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|Articles - May 2013|
|Monday, April 29, 2013|
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By the company’s 30th anniversary in 2010, Combined Transport trucks had logged over 2 billion miles. Last year Combined finally shook off the aftereffects of the 2007 recession as 2012 annual revenues jumped 25% over the previous year to $127 million. Card now sees good times ahead for his company and the industry. “It’s an exciting time,” he says. “We have to turn down loads because we can’t hire enough drivers.” Just as he urges other companies to do, Card is keeping an eye out for first-generation companies looking to sell. “A lot of those trucking companies that started in the ’80s are just now coming into retirement and don’t have a second generation to carry them.” In the next five years, merger and acquisition activity will increase, Card predicts.
Card himself intends to follow an M&A plan he’s been perfecting since 2000, when Combined made its first acquisition. It’s a plan that is in keeping with his efforts to burnish the industry’s reputation. “We don’t want to bottom-feed just to get equipment and drivers,” he says. “That doesn’t work. When we find a company that has a good business model, we’re going to let them keep that model with employees and management structure in place and run them as a wholly owned subsidiary.”
A case in point: In 2012 Card purchased friend Mike Simone’s Blackwell Consolidation (formerly Cross Creek Trucking). The purchase included Blackwell’s 31-acre parcel of land situated within shouting distance of Interstate 5, solving a problem that’s vexed Card for years. “Moving operations over there is really going to help the Rogue Valley,” Card says. “We’ll eliminate over 50,000 truck miles by being that much closer to I-5. We won’t be clogging the two busiest intersections in the Valley, and we estimate saving over a quarter ton of pollution from the air shed.”
This is just another way of giving back to the state Card holds dear. As ATA chairman, Card preaches respect, professionalism and safety on the road. Back at home, he’s an equally vocal cheerleader for Oregon economic development. “I love it here,” he enthuses. “I was born and raised in Medford. Everyone in the trucking industry knows I’m from Oregon. I make a big deal out of it because I think it’s the best place in the world to live.”
Thursday, January 29, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
As the costs of college mount, and as employer demand for software developers soars, coding schools and programs are springing up everywhere.
Monday, January 26, 2015
BY JACOB PALMER
Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.
Saturday, December 13, 2014
Checking in with the managing director of Arnerich Massena.
Wednesday, January 14, 2015
BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR
Startups in the growth phase are associated with a fresh infusion of capital — human and financial — a curiosity factor and products to disrupt the market and drive demand. Portland’s economy gives off the same aroma.
Thursday, December 11, 2014
BY APRIL STREETER
Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.
Thursday, December 11, 2014
BY OREGON BUSINESS STAFF
An SEC rule targets the disparity between executive and employee compensation, reigniting a long-standing debate about corporate social responsibility.
Monday, January 26, 2015
BY LINDA BAKER
The 2014 Bend Venture Conference set a record for the most cash, investments and prizes awarded at an angel conference in the Pacific Northwest. Investments in the six winning companies exceeded $1 million. The 11th annual conference was hosted by Economic Development of Central Oregon.
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The official launch will be Jan. 14.
In a switch on the traditional trade show, representatives from UO departments and local and state agencies will host tables to connect with businesses and vendors. The fourth Reverse Vendor Fair will take place Wednesday, Feb. 25, in Eugene.