The Company: General Maritime Corporation, operator of one of the largest mid-sized, double-hull crude oil tanker fleets in the world. The Document: A presentation at the Merrill Lynch Transportation Conference The Finding: Chief Financial Officer Jeffrey Pribor provided an update on the company's business strategy, emphasizing...
Shipping oil around the world in fleets of tankers is big business right now. Who knew? It isn’t all smooth sailing, but Frontline is still hauling in the cash.
An ancient auto industry joke, probably dating back to the dawn of industrial time, has it that a car company "loses money on every car, but makes it up on volume." The joke is, that's impossible. Obviously, if you lose money on every car, the more you sell, the more...
The Estonian trawl fishery has been operating under an individual transferable quota ITQ system since 2001 when auctioning a part of the quota was also first implemented. This study analyzes the effect of quota auctions on the structure of the fleet and the performance of the system in managing excessive...
Vehicle fleets are a poorly understood part of the economy. They are important, though, in that they purchase a large share of light-duty vehicles, and are often targeted by governments as agents of change. This paper investigates fleet purchase behavior, using focus groups, interviews, and mail and telephone surveys. It...
This white paper reviews the trends and issues facing the transportation industry. The main areas of focus are private fleets, public fleets, public transit and rail. Strategic Asset Management SAM moves away from the current disparate applications, enabling organizations to maximize the performance of critical capital assets that have a...
Motor vehicle collisions cost the U.S. more than $230 billion each year. For fleets, the insured costs include worker's compensation, automobile physical damage, automobile liability, short-term disability, long-term disability, group medical and uninsured motorist coverage. Uninsured costs associated with crashes usually exceed the losses that are reimbursed by insurance. These...
This report provides details about various strategies and measures that the state can potentially use to reduce petroleum consumption in its on-road fleet of nearly 73,000 vehicles. This report describes policy changes and enhancements that can save fuel by; reducing "vehicle miles traveled" VMT within the state fleet, increasing the...
The paper describes a technique whereby high payoff technologies can be identified across multiple platforms to quantitatively justify resource allocation decisions and investment opportunities. A proof of concept investigation was performed on a fleet of subsonic, commercial aircraft. A solid business case is highly dependent upon a strategic technology research...
Clark County's C-Tran transit agency is now running 10 percent of its bus fleet on hybrid engines. The agency, which provides bus service to the entire county, has introduced 12 new buses that will burn 25 percent less diesel than the average C-Tran bus. The new buses...
Effective Control Transport, Inc.(PINKSHEETS: EFFC) ( www.econtroltransport.com ), asoftware company which specializes in technology that monitors an operatorsvigilance and awareness, announced today that they will immediately begininstalling and integrating the CRAM technology with Group Robert's fleetandfleet management infrastructure. With over 60 years experience, GroupRobert is a Canadian trucking industry...
The Maryland Transit Administration will only buy new buses that are run by hybrid diesel/electric engines, as Gov. Martin O'Malley announced Tuesday that the state will eschew traditional diesel- powered vehicles for more expensive models that are cheaper to run and maintain. The MTA has 10 hybrid...
HUNTSVILLE, Ala. -- Westar Aerospace & Defense Group, Inc., part of the Systems Engineering Group of QinetiQ North America, has been awarded a task order by the U.S. Army Aviation & Missile Command's PEO Program Executive Office Aviation Headquarters to provide technical support to the Army's fleet of more than...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/2fb1b8/snapshots_germany) has announced the addition of the "Snapshots Germany Short-Term Car Rental 2008" report to their offering. Snapdatas Snapshots Germany Short-Term Car Rental 2008 provides 2007 year-end market size data, with 2008 estimates, 5 years of historical data and five-year forecasts. The...
KEY WEST, Fla. AP -- Key West's hot-pink taxis are going green. Five Sixes Taxi has acquired 10 environmentally friendly hybrid vehicles as the first step to convert its entire fleet. Company officials project the new fuel-efficient vehicles, that are still painted pink, will...
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD TIMCO Aviation Services, a maintenance, repair and overhaul MRO company, has announced that it has been awarded a contract by Russian domestic carrier, Rossiya Russian Airlines. The company will be providing Rossiya's fleet of Airbus A320 aircraft with interior reconfiguration...
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD Nigerian airline Arik Air has signed a contract with aircraft maker Boeing Co (NYSE: BA) for seven Next-Generation 737-800s. The airline previously ordered 10 Next-Generation 737s in September 2007. It currently has a fleet of 18 aircraft, which...
ST. LOUIS -- LaBarge, Inc. (AMEX:LB) has been awarded a $1.7 million contract from Sikorsky Aircraft Corp. to continue to provide printed circuit card assemblies for various models of UH-60 BLACK HAWK helicopters. Sikorsky is a subsidiary of United Technologies Corp. (NYSE:UTX). Designed and manufactured by Sikorsky, the...
FAIRFIELD, Calif. -- Copart, Inc. (NASDAQ:CPRT), a leading online vehicle remarketing company, filed an antitrust lawsuit yesterday alleging that Auto Auction Services Corporation AASC is restraining competition and stifling innovation by denying Copart access to an essential electronic network called AutoIMS. AutoIMS is an electronic vehicle inventory management...
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD BAE Systems Regional Aircraft has signed a contract with Brussels Airlines, based in Belgium, for the sale and leaseback of three Avro RJs. The three aircraft are expected to be acquired during 2009 and will be immediately leased back to...
