DOCSLIB.ORG

MIDAMERICA-INFOGRAPHIC-1 New 07

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
MIDAMERICA-INFOGRAPHIC-1 New 07 MID-AMERICA’S PLACE OF STRENGTH IN THE US ECONOMY In 2016, the Mid-America region was responsible for 18.8% of the US GDP. Located in the middle of the United States, the region is the perfect place for national and international compa- nies to operate due to the ease of logistics and transportation in and out of the region. The region boasts a comparably afford- able cost of living and operation as well as a skilled labor force. Advantages of the Mid-America Region include strong industry clusters in automotive and food industries. BIG FOOD ON THE TABLE DRIVING HARD BUSINESS The Mid-America EDC region The automotive cluster of the produces 40% of the nation’s Mid-America EDC region has MANY OF THE WELL-KNOWN, food supply. There are more more than 3,300 establish- HOUSEHOLD NAMES, OF than 6,800 food processing ments, employing over 440,000 FORTUNE 1000 COMPANIES and manufacturing people. This is 52% of the total HAVE HEADQUARTERS IN THE establishments in the region. employed in the cluster in the REGION INCLUDING: United States. AAR Corp. Abbott Laboratories Allstate Insurance Archer Daniels Midland Co. INSURING AMERICA Berkshire Hathaway The insurance services cluster WE MEAN BUSINESS Best Buy of the Mid-America EDC has There are 300 Fortune 1000 Boeing over 8,000 establishments, company headquarters in the Caterpillar employing more than 385,000 Mid-America EDC 12-state Con Agra Foods people, 26% of total number region. The most common Cummins employed in the cluster in the industries concentrated in the United States. Fortune 1000 companies are Deere & Company the food products, automobile Discover Financial Services parts and suppliers and the Dow Chemical insurance industry. Eli Lilly & Co. Ferrellgas Partners OUTSTANDING Ford Motor Company FOR LOGISTICS AND General Mills Co. General Motors Co. TRANSPORTATION Goodyear Tire & Rubber Harley Davidson The region boasts strong connectivity. In the center of the J M Smucker Co. country, the region is well-poised for companies that have Johnson Controls, Inc. business on both US coasts as well as overseas. Kellogg Co. Kohlʼs There are more than The region is home to all of Kraft Foods 11,700 miles of primary the Class I railroads and Land OʼLakes Interstate highways in the several short line railroads. Lansing Trade Group region that provide connec- Macyʼs tions to the east and west McDonaldʼs Corp. coast, gulf coast, Mexico Motorola Solutions Inc. and Canada. There are approximately 80 Nationwide Mutual Insurance commercial ports in the Owens Corning region and large maritime Polaris Industries Transportation and logistics ports on the Great Lakes, Proctor & Gamble Co. is a common, significant Mississippi, Illinois and Ohio Rockwell Automation strength and asset of the Rivers. Waterways and com- Seaboard Corporation region. Business Facilities mercial ports are found on Sears magazine noted that the Lake Michigan, Lake Superi- Snap-On Tools region hosts the 3rd largest or, Lake Erie, Lake Huron, Spirit AeroSystems Holdings intermodal port in the world. Mississippi River, Missouri The region is also home to River, Illinois River, and Ohio Target Corp. the largest freshwater port in River. Toro Co. the world, the busiest border Union Pacific Railroad crossings in North America, is United Continental Holdings a center link of the NAFTA US Bancorp corridor, and the 2nd largest USG Corp. FedEX air hub worldwide. Westar Energy YRC Worldwide UNIVERSITIES, COLLEGES AND RESEARCH AND DEVELOPMENT R&D The region is home to internationally recognized THE RESEARCH UNIVERSITIES HOUSE SEVERAL RESEARCH universities and colleges as well as national labs INSTITUTES AND INITIATIVES; and centers for innovation and research. SOME OF THE AREAS OF FOCUS ARE: Bio-economy DO THE RESEARCH Metabolic biology SPARK IMAGINATION The region is home to 21 of the Environmental Health and Safety There are about 820 public and top 101 research universities in the United States (according to Nanoscience and Nanotechnology private universities and colleges in the Mid-America EDC region. the Council of State Biocatalysis and Bioprocessing Governments Midwest. Twelve Genomics and Bioinformatics (12) of the 60 members of the Archeology Association of American Advanced Algal and Plant