On Wednesday, Shares of Frontier Communications Corporation (NASDAQ:FTR), lost -1.01% to $4.88.
Frontier Communications Corporation, declared that it recently accomplished four separate sales with six New York counties for next-generation capable 9-1-1 communications systems. These sales are in addition to Frontier’s 9-1-1 state-of-the-art system sale to Monroe County and the City of Rochester, N.Y., in the second half of 2014.
The systems were sold to counties within and outside of Frontier’s traditional service footprint in New York, with some counties partnering on a joint purchase. The featured equipment in all sales is the Airbus DS VESTA 4 system, a state-of-the-art IP-based integrated communications system that provides full redundancy and allows call takers to set up in a mobile environment in the event of evacuation. The new systems also provide more detailed and comprehensive reporting, enabling users to better analyze call data. In addition, they are next-generation 9-1-1 ready and capable of transmitting text, data and video images to 9-1-1 centers.
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.
Shares of American International Group, Inc. (NYSE:AIG), inclined 0.72% to $64.03, during its last trading session, hitting its highest level.
The Board of Directors of American International Group, elected Linda A. Mills a Director. Ms. Mills has also been designated to the Board’s Technology Committee and the Board’s Compensation and Administration Resources Committee.
“We are happy to welcome Linda Mills to the AIG Board,” said Douglas M. Steenland, Chairman of the AIG Board of Directors. “Ms. Mills’ in-depth experience in information technology and cyber security, and her success in managing a noteworthyline of business at Northrop Grumman, will add further strength to the AIG Board.”
Ms. Mills is a former Corporate Vice President of Operations for Northrop Grumman, with responsibility for driving effective operations to enable top performance, innovation and affordability. During her 12 years with Northrop Grumman, Ms. Mills held a number of positions, counting Corporate Vice President and President of Information Systems and Information Technology sectors; President of the Civilian Agencies Group; and Vice President of Operations and Process in the firm’s Information Technology Sector. Preceding to joining Northrop Grumman, Ms. Mills was Vice President of Information Systems and Processes at TRW, Inc. She began her career as an engineer at Bell Laboratories, Inc.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
Finally, Marten Transport Ltd. (NASDAQ:MRTN), ended its last trade with -12.63% loss, and closed at $19.93.
Marten Transport, stated a 5.4% enhance in net income to $8.4 million, or 25 cents per diluted share, for the second quarter ended June 30, 2015, from $7.9 million, or 24 cents per diluted share, for the second quarter of 2014. For the six-month period ended June 30, 2015, net income raised 40.4% to $18.5 million, or 55 cents per diluted share, contrast with $13.2 million, or 39 cents per diluted share, for the first six months of 2014. As formerly stated, results for the first six months of 2015 comprised of a gain on the disposition of a facility of $3.7 million, or 6 cents per diluted share, which occurred as part of the Company’s ongoing program to expand and update the footprint of its facilities throughout the United States.
Operating revenue, net of fuel surcharges, improved 6.1% to $143.9 million for the second quarter of 2015 from $135.7 million for the second quarter of 2014, and improved 8.1% to $284.6 million for the first six months of 2015 from $263.2 million for the first six months of 2014. These improvements were primarily due to the continued growth of Marten’s dedicated operations. Operating revenue was $163.6 million for the 2015 quarter contrast with $168.4 million for the 2014 quarter, and was $324.9 million for the 2015 six-month period contrast with $327.8 million for the 2014 six-month period. Fuel surcharge revenue reduced to $19.7 million for the second quarter of 2015 from $32.7 million for the 2014 quarter, and reduced to $40.2 million for the 2015 six-month period from $64.6 million for the 2014 six-month period.
Operating expenses as a percentage of operating revenue, with both amounts net of fuel surcharges, improved to 90.2% for the second quarter of 2015 from 90.5% for the second quarter of 2014. The ratio improved to 88.9% for the 2015 six-month period from 91.8% for the 2014 six-month period. The operating ratio, net of both fuel surcharges and the gain on the facility disposition, improved to 90.2% for the six-month period ended June 30, 2015.
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage.
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