Monthly Archives: July 2016

ArcBest Corporation Announces Second Quarter 2016 Results

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  • Second quarter 2016 revenue of $676.6 million and net income of $10.2 million, or $0.39 per diluted share.
  • Second quarter ABF Freight® operating results were impacted by lower daily revenue combined with costs associated with the handling of smaller average sized shipments.
  • ArcBest’s asset-light logistics revenue equaled 30 percent of total revenue.

FORT SMITH Arkansas, July 29, 2016 – ArcBest Corporation® (Nasdaq: ARCB) today reported second quarter 2016 net income of $10.2 million, or $0.39 per diluted share, compared to second quarter 2015 net income of $20.0 million, or $0.74 per diluted share.  The inconsistent economic operating environment combined with a surplus of transportation capacity continues to impact available business levels and operating margins at ABF Freight and at each of ArcBest’s asset-light logistics companies.  In the midst of this challenging period, ArcBest continues to successfully build on the strategic opportunities it has to gain new business, strengthen shipper relationships and offer additional services to existing customers.  The ArcBest companies are focused on delivering superior service levels while working together to offer comprehensive logistics solutions that meet customer needs at a fair price.

Excluding certain items in both periods, ArcBest’s non-GAAP net income was $10.0 million, or $0.38 per diluted share, in second quarter 2016 compared to earnings of $20.2 million, or $0.75 per diluted share, last year.

Read more at abfs.com

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OLD DOMINION FREIGHT LINE ANNOUNCES EARNINGS PER DILUTED SHARE OF $0.98 FOR 2016 SECOND QUARTER

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THOMASVILLE, N.C. – (July 28, 2016) – Old Dominion Freight Line, Inc. (NASDAQ: ODFL) today announced financial results for the three-month and six-month periods ended June 30, 2016, which include the following:

“Old Dominion continued to provide outstanding customer service during the second quarter of 2016, but our quarterly revenue was once again negatively impacted by reductions in both fuel surcharges and non-LTL revenue,” said David S. Congdon, Vice Chairman and Chief Executive Officer of Old Dominion. “These factors, combined with a domestic economy that remained sluggish, resulted in our first quarterly year-over-year decline in revenue since the fourth quarter of 2009.

“Old Dominion’s revenue for the second quarter includes a 0.8% increase in LTL revenue per hundredweight that was partially offset by a 0.3% decrease in LTL tonnage per day. Excluding fuel surcharges, LTL revenue per hundredweight increased 2.7% during the second quarter as the pricing environment remained relatively stable. We have not changed our pricing philosophy or commitment to price discipline, but changes to our weight per shipment and mix of freight continue to impact our yield metrics.

Read more at odfl.com

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Blue Dart Sales at Rs. 621.37 crores

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– The Company posted Rs. 44.08 crores profit after tax
Mumbai : July 28, 2016

Blue Dart Express Limited, South Asia’s premier express air and integrated transportation, distribution and logistics Company, today declared its financial results for the quarter ended June 30, 2016, at its Board Meeting held in Mumbai.

The company posted Rs. 44.08 crores profit after tax for the quarter ended June 30, 2016. Net Sales/Income from operations for the quarter ended June 30, 2016 stood at Rs. 621.37 crores.

Anil Khanna, Managing Director, Blue Dart said, “Our focus on delivering a positive customer experience and delight is unwavering. Our people and strategy is aligned to cater to India’s express logistics requirements. Despite a restrained macro-economic environment, our commitment to India’s business has been strengthened with our continued investments in technology, aviation and ground infrastructure, focus on core express products/services in air, ground and e-tail”.

Read more at bluedart.com

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Inovasi JNE untuk Lingkungan Hidup dan Pembatasan Gerak Kendaraan Bermotor di Jakarta

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Juli 2016 – Kepadatan arus lalu lintas, khususnya yang terjadi di kota-kota besar seperti di Jakarta, merupakan tantangan bagi JNE yang telah 26 tahun melayani konsumen di bidang jasa pengiriman ekspres dan logistik dalam melakukan distribusi paket. Pada akhir tahun 2014 lalu, JNE menambah jenis moda transportasi sepeda listrik yang efektif dalam mendukung peraturan pemerintah DKI Jakarta mengenai larangan melintas bagi sepeda motor di beberapa ruas jalan protokol. Kini, pemerintah DKI Jakarta kembali melakukan mengeluarkan kebijakan pelat nomor ganjil – genap untuk kendaraan bermotor di beberapa wilayah yang akan ditetapkan 30 Agustus 2016 mendatang sebagai upaya mengurangi kemacetan.

JNE pun melakukan langkah-langkah persiapan yaitu bekerjasama dengan komunitas kurir sepeda Westbike Messenger Service (WMS) yang berdiri pada tahun 2010 dan memulai bisnis jasa kurir tahun 2013. JNE bersama WMS meluncurkan JNE Eco-Courier yang didukung oleh puluhan kurir sepeda beratribut serta seragam khusus.

