Daily Archives: May 3, 2016

AAA Cooper Receives Safety Awards from Alabama Trucking Association in 2015

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In the 2015 Fleet Safety Contest for Alabama, AAA Cooper Transportation® was recognized with the 3rd Place Award for the lowest accident frequency for our local operations (P & D) in the General Commodities 3 to 5 Million Miles category. AAA Cooper Transportation® received the 2nd Place Award for the General Commodities over 10 Million Miles category. This includes both local and over the road, linehaul operations.

This is for DOT recordable accidents that happened within the State of Alabama and the mileage is in Alabama. Accident frequencies are calculated and reflect a number of accidents per million miles.

Read more at www.aaacooper.com

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GlobalTranz Awards AAA Cooper Transportation® as the Southeast Region 2015 Carrier of the Year

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AAA Cooper Transportation® was once again recognized by GlobalTranz, a leading transportation management company, as their 2015 Carrier of the Year for the Southeast Region. The honor was presented during their annual corporate convention held in Scottsdale, Arizona.

AAA Cooper Transportation® was selected based on scoring done by GlobalTranz’s network of agents measuring their carrier base on such areas as on-time service, driver courtesy, billing accuracy, claims resolution and customer service. Michelle Combs, Business Development Manager, Dedicated Services, accepted the award on behalf of AAA Cooper Transportation®.

Read more at www.aaacooper.com

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Union Customs Code (UCC) Implemented on May 1, 2016

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The Union Customs Code (UCC), together with its Delegated and Implementing Acts, came into force in the European Union (EU) on May 1, 2016. Although minor delays were initially reported on Sunday, May 1st, no further delays or challenges with the submission of all forms of declarations to customs administrations throughout the European Union have been reported.

Based on customs administrations resource availability, it is expected that economic operators will be notified as and when to take actions for applying for new authorizations, licenses and the lodging of financial guarantees, to bring these in line with the requirements of the UCC.

Read more at expeditors.com

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XPO Logistics Announces First Quarter 2016 Results

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GREENWICH, Conn. – May 3, 2016 – XPO Logistics, Inc. (NYSE: XPO) today announced financial results for the first quarter of 2016. Total gross revenue increased 404.4% year-over-year to $3.5 billion, and net revenue increased 510.5% to $1.6 billion.

The company reported a net loss attributable to common shareholders of $23.2 million for the quarter, or a loss of $0.21 per diluted share, compared with a net loss attributable to common shareholders of $15.4 million, or a loss of $0.20 per diluted share, for the same period in 2015. The first quarter 2016 net loss includes $16.8 million of one-time after-tax transaction-related costs net of noncontrolling interests, and a $26.9 million non-cash after-tax amortization charge.

The adjusted net loss attributable to common shareholders, a non-GAAP measure, was $9.3 million, or a loss of $0.08 per share for the first quarter of 2016, excluding the items detailed below. This compares with an adjusted net loss attributable to common shareholders of $9.9 million, or a loss of $0.13 per share, for the first quarter of 2015.

Read more at xpo.com

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