Copart, Inc. (NASDAQ:CPRT) reported for the three months ended April 30, revenue of $550.4 million, down $2.8 million, or 0.5%, from the same period last year. Gross profit was $242.6 million, a decrease of $9.0 million, or 3.6% below last year and net income was $147.5 million, down $45.3 million, or 23.5%. For the nine […]
Tom Adams Named Vice President of Sales at Refinish Manufacturer TCI Products
TCI Products announced the appointment of Tom Adams as Vice President of Sales. Adams will work with the TCI Sales Team and personally strategize with each of our jobbers so they can achieve aggressive growth in 2020 and beyond. Product development through the eyes of a successful paint jobber will be of special focus. Adams […]
International Insurance Experts to Examine Claims Management in Post-COVID-19 World During May 28 Webinar
The Claims Bridge International announced it will be hosting an online panel discussion on Thursday, May 28, at 3 pm EST, titled Is COVID-19 Driving Claims Innovation? During the free webinar, international insurance experts from the United States, United Kingdom, Australia and European Union will share their insights about the future of the claims industry […]
U.S. Length of Rental Up in April in Wake of Pandemic Response
The latest data show length of rental up over two days nationally. Enterprise Rent-A-Car’s Length of Rental (LOR) reports have long served as an industry proxy for repair cycle times. Enterprise measures LOR by three main vehicle statuses: Drivable, Non-drivable and Total Loss. Factors such as storms and changes to vehicle mix can affect LOR, […]
Interview: Olivier Baudoux, Mitchell International
Baudoux, senior vice president of global product strategy and artificial intelligence for auto physical damage at Mitchell International details its AI-enabled estimating solution and its impact on collision repair. With the announcement of the commercial availability of Mitchell Intelligent Estimating (MIE) in the U.S., artificial intelligence (AI) is becoming an increasing part of the auto […]
OSHA Adopts Revised Enforcement Policies on Coronavirus
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has adopted revised policies for enforcing OSHA’s requirements with respect to coronavirus as economies reopen in states throughout the country. Throughout the course of the pandemic, understanding about the transmission and prevention of infection has improved. The government and the private sector have taken […]
Nationwide Creates Enterprise Innovation and Digital Organization
Nationwide announced it is making some organizational adjustments to enable the company to further enhance and accelerate its focus on innovation with an emphasis on digital interactions. Chetan Kandhari, Chief Digital Officer, will lead a new Enterprise Innovation and Digital organization, aligning all of Nationwide’s innovation and digital teams into one and accelerating delivery of […]
Motor Vehicle Fatality Rates Jump 14% in March Despite Quarantines
Preliminary estimates from the National Safety Council show that as Americans began driving less and covering fewer miles, the emptier roads became more lethal. Early data indicate a year-over-year 14% jump in fatality rates per miles driven in March, in spite of an 8% drop in the total number of roadway deaths compared to March […]
Vehicle Travel Continues to Rebound Across the U.S.
Personal travel road traffic improved nationally and in every state for the week ending May 15. According to the latest INRIX U.S. National Traffic Volume Synopsis covering the week of May 9-15, for the fourth straight week travel continued to rebound across the U.S. Nationwide personal travel improved to levels last seen on Monday, March […]
CARSTAR Adds Collision Repair Center to Network in Los Angeles
CARSTAR announced the opening of CARSTAR First Choice Auto Body, a 6,500 sq. ft. facility located at 4368 Fountain Avenue, in Los Angeles, Calif. The collision repair center is the first CARSTAR location for owner Edwin Khoshabeh, a third-generation auto body repairer who has been in the industry his whole life. “My father had an […]
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