Nov 17, 2009
In our last post,
we said that there wasn’t any footage from the two episodes that aired last week. We still couldn’t find anything available on Hulu, but found an add and a link on HD.net that goes to iTunes. All Dan Rather Reports episodes are available on iTunes for $1.99 per episode.
Look for “Queen of the road” and “Truck Talk”
Great news if you have an internet connection or use an Apple iPhone. Enjoy the show!
Nov 4, 2009
A recent release on Bloomberg told of Manufacturing in the U.S. expanding faster than anticipated in the month of October. This is great news for truckers if this continues. We all know who is going to deliver all the increased volume. Trucking Companies.
This recent release is another piece of data that is easing concerns that the economic recovery will be cut short when the entire government stimulus begins to run out. The pessimistic believe that the recovery is like pump that was primed by the hands of government that will run dry when the pumping stops.
The optimistic say otherwise and the increase in manufacturing may begin to lean more people towards a belief in this recovery. In the article an executive was quoted
“The economic outlook is brightening,” said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York. “Manufacturing is in the driving seat at this stage of the recovery. Housing has turned the corner.”
Another quote from the article by John Herrmann said “The recovery remains firmly on track.”
This makes as good a time as any to get into the trucking business. As the economy recovers their will be plenty of jobs for people that have had CDL training. Contact CR England if you would like addition information about CDL training.
The original Bloomberg article can be found at: http://www.bloomberg.com/apps/news?pid=20601087&sid=aBMmrE9wsFKc&pos=1
Nov 2, 2009
This is really breaking news that the Associated Press ran this afternoon about YRC . YRC is a large trucking company and the last time we ran an article about them we had quite a few comments. Here is a block quote form the Associated Press release.
YRC shares sink after debt exchange(AP) – 4 hours agoNEW YORK — YRC Worldwide Inc. shares plunged more than 50 percent Monday after the struggling trucking company said it is launching a debt exchange offer that could drastically reduce current shareholders’ stakes.The move is part of YRC’s effort to get access to cash and avoid a bankruptcy filing, which has been rumored for months. It has struggled to integrate two of it units and suffered through a dramatic falloff in freight demand amid the recession.YRC runs trucks under the Yellow, Roadway, New Penn and Holland names shipping everything from refrigerators to clothing across the U.S. through a huge network of terminals.Overland Park, Kan. YRC said it intends to launch an exchange offer of $536.8 million in 8 1/2 percent notes for common and preferred stock equal to 95 percent of its common shares, with a provision to give stock options to the company’s union employees. YRC offered options equal to 15 percent of the company’s common stock to union workers in exchange for wage and pension cuts earlier this year.The trucking company had about $1.69 billion in liabilities, but only about $1 billion in assets as of Sept. 30. YRC has sold real estate, cut thousands of jobs and renegotiated terms of its debt to stay afloat. On Friday, the company said it lost $158.7 million, or $2.67 per share in the third quarter.Shares plunged $1.93, or 53 percent, to $1.72 in afternoon trading.If the exchange is successful, it will allow the company to access $106 million in funds from a credit line reserve. It would also let the company begin to defer about $25 million in interest and fees currently owed to lenders and another $25 million per quarter in other fees related to a recently amended credit deal.The company currently has access to $50 million of the funds from the reserve for certain operational purposes and will get the rest with a two-thirds approval from its lenders.
Oct 6, 2009
CR England Green Trucking Jobs
C.R. England, Inc. Awarded 2009 SmartWaySM Excellence Award
This award is great news for lease operators and company drivers that are interested in protecting the environment. Now drivers applying for openings can also feel better knowing that they are applying for trucking jobs with an industry leader that is constantly working to become an environmentally friendly trucking company. This conscious effort to conserve energy and lower green house gases has earned CR England the 2009 SmartWaySM Excellence Award.
Mitch England, Director of Fuel was quoted speaking highly of the program,“SmartWaySM has been a valuable and important resource for us. Through this partnership we have realized our goal of improving the environment through decreasing fuel consumption, improving efficiency, and saving money,” and later “We would encourage all those in the transportation industry to consider joining SmartWay.”
As you can see trucking jobs with CR England are truck driving jobs with a company that is interested in protecting the environment. Here is some proof that environmentally practices are in action at C.R. England, Inc. C.R. England reduced carbon dioxide emissions by 544,160 tons and saved 49,023,390 gallons of fuel by implementing fuel saving strategies such as reducing maximum speed and idle time on all trucks, utilizing technology to reduce deadhead and out of route miles, and adding aerodynamic equipment to the tractors and trailers.
When you choose to work for CR England your getting top notch safety training and your learning from an award winning environmentally friendly trucking company that has not laid off a driver in it’s almost 90 year history. Contact a company recruiter if your interested in trucking jobs with an industry leader. Applications are available online at www.CREngland.com.
Sep 29, 2009
YRC worldwide, Ticker YRCW once again announced that it is going to be cutting trucking jobs. The economy is certainly taking its toll on the this trucking giant. YRCW is most known by its Yellow Freight Less-than-truckload trucking division, but the compnay also owns Roadway.
The company has decided to cut more truck driving jobs as a way to get some slack from its lenders as it avoids bankruptcy. The lenders will certainly be glad to see the company getting leaner as it tries to survive the recession.
Company officials were quoted in an article by William B. Casidy of The Journal Of Commerce as saying, ” “The company continues to make workforce adjustments across the company in response to economic conditions affecting business volumes.”
The company, the largest nationwide LTL operator, didn’t say how many employees would be let go, “since workforce actions are still in process.” The layoffs will streamline decision-making and eliminate duplicate efforts and costs, the company said.
The recession has taken a heavy toll on YRCW as it has reported losses of over $575 million in the first half of 2009. The second quarter of 2009 was the worst so far as the company watched its revenue decline over 40%.
One highlight regarding remaining truck driving jobs at YRC is that lenders have begun to work with the company and are working with YRC to resolve some of its lending issues. This could be a sign of an end to the job cuts at YRCW.
Find the full and complete Journal of Commerce Article here : http://www.joc.com/node/413646