Universities are located in the Mid-America EDC region Phenotyping CREATE NEW The region is home to 40 American research universities Bioenergy national laboratories. Four perform more than half of Autism, Intellectual and worth noting are the Ames all basic research in the Neurodevelopmental Disabilities Laboratory, Argonne National United States. Water sciences Laboratory, the Glenn Nanoscience Research Center, and the Sanford Underground Molecular engineering Research Facility. These labs Molecular pediatric services are centered on some of the Cardiovascular research common assets and strengths Cancer and other chronic diseases of the region – energy, aerospace and engineering. Supercomputing – advanced computational research Eye research POSITIONED WELL FOR NEW ENERGY Fusion technology PRODUCTION AND CONSERVATION Engine research Nearly 15 billion gallons of ethanol are produced in the United Dairy research States per year. 78% of the US ethanol is produced in the Environmental remote sensing Mid-America EDC states region. Wind energy The “Blue” Economy - The region may be a leader, or position Skin diseases itself, as a leader in water technology in the US and North Ameica. The lakes and rivers of the Mid-America region are important from a transportation and logistics standpoint. The Global Council is a unique asset, as water technology is a key industry drive for many states in the Midwest. AFFORDABLE COSTS OF OPERATION When a national site consultant was recently asked why one of his clients relocated operations from the West Coast to the Mid-America EDC region, he responded “skill sets and corresponding cost of talent. The location offered a lower cost profile than the west coast and the reliability of the talent/labor was great.” Educational attainment for high school graduation and college attainment exceed the national average Five of the top most livable states are in the region Both household incomes and home ownership rates are above the national average, and this is an indication of health of a community and quality of life. Additionally, median value of homes are significantly below the US rate. Mid-America EDC members are dedicated economic development professionals who share best practices to make you more valuable to your organization. Mid-America EDC is the best resource for making contact with site selectors, advancing regional economic development programs, and accessing thought leadership. Learn more at MidAmericaEDC.org .
Load more

Recommended publications
  • Trucking Industry Uses Election Spending and Lobbying Expenditures to Weaken Truck Safety Rules Through Backdoor Riders on Transportation Spending Bills
    June 24, 2015 Trucking Industry Uses Election Spending and Lobbying Expenditures to Weaken Truck Safety Rules Through Backdoor Riders on Transportation Spending Bills Large truck crashes kill 4,000 thousand Americans every year, and injure nearly 100,000 more at an economic cost of $99 billion. With such a devastating toll of needless death and suffering, the United States urgently needs enhanced truck safety measures. But it’s not stronger truck safety that’s on the Congressional agenda. Shamefully, Congress is instead acting to weaken truck safety standards. If the trucking industry succeeds with its investment of $78 million in congressional lobbying and campaign money since 2012 as this report reveals, the public will be paying even more with their lives and their wallets. On June 9, the U.S. House of Representatives passed an appropriations rider that would roll back a series of truck safety rules; similar life-threatening provisions are now under consideration in the U.S. Senate Appropriations Committee, which will consider them at a committee markup Thursday, June 25. These measures are not being passed through the normal process. They are not being considered in the committees of jurisdiction; they are not being passed after or in response to committee investigation and oversight; they are not evidence-driven in any way. Instead, they are moving as policy riders – incorporated as extraneous matters into must-pass Transportation Department spending bills. There is only one way to understand this Congressional action: With their campaign contributions and lobbying expenditures, big freight companies have leveraged their financial power to win legislative objectives to increase their profits.
