Red Bull adds hybrid delivery trucks to fleet
WARRENVILLE, Ill. Red Bull has announced the addition of four hybrid delivery trucks to its U.S. fleet. Brand-new Navistar International DuraStar hybrid trucks were delivered this week to the Red Bull Southern Nevada Distribution Center, to be driven for deliveries in and around the Las Vegas metropolitan area.
Jim Williams, director of sales and distribution of new products at Navistar, the company that builds the hybrid delivery trucks said, “We’re proud that Red Bull recognizes the importance of green transportation for the environment. We need more companies like this to take a stance and add hybrid vehicles to their fleets.”
The hybrid diesel-electric trucks are capable of getting 30 percent to 40 percent better fuel efficiency. In addition, they release about 35 percent less nitrogen oxide and 33 percent less hydrocarbon emissions than regular diesel trucks.
Each truck will save Red Bull around $4,000 a year on fuel costs, the companies said.
Dr Pepper Snapple reports profit down for 2Q
PLANO, Texas Dr Pepper Snapple Group has announced that its profit dropped 21 percent in the second quarter of 2008. Speculators say that the drop was most likely the result of the new company’s break from former parent Cadbury Schweppes.
According to the company, net income dropped from $136 million, or 54 cents per share, in the second quarter 2007 to $108 million, or 42 cents per share for the quarter ended June 30.
Not including the costs of restructuring and separation and other transactions, earnings were reported at 60 cents per share, the company said. In comparison the second quarter of 2007, revenue did rise 1 percent to $1.56 billion from $1.54 billion, after predictions that it would reach $1.58 billion. And, while higher prices may have steadied the loss from a drop-off in sales, coupled with a “challenging macroeconomic environment,” the higher prices were also the cause for the for the drop in volume, the company said.
Anheuser-Busch offers enhanced perks for workers to retire early
ST. LOUIS Anheuser-Busch this week said that in order to cut administrative costs it is offering salaried workers an early retirement package. This announcement came after A-B filed a report with the Securities and Exchange Commission.
The improvements to the A-B retirement plan include better pension and medical benefits, and severance monies payable to those employees who will be age 55 years old or older by the year’s end. About 8,600 employees will be eligible for the program, more than 1,000 of whom are age 55 and older, the company said. A-B said that around 10 percent to 15 percent of those eligible are expected to accept the plans and retire.
The company also reported that of those eligible for the new retirement offer, 360 are “ket employees” for whom the retirement offerings will include between 15 months of base pay to twice their salaries, as well as other benefits. Vice president and chief financial officer W. Randolph Baker was named among these key players and would $2.7 million, if he agrees to the package.
A-B last month waved the green flag for a takeover bid by Belgian brewer InBev to acquire the company for $52 billion. The retirement and severance costs and related expenditures of $100 million to $140 million should provide A-B with a one-time pretax charges between $400 million and $525 million in the third and fourth quarters of 2008, sources had said.