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.
On Wednesday, December 14, 2011, the Office of Administrative Law
approved amendments to the Truck and Bus Regulation. The
amendments are effective immediately, with the first compliance
date being January 1, 2012. By that date, fleets with vehicles
having a gross vehicle weight rating (GVWR) greater than 26,000
pounds must do either of the following:
- Retrofit 1996-1999 model year engines with Air Resources Board
(ARB) verified particulate matter (PM) filters, OR
- Have 30 percent of the heavier vehicles in the fleet equipped
with a PM filter (either a retrofitted verified PM filter or an
original equipment PM filter installed on a 2007 or later
There are no PM filter requirements for trucks with a GVWR of
between 14,000 and 26,001 pounds, or for small fleets (1 to 3
Be advised that truck owners must report to ARB by January 31,
2012 to take advantage of the PM filter phase-in option or other
flexibility provisions in the regulation. Small fleets (1 to 3
trucks) with a GVWR greater than 14,000 pounds must also report
to delay compliance for their heavier trucks until January 1,
2014. The online reporting system and user guide are available
In order to avoid potential enforcement action by ARB, fleets
that have not met the PM filter requirements by January 1, 2012
are strongly advised to make every effort to bring the fleet into
compliance as soon as possible.
On December 11, 2008, the Board approved for adoption the Truck
and Bus regulation to control emissions from nearly all existing
diesel powered heavy-duty trucks and buses operating in
California. The regulation became effective under California law
on January 8, 2010. The regulation applies to diesel fueled
trucks and buses with a GVWR greater than 14,000 pounds that are
owned by private persons, including businesses, and by the
federal government. The regulation also applies to publicly and
privately owned school buses. Local and state government owned
diesel fueled trucks and non-school buses are already subject to
other ARB regulations. Reducing emissions from in-use trucks and
buses is necessary to meet federally imposed clean air standards
and to reduce the adverse health effects from truck and bus
On December 17, 2010, the staff recommended amendments to the
regulation that were subsequently adopted by the Board on
September 19, 2011 and approved by the Office of Administrative
Law on December 14, 2011. The amended Truck and Bus Regulation
delays the initial requirement to phase-in installation of PM
filters by one year to January 1, 2012 and extends the time
before a vehicle equipped with a PM filter would have to have an
engine that meets 2010 model year emission standards. The
amendments also defer initial engine replacements for older
vehicles without PM filters for two years until January 1, 2015
at the earliest. Prior to 2020, replacements are limited only to
20 year old or older trucks that are not equipped with PM
filters. By January 1, 2023, most vehicles will need to be
equipped with an engine meeting 2010 model year emission
The Trucker Charity Christmas Group has been successful in its effort by providing 49 families over $30,000 in their 3 year run. They have spawned a full-time organization dedicated to helping truckers in need. OOIDA Life Member Lance Wood of Summerfield, IL, is a member of the Christmas group. He now heads Trucker Charity, Inc., a 501(c)(3) that helps truckers in need year round by; "Getting them fed, getting them safe and getting them home". Just last month they were able to get 5 drivers home from being stranded on the road under various circumstances, some referred to them by OOIDA.
They raise funds by selling items on the Trucker Charity Christmas Group Fundraising website and via donations. Nominations for needy trucking families will be accepted through Saturday, Dec. 19th.
On Dec 19th, a panel of volunteers, including OOIDA Member Kerry Mullins of West Lafayette In, and OOIDA Life Member Ralph Acocella of Hickory, NC, will review applications start the selection process which is done by a secret vote and based on a point system for an unbiased treatment of the families.
Mullins is the secretary of Trucker Charity and has been involved in the last 2 fund drives. He is hopeful this will be the best year yet but they need the help from fellow trucker’s to make it happen. This is Acocella’s 2nd on the panel, and he is looking forward to helping his fellow drivers with some Christmas joy. Trucker’s helping Trucker’s, that’s what it’s all about with these professionals.
Trucker Charity Inc is a 501(c)(3) charity with it’s main office located in Summerfield Ill.
I sit sometimes and wonder how America can survive. The Government seems bent on destroying the country.
The full power of the executive branch is focused on pretending to care for the American worker while behind the scenes those who wield the power in pretense of saving American jobs, make even more jobs vanish in search of cheaper labor or evasion of the very onerous regulations they promote to “save the planet from AGW”.
Then I encounter one of the “little things” that bring hope that some American businesses are beginning to understand that “BUY AMERICAN” is not only possible, but a necessary stance American businesses and consumers have got to put in practice if we want to save our own ability to work and spend money.
I took a shower at the TCA South Jacksonville, Florida. Instead of the usual MADE IN INDIA soap the TCA chain usually offers in their showers, I found this beautiful bar of soap!
Thank you to whoever decided to buy soap made in America instead, I hope to see these more often until they are everywhere. It is one of the little things that can begin to turn this economy back from the brink of collapse.
Our beginnings were as many organizations the actions of individuals. Some driver would become needy, and among the ATN Fans drivers would talk together and pool resources to help that driver.
In small groups we shared concerns, and we shared some efforts. Many of us did what we did quietly through friends in the belief that the recipient should not know where the aid was coming from. “Thank You” was not something most of us wanted to hear. Some of the recipients later became benefactors to others because, among the ATN Fans as among the trucking community in general, the belief in “pay me forward” rather than “pay me back” is strong. Some people did “pay back” when they were helped, those funds always seemed to find a new need to be applied to.
Over time it was only natural that small groups started discussing formalizing an organization to continue this effort. The shock we all experienced when one of the hosts of the radio show our group seemed to revolve around experienced the crushing loss in his personal life that our efforts could not ameliorate, gave some of us the spark that galvanized us into action at last.
Jacob Boulanger and his father Eric ( Bubba Bo) and Steven Sommers and his father Steve are for many of the ATN listeners an extended family. It seemed only fitting that we should guarantee that our trucking community efforts should reflect our acknowledgment of that relationship. Steven we agree to uplift in all his endeavors, and as a group we rejoice in his accomplishments. Jacob however we will with our own efforts try to honor because his life was cut short.
This memorial fund is the continuation of our community building that for most of us began with our participation in, and enjoyment of, the ATN show. Our hope is to also spread the community beyond the ATN audience to the entire trucking community. It is after all the entire trucking community we belong to that shares the beliefs that we put into practice here. Our roots as an organization are after all only the place to gain nourishment for the living plant we are bringing to life here. A fund by truckers for use helping truckers.