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E-Transport Newsletter |
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Winter, 2005 |
Volume 2, Number 1 |
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Greetings from Chairman, Tawn Downs!
Happy New Year!!
As we ring in a new year, it
is an opportunity once again to reflect on the year behind us. A stronger
economy drove increased revenues and improved profitability for most of us in
the transportation industry. In general, it was a very good year.
Likewise, as a Transportation Revenue Management Group, we had a very good
year as well. We welcomed several new members to our group -
What’s next? I would like to see us explore the value of expanding our membership to include other modes of transportation. To that end, invitations have been extended to individuals within air cargo, rail and ocean transportation groups to attend our next meeting. We need to determine what synergies exist through the inclusion of these groups. What value do they bring to the table, and what value do we bring to them?
Further, our organization has developed to the point where we need to initiate a formalized marketing and public relations program. We need to seek out opportunities to promote the TRMG in publications that are relevant to our members – Credit and Collections magazine, Transport Topics, etc. By submitting articles about our meetings, requesting inclusion in industry meeting calendars and extending meeting invitations to industry publication journalists, we can significantly increase the awareness about our group and the value it brings to credit and collections professionals in the transportation industry.
In the remaining few months as your Chairman, I will focus on these two areas of development. If you have ideas and suggestions relating to these, or have other areas of interest or concern, please contact me directly to discuss. As always, I welcome your feedback as we seek to make the TRMG a more valuable resource for you and your company.
Once again, I am grateful for the leadership and support of my board, and acknowledge that the growth and development of our organization could not have happened without them. I am grateful, too, for the expertise and support of our NACM sponsor, for they have also contributed to our continued success.
In closing, I extend to each of you a wish for a very prosperous new year.
Sincerely,
Tawn M. Downs Chairman Transportation Revenue Management Group
◊◊◊◊◊◊◊◊◊◊◊◊◊ Transportation Revenue Management Group Phone: Fax: nacm@nacmsouthtexas.org We’re on the Web! www.nacmsouthtexas.org Editor:
©NACM Houston, 2004 |
Spring Conference Just Around the Corner! Make your reservations We hope you are making plans to attend the Spring
Transportation Revenue Management Group Meeting in The Agenda, full of topics YOU told us you wanted to be covered, is now on the TRM website below…click through to review…and register today! Mark your calendar now and keep watching your email! The agenda and registration instructions are now up on the NMCRMG website at http://www.nacmsouthtexas.org/natmotorcarriers.htm
Welcome New Members! Dayton Freight Lines, Fedex
East, The Suddath Companies, Clipper Group and Xpress Global Systems, as well as new members from News from Transportation Revenue Management Group BENCHMARKING SURVEY WILL OPEN SOON! We are excited to announce that The Benchmarking Survey
will be open soon, for the third submission round. Your
participation is very important, so please take time to complete and return
it. The results will be compiled and published at the meeting
in News from the Credit World
NACM
CREDIT MANAGER'S INDEX ( NACM's Credit Manager's
Index ( Economic growth continues despite slowing trend
The index of favorable factors continued its steady decline in 2005, with the manufacturing sector index leading the way with significant declines in three of the four factors. Only new credit applications showed a slight increase of 70 basis points. The service sector also experienced a decline with decreases among all its favorable factors. However, with the exception of sales, all favorable factors remained consistent with January 2004 levels.
Unfavorable factors fluctuated very little in 2004 and continued that pattern in January 2005, with the service sector showing a slight improvement of 140 basis points. While in the manufacturing sector, a weakening of 270 basis points is realized due to an increase in accounts placed for collections.
The
The Favorable factors include sales, new credit applications, dollar collections and amount of credit extended. Unfavorable factors include rejections of credit applications, accounts placed for collections, dollar amounts of receivables beyond terms and filings for bankruptcies.
A complete index including results from the manufacturing and service sectors, along with the methodology, is attached. To view the complete index online, go to http://www.nacm.org/resource/press_release/pressJan05.html.
Here’s a Great Web Source! Around the Web in 80 Ways! Dennis Gaulin has compiled a quick, 14-page “cheat sheet” of the latest tips, tricks and techniques for researching private and public company information using the internet. Crisp, clean and highly practical, you’ll want to print this great document and keep it around for help with credit applications….and finding those slow pays! Go to Dennis’ website and click the link on the left. Do You Know About YOUR Are you flying to the Under the According to Edward Hasbrouck, author of The Practical
Nomad (Avalon), Hotel or car rental information also would be included if
those reservations were made along with the flight. The number of bags
you check, as well as the weight of those bags, is recorded in the Meetings & Conventions Magazine, February 2005 2003-2004 Group Leadership Thanks for all your work! 2003-2004
Chairman:
Tawn Downs, Yellow Transportation Steering
Committee Members: Diana Stelter, Pitt
Ohio Express |
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