3 Steps Help Prevent Stretch Wrap Failure 3 steps help prevent stretch wrap failure 1 Protecting their profits 1 Focus on The Client— Medtronic 2 A Special Thank You 2 July & August Birthdays 2 Protecting their profits (Cont.) 2 Me, Myself & I— Jared Mousteiko 3 FMI Baby Boom 3 Facts About August 3 FMI Challenge Winners 4 Digging Deep for Capacity 4 Exciting FMI Announcements 4 Happy Anniversary FMI Employees 4 Take the FMI Challenge 4 September/October 2013 Volume 11, Issue 4 Inside this issue: FMI NEWS!! Industry Update on all the topics concerning freight logistics, transportation and some fun things too... Mission Statement “We will be the staff our clients require to reach goals and achieve their vision.” When a unit load fails, stretch wrap is often fingered as the culprit. Derek Jones, senior marketing product manager for Lantech suggests that it may not be the wrap; instead, it may be the wrap’s application. Jones explains that many companies experiencing stretch wrap failures haven’t established a standard of effective wrapping practices for each type of unit load: each type depends on weights, types, if there are sharp corners. To build proper wrapping standards, Jones suggests three steps. film,” Jones says. Second, ensure the load is properly locked to the pallet. Operators often start the wrap over the sides of the pallet— where forks from a pallet jack or forklift can puncture the film. Lantech’s systems automatically roll a short, initial “cable” of film that grips the pallet just under the deck board, avoiding fork damage. Third, manually tuck the film’s tail under the wrap. This prevents any excess that could snag against something and compromise the wrapped load’s integrity. First, ensure that the minimum amount of containment force, or wrap tightness, is applied the load. “Baseline containment force is calculated by multiplying the wrap force—controlled by a knob on the stretch wrap machine— with the number of revolutions of “Your present circumstances don’t determine where you can go; they merely determine where you start.” —Nido Qubein Protecting their profits Trucking companies are struggling to balance rising costs with uneven demand. An anemic economic recovery, spending cuts driven by the federal sequester, and winter storms created roadblocks for trucking operators in the first quarter slows the industry’s drive toward greater profita- bility. The Journal of Commerce Trucking Dashboard tracked more than 20 public trucking companies’ profit margins, showing higher operating costs coupled with weak demand, results in constrained earnings growth. Profits at only 8 of the companies declined from the first (Continued on page 2) OPERATING RATIOS Operang raos represent operang expenses as a percentage of revenue. An operang rao above 100 a company is money before taxes and other charges. LTL 1Q 2011 4Q 2012 1Q 2013 ODFL 89.1 87.2 87.6 YRC REGIONAL 97.2 95.7 97.1 FEDEX FREIGHT 100.1 94.5 99.7 ROADRUNNER 92.9 94.9 93.2 SAIA 95.9 96.2 94.7 CON-WAY 95.8 97.4 98.1 ABF FREIGHT 105.5 103.2 105.5 YRC FREIGHT 107.1 97.3 99.7 AVERAGE 98.0 95.7 97.0 Established in 1987
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3 Steps Help Prevent Stretch Wrap Failure
3 steps help prevent
stretch wrap failure
1
Protecting their profits 1
Focus on The Client—
Medtronic
2
A Special Thank You 2
July & August Birthdays 2
Protecting their profits
(Cont.)
2
Me, Myself & I—
Jared Mousteiko
3
FMI Baby Boom 3
Facts About August 3
FMI Challenge Winners 4
Digging Deep for Capacity 4
Exciting FMI
Announcements 4
Happy Anniversary FMI
Employees
4
Take the FMI Challenge 4
September/October 2013
Volume 11, Issue 4
Inside this issue:
FMINEWS!!
Industry Update on all the topics
concerning freight logistics,
transportation and some fun
things too...
Mission Statement “We will be the staff our clients require to reach goals and achieve their vision.”
