plus 4, CSX 4Q earnings rise, but shipping volume falls - KTVZ.com |
- CSX 4Q earnings rise, but shipping volume falls - KTVZ.com
- N.J. Auto Dealer Group Boosts Service Department Revenues, Team ... - YAHOO!
- ADP Closes Acquisition of DO2 Technologies - Stockhouse
- Timken Bolsters Resources to Support Growth in Heavy-Duty Truck ... - Yahoo Finance
- Nestlé Waters Canada unveils lighter plastic bottle - SooToday.com
| CSX 4Q earnings rise, but shipping volume falls - KTVZ.com Posted: 20 Jan 2010 02:40 AM PST
By SAMANTHA BOMKAMP AP Transportation Writer NEW YORK (AP) - CSX Corp., the nation's third-largest railroad, said Tuesday the economy improved modestly in the fourth-quarter, but its shipping volume dropped from a year ago as demand for coal to produce electricity remained weak. CSX, based in Jacksonville, Fla., said fourth-quarter net earnings rose 23 percent compared to a year ago - a period weighed down by a loss related to the company's sale of the money-losing Greenbrier resort. Excluding that year-ago loss, earnings from continuing operations fell 16 percent. Shares fell more than 3 percent in after-hours trading, after closing up 47 cents in the regular session to close at $50.51. Railroads are seen as gauges for nation's economic health because they carry so many consumer and industrial goods - everything from toys to lumber to trucks. Analysts look to CSX, the first railroad to report fourth-quarter earnings, and its competitors to measure how the larger economy is faring. The railroad said gains in its transfers from trucks - a key indicator of consumer spending - and the automotive segment were more than offset by declines in shipments of coal and food. Stimulus programs including Cash for Clunkers and inventory restocking helped boost consumer and auto-related segments. Coal shipments were hit by a steep downturn in electricity demand, as industrial production shrank and consumers turned off the lights to save money. CSX also hauled less coal because of the ongoing slowdown in construction, since certain types of coal are used to make steel. In addition, many utilities turned to natural gas to run power plants as the price for that fuel dropped. CSX expects demand for coal from electric utilities to remain weak well into this year. The company, which operates its blue and yellow locomotives from Canada to Florida and west to the Mississippi River, reported net earnings of $305 million, or 77 cents per share, compared with $247 million, or 63 cents per share a year earlier. Revenue fell 13 percent to $2.32 billion. Thomson Reuters says analysts expected profit of 76 cents per share on revenue of $2.39 billion. CSX's full-year earnings fell 16 percent to $1.15 billion, or $2.91 per share. Revenue for 2009 dropped 20 percent to $9.04 billion. The railroad's larger Western rivals Union Pacific and Burlington Northern Santa Fe are scheduled to report earnings Thursday. Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| N.J. Auto Dealer Group Boosts Service Department Revenues, Team ... - YAHOO! Posted: 20 Jan 2010 08:09 AM PST In spite of the current economic downturn, Flemington (N.J.) Car and Truck Country, (http://www.flemington.com) a leading new and used car dealership offering 30 different makes, is maximizing repair work and capturing vehicle repair market share--gains the 10-store dealer group attributes to MPi's EDGE System. Flemington, N.J. (PRWEB) January 20, 2010 -- In spite of the current economic downturn, Flemington (N.J.) Car and Truck Country (http://www.flemington.com), a leading new and used car dealership offering 30 different makes, is maximizing repair work and capturing vehicle repair market share--gains the 10-store dealer group attributes to MPi's EDGE System (http://www.mpifix.com). "In 2009, we broke all kinds of records for retail customer pay business at our stores," says Steve Jellen, Flemington's fixed operations director, noting a $1.1 million gain in customer pay work for the year (a 5 percent gain for the group). We increased our volume of pay for repair orders (ROs). We increased our overall number of ROs and traffic volume." "With nearly two years of an economic recession, I wonder where we'd be without the MPi program," Jellen says. "You can't measure what it would have looked like." MPi's EDGE System and its World Class Inspection™ program ensure the 100-plus technicians and advisors across Flemington's 13 service departments consistently perform inspections on vehicles and sell recommended work with transparency toward customers. Some results: • Advisors and techs average better than 90 percent on requesting and performing inspections on vehicles; their customer satisfaction rankings also hit top factory marks; "Our dollars per RO and hours per RO have remained constant with MPi, Jellen says, "But we've always been strong sellers," Jellen says. "MPi has allowed us to go to the next level because it gives us the ability to measure and track advisor and technician performance and achieve consistently high results." For example, Jellen previously could not track the number of vehicle inspections performed on vehicles without a manual review of thousands of ROs. Now, the data shows up daily through MPi's Dashboard. He and other managers can readily review the number of completed vehicle inspections, technician recommendations, advisor sales/close ratios and other metrics to pinpoint potential management issues. "I can see the data down to the advisor and technician level," Jellen says. "I can see if a technician is making more or fewer recommendations than his peers, and I can see if an advisor is following our process to make the sales." Jellen also credits MPi's "Know Your Vehicle" report for helping advisors raise their performance--while keeping customers happy. He estimates about 25 percent of customers who receive the report return to complete work they refused during an initial visit, a key driver behind the overall increase in RO counts for the group. "Customers love MPi's 'Know Your Vehicle' report," Jellen says. "It allows our advisors to explain things in plain English and show customers the value in our recommendations and work. Customers don't mind spending money with you--even if you're not the cheapest--when they know what's going on and they see the value." With the help of MPi's management metrics, Jellen plans to focus on improving customer retention rates and attracting new customers in the coming year. "MPi forces a dealership to do a good job for the customer," he says. "We can't help but get better at what we do." MPi is an industry leader delivering processes, metrics and software solutions, which enable automotive dealerships to achieve World Class™ results in their service departments. The MPi World Class Inspection™ Program is making a difference in these dealerships, providing them significant increases in profits, efficiencies and customer loyalty using the EDGE™ profit generating solution. World Class Inspection program pricing is based on dealership size and number of users. A dealership can receive a no-cost price quote and business case by contacting MPi. For more information call: 1-800-997-1674 X 6 or visit: www.mpifix.com or visit booth 1052 at the 2010 NADA Convention & Exposition in Orlando, FL, February 13-15, 2010. About MPi: ### Mobile Productivity, Inc. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| ADP Closes Acquisition of DO2 Technologies - Stockhouse Posted: 20 Jan 2010 07:48 AM PST Enters Procure-to-Pay Market With New Accounts Payable Solution ROSELAND, NJ, Jan 20, 2010 (MARKETWIRE via COMTEX News Network) -- ADP (R), a leading provider of outsourced HR, payroll, and benefits administration services, today announced it has completed its acquisition of DO2 Technologies Inc., of Calgary, Alberta, a leading provider of electronic-invoicing solutions. The technology acquired from DO2 Technologies simplifies the procure-to-pay function, from purchase order integration and transaction processing to discount management, price compliance, approvals workflow, and payment. The solution is delivered through a Software-as-a-Service (SaaS) model, enabling quicker ramp-up and a lower cost of ownership. "The acquisition of DO2 Technologies allows ADP to help finance professionals better run their day-to-day operation, while offering greater visibility and the ability to focus on strategic initiatives to drive business results," said Kathy Amooi, Senior Division Vice President and General Manager for ADP's Tax and Financial Services business. ADP's tax and financial services solutions include payroll, tax filing, payment solutions, garnishment services, unemployment compensation management, tax credit services, sales tax automation, and accounts payable. About ADP Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9 billion in revenue and about 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging 60 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.ADP.com. For more information, contact: Kelly Shanley (973) 974-7612 public_relations@adp.com Zach Siegel Cohn & Wolfe for ADP (212) 798-9859 zach.siegel@cohnwolfe.com SOURCE: ADP mailto:public_relations@adp.com mailto:zach.siegel@cohnwolfe.com Copyright 2010 Marketwire, Inc., All rights reserved.Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Timken Bolsters Resources to Support Growth in Heavy-Duty Truck ... - Yahoo Finance Posted: 20 Jan 2010 06:58 AM PST {"s" : "tkr","k" : "c10,l10,p20,t10","o" : "","j" : ""} CANTON, Ohio, Jan. 20 /PRNewswire/ -- When the road gets rough, sometimes it pays to keep on trucking. Timken did that during the recessionary year of 2009, and managed a modest sales increase in the North American heavy-duty truck aftermarket, despite the industry being down an estimated 20 percent. (Photo: http://www.newscom.com/cgi-bin/prnh/20100120/CL40442 ) "More and more, we're finding customers want to buy Timken products to ensure they get the most mileage for their money," said Phil Varner, Timken heavy-duty aftermarket manager. "We have proven quality advantages and a very popular training program that together have built a lot of trust in our brand." Timken has focused on three things to drive growth in the aftermarket for heavy-duty trucks:
The company is adding several new positions in 2010 to support increased demand from these initiatives. Tom Tecklenburg, director – Timken automotive and heavy-duty aftermarket, announced the addition of two new regional managers and a national accounts manager, both reporting to Varner. Among the new posts, Mark Stangl was appointed regional manager – heavy-duty aftermarket to focus on creating "pull" demand from key heavy-truck fleets working with sales representatives and independent rep agencies. Stangl joined Timken in June 1997 and has held various positions in engineering, sales and product management. His most recent role was specialist – fleet sales CTS. He has a bachelor's degree in mechanical engineering from Rose Hulman Institute of Technology and received his MBA from Kent State University in 2001. Richard Moss was appointed to the position of national accounts manager – heavy-duty aftermarket, with responsibility for national program buying groups, key distributors and the interface with OE sales in developing and growing OE dealer sales. Moss joined Timken in October 1997 and has held various positions within aftermarket sales. His most recent role was marketing segment manager – heavy-duty. He has a bachelor's degree in business administration from the University of North Carolina at Charlotte. An additional regional manager position remains open. "With everything we're doing to meet the demand for Timken's products in the heavy-duty aftermarket, from reps, to dealers, to training and more people on the street, we're effectively quadrupling our channel resources, and we are confident it's the right thing to do for our customers," said Tecklenburg. For additional technical resources and more information about Timken's full range of products and services for the heavy duty aftermarket, visit: www.timken.com/en-us/solutions/automotive/aftermarket/heavyduty/Pages/default.aspx About The Timken Company The Timken Company (NYSE: TKR, http://www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers' machinery to perform more efficiently and reliably. With sales of $5.7 billion in 2008 and operations in 26 countries, Timken is Where You Turn™ for better performance. (1) Case-carburized tapered roller bearings commonly used in heavy-truck axles and wheel-ends, bearing life test results citing median life relative to Timken: All bearings tested (Timken, A, B, C and D) were case-carburized, all commercially available and produced in North America by top competitors of Timken, with information derived from Timken Standard Life Testing, using significant statistical samplings of bearings in controlled test environment.