    [Show full text]
  • 2009 Annual Report
    The true character of a team is revealed by how it responds to challenge, and in 2009 the Con-way team responded with remarkable focus, strength and resilience as we navigated through the most severe economic downturn in our company’s history. The year saw proactive and decisive steps taken to reduce costs and conserve cash. At the same time, our team kept an eye on the horizon: investments were made to prudently maintain our fleets, new service offerings were developed, advancements were made in technology tools, and our networks became more efficient — all to position ourselves for the future. The economic reset had far- reaching effects in the freight and logistics markets. Our principal operating companies — Con-way Freight, Con-way Truckload and Menlo Worldwide Logistics — each responded with strategies to address the challenges while maintaining reliable, consistent service. Con-way Freight: The principal challenge for our less-than-truckload (LTL) company in 2009 was managing through a rapid, severe decline in business volumes driven by the recession. Pricing, already weakened in prior years by increased competition and industry capacity that grew beyond market demand, declined at an accelerated pace, which pressured margins. Con-way Freight responded with diligent cost management and an emphasis on performance improvement for customers, implementing programs to increase network density, velocity, ease of doing business and service reliability. Our LTL company also turned in a superior safety performance in 2009, achieving its lowest accident frequency rate since 2003 and its best-ever showing at the National Truck Driving Championships, in which 88 Con-way Freight state champion drivers competed, with veteran driver Dale Duncan capturing the 2009 Grand Champion title.
    [Show full text]
  • YRC Worldwide Annual Report 2020
    YRC Worldwide Annual Report 2020 Form 10-K (NASDAQ:YRCW) Published: March 11th, 2020 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-12255 YRC Worldwide Inc. (Exact name of registrant as specified in its charter) Delaware 48-0948788 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 10990 Roe Avenue, Overland Park, Kansas 66211 (Address of principal executive offices) (Zip Code) (913) 696-6100 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share YRCW The NASDAQ Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Transportation & Logistics Industry Update
    TRANSPORTATION & LOGISTICS INDUSTRY UPDATE │ FEBRUARY 2016 www.harriswilliams.com Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business. 0 TRANSPORTATION & LOGISTICS INDUSTRY UPDATE │ FEBRUARY 2016 WHAT WE’RE READING CONTENTS LOGISTICS | ADDRESSING FUTURE DEMAND LEVELS NOW . M&A TRANSACTIONS Increased variation in what buyers require at a given time means it is no longer . PUBLIC MARKETS OVERVIEW sufficient to rely on traditional baseline ordering patterns. Meeting demand on a . STOCK PRICE PERFORMANCE more consistent basis therefore requires complex stock management systems, building and maintaining key relationships throughout the supply chain and a . OUR GROUP review of the triggers that influence buying behavior. Recent years have seen a concerted focus on suppliers adopting more products lines – both in terms of volume and variation – in order to react quickly to the demands of buyers, which can often come at a moment’s notice. CONTACTS Supply Chain Digital UNITED STATES TRUCKING | LOGISTICS CHIEF EXPECTS TRUCKERS TO ADAPT TO NEW RULES Frank Mountcastle Logistics provider C.H. Robinson Worldwide Inc. says the trucking industry should Managing Director [email protected] absorb new federal safety regulations with relative ease despite sharp divisions +1 (804) 915-0124 among trucking companies over the rules. The requirement for electronic logging devices and restrictions on driving hours for truck drivers will raise costs for some Jason Bass smaller trucking companies, John Wiehoff, the company’s chief executive, said in Managing Director an earnings conference call with analysts on Wednesday.
