Marten Transport Pushes Second Quarter Profit Higher

    20 Jul by Vitaliy Dadalyan Tags:

    Marten Transport Pushes Second Quarter Profit Higher

    Marten Transport Ltd. on Thursday reported its second quarter net income increased 7.2% from a year earlier to $9.1 million, or 17 cents per share, 2 cents better than analysts' expectations.

    This compares to income of $8.5 million, or 16 cents per share, for the second quarter of 2016 for the temperature controlled carrier based in Wisconsin.

    Operating revenue increased to $171.5 million for the second quarter of 2017 from $166.1 million a year earlier. Operating revenue, net of fuel surcharges, improved 2% to $155.9.

    Total revenue in the company's dedicated and intermodal operations rose 5.7% and 7.5%, respectively, during the quarter from a year earlier. Dedicated revenue totaled $41.5 million while intermodal was $19.1 million.

    Total truckload revenue increased 0.9% to $94.9 million as brokerage revenue improved 6.6% to $15.9 million.

    “We are encouraged by our growth in revenue and profitability driven by our continued disciplined execution of Marten's unique multifaceted business model,” said Randolph L. Marten, chairman and CEO. “Excluding the one-time facility disposition gain in our first quarter of 2015, we earned the highest net income in our history in this quarter and achieved our best operating ratio, net of fuel surcharges, over the last ten quarters.

    Marten reported a consolidated operating ratio of 90.9% in the second quarter of this year compared to 91.1% a year earlier.

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    20 Jul by Vitaliy Dadalyan Tags:

    GCR Tire & Service Appoints Hoeft COO

    <img width="150" src="http://www.automotive-fleet.com/fc_images/news/m-steve-hoeft-1.jpg" border="0" alt="

    Steve Hoeft joins GCR Tires & Service as COO. Photo: GCR Tire & Service

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    GCR Tires & Service, a business unit of Bridgestone Americas, Inc. providing commercial tires and service, today announced that Steve Hoeft will join the organization as chief operating officer.

    Hoeft will be based in Nashville and will lead the operations function of GCR, driving standardization, process improvement and systems leadership across more than 200 GCR store locations in North America.

    Steve Hoeft joins GCR Tires & Service as COO. Photo: GCR Tire & Service

    ">"Steve has extensive operational experience and expertise that make him well-suited for the GCR chief operating officer role, and we are excited to welcome him to the team,” said John Vasuta, president, GCR. “At GCR, we take great pride in being a trusted and proactive advisor to our customers, and Steve's leadership will ensure we are delivering a consistent, high-quality customer service experience across all of our store locations.”

    Hoeft joins Bridgestone from Execution Specialists Group, where he led consulting practice areas, including strategy development and implementation, operations and sales resource alignment, supply chain management and inventory rationalization.

    Prior to his time with ESG, Hoeft was senior vice president and general manager of U.S. operations and product development for Brinks. In that role, he was responsible for all U.S. field operations, leading 7,000 teammates with a focus on customer satisfaction, revenue growth and quality of service.

    Hoeft previously worked for Advance Auto Parts in roles of increasing responsibility, including vice president of commercial operations and market growth strategy, regional vice president of operations, and vice president of sales and national accounts.

    Hoeft holds a bachelor's degree in Business Administration from Cleary University and an MBA from the University of Michigan.

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    20 Jul by Vitaliy Dadalyan Tags:

    Canadian Trucking Lobby Submits Wish List for NAFTA Talks

    <img width="150" src="http://www.automotive-fleet.com/fc_images/news/m-naftacanadagovtglobalaffairscanada-1.jpg" border="0" alt="

    Image: Global Affairs Canada

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    Image: Global Affairs Canada

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    The Canadian Trucking Alliance has officially submitted comments on cross-border trade to Global Affairs Canada, as governments prepare to renegotiate aspects of the North American Free Trade Agreement.

    The association's submission covers 11 related areas of interest including: in-transit truck moves, cargo pre-clearance, government investment at ports of entry, harmonization of security programs, the trend in rising cross-border fees, the movement of food products and related inspections, and e-commerce, among other topics.

    “Many of the comments by the carrier community contained in our submission are longstanding issues that have been impeding cross-border trade,” said CTA President Stephen Laskowski. “CTA is eager to work with Ottawa, Washington, and the business communities on both sides of the border to try and resolve these issues for the betterment of the economies in the U.S. and Canada.”

    For its part, the U.S. has already indicated an interest in automating and streamlining customs and border procedures. Those were among negotiation objectives released on July 17 by the Office of the United States Trade Representative. That 18-page document asks for “automation of import, export, and transit processes” as well as “reduced import, export, and transit forms, documents, and formalities [and] enhanced harmonization of customs data requirements” for goods crossing the border.

    Now, on to the wish list linked specifically to trucking:

    Repositioning trailers

    Existing cabotage rules govern how foreign motor carriers reposition trailers. “This is inconsistent with modern-day logistics practices,” the CTA brief reads, noting how shippers, receivers and freight forwarders control when freight is loaded and unloaded. “Motor carriers must therefore maintain larger trailer pools, allowing them to drop off a loaded trailer at the consignee so the driver and truck don't need to wait.” Along with the American Trucking Association, it wants foreign drivers to be able to reposition empty foreign trailers as part of ...Read the rest of this story