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The Locator Magazine April 2017
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The Locator Magazine

LKQ Announces Results For Fourth Quarter And Full Year 