    [Show full text]
  • Estimating Truck Fuel Consumption and Emissions in Maine: Page B -1 a Comparative Analysis for a 6-Axle, 100,000 Pound Vehicle Configuration
    MaineCover.indd 1 10/2/2009 10:57:29 PM ATRI BOARD OF DIRECTORS Mr. Douglas G. Duncan Mr. Ludvik F. Koci Mr. Douglas W. Stotlar Chairman of the ATRI Board President President & CEO President & CEO Penske Transportation Con-way Inc. FedEx Freight Components San Mateo, CA Memphis, TN Bloomfield Hills, MI Mr. Steve Williams Mr. Michael S. Card Mr. Chris Lofgren Chairman & CEO President President & CEO Maverick USA, Inc. Combined Transport, Inc. Schneider National, Inc. Little Rock, AR Central Point, OR Green Bay, WI Ms. Rebecca M. Brewster Mr. Edward Crowell Mr. Gregory L. Owen President & COO President & CEO Head Coach & CEO American Transportation Georgia Motor Trucking Association Ability/ Tri-Modal Transportation Research Institute Smyrna, GA Services Atlanta, GA Carson, CA Mr. Hugh H. Fugleberg Honorable Bill Graves President & COO Mr. Tim Solso President & CEO Great West Casualty Company Chairman & CEO American Trucking Associations South Sioux City, NE Cummins Inc. Arlington, VA Indianapolis, IN 2009-2010 RESEARCH ADVISORY COMMITTEE Mr. Don Osterberg Mr. Stephen A. Keppler Dr. Laurence R. Rilett, PhD RAC Chairman Commercial Vehicle Safety University of Nebraska-Lincoln Schneider National, Inc. Alliance Mr. Wellington (Rocky) F. Mr. Paul Baute Mr. Dick Landis Roemer, III Grammer Industries, Inc. HELP, Inc. Wellington F. Roemer Insurance, Inc. Mr. Philip L. Byrd, Sr. Ms. Trina Martynowicz Bulldog Hiway Express U.S. Environmental Protection Mr. Jim Runk Agency-Clean Energy and Climate Pennsylvania Motor Truck Mr. Michael Conyngham Change Office Association International Brotherhood of Teamsters Mr. Jeffrey J. McCaig Mr. Tom Weakley Mr. John Culp President & CEO Owner-Operator Independent Maverick USA, Inc.
    [Show full text]
  • Werner 2020 Annual Report
    2020 ANNUAL REPORT 2020 20 20 20 20 Operating revenues 22 20 2 2 200 * Net income 0 202 2 Diluted earnings per share* 2. 2. 2. 2.0 .0 Cash dividends declared per share** 0. 0. 0.2 0.2 Return on average stockholders equity* . .2 Operating ratio 0. 0. 0. .2 . Operating ratio Truckload Segent .0 . .2 . .0 Total assets 2 2 200 0 00 Total debt 200000 00000 2000 000 0000 Stockholders equity* 00 00 2 2 $994,787 Dollars in thousands except per share amounts * 20 includes the aorale ipact o the noncash reduction in deerred incoe tax expense o illion, or .2 per diluted share, in ourth uarter 20 due to the Tax uts and Jos Act o 20. ** 20 includes a . per share special diidend declared in ay 20. Total assets Operating revenues 2020 2,156,676 2020 22 2019 2,143,864 2019 20 2018 2,083,04 2018 2 2017 $1,807,991 2017 2 2016 $1,793,003 2016 200 Diluted earnings per share 2020 2.4 2019 2.3 2018 2.3 2017 $2.0 2016 $.09 Diersity, Euity and nclusion Drie Us ndustry Leader in Enironental Health and Saety pact At Werner, we support and encourage the diverse voices and perspectives of our associates, our customers and our suppliers. Diversity contributes Batteries to innovation and connects us to the many commu- tires nities we serve. We commit to embrace these values liquids as we move toward an increasingly inclusive culture where every associate feels empowered to bring their REDUCTION IN ACCIDENTS LIGHTING AT ALL FACILITIES whole self to Werner.
    [Show full text]
  • SUPPLY in Its Buildings
    ALASKA AIR CARGO alaskaair.com Alaska Air Cargo continues to find innovative ways to reduce the environmental impact of services, facilities, and equipment. Alaska Air Cargo’s environmental strategy encompasses four main areas: 75 GREEN reduce emissions from planes and equipment, waste from flights and other facilities, consumption of non- sustainable resources, and energy use SUPPLY in its buildings. CURRENT GREEN INITIATIVES ❱ Reduce greenhouse gas emissions ❱ Reuse/recycling program CHAIN ❱ Reduce energy usage NOTABLE ACHIEVEMENT PARTNERS The airline’s 2020 goal is to reduce mainline emissions 20 percent per revenue ton mile over 2009 levels. Inbound Logistics features its annual G75—a carefully curated list of 75 companies that go above and beyond to ensure their global supply chains are sustainable, and their operations are socially ARCBEST and environmentally friendly. These companies have spent years developing and implementing best practices to ensure the footprint arcb.com they leave on the world is a positive one. In 1976, ArcBest LTL carrier ABF Freight began limiting its trucks’ maximum speeds to conserve fuel and reduce emissions. The company’s new trucks 48FORTY SOLUTIONS have computerized engine shut- offs to reduce idling and minimize 48forty.com fuel consumption. The company 48forty uses recycled pallets to offer follows an equipment maintenance/ customers sustainable pallet solutions. replacement program, so the average The company repairs damaged pallets age of its linehaul tractors is rarely and sends them back into the pool. more than two years. 48forty disassembles battered pallets and salvages boards that can be used in CURRENT GREEN INITIATIVES other pallets. It even chips the unusable bits and uses them as landscape mulch ❱ Reduce energy usage or for biofuel.
