Daily Archives: August 1, 2012

Estes Express Lines Announces Leadership Changes in Operations and Sales

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RICHMOND, Va.—Estes Express Lines has announced the promotion of two Estes leaders in operations and sales. Al Bucher has been named corporate vice president of operations, and Pat Martin is now corporate vice president of sales.

Prior to this promotion, Al Bucher served as Estes’ regional vice president of the Great Plains, a position he held since joining the company in 2010. His history with Estes started in 2002 when he joined Lakeville Motor Express (LME) as director of operations. Both companies were part of ExpressLINK, a regional carrier network formed to cover the United States and Canada. Bucher went on to become president and executive vice president of LME. He started his freight transportation career in 1981, holding various operations and sales positions with Hyman Freightways, American Freight Lines and Dayton Freight Lines. Over the coming months, Bucher will transition into his new role and will be located in Richmond, VA, at the Estes corporate office.

He is taking over for J.T. “Junior” Johnson who has been in operations with Estes for 47 years. Johnson will spend the next several months working with his successor to affect a seamless transition. Once the transition is complete, Estes will continue to benefit from Johnson’s leadership as a field resource for employee development and new operational process implementation until his final retirement.

In his new position as corporate vice president of sales, Pat Martin is responsible for revenue growth management for the LTL division specifically, as well as the coordination of sales strategies enterprise-wide. Martin joined Estes in 2001 in Richmond terminal sales and has served Estes in numerous posts, including regional vice president of Estes West and vice president of field sales and strategic planning. He will be located at the Estes corporate office.

Martin replaces Chuck Parker, who is retiring in the coming months after 44 years in the freight transportation industry. Parker joined Estes in 1995 as vice president of national accounts and was promoted to vice president of sales in 2002.

“Fundamental to Estes’ success is the breadth of our leadership experience and expertise that enables us to provide the highest quality freight transportation services and outstanding customer service,” said Billy Hupp, Estes’ COO and executive vice president. “We extend our deepest gratitude to Junior and Chuck for their contributions throughout their careers, and congratulate Al and Pat in their well-deserved promotions.”

If you want to get estes express tracking service, please go to www.expresstracking.org/estes/

About Estes
Richmond, VA-based Estes is a full-service freight transportation provider offering a full range of shipping solutions including LTL, Time Critical, Volume & Truckload, Global and Custom Solutions. Founded in 1931 by W.W. Estes and still owned by the Estes family, the company has grown from a small, local carrier into one of the most respected total-solutions providers in the industry.


Safmariners celebrate International Mandela Day

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Safmariners in South Africa were among thousands of volunteers around the world who supported the fourth Nelson Mandela International Day as they celebrated Nelson Mandela’s 94th birthday on 18 July 2012 by assisting communities in need.

Safmariners in South Africa were among thousands of volunteers around the world who supported the fourth Nelson Mandela International Day as they celebrated Nelson Mandela’s 94th birthday on 18 July 2012 by assisting communities in need.

In Johannesburg, Safmariners and their customer, Merisol, spent more than 67 minutes – one minute for every year Mr Mandela dedicated to the fight for social justice – painting classrooms and planting lemon trees at  Khensani School in Shoshanguve in Gauteng while Safmariners in Cape Town joined the SA Post Office in planting 50 indigenous trees at the Velokhaya Life Cycling Academy BMX Oval in Khayelitsha near Cape Town.

Both Khensani Primary School and Velokhaya are Safmarine ‘Containers in the Community’ programmes.  The programme entails the conversion of decommissioned seafreight containers into infrastructure such as schools, classrooms, libraries and computer centres.   Safmarine pioneered the use of shipping containers for community upliftment purposes when it launched the award winning ‘Containers in the Community’ programme 20 years ago, in July 1992. Since then, more than 8000 shipping containers have been used in more than 3000 projects in South Africa and Africa.

According to Patricia Simons, Safmarine South Africa PR and CSI Manager, “Decommissioned shipping containers are converted as part of Safmarine’s continued focus on helping to address poverty and inequality in South Africa by getting involved in educational projects that support skills transformation and education.”

According to Monde Mpongoshe, Velokhaya’s CEO,  “Mandela Day not only celebrates Nelson Mandela’s life, but is also a global call to action for people to recognise their ability to have a positive effect on others around them. The Safmariners’ enthusiasm and spirit was very inspiring and certainly had a positive effect on the children in our programme.”

The overarching objective of Mandela Day is to inspire individuals to take action to help change the world for the better, and in doing so build a global movement for good. Ultimately it seeks to empower communities everywhere.  Individuals and organisations are free to participate in Mandela Day as they wish but are urged to adhere to the ethical framework of “service to one’s fellow human”.

If you want to get Safmariners Tracking service, please go to Express Tracking.