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| Nestlé Waters Canada unveils lighter plastic bottle - SooToday.com Posted: 20 Jan 2010 08:17 AM PST By SooToday.com Staff SooToday.com Wednesday, January 20, 2010
NESTLÉ WATERS CANADA **************************** At 9.16 grams, new eco-shape® container is one of the lightest in use Nestlé Waters Canada, Canada's marketshare-leading manufacturer and distributor of healthy beverage choices, today unveiled its next-generation eco-shape® 500 ml. bottle, one of the lightest such containers in the Canadian beverage industry and the Company's latest step in an ongoing commitment to reduce plastic consumption across its brand portfolio. Weighing just 9.16 grams on average, this bottle contains 27 percent less plastic than its predecessor eco-shape bottle, which was introduced in 2007, and 60 percent less plastic than the company's original, pre-eco-shape 500 ml. PET bottle, first introduced in 2000. The eco-shape plastic beverage container introduced in 2007 was among the first branded 500 ml. bottles in the beverage industry to be light-weighted. The latest version of the eco-shape 500 ml. bottle is currently rolling out in the Company's marketshare-leading Pure Life and Montclair brands. Nestlé eco-shape 500 ml. PET beverage containers are 100 percent recyclable and, thus, can avoid going to landfill by being recycled. When recycled, they become carpeting, automotive parts, toys and clothing, for example. Nestlé Waters Canada and its industry partners currently participate in funding Canada's municipal recycling infrastructure across the country - infrastructure that also collects glass, paper and aluminum. The Company and its industry partners introduced Canada's first public spaces recycling program in Quebec in 2008; will introduce a similar program in Manitoba later this year and recently completed a successful pilot program in Ontario. About 60 percent of plastic beverage containers were diverted from landfill across Canada last year, according to the provincial stewards responsible. The pilot public spaces recycling program in Quebec captured about 85 percent of recyclables, compared to 77 percent for the first phase of the Ontario pilot program in Sarnia. Nestlé Waters Canada communicates the recycling capability of its packaging and the importance of recycling on its product labels, on its product cases, in its advertising and on its web site. "With about 60 percent of Canadians drinking bottled water, reducing the amount of plastic in our bottles is one of the best ways to reduce our carbon footprint," said Gail Cosman, president, Nestlé Waters Canada. "Our first-generation eco-shape bottle was a significant step and is credited with reducing our plastics requirements by 4.59 million kilograms annually since 2007 and also reducing CO2 emissions by eight percent annually. It has also reduced high pressure compressed air consumption by 40 percent, which has reduced our hydro-electricity consumption considerably. In the last five years, we have reduced CO2 emissions by 30 percent for every litre of water produced." In addition to reducing plastic in its bottles, Nestlé Waters Canada continually reviews its secondary packaging materials for reduction opportunities. As a result, the new bottles also feature a cap weighing only one gram. The Company has also eliminated cardboard side walls from the majority of its 24-packs of bottled water, its number-one seller. Nestlé Waters Canada also continues to make progress toward its goals of reducing its carbon footprint on additional fronts, including: - It manufactures its own bottles at each of its bottling facilities, saving the energy required to ship truckloads of empty bottles into its plants. This avoids the need to truck 20,000 trailer loads of empty plastic bottles per year and saves 12,000,000 kilograms of greenhouse gas emissions annually. - More than 80 percent of its products are shipped directly from its plants to retailers. - The average shipping distance was 250 kilometres from source to shelf. That compares to 2,400 to 3,200 kilometres for fresh fruit and vegetables and most consumer packaged goods sold through grocers, according to Dan Murphy, an agricultural consultant from Washington state. - It is using hydrogen fuel cell forklifts and hybrid sales vehicles. - Its $15 million warehouse expansion at its Puslinch distribution centre in 2009 has reduced the number of trucks traveling to and from that facility by 1,500 per year. - It has continuously reduced the size of its paper labels since 1998 - the current label is 35 percent smaller than the previous one. To date, this has resulted in a savings of about 20 million pounds of paper. - It has reduced corrugate use by 88,000 tons over the last five years, which is equivalent to saving 528,000 trees. Another 15 percent reduction took place in 2009. - It is committed to developing a next-generation bottle made entirely from recycled materials or renewable resources by 2020. **************************** Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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