    [Show full text]
  • 2021 Proxy Statement and the 2020 Annual Report to Stockholders Are Available on the Company’S Website At
    Inc March 16, 2021 Dear Stockholder: You are cordially invited to attend the Annual Meeting of Stockholders of PACCAR Inc, which will be held at the PACCAR Parts Distribution Center, located at 405 Houser Way North, Renton, Washington, at 10:30 a.m. on Tuesday, April 27, 2021. PACCAR may have its annual meeting virtually, similar to 2020, if required by state health mandates regarding COVID-19 restrictions. The principal business of the Annual Meeting is stated on the attached Notice of Annual Meeting of Stockholders. We will also provide an update on the Company’s activities. The Board of Directors recommends a vote FOR Item 1 and a vote AGAINST Item 2. Your VOTE is important. Whether or not you plan to attend the Annual Meeting, please vote your proxy either by mail, telephone or the internet. Sincerely, Mark C. Pigott Executive Chairman of the Board Inc Notice of Annual Meeting of Stockholders The Annual Meeting of Stockholders of PACCAR Inc will be held at 10:30 a.m. on Tuesday, April 27, 2021, at the PACCAR Parts Distribution Center, located at 405 Houser Way North, Renton, Washington, or, if required by state health mandates regarding COVID-19 restrictions, in a virtual-only format, for these purposes: 1. To elect as directors the eleven nominees named in the attached proxy statement to serve a one-year term ending in 2022. 2. To vote on a stockholder proposal regarding supermajority vote provisions if properly presented at the meeting. 3. To transact such other business as may properly come before the meeting.
    [Show full text]
  • 2020 Top 100 For-Hire Carriers Is an Annual Publication Produced by Transport Topics, with Assistance from SJ Consulting Group
    COVID-19 Pandemic Muddles Outlook For Top 100 For-Hire Carriers he COVID-19 pandemic has transformed 2020 into a chal- Indianapolis, had ranked No. 38 a year ago. lenging and unprecedented year for the trucking industry. Meanwhile, familiar names continue to dominate the top of the T Freight networks faced major disruptions as businesses tem- 2020 list of North America’s largest for-hire carriers. Parcel giant porarily closed and people stayed home to help contain the spread of UPS Inc. remains firmly entrenched at No. 1, followed closely by the virus, bringing much of the economy to a standstill. rival FedEx Corp. Schneider, meanwhile, cracked the top 5 by edging past YRC Worldwide and Knight-Swift Transportation Holdings. Further down the list, several other carriers made notable jumps. Day & Ross Transportation Group, based in Hartland, New Bruns- Seth Clevenger wick, climbed to No. 37, from No. 46 a year ago. The Canadian car- rier ex panded its dedicated operations in the United States through Managing Editor, Features its April 2019 acquisition of A&S Kinard and Buckler Transport. Refrigerated carrier John Christner Trucking also continued its ascent. The Sapulpa, Okla.-based company’s ranking increased this year to No. 83, from No. 89 a year ago and No. 99 in 2018. Another big mover was Challenger Group, based in Cambridge, This public health crisis has forced North America’s largest for-hire Ontario. The company rose to No. 84, from No. 95 last year, as rev- carriers to adjust their operations while implementing safety mea- enue increased 17.5%.
    [Show full text]
  • Third Quarter Ended September 30, 2020 Forward-Looking Statements
    Third Quarter Ended September 30, 2020 Forward-Looking Statements In the interest of providing shareholders and potential investors with information regarding TFI International, including management’s assessment of future plans and operations, certain statements in this presentation are forward-looking statements subject to risks, uncertainties and other important factors that could cause the Company’s actual performance to differ materially from those expressed in or implied by such statements. Such factors are further discussed under Risks and Uncertainties in the Company’s Annual Information Form and MD&A, but readers are cautioned that the list of factors that may affect future growth, results and performance is not exhaustive, and undue reliance should not be placed on forward- looking statements. The expectations conveyed by the forward-looking statements are based on information available to it on the date such statements were made, and there can be no assurance that such expectations will prove to be correct. All subsequent forward-looking statements, whether written or orally attributable to the Company or persons acting on its behalf, are expressly qualified in their entirety by these cautionary statements. Unless otherwise required by applicable securities laws, the Company expressly disclaims any intention, and assumes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 2 TFI International: Who We Are Diversified: Full service: Package & Courier,
    [Show full text]
  • G75 2011: Inbound Logistics Green Supply Chain Partners
    From 3PLs to air cargo carriers, ports to truckers, 75 Green Inbound Logistics gives the green light to supply chain visionaries who every day Supply Chain demonstrate their commitment to sustainability. Partners June 2011 • Inbound Logistics 1 3PLs INBOUND LOGISTICS’ 75 GREEN SUPPLY CHAIN PARTNERS AEP River Operations Agility AEP River Operations began its SEE GREEN Global 3PL Agility has demonstrated its commitment to sustainability by releasing its first corporate recycling project in 2008. Since then, it has social responsibility (CSR) report, which reviews its CSR commitments to date, and highlights progress recycled more than two barge loads of products and priorities for the future. Agility has developed and employed a number of tools to help shippers from its boats. All AEP River Operations determine how to measure and reduce their supply chain operations’ environmental impact, and has towboats – from West Virginia to New Orleans – established a global program to improve employee awareness about the environment. In addition, are currently participating in recycling all, or a Agility is a strategic partner of the World Economic Forum, where it participates in various environment- portion, of their onboard waste. Going one step related working groups. further, AEP has also recycled 70,000 pounds of vessel mooring lines, which would have packed landfills or endangered boats by getting tangled in their propellers. Reduced-emissions tractors | Aspen Logistics Aspen Logistics Aspen reduced power and pollutant gases by retrofitting all its facilities with high- efficiency fluorescent lighting, and received an Environmental Stewardship Award for this project. The company also conducts routine refrigeration systems maintenance to prohibit the release of CFC into the atmosphere.
    [Show full text]
  • View This Page In
    ITEM 1. BUSINESS – continued Competition, Pricing, and Industry Factors ABF Freight competes with nonunion and union LTL carriers, including YRC Freight and YRC Regional Transportation (reporting segments of YRC Worldwide Inc.), FedEx Freight, Inc., UPS Freight (a business unit of United Parcel Service, Inc.), Con‑ way Freight(abusinessunitofCon‑ wayInc.),OldDominionFreightLine, Inc.,Saia, Inc.,andRoadrunnerTransportationSystems, Inc. ABF Freight actively competes for freight business with other national, regional, and local motor carriers and, to a lesser extent, with private carriage, domestic and international freight forwarders, railroads, and airlines. Competition is based primarily on price, service, and availability of flexible shipping options to customers. ABF Freight seeks to offer value through identifying specific customer needs and providing operational flexibility in order to respond with customized solutions. ABF Freight’s careful cargo handling and use of technology, both internally to manage its business processes and externally to provide shipment visibility to its customers, are examples of how ABF Freight adds value to its services. Competition for freight revenue during the recent recessionary periods of lower available tonnage, particularly in 2010 and 2009, resulted in price reductions throughout the industry. Pricing on the Company’s traditional LTL business was adversely impacted during this time in which ABF Freight was not able to adequately secure base LTL price increases. The Company’s LTL motor carrier subsidiaries continue to offer individually negotiated pricing programs. Approximately 35% of ABF Freight’s business is subject to ABF Freight’s base LTL tariffs, which are affected by general rate increases, combined with individually negotiated discounts. Rates on the other 65% of ABF Freight’s business, including business priced in the spot market, are subject to individual pricing arrangements that are negotiated at various times throughout the year.
    [Show full text]