P.M. Executive Briefing - Oct. 26
This Afternoon's Headlines:
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J.B. Hunt Transport Breaks Ground for New Terminal Facility
J.B. Hunt Transport Services is working on a roughly 16,000-square-foot Phoenix, Ariz., terminal, to include laundry and shower amenities, a seven-bay repair facility, and other features. Completion is set for the first quarter of next year. Business Wire (10/26/99)United Parcel Service of America Inc.: Shareholders Approve Plan For an IPO Next Month
United Parcel Service says its planned initial public offering set for November was okayed by shareholders Monday, with votes to approve from over 9 out of 10 outstanding shares. Wall Street Journal (10/26/99) P. C20
I-35 Improvements to Move Forward
This week should see the Texas Transportation Commission's approval of the Interstate 35 Master Plan, with improvements to include lanes for trucks only and with a price tag in the billions. Texas still needs to work with fellow states and find funding for the program, according to the state Transportation Department's Randall Dillard. ABC NewsWire (10/26/99)HighwayMaster's TrackWare Delivers Trailer Tracking Solution
The TrackWare trailer-tracking product, which comes with a GPS receiver and Cellemetry-enabled transceiver and works with the ProMiles 99 software, has been debuted by HighwayMaster Corp., a subsidiary of HighwayMaster Communications. TrackWare has a unit cost around $500 with monthly base fees between $4.99 and $14.99. Business Wire (10/26/99)PNV, Internet Provider for Truckers, Sets IPO
PNV.net Inc. has decided on an IPO of 3.75 million common shares at an anticipated $15 to $17 apiece, with an additional 562,500 available for purchase by underwriters should demand be strong. The company, which intends to use the symbol PNVN in Nasdaq trading, serves the trucking industry with Internet and other communications. Boston Globe Online (10/26/99)Cummins Introduces INSPEC 3, INFORM 3
Cummins Engine has released enhanced editions of its INSPEC engine fleet management software as well as the INFORM reporting software. INSPEC 3 allows fleet managers to get engine data from various electronic control modules and helps detect tampering with engines. Fleet managers can also track and adjust parameters and calibrations with INSPEC 3."Not only does INSPEC 3 offer more graphics and flexible, customer friendly reporting, it now supports the entire Interact System of products," says Ann-Kristin de Verdier, director of Engine Data Information Systems.
INFORM 3 creates various kinds of reports that can aid in saving fuel, increasing safety, and cutting idle time. Both software packages work with the RoadRelay 4 onboard computer. Fleet Equipment (10/99) Vol. 25, No. 10; P. 61
Schneider Keeps on Truckin' Online
Schneider National Inc. was quick to get into the Internet. In 1997, Schneider National created a Web site that allowed customers to monitor shipment locations, thus avoiding multiple telephone calls and related overhead costs. The online Internet Order Entry and Internet Invoice Entry allow users to interface with the company's Utility for Managing Intergrated Transportation.A new division, Schneider Brokerage, was created in June to allow users to find carriers, loads, and employees through a secure site, The Schneider Connection. Schneider National, which last year began using the OmniTracs communication/tracking products from Qualcomm, has allied with Orbcomm Global for satellite technology that should help drivers find trailers and help reduce theft.
Brian Clancy, a principal at the consultancy MergeGlobal Inc., thinks the National Transportation Exchange and other online brokerages for unused capacity will not much hurt Schneider National, saying such online marketplaces suffer from "dirty data." Internet Week (10/25/99) No. 786; P. 18; Booker, Ellis
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