Registration for the 2014 Food Shippers of America 59th Annual Conference is now open online at www.foodshippersofamerica.org
. The theme is "Bridging the Gap," and with all the great speakers and topic sessions, you don't want to miss this event. Reservations at the JW Marriott Grande Lakes, Orlando, FL, can be made using the link provided on the FSA website. See you all there !!!!
The planning committee just met, and with Conference Co-Chairs Gregory Bostick, SUPERVALU, and Andrew Moreau, Strive Logistics leading the way, our 2014 committee looks to provide yet again another great event.
The conference theme,"Bridging the Gap," will have sessions you won't want to miss.
Extensive networking opportunities include morning and afternoon golf rounds on Sunday the 23rd, Sunday lunch for all, the return of our First Time Attendee Reception, Sunday reception and dinner, Monday conference sessions, Monday reception and banquet dinner, and Tuesday morning's conference sessions on the 25th. These opportunities are essential to making the most of your time at the conference.
We are pleased to maintain our conference rates at our previous level of $750 per attendee for shippers and receivers and $975 for all other attendee types. Conference attendance will be limited to 900 in total.
The Food Shippers of America 2014 Annual conference will be held at the JW Marriott Grand Lakes in Orlando FL, February 23-25, 2014.
Food Shippers of America has secured a discounted room rate for registered conference attendees of $229 per night plus tax. While we have increased our room block from last year, rooms are available on a first come/first served basis, and the discounted room rate can only be applied through use of the link provided. Securing room reservations is the responsibility of the attendee and is not included in the conference registration fee.
Look forward to seeing you there!!!
The 2014 John J. Murphy Scholarship program will again be available for a child or dependent of a supply chain logistics department employee of a Food Shippers of America member company whose membership has been paid in full.
The Arizona Department of Transportation is participating in a federally funded study to see how critical infrastructure can be protected in the face of effects of climate change.
Director John Halikowski says a key aim of the research is identifying potential design changes that could be required because of extreme weather events.
Overall profits up just 2.8%, but there were winners and losers; new HOS rules had an impact, but in the low single digits.
In a volume environment that appears to have been modest at best, US public truckload carriers posted overall decent, but decidedly mixed results in Q3.
As always, SCDigest is here this week with a review of Q3 and year-to-date 2013 results from our group of seven publicly traded carriers (note: giant Schneider National continues to be a private company).
That includes both summary tables of financial and operating results as well as any noteworthy commentary from the various Q3 earnings releases. Both should be of interest to shippers.
J. B. Hunt Transport Services has announced third quarter 2013 net earnings of $89.5 million, compared to third quarter 2012 net earnings of $78.2 million.
Total operating revenue for the current quarter was $1.44 billion, compared with $1.3 billion for the third quarter 2012.
Load growth of 11.6% in the company’s intermodal business, implementation of new private fleet conversions in its dedicated services and an increase in revenue per load in logistics business helped drive segment revenue increases of 12%, 17% and 13%, respectively.
Remember when I told you that I believed Kraft (KRFT) was on its way up? Well, it is up 1.67% since that time; as I predicted that $51.96 would act as support (it hit $51.79 on 09Oct13 and bounced up immediately). The stock currently stands at $54.11 and is holding the support level. Kraft Foods Group, Inc. operates food and beverage businesses in North America, including convenient meals, refreshment beverages and coffee, cheese and other grocery products. On October 30, 2013, the company reported third-quarter earnings of $0.70 per share, which beat the consensus of analysts' estimates by $0.01. In the past year, the company's stock is up 21.43%, excluding dividends (up 24.44% including dividends), and is losing to the S&P 500 (SPY), which has gained 24.66% in the same timeframe. With all this in mind, I'd like to take a moment to evaluate the stock on a fundamental, financial, and technical basis to see if it's worth buying more shares of the company right now for the consumer goods sector of my dividend growth portfolio.
Trucks that make use of fuel-efficient technologies and alternative fuels will be appealing as diesel fuel prices rise over the next five years; thus, trucks will also fetch higher prices as demand for them grows while the US economy continues to recover. For these reasons, industry research firm IBISWorld has updated a report on the truck and bus manufacturing industry in its growing industry report collection.
The panel on 21st Century Freight Transportation, led by its Chairman, U.S. Rep. John Duncan, Jr. (R-TN), and Ranking Member Jerrold Nadler (D-NY), released its final report on the current state of freight transportation in the United States and its recommendations for freight transportation improvements to strengthen the U.S. economy.
M&M Cartage has announced a new initiative to become a national leader in green transportation. The Kentucky-based company plans to invest $7.5 million in building materials and capital equipment, allowing for the construction of a new headquarters with green efficiencies to go along with the addition of new trucks powered by compressed natural gas. To accomplish the goal, the Commonwealth of Kentucky awarded M&M Cartage $800,000 in economic incentives to spur this investment, which will lead to 45 new jobs.
Everybody wants roads fixed, but no one wants to pay for them.
That could have been the theme for a transportation forum in Texas Township recently.
A group of local elected officials, administrators and interested citizens turned out for the forum to learn the State Dept. of Transportation needs 1.2-billion more to fix its roads. The City of Kalamazoo could use 160-million, and the county projects it could spend 53-million.
Kalamazoo County Road Commission Manager Joanne Johnson says the gas tax is bringing in less revenue because cars are burning less gas.
PO Logistics, which provides freight brokerage, expedited transportation and logistics services, has announced financial results for the third quarter showing total revenue was $194 million, a 173.3% increase from the same period in 2012.
Despite the big upturn in business, the Connecticut-based company reported a net loss of $6 million, compared with a net loss of $3.1 million for the same period in 2012.
Minimizer’s award winning Chrome Poly fenders continue to impress. Since their 2011 unveiling, trucks outfitted with these fenders keep earning world-class distinctions. Recently, Scott Rud’s 2000 Peterbilt 379 won Best of Show for Working Bobtail at the October 2013 Heart of America Trucking Show in Kansas City, Kansas.
Rud’s rig, equipped with Minimizer Chrome Poly fenders, won multiple awards at the event, including 2nd Place in Working Bobtail, 3rd Place in Custom Paint and 3rd Place in Custom Lighting. This win is far from the first time Rud’s 2000 Peterbilt has earned such merit.
The parent to trucking operations Con-way Freight, Con-way Truckload and Menlo Worldwide Logistics, Con-way Inc. has reported 2013 third-quarter net income of $30.6 million, compared to third-quarter 2012 net income of $25.3 million.
Operating income for the Michigan-based operation in the third quarter was $67.7 million, a 22.6% increase from the $55.2 million earned in the third quarter a year ago. Revenue for the third quarter in both years was $1.4 billion.