Roadrunner Transportation Systems Reports 2013 First Quarter Results and Announces Second Quarter 2013 Guidance

Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, today reported financial results for the three months ended March 31, 2013. Roadrunner's summary financial results for the three months are highlighted below. First quarter 2013 net income available to common stockholders increased 33.4% over the prior year quarter to $10.6 million. Roadrunner's diluted income per share of $0.29 represents an increase of 16.0% from the first quarter 2012 diluted income per share of $0.25. The impact on diluted income per share from Roadrunner's December 2012 stock offering of 3.9 million shares was $0.03 per share. Excluding the impact of the December 2012 stock offering, Roadrunner's diluted income per share would have increased $0.07 per share over the first quarter 2012, an increase of 28.0%.
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Obama Names Charlotte Mayor Anthony Foxx Transportation Chief

President Barack Obama tapped Charlotte, N.C., mayor Anthony Foxx as the new secretary of transportation on Monday. The choice is seen as part of an effort to boost the number of minorities in high-level positions on his cabinet. The nomination of Foxx, who led last year’s Democratic National Convention, would make him the only African American selected for a cabinet opening in Obama’s second term. Attorney General Eric H. Holder currently is the only African American leading a cabinet department.
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Private Carriers Honor Fleet Executives, Companies for Excellence

National Private Truck Council has honored five individuals and companies for excellence in fleet management and operations with its annual Leadership Awards. The annual awards were sponsored by Heavy Duty Trucking magazine and http://www.truckinginfo.com/news/story/2013/05/private-carriers-honor-fleet-executives-companies-for-excellence.aspxpresented during NPTC’s annual conference and exhibition, which concluded yesterday in Cincinnati. HDT’s senior editor, Tom Berg, assisted NPTC’s president and CEO, Gary Petty, with the presentations. The awards and recipients are:
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Transportation & Logistics Company Takes New Approach to Franchising With Adjustable Support Model

BlueGrace(R) Logistics' newly launched franchising website describes progressive three-tiered offerings. The quality of a franchise opportunity lies within the team providing the offer. As the most progressive powerhouse in the logistics industry, BlueGrace Logistics takes franchise opportunities to a whole new level. The offering of a BlueGrace Franchise gives new and prospective franchisees the opportunity to choose how much assistance they actually need from the national support center, allowing franchise owners to operate and manage at a level they are comfortable with.
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Schneider National Reduces Cargo Theft Rates for Sixth Straight Year

GREEN BAY, Wis. -- Schneider National has reported declines in cargo theft rates for the sixth consecutive year. The company’s 2012 security results – including a 40% decline in full-truckload thefts and a 50% reduction in total value per load stolen – far exceed U.S. industry rates for 2012, according to the company.
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Reddaway Receives Safety Honors from California Trucking Association

The California Trucking Association (CTA) has recognized Reddaway with two of its annual Fleet Safety Awards. Reddaway was the proud recipient of the first place trophy in the LTL/General Commodities--Local/Short Haul Over 4 Million Miles category as well as the second place trophy in the LTL/General Commodities--Linehaul Over 7 Million Miles category.
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Private Fleets Boosting Capacity Faster than For-hire; Delo Truck on Tour; the 3 Ds of Sales Success

Private fleets are currently adding capacity with additional units at a faster rate than for-hire fleets, according to results from CK Commercial Vehicle Research’s second-quarter Fleet Sentiment survey. Half of the private fleets participating in the quarterly survey indicated they were adding capacity with the power units they expected to purchase (in the next three months) with an average of more than 40% of those orders designated for that purpose. For the same time period, a third of for-hire fleets said they were adding capacity, averaging just 6% of power units directed to growing their vehicle population.
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Becoming a Best Fleet to Drive For

Have you seen this logo? It’s coming to a Facebook page, recruiting ad or trailer wrap near you. On March 5, at the annual Truckload Carriers Association (TCA) convention in Las Vegas, we were very proud to recognize our 2013 Best Fleets to Drive For, and announce the overall winners: Grand Island Express and Landstar System. The Top 20 included six fleets based in Canada, and ranged in size from 25 company drivers to more than 8,000 independent contractors.
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Peterbilt Honors Dealers

Peterbilt honored several dealers during its recent annual dealer meeting, held at the Paccar MX Engine manufacturing facility in Columbus, Miss. The company handed out Medium Duty Dealer of the Year, Parts and Service Dealer of the Year, Paccar MX-13 Engine Dealer of the Year and TRP Dealer of the Year awards.
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Tax Negotiations to Finance Transportation, SouthCoast Rail Start

Negotiations between the House and Senate over a $500 million to $600 million tax bill to finance transportation nominally began Thursday, while Gov. Deval Patrick indicated he remains unsure how he’ll respond to a legislative revenue plan all but assured to be smaller than his proposal. "I think we’ve all been talking about this for a while now, and I think we’re very close, the general framework is similar, so that’s helpful," said House Ways and Means Chairman Brian Dempsey, one of the six members of the conference committee, referring to the House and Senate tax and transportation bills.
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Narrow Order Trend of Class 8 Vehicles Continues in April: ACT Research

The narrow order trend of Class 8s that’s been in place since last October continued in April, with North American Class 8 preliminary net orders reaching 23,300 according to ACT Research. Over those seven months, orders have fallen no lower than 20,100 units and no higher than April’s expected 23,300 units. In similar fashion, Classes 5-7 preliminary net orders of 15,800 are in line with the three-month order trend. Final numbers will be released mid-May. The preliminary net order numbers are typically accurate to within 5% of actual. "April’s Class 8 preliminary net orders were up sequentially and year-over-year," said Kenny Vieth, president and senior analyst at ACT Research. "April was the third consecutive month of positive year-over-year comparisons. While April’s Classes 5-7 volume was down from year-ago levels, the three-month order average is running slightly ahead of the year-ago comparison."

 

Astro-Cooler Products Opens Second Facility

Sacramento, CA-based Astro-Cooler Products is pleased to announce the opening of its second manufacturing facility in Kansas City, Kansas. The facility will allow the company to provide faster and more cost-effective service to its Midwest and East Coast customers. All customer service and order management will still be handled from the Sacramento office. Astro-Cooler Products manufactures cargo insulation for temperature-sensitive products in the form of Astro-Cooler® Blankets, Astro-Quilts®, and Pallet Covers designed to protect cargo from both hot and cold temperatures as well as condensation.