RDO Equipment but not enough to offset equipment and truck margin pressures and higher expenses, the company said.
RDO Equipment Co. specializes in the distribution, sale, service, rental and finance of equipment and trucks to several industries, including warehousing and transportation. Transport Topics
Revenues, Net Income Take Big Jump for US 1 Industries in Second Quarter
US 1 Industries, a trucking and logistics company serving 48 states and parts of Canada, announced big increases in second-quarter revenues and net income Monday.Revenues increased 41%, to $11.6 million, while net income increased 67% to $146,769. The company attributed the increases to improved cost control of its operations. Transport Topics
Kaiser Named ShipChem.com CEO
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The appointment is effective Sept. 5, and Kaiser will also serve on the company's board of directors. He was formerly CEO and board chairman for healthcare e-business Caredata.com Inc. Transport Topics
Vehicle Parts Maker Raba Reports Second-Quarter Profit Increase
Hungarian vehicle parts maker Raba Rt. indicated a 22.4% increase in second quarter income, Bloomberg reported Monday.The implied second-quarter net income (calculated by Bloomberg by subtracting first quarter figures from first half information provided by Raba) was 1.15 billion forint ($3.98 million U.S.), or 79 forint per share.
The company attributed some of its success to increased exports to the United States; U.S. customers such as Dana Corp. and Deere and Co., purchased more Raba spare parts, Bloomberg reported. U.S. markets are expected to increase by 3.4% to the end of the year, the article said. Transport Topics
Matlack Systems Reports Third Quarter Loss
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The net loss for the quarter totaled $4,998,000, or 57 cents per diluted share. Overall revenues also dropped to $48,519,000 from $50,148,000 a year ago.
The company said it has put into effect cost-cutting programs that helped reduce operating expenses by 7%. Transport Topics
