Trucking News — 3/1917 — Trucking News

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Photo: ODFL

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Photo: ODFL

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One of the country’s leading LTL carriers, Old Dominion Freight Line (NASDAQ: ODFL) scored high in the second quarter, reporting a 21.4% increase in earnings per diluted share to $1.19 on revenue of $839.9 million. Net income climbed 20.9%, reaching $94.4 million.

The results, reported on July 27, are “likely to encourage investors to send Old Dominion roaring past its 52-week share price high of $100.71 in early trading today,” pointed out analysis posted by the Winston-Salem Journal.

The newspaper’s writer contended that ODFL’s record performance “centers on gaining market share through adding and expanding [distribution] centers” since the less-than-truckload carrier “ships products more quickly and attracts more customers because it does not depend on a full trailer to make a profit.”

“Old Dominion produced strong financial results for the second quarter of 2017, which included a double-digit increase in revenue and an increase of more than 20% in earnings per diluted share,” said David Congdon, vice chairman and CEO. “These were the best growth rates in revenue and earnings per share since our first quarter of 2015.”

Congdon said Q2’s 11.2% increase in revenue was driven by a 6.1% rise in LTL tonnage per day and a 5.1% increase in LTL revenue per hundredweight. “Excluding fuel surcharges, our LTL revenue per hundredweight increased 3.8%. We believe that the growth in LTL tonnage was attributable to the continued improvement in the domestic economy and the consistent execution of our long-term strategic plan of delivering superior service at a fair price.”

In addition, ODFL’s Q2 operating ratio improved 140 basis points to set a new company record of 80.9%. Congdon attributed this improvement generally to leverage created by the carrier’s accelerated revenue growth, which he said benefited from increases in both freight density and yield. “As a result, most of our operating …Read the rest of this story

Source:: http://www.truckinginfo.com/channel/fleet-management/news/story/2017/07/earnings-watch-old-dominion-earnings-spike-21-4-in-second-quarter.aspx

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Daimler Trucks North America officials gathered in Yountvile, California, to update trucking reporters on the latest Detroit connectivity and analytics advances. Photo: Deborah Lockridge

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Daimler Trucks North America officials gathered in Yountvile, California, to update trucking reporters on the latest Detroit connectivity and analytics advances. Photo: Deborah Lockridge

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YOUNTVILLE, CA — Fleets of all sizes that are running Detroit powertrains are about to get access to several new tools that will make it easier to analyze the vast amount of data available from the truck – including not only engine fault code data, but also fuel efficiency and safety data.

DTNA announced to truck reporters Thursday that all Freightliner Trucks and Western Star customers with an active Detroit Connect subscription now have access to the Detroit Connect portal. In addition, a mobile app will be available later this year.

The portal is a hub for new and future connectivity services, such as Detroit Connect Virtual Technician remote diagnostic service, for Detroit-powered fleets.

The Detroit Connect portal provides information about overall fleet health with a few clicks of the mouse, and also lets users take a deeper dive into specific fault events communicated by Virtual Technician. Real-time fault event notifications delivered through the portal lets fleets quickly determine whether a vehicle requires an immediate service stop or can finish its route or day’s work. The portal also delivers full diagnostic information from Virtual Technician, including the cause of the fault and in some cases the steps needed to repair the issue.

For customers wanting to do a deeper dive into an issue, Detroit Diesel Engine Control (DDEC) reports can also be viewed and archived via the portal.

Company executives stressed that ease of use for customers and the ability to easily integrate the data into their fleet’s real world operations was a priority.

“We’ve had active customers we onboarded early, before we even went into development,” explained Lauren Atinasi, product strategy manager, connectivity. “That’s how we now the portal would really be …Read the rest of this story

Source:: http://www.truckinginfo.com/channel/drivers/news/story/2017/07/new-connectivity-analytics-options-coming-for-detroit-powered-trucks.aspx

Detroit looks to differentiate itself through greater, more practical connectivity …Read the rest of this story

Source:: http://www.trucknews.com/mobile-and-it/disrupting-the-disruptors/1003080112/

YOUNTVILLE, Cali. – When choosing which brand of truck to buy, connectivity and telematics are playing a larger role in the buying decision, according to Dan Deppeler, vice-president of maintenance for Paper Transport. “This becomes a much more important piece… …Read the rest of this story

Source:: http://www.trucknews.com/equipment/oem-best-telematics-will-win-paper-transport-vp/1003080110/

VANCOUVER, B.C. – Sea critters from the Vancouver Aquarium are traveling across Canada in style to mark the country’s 150th birthday. Having departed Vancouver in April, the AquaVan 150 is trekking from coast to coast for seven months offering Canadians… …Read the rest of this story

Source:: http://www.trucknews.com/mobile-and-it/sea-creatures-travel-canada-customized-trailer/1003080107/