Saia to Announce Second Quarter 2012 Financial Results on July 27, 2012

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JOHNS CREEK, GA, Jul 06, 2012 (MARKETWIRE via COMTEX) –Saia, Inc. (NASDAQ: SAIA), a multi-regional freight transportation and solutions company, announced that it will release its quarterly results before the market opens on Friday, July 27, 2012. Saia management will host a conference call to discuss the results later that morning at 10:00 a.m. Eastern Time.

To participate in the call, please dial 888-523-1245 or 719-325-2394 referencing conference ID #4471158. Callers should dial in five to ten minutes in advance of the conference call. This call will be webcast live via the company web site at www.saia.com. A replay of the call will be offered two hours after the completion of the call through August 3, 2012 at 2:00 pm ET. The replay will be available by dialing 1-888-203-1112 or 719-457-0820.

The webcast is also being distributed over CCBN’s Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN’s individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN’s Individual Investor Network. Institutional investors can access the call via CCBN’s password-protected event management site, StreetEvents (www.streetevents.com).

Saia, Inc. (NASDAQ: SAIA) is a leading, less-than-truckload (“LTL”) provider of regional, interregional and guaranteed services covering 34 states with truckload brokerage and value-added logistics services. Headquartered in Georgia, the carrier employs 8,200 people. For more information, please visit the Investor Relations section of the website at www.saia.com.

If you want to get Saia Tracking service, please go to Express Tracking.

CONTACT:
Saia, Inc.
Renee McKenzie
Treasurer
678.542.3910
RMcKenzie@Saia.com

SOURCE: Saia, Inc.

Con-Way Inc. Reports 2012 Second Quarter Results

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ANN ARBOR, Mich. – July 31, 2012
Con-way Inc. (NYSE:CNW) today reported 2012 second-quarter net income of $41.8 million, or 74 cents per diluted share. The results compare to second-quarter 2011 net income of $29.4 million, or 52 cents per diluted share.
On a non-GAAP basis, earnings per diluted share were 66 cents in the 2012 second quarter compared to 50 cents in last year’s second quarter. (Non-GAAP items, consisting of gains on facility sales and tax-related adjustments for both years, are detailed in the attached reconciliation.)
Operating income in the 2012 second quarter was $80.1 million, a 33.2 percent increase from the $60.2 million earned in the second quarter a year ago.  Revenue for the 2012 second quarter was $1.45 billion, a 7.2 percent increase from last year’s second-quarter revenue of $1.35 billion.
“Our strategy continues to deliver improved results,” said Douglas W. Stotlar, Con-way’s president and chief executive officer. “Our second quarter performance reflected disciplined operations which increased profit levels at all business units.”
Con-way Freight, the company’s less-than-truckload (LTL) operation, benefited from effective cost management and higher yield during the quarter. “These results enabled Con-way Freight to successfully expand margins over last year,” Stotlar said. “Our LTL company’s employees are doing a great job executing our strategy and driving improvements in the business.”
Menlo Worldwide Logistics, the company’s global logistics and supply chain management operation, saw improved revenues and profits from both international and U.S.-based operations during the quarter. “New business revenues coupled with growth in existing warehousing and transportation management accounts supported Menlo’s improved results over last year,” Stotlar noted. “Our logistics company continues to create efficiencies for customers through its proven lean practices and superior operational execution.”
Con-way Truckload, the company’s full-truckload transportation operation, maintained its momentum. “We continued to increase efficiencies and asset utilization during the quarter,” Stotlar said. “Reduced empty miles and higher revenue per loaded mile contributed to an improved operating ratio. We remain focused on operational excellence and premium service as our foundation for further margin expansion.”
The second-quarter effective tax rate was 35.4 percent in 2012, compared to 35.3 percent in 2011. Both years included discrete tax adjustments that affected the effective tax rate (detailed in the attached reconciliation). Excluding the discrete tax adjustments, the second-quarter effective tax rate would have been 38.9 percent in 2012 and 37.7 percent in 2011.
Segment results in the second quarter for Con-way’s principal operations were as follows:

FREIGHT

For the second quarter of 2012, Con-way Freight reported:

  • Revenue of $878.5 million, a 4.6 percent increase over last year’s second-quarter revenue of $839.8 million.
  • Operating income of $53.4 million, up 36.5 percent compared to $39.2 million earned in the year-ago period. The current-period results reflected continued price improvement, operating efficiency and cost control, and included $3.9 million of gains from the sale of excess properties.
  • Yield increased 3.2 percent from the previous-year second quarter. Excluding the fuel surcharge, yield also rose 3.2 percent.
  • Tonnage per day increased 0.9 percent compared to the 2011 second quarter.
  • Operating ratio was 93.9 in the 2012 second quarter compared to 95.3 in the previous-year period. Excluding the gain from the sale of excess properties, the operating ratio in the 2012 second quarter was 94.4.

