Archive for February, 2012
July 14, 1957-January 17, 2012
When a driver leaves this world, many people are left behind. When James (Rick) Lawhun began his ultimate journey January 17, 2012, he left behind his loving wife of 20 years and family. Taken unexpectedly, Rick left a lasting impression on many people and his wife, Teresa, remembers him and is reaching out to a family that took Rick as one of their own…a family a truckers.
Teresa wrote “Like so many of the last of the Highway Cowboys or White Knights, He was a different breed, A professional always when it came to his driving…courteous, helpful safe”. She remembers him as a professional, safe and helpful driver who not only used common sense but a sense of humor to do his job and help others. “He was the only man I knew that could talk his way out of a ticket. After he made a u-turn with a set of doubles in front of a cop. convincing the officer that he didn’t see what he thought he seen. “
His wife also remembers him as a practical joker and always looking to make you laugh and smile no matter how bad it really was. “He had no problem being brutally honest. Then convince you he was right. If you called him for comforting word. He would say “I may not have the right words for you, but I can help you cry”. By the end of the conversation he would have you laughing.”
Teresa is reaching out to Rick’s “other” family, a family close knit and always reaching out to help. When Rick passed away, finances were available to lay him to rest but there was not enough to pass a marker for his final resting place. Teresa has asked for drivers to help in this. Whether it be a dime or a dollar, every little bit helps. The family is asking is for assistance in paying for a marker. Donations can be made through www.jrbmfund.org and placing Rick’s name or “monument” in the comment section. The Jacob Russell Boulanger Memorial Fund for Truckers Inc. will be doing a pass through to the the Houpt Monument Co of Marion, OH. Funds will be collected by the organization and passed through to the monument company for Rick’s final marker.
JRBM fund is a registered 501(c)3 charitable organization with the purpose of providing a hand up, not a hand out; truckers helping truckers.
Right click and print this picture and take it with you to Applebee’s if you are dining anywhere in the Louisville area on Wednesday or Thursday while visiting the Mid-America Truck Show. If you give a copy of this flyer to your waitress when you order a percentage of your check will be donated to the JRB Memorial Fund.
Forward Air (NASDAQ: FWRD) was downgraded by investment analysts at BB&T (NYSE: BBT) from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
Separately, analysts at SunTrust (NYSE: STI) downgraded shares of Forward Air from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 24th. Analysts at Zacks Investment Research downgraded shares of Forward Air from an “outperform” rating to a “neutral” rating in a research note to investors on Saturday, January 21st. Also, analysts at Stephens initiated coverage on shares of Forward Air in a research note to investors on Thursday, January 5th. They set an “overweight” rating on the stock.
USA Truck Inc. of Van Buren on Monday announced a net loss of $4.4 million, or 42 cents per share, for the quarter ended Dec. 31, 2011, compared with a net loss of $1.8 million, or 17 cents per share, for fourth-quarter 2010.
The company blamed the loss on a lack of progress on volume and pricing.
USA Truck (Nasdaq: USAK) reported an increase in fourth-quarter net revenue, to $126.2 million compared with $122.1 million in fourth-quarter 2010.
For the year, total revenue rose to $519.4 million compared with $460.1 million in 2010, but the company posted a net loss of $10.8 million last year compared with a net loss of $3.3 million in 2010.
Cliff Beckham, president and CEO, called the financial results disappointing.
The Motley Fool picks C H Robinson
A lug nut up on the competition
I haven’t exactly been the biggest proponent of the trucking industry over the past couple of months, opting instead to throw my support in transportation behind the rails and global delivery companies like FedEx and UPS. But there are a few companies within the trucking sector that even I would never dare bet against. C.H. Robinson Worldwide (Nasdaq: CHRW ) is one such company.
C.H. Robinson, which relies on trucking for nearly 80% of its revenue, crumbled under the pressure of shrinking margins and rising fuel costs last week following its fourth-quarter earnings results. Despite the nominal miss ($0.67 profit vs. $0.68 estimate), I see this dip as a call to buy, not a reason to run in the other direction. Revenue still grew by double digits — the fifth consecutive year-over-year double-digit increase. Considering that fuel prices have been on a (more or less) steady incline since 2002 and C.H. Robinson’s stock price has matched that growth, I’m not too concerned about its response to rising fuel costs. I’d consider saddling up this trailer for your portfolio.