Revolution Oil offering free product test, oil to Canadian trucking companies

CALEDONIA, Ont. -- Revolution Oil is offering qualified trucking companies in Canada the opportunity to test its HI-TEK25 product for free. In addition, the Mooresville, N.C.-based firm is offering qualified Canadian companies an ongoing Pay for Performance option that would include providing oil free of charge. The corresponding savings on fuel costs are then shared, and under the program, companies will not have to pay for oil, the company says.

“Revolution Oil believes it can successfully access the trucking fleets throughout Canada and help reduce the rising fuel prices that have been known to cripple trucking companies finances,” officials said in a release.

Caledonia, Ont.-based TransRep has been helping Revolution Oil in the promotion and sales in Canada.

“This business model is certainly unique. Revolution Oil has warranty letters from all the major engine players to back this product,” said Kim Richardson, president of TransRep. “For any trucking company, oil is a major expense to the bottom line.”

For more information, call TransRep at 905-541-3319.

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Software Firms Partner to Cut Invoicing Time for Transportation Companies

Quadrant Software on Monday announced a partnership with document imaging company Real Vision Software to reduce invoicing time for transportation and distribution companies.

The companies have launched the Mobile Signature Capture System, which allows companies to send out invoices for products and services the instant those products are delivered and signed for, said Quadrant, which provides document output management software.

The system enables companies to create forms from IBM i-based applications, route them throughout an organization or to customers, archive those documents electronically and make them available for both remote and tethered digital signature capture on the iPhone, iPad or iPod Touch, the company said.

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Mexican Trucking Companies Waiting for Certainty in Cross-Border Program

Most Mexican trucking companies are not willing to make the long-term investments to participate in the latest cross-border pilot program with the United States, in part because of uncertainties over the program’s future, Bloomberg reported Tuesday.

Companies are reluctant to invest in technology to meet tougher U.S. pollution controls, Jose Refugio Munoz, CEO of the Mexican trucking association Camara Nacional del Autotransporte de Carga, known as or Canacar, told Bloomberg.

The current 18-month pilot program followed a prior similar pilot program, which wan 2007 to 2009 before it was canceled after President Obama took office.

The Transportation Department’s Federal Motor Carrier Safety Administration resumed the program after Mexico said it would put more than $2 billion in tariffs on U.S. goods in protest of the suspended program, first outlined under the 1994 North American Free Trade Agreement.

FMCSA last month issued the first permit to a Mexican trucking company, Transportes Olympic, and a lone truck from that carrier remains the only cleared truck for U.S. entry under the program.

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Oil Companies' Profits Rise on Higher Crude Prices

Several major oil companies cited higher crude prices in reporting higher third-quarter profits. 

• Chevron Corp. said Friday its profit more than doubled, to $7.83 billion, or $3.92 per share, from $3.77 billion, or $1.87, a year ago. Revenue jumped 26% to $61.3 billion.

• Exxon Mobil Corp.’s net income rose 41% to $10.33 billion, or $2.13 per share from $7.35 billion, or $1.44. Revenue rose 32% to $125.3 billion.

• Royal Dutch Shell’s profit rose to $6.98 billion, from $3.46 billion. Revenue rose 33% to $127 billion.

• ConocoPhillips’ income slipped of $2.6 billion, or $1.91 per share, from $3.1 billion, or $2.05. Revenue rose 33% to $62.78 billion.

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