LOGISTICS

For the second quarter of 2012, Menlo Worldwide Logistics reported:

  • Revenue of $448.0 million, an increase of 13.7 percent from the prior year second-quarter revenue of $394.0 million. New business revenues, increased freight brokerage volumes and gains from warehousing and transportation management services contributed to the higher revenues.
  • Net revenue (revenue less purchased transportation) of $161.8 million, a 10.1 percent increase from $147.0 million in the previous year second quarter.
  • Operating income of $12.7 million, a 4.9 percent increase over last year’s second quarter operating income of $12.1 million. The higher operating income was attributable primarily to improved operating profit from transportation management services including increased profit contribution from international operations.

TRUCKLOAD

For the second quarter of 2012, Con-way Truckload reported:

  • Revenue of $162.9 million, a 4.8 percent increase over last year’s second-quarter revenue of $155.5 million. Revenue per loaded mile, excluding fuel surcharge, was up 3.0 percent from the second quarter of 2011.
  • Operating income of $14.6 million, a 41.6 percent increase over operating income of $10.3 million in the previous-year period. Improved fuel surcharge recovery, price increases and higher asset utilization contributed to the increased operating income.
  • Loaded miles increased 2.4 percent compared to the 2011 second quarter.
  • Empty miles decreased to 9.2 percent from 9.4 percent in the previous-year second quarter.
  • Operating ratio exclusive of fuel surcharges was 88.3, compared to 91.3 in the second quarter of 2011.

CON-WAY OTHER

Con-way Other includes the company’s Road Systems, Inc. trailer manufacturing unit as well as other corporate activities. These activities produced an operating loss of $0.6 million in the second quarter of 2012 compared to an operating loss of $1.4 million in the second quarter of 2011.

INVESTOR CONFERENCE CALL

Con-way will host a conference call for the investment community tomorrow, Wednesday, August 1, beginning at 8:30 a.m. Eastern Time (5:30 a.m. Pacific).
The call can be accessed by dialing (866) 264-3634 or (706) 643-3632 (for international callers) and is expected to last approximately one hour. The call will also be available through a live internet webcast, in the investors section.
An audio replay will be available for two weeks following the call by dialing (855) 859-2056 or (404) 537-3406 (for international callers) and using access code 96775665.

If you want to get Conway Tracking service, please go to Express Tracking.
About Con-way Inc.
Con-way Inc. (NYSE:CNW) is a $5.3 billion freight transportation and logistics services company headquartered in Ann Arbor, Mich. Con-way delivers industry-leading services through its primary operating companies of Con-way Freight, Con-way Truckload and Menlo Worldwide Logistics. These operating units provide high-performance, day-definite less-than-truckload (LTL), full truckload and multimodal freight transportation, as well as logistics, warehousing and supply chain management services. Con-way also operates Road Systems Inc., a trailer refurbishing and manufacturing company which supplies trailing equipment to the company’s trucking fleets. Con-way Inc. and its subsidiaries operate from more than 500 locations across North America and in 20 countries.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release constitute “forward-looking statements” and are subject to a number of risks and uncertainties and should not be relied upon as predictions of future events. All statements other than statements of historical fact are forward-looking statements, including: any projections of earnings, revenues, weight, yield, volumes, income or other financial or operating items, all statements of the plans, strategies, expectations or objectives of Con-way’s management for future operations or other future items, any statements concerning proposed new products or services, any statements regarding Con-way’s estimated future contributions to pension plans, any statements as to the adequacy of reserves, any statements regarding the outcome of any legal and other claims and proceedings that may be brought against Con-way, any statements regarding future economic conditions or performance, any statements regarding strategic acquisitions, any statements of estimates or belief, and any statements or assumptions underlying the foregoing. Specific factors that could cause actual results and other matters to differ materially from those discussed in such forward-looking statements include: changes in general business and economic conditions, increasing competition and pricing pressure, the creditworthiness of Con-way’s customers and their ability to pay for services rendered, changes in fuel prices or fuel surcharges, the possibility that Con-way may, from time to time, be required to record impairment charges for goodwill, intangible assets and other long-lived assets, the possibility of defaults under Con-way’s revolving credit agreement and other debt instruments (including without limitation defaults resulting from unusual charges), uncertainty in the credit markets, including the effect on Con-way’s ability to refinance indebtedness as and when it becomes due, labor matters, enforcement of and changes in governmental regulations or legislation which potentially could result in an adverse impact on the company, environmental and tax matters, and matters relating to Con-way’s defined benefit pension plans, including the effect on the plans of changes in discount rates and in the value of plan assets. The factors included herein and in Item 1A of Con-way’s 2011 Annual Report on Form 10-K as well as other filings with the Securities and Exchange Commission could cause actual results and other matters to differ materially from those in such forward-looking statements. As a result, no assurance can be given as to future financial condition, cash flows, or results of operations. Any forward-looking statements speak as of the date of July 31, 2012, and are subject to change.  Con-way does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.