Langkah tersebut sebagai komitmen JNE dalam memberikan kualitas pelayanan prima kepada seluruh pelanggan setia, khususnya di wilayah tempat diberlakukannya kebijakan pemerintah yang membatasi pergerakan mobil mau pun motor pribadi demi mengurangi kepadatan lalu lintas serta menggalakan kampanye kepedulian terhadap lingkungan dengan turut mengurangi polusi udara menggunakan sepeda sebagai moda delivery transportation karena rendah emisi (zero emission transportation).

Read more at jne.co.id

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Roadrunner Reports 2016 Q2 Results and Revises 2016 Guidance

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7/27/2016

Roadrunner Transportation Systems Reports 2016 Second Quarter Results and Revises 2016 Guidance
Cudahy, WI – Jul. 27, 2016 – Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, today reported financial results for the three and six months ended June 30, 2016.

Revenues for the quarter ended June 30, 2016 decreased to $483.4 million from $517.9 million for the same quarter in 2015. Operating income was $8.6 million, compared to $31.2 million for the prior year quarter. Diluted earnings per share available to common stockholders was $0.05 for the second quarter of 2016, compared to $0.42 for the second quarter of 2015. Results for the second quarter of 2016 included $0.05 of downsizing costs.

Read more at www.rrts.com

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First Flight Phone Number

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Here is the latest First Flight Phone Number.

Corporate and Registered Office
G – 1001/02, 10th Floor, Lotus Corporate Park, Off Jay Coach Flyover, Western Express Highway, Goregaon (E), Mumbai – 400 063. INDIA

Phone Number: 022-39576666
Fax Number: 022-39520803
E-mail: ffcl@firstflight.net
CIN – U64100MH1988PLC047228m

AAA Cooper Transportation® Awarded Transportation Provider of the Year by Technicolor

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AAA Cooper Transportation® was awarded the 2015 Technicolor Transportation Provider of the Year. The awards dinner was held April 25, 2016, at the Ridgeway Country Club in Memphis, TN. It is a tremendous honor to win this award as it identifies AAA Cooper Transportation® as the top Technicolor provider among all modes of transportation.

The factors involved in the award include carrier communication, customer service, and the carrier’s willingness to step up when needed. All Technicolor transportation team members vote on this award amd must provide detail statements to support their vote. Congratulations to the entire AAA Cooper Transportation® team who worked tirelessly to make this a successful partnership.

Read more at www.aaacooper.com

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Aramex Records Double Digit Revenue Growth in Second Quarter of 2016

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Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, today announced its financial results for the second quarter of 2016. Aramex’s Net Profits increased by 36% to AED 125.7 million, up from AED 92.5 million in Q2 2015. Revenues were also up 17%, to AED 1,105 million compared to AED 946 million over the corresponding period of the previous year.

Aramex’s Half Year 2016 Revenues increased year-on-year to AED 2,134 million, up 15% compared to AED 1,856 million for the corresponding period of 2015. Net Profits during the same period rose to AED 222.5 million, up from AED 179.2 million in the first half of 2015, a year-on-year increase of 24%. Overall Net Profits registered double-digit growth, impacted by a one-time fair value adjustment related to Aramex’s investment in AMC Logistics joint venture in Egypt amounting to AED 41.6 million.

Commenting on the results, Hussein Hachem, Aramex CEO said: “We are pleased with our Q2 financial performance. Despite global economic uncertainty, continuing oil price volatility and currency fluctuations, our results for the quarter were strong. However, though we finished strongly, we experienced slowing growth at the end of the quarter. We are closely watching this trend so we can quickly adjust to further volatility and remain cautiously optimistic about continuing our growth momentum into the second half of 2016.”

Read more at aramex.com

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Holland Grand Rapids and Chicago Garages Celebrate Safety Records

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Grand Rapids Sets an Impressive Safety Record

[07.20.16] From Holland Headlines. The Holland Grand Rapids Maintenance Shop (Garage) is the largest in our system. There are more people doing more work on more vehicles here than in any other Holland shop. Despite all of that activity, the 31-member Grand Rapids maintenance team recently accomplished the amazing feat of going two years without a single lost-time injury.

“If you do the math based on the number of people in the Grand Rapids shop, they worked over 100,000 hours without a lost-time injury,” says Holland Area Maintenance Manager Paul Childers. “That is an amazing record by any standard. It’s a credit to the safety mindset Shop Manager Pete Holzgen creates in the shop, and to every member of his team. Their safety record proves you can do a great job of maintaining a fleet, keeping our trucks on the roads, and going home injury-free every day.”

Read more at hollandregional.com

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