The Ahern Blog » Transportation


Posts Tagged ‘Transportation’

IANA to offer pair of webinars…..

Tuesday, September 20th, 2011

The Intermodal Association of North America has scheduled 2 September webinars in its “Stay Informed” series. One will examine multimodal supply chain options and the other will look at the US environmental protection agencies, Smartway drayage program.

 

The first of the webinars is slated for Wednesday, September 22, 2011 at 2:00pm EST. The second webinar is scheduled for Wednesday, September 28, 2011 at 2:00pm EST.

 

To register for the Smartway webinar; you may register athttps://www1gotomeeting.com/register/143781200.

 

Worried about the economy—– You should be!

Thursday, September 15th, 2011

S & P downgrading of US credit rating to double AA+, has put continual strain on Wall Street and it has caused a rippling affect throughout the economy. Many business leaders indicate that the impact of the economic uncertainty on the fragile consumers psyche has had an immediate and negative impact to the economy. The fear of 2008 is still far too fresh in the mind and at the end of the day economic growth comes from having confidence.

Unfortunately, the housing market is burdened with short sales, default properties, more short sales and excess inventory. That coupled with fact with the Federal  Government is broke and they want to “Tax! Tax! Tax! Tax! Tax! Tax! Tax!” People that do not have jobs, that’s what I said… people that do not have jobs! … Is causing anxiety throughout the US.

In Europe, the debt menace is growing. There is a legitimate anxiety about bank write downs, which will continue to rattle stock markets, and more bailouts will fuel “Anti-Euro” sentiment.

In light of the tremendous government deficit don’t be surprised if there is a “blink” in the system and some tax revenue risers will ascend shortly. To save $1.5 trillion in the next 2 years taxes and the Consumer can’t be spared. Without taxes on the table, the 12 panel member charged with identifying cuts won’t strike a deal. The bottom line is taxes are going up.

The sad thing is that if the government was run like a business these problems wouldn’t have occurred; but since you can print money any time you want, the inevitable happens; chaos, poor management and ultimately the consumer pays.

That’s politics!        

Transportation to increase…..

Wednesday, September 7th, 2011

Transportation is set to increase over the next several years

Transport Topics recently published, in their business and finance section on August 8th, 2011 about consolidation in the trucking industry. On page #13, they quoted Andy Ahern, CEO of Trucking and Transportation Management Consulting Company Ahern and Associates LTD, indicating that;

1.       The number of mergers and acquisitions in trucking is up from 2010.

2.       Smaller carriers are having a hard time surviving the economic turmoil, and;

3.       Since 60% of fleets are 1-99 trucks this segment is finding reluctance for banks to lend them money for expansion and operating capital.

Federal Appeals Court on Friday, August 26 vacated the federal motor carrier safety administrations Electronic On board Recorder Regulation for not addressing how the world could prevent the device from being used to harass drivers.  A 3 judge panel for the US court of Appeals for the 7th circuit concluded that “the ruling cannot stand because the agency failed to consider an issue that is/was statutorily required to address.”

The Safety and Regulatory Reform Act of 1988, requires the agency to ensure that any such devices are not used to “harass vehicle operators”.

Navastar Sales and Marketing Vice President, James Hebe said that the industry needs to adapt to the changes in the economy. “The conditions since 2006 have changed our industry forever”.  Hebe told trucking executives gathered for the Commercial Vehicle Outlook conference, prior to the start of the Great American Trucking show in Dallas. “The next 10yrs will change the industry faster than any time in the history of heavy duty trucking”

Challenges the industry must respond to include; carrier consolidation, longer running trucks, decrease on demand for class “A” trucks, increase production of medium duty trucks, increase intermodal freight, the rise of engines powered by natural gas and diesel and more regulation on diesel emissions.

Owner/operators will take more competition from technology.

Acquisition Client #20

Wednesday, March 16th, 2011

Large transportation company, well recognized in the industry, is looking to acquire a $75MM - $200MM refrigerated carrier. Company must be profitable and key management must be willing to stay. Client is currently not in the refrigerated carrier business.

Acquisition Client #12

Friday, September 17th, 2010

Client 12: Large transportation/logistics company based in the Southwest. Company would like to acquire a dedicated freight contract carrier with 3-5 year dedicated contracts in place. Client would also consider a large logistics company or freight brokerage. Annual revenue requirements for potential acquisition are between $50MM to $200MM. Buyer is prepared to offer 4 to 4.5X EBITDA for an asset based company or 4 to 6X EBITDA for a non-asset based company. Financing is in place, buyer would like to complete transaction by year’s end.

Transportation Analyst, Andy Ahern Breaks Tradition for St. Mary’s Food Bank; Calls on Trucking Industry for Summer Food Drive

Monday, June 14th, 2010

Phoenix, AZ—June 11, 2010 Recognizing a need and finding a solution is not only the way Andy Ahern, CEO of Ahern & Associates, helps his clients; it’s also a way of life. Today, that need comes in the form of depleting food supplies for the homeless and families with children living at or under poverty levels.

Based upon that need, Ahern has decided to once again call upon his colleagues throughout the transportation industry in organizing a summer food drive to aid St. Mary’s Food Bank Alliance, the nation’s first food bank and the people who depend on their services.

Over the last several years, Ahern’s commitment to fighting hunger has raised over $1,000,000 in food for St. Mary’s Food Bank through the generous contributions of companies like Paschal Truck Lines, North American Transport, LLC, PGT Trucking, American Transport, Inc., Lawrence Leasing, Inc. and the law firm of Benesch, Friedlander, among others.

Under normal economic conditions, St. Mary’s Food Bank Alliance would likely be in a position to continue their efforts of feeding those in need throughout the summer as a result of holiday season donations. However, the economy has not rebounded as expected and unemployment is at record levels—not only does that have a major effect on charitable contributions, it also provides for a larger pool of needy food recipients.

In addition, the rate of children living in poverty this year will climb to nearly 22%–the highest level in 20 years. Compounding that issue is the reality that children living in homes without a secure source of food has risen from 17% in 2007 to nearly 18% in 2010, or a staggering increase of 750,000 children.

For over 10 years Ahern has supported the efforts of St. Mary’s Food Bank based upon their stellar track record of efficiency and philanthropy; consider the facts:
• Every $1.00 collected by St. Mary’s purchases $7.00 worth of food.
• .96 cents out of every dollar goes back into the community.
• 90% of all funds collected go to feed families with small children and the elderly.

Although the transportation industry as a whole was among the hardest hit from this last recession, Ahern is confident that his supporters throughout the trucking industry will once again heed the call.

“Our friends in the trucking and logistics industries have been steadfast in their support of St. Mary’s every year and even though I’m calling upon their support outside of the holiday season, I’m confident that they’ll continue to show their generosity,” explains Ahern.

Terry Shannon, CEO of St. Mary’s Food Bank Alliance comments on Ahern’s efforts: “Today’s ongoing economic challenges continue to create unprecedented demand for St Mary’s Food Bank’s emergency food distribution programs. Only through the support of folks like Andy Ahern who are willing to not only personally support our mission but also open up his network of business connections are we able to serve the growing need. We truly appreciate his commitment to feeding the hungry in our community.”

Those who wish to further Ahern’s cause and make a direct contribution can send donations to the following address:
St. Mary’s Food Bank
C/o Ahern & Associates, Ltd
2198 E. Camelback Rd. Suite 210
Phoenix, AZ 85016

About St. Mary’s Food Bank Alliance:

St. Mary’s Food Bank Alliance, the world’s first food bank, is a non-sectarian, nonprofit organization that alleviates hunger by efficiently gathering and distributing food to 534 agencies that serve the hungry. Serving 13 of Arizona’s 15 counties, the organization is a member of Feeding America, the national network of food banks, and is committed to volunteerism, building community relationships, and improving the quality of life for Arizonans in need. Last year, the Food Bank distributed more than 67 million pounds of food to families and individuals, provided enough food for 300,000 meals every day, and garnered more than 370,000 volunteer service hours. Web site: http://www.FirstFoodBank.org Phone: 602-242-FOOD.

About Ahern & Associates, Ltd.:
Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit http://www.Ahern-Ltd.com

###

Business contact:
A.W. Ahern
602-242-1030

Media contact:
Jason W. Jantzen
Phoenix Marketing Associates
602-282-0202

Ahern & Associates and Benesch, Friedlander Announce Panelists for Upcoming Trucking & Logistics Conference on Mergers, Acquisitions and State of Capital Markets

Wednesday, May 5th, 2010

Expert panelists and keynote speakers announced for complimentary trucking and logistics conference to be held on May 25, 2010 at the Ritz Carlton, Phoenix; speakers to provide information on mergers, acquisitions, recapitalization, restructuring and profitability within the transportation industry.

Phoenix, AZ—Trucking and logistics acquisition specialists, Ahern & Associates, Ltd. and Benesch, Attorneys at Law, co-organizers of the approaching trucking and logistics conference on May 25, 2010 in Phoenix have announced the names of the accomplished panelists who will be addressing attendees.

Keynote speakers to include:

  • Andy Ahern, CEO of Ahern & Associates, Ltd.
  • James M. Hill, Executive Chairman, Benesch

Expert panelists in attendance in conjunction with the topics scheduled for discussion:

The State of Capital Markets in Transportation

  • Mike Iannelli, Managing Director, Lincoln Transportation
  • Andy Wilkins, Partner, Atlantic Street Capital

Independent Contractors: Is the Rumor of the Demise of the IC Model Greatly Exaggerated or Real?

  • Rich Plewacki, Partner, Benesh
  • Lane Kidd, President, Arkansas Trucking Association
  • DW Speer, Director and Owner, PeopLease Corporation

Distressing Companies: Weathering the Storm, Maximizing Exit Strategies and Finding Bargains

  • William Schonberg, Partner, Benesch
  • Bob Weaver, past President & CEO of P.A.M. Transportation Services
  • Dick Metzler, Chief Information Officer, Greatwide Logistics Services

A Diamond in the Rough: Beautifying Your Company for Sale

  • Eric Zalud, Partner/Chair of Transportation & Logistics Group, Benesch
  • Marc Blubaugh, Partner, Benesch
  • Mark Brockinton, Executive Director, AON Truck Group
  • Jonathan Ives, Director, Cobblestone Harris Williams

Additionally, Benesch and Ahern will be discussing their upcoming forecast for freight demand for the balance of 2010 and 2011.

Those who wish to RSVP for the conference are urged to contact:

Claudia Balderas

Manager/Executive Assistant

Ahern & Associates, Ltd.

(602) 242-1030

Email: Claudia@ahern-ltd.com

Megan Thomas

Client Services Manager

Benesch, Friedlander

(216) 363-4639

Email: Mthomas@beneschlaw.com

Rooms at the Ritz Carlton, Phoenix have been reserved at a special rate for this outstanding event and can be reserved by calling 602-468-0700 and referencing the Benesh/Ahern Conference.

About Benesh:

Benesch’s Transportation and Logistics Group was specifically created to address the needs of users and providers of logistics services. Benesch lawyers are uniquely qualified to represent companies nationally and internationally that are either sponsored or owned by private equity firms. Attorneys leading these efforts are James M. Hill, Executive Chairman of Benesch (jhill@beneschlaw.com or 216.363.4444), Eric L. Zalud, Partner and Chair of the firm’s Transportation & Logistics and Litigation Practice Groups (ezalud@beneschlaw.comor 216.363.4178) and Marc S. Blubaugh, Partner in Benesch’s Transportation & Logistics and Litigation Practice Groups (mblubaugh@beneschlaw.com or 614.223.9382). For more information please call Megan Thomas at 216-363-4639 or visit http://www.BeneschLaw.com

About Ahern & Associates, Ltd.:

Ahern and Associates is North America’s leading trucking and transportation management consulting firm. The skilled consultants at Ahern and Associates specialize in mergers and acquisitions of trucking and logistics companies as well as the restructuring and evaluation of existing carriers that seek to increase operating efficiency and improve profitability. Since 1987, Ahern and Associates has aided hundreds of buyers in the acquisition of trucking and logistics companies throughout the U.S. and Canada as well as assisting many transportation and logistics companies in reducing their overall operating costs and increasing their profitability. For more information, please call 602-242-1030 or visit http://www.Ahern-Ltd.com

.

XXX

Business contact at Ahern & Associates:

Andy Ahern

602-242-1030

Business contact at Benesch, Friedlander:

James M. Hill

216-363-4500

Media contact:

Jason W. Jantzen

Red Spot Marketing

602-282-0202