When a unit load fails,
stretch wrap is often
fingered as the culprit.
Derek Jones, senior
market ing product
manager for Lantech
suggests that it may not
be the wrap; instead, it
may be the wrap’s
app l i c at io n . Jones
explains that many
companies experiencing
stretch wrap failures
haven’t established a
standard of effective
wrapping practices for
each type of unit load:
each type depends on
weights, types, if there
are sharp corners. To
build proper wrapping
s t a n d a r d s , J o n e s
suggests three steps.
fi lm,” Jones says.
Second, ensure the load
is properly locked to the
pallet. Operators often
start the wrap over the
sides of the pallet—
where forks from a pallet
jack or forklift can
puncture the film.
L a n t e c h ’ s s y s t ems
automatically roll a short,
initial “cable” of film that
grips the pallet just
under the deck board,
avoiding fork damage.
Third, manually tuck the
film’s tail under the wrap.
This prevents any excess
that could snag against
s o m e t h i n g a n d
compromise the wrapped
load’s integrity.
First, ensure that the
minimum amount of
containment force, or
wrap tightness, is
appl ied the load.
“Baseline containment
force is calculated by
multiplying the wrap
force—controlled by a
knob on the stretch
wrap machine— with the
number of revolutions of
“Your present
circumstances don’t
determine where you can
go; they merely
determine where you
start.”
—Nido Qubein
Protecting their profits
Trucking companies are
struggling to balance
rising costs with uneven
demand. An anemic
economic recovery,
spending cuts driven by
the federal sequester,
and winter storms
created roadblocks for
trucking operators in
the first quarter slows
the industry’s drive
toward greater profita- bility. The Journal of
Commerce Trucking
Dashboard tracked
more than 20 public
trucking companies’
profit margins, showing
higher operating costs
coupled with weak
demand, results in
constrained earnings
growth. Profits at only
8 of the companies
declined from the first
(Continued on page 2)
OPERATING RATIOS Opera�ng ra�os represent opera�ng expenses as a
percentage of revenue. An opera�ng ra�o above 100
a company is money before taxes and other charges.
LTL 1Q 2011 4Q 2012 1Q 2013
ODFL 89.1 87.2 87.6
YRC REGIONAL 97.2 95.7 97.1
FEDEX FREIGHT 100.1 94.5 99.7
ROADRUNNER 92.9 94.9 93.2
SAIA 95.9 96.2 94.7
CON-WAY 95.8 97.4 98.1
ABF FREIGHT 105.5 103.2 105.5
YRC FREIGHT 107.1 97.3 99.7
AVERAGE 98.0 95.7 97.0
Established in 1987
Medtronic develops and
manufactures innovative
medical device technology and
therapies to treat chronic
disease worldwide.
Page 2 FMI Newsletter
Focus On The Client — Medtronic
extend life. Today,
Medtronic is the
world's largest medical
technology company,
offering an unprece-
dented breadth and
depth of innovative
therapies. Last year,
more than 9 million
p e o p l e b e n e f i t e d
from it’s medical
therapies, which treat
cardiac and vascular
diseases, diabetes, as
well as neurological and
m u s c u l o s k e l e t a l
conditions.
is to contribute to
human welfare by
applying biomedical
engineering to the
r e search , de s i gn ,
manufacture, and sale
of instruments or
appliances that alleviate
pain, restore health, and
Medtronic was founded
in 1949 as a medical
equipment repair shop.
Their first life-changing
therapy– a wearable,
b a t t e r y - p o w e r e d
cardiac pacemaker– was
the foundation for many
m o r e M e d t r o n i c
therapies that use the
electrical stimulation
expertise to improve
millions of peoples’ lives.
As of 2012, their head-
quarters is located in
Minneapolis, Minnesota .
They employ over
46,000 persons.
Their mission statement
“Health is the greatest
gift, contentment the
greatest wealth,
faithfulness the best
relationship”
—Buddha
FMI Birthdays
percent increase many
transportation analysts
forecast for truck
pricing this year.
F r e i g h t d e m a n d
measured by year-over-
year change tonnage
jumped in January but
declined in February
before rising in March
and April, according to
American Trucking
Association’s data.
Tonnage rose 3.9
percent on average in
the first quarter, flat
compared to a year
earlier.
Protecting their profits (Cont.) quarter of 2012, and
only two companies
suffered first quarter
losses: ABF Freight
System and Vitran
Express. Fedex Freight
and YRC Freight’s
return to profitability
from first quarter 2012
losses—showcases the
resiliency and fiscal
discipline trucking is
developing as the
economic recovery
slowly unfolds. The drop
in profit at other
carriers, however,
stress the difficulty
for many companies to
balance slow or uneven
demand growth with
rising expenses. Yield
gains were lower as well,
and more reliant on
pricing increases than
fuel surcharges in the
LTL segment. LTL yield
increased an average 3
percent in the quarter,
while the average
truckload revenue per
tractor per week
increased 3.5 percent
from a year earlier.
Those figures fell
within the 2 to 4
Paul Castaneda 9/09
Millie Vega 9/16
Bob Walters 10/17
Jamal Bourne 10/18
Vianey Hernandez 10/28
A Special Thank You…
“I appreciate all the effort and integrity FMI has always represented ICEE/Slush Puppies interests...”
The following number is the only one of its kind: 8,549,176,320. Can you figure out what is so special about it? Fax or email answers and address to 714-632-7221 or [email protected] to collect your prize. Winners will be announced monthly.
Take the FMI Challenge
FMI Challenge Winners
Answer:
They are both in the middle of
water!!
Congratulations:
Anna Tyminski– Spectrum Chemical Debbie Stutts– Spectrum Chemical
Gina Lovin- Javo Beverage
John Pace– Camelbak
Kenny Debes– Estes
Prem Jain– Spectrum Chemical
Rosalio Cabral– Creel Printing
Digging Deep for
Capacity
One bright side to a slow economic
recovery is that truck supply and
demand has been kept in rough
balance during the last four years.
Despite shrinking fleets at the
largest trucking companies, the
capacity crunch much feared in the
recession’s wake never caught up with
shippers. The largest motor carriers
are still cutting capacity. Freight
demand has increased since 2009 but
truck capacity hasn’t. With the
economy again showing signs of
weakness this summer, shippers aren’t
feeling much of a pinch, but they’re
concerned about the impact of new
driver hours-of-service rules and
higher carrier operating costs.
Happy Anniversary FMI Employees
Marian Thompson, Dispatch — 16 years
Tim Ponder, Vice President — 14 years
Kristan Peterson, Auditing — 14 years
Roy Yahiro, Dispatch — 12 years
Kim Runkle, Systems & Office Manager — 11 years
Ryan Chang, Manager of Pricing —8 years
Scott Walters, Sales — 6 years
Jamal Bourne, Dispatch— 5 years
Paul Castaneda, On-Site Coordinator— 5 years
Laura Branson, Controller —3 years
Jennylyn Gutierrez, Data Entry — 1 year
Exciting FMI Announcements
As most have witness-
es over this past year,
there have been some
significant changes
here at FMI. For this
reason alone, this has
led to our need to in-
crease our staffing as
well as redefine the
responsibilities of
some of our existing
staff.
Please join us in con-
gratulating the follow-
ing FMI team mem-
bers:
Angela Shackford has
been offered and pro-
moted to Director of Accounts, Angela will continue to oversee
and assure the suc-
cess and satisfaction
of the FMI clients.
Although her daily
duties will not change
drastically, the roles
and responsibilities
she has created and
assumed over the past
year more than justi-
fies the promotion.
Kim Runkle has added
responsibilities of
Jaguar & J Reports
this naturally comes a
new title of Systems & Office Manager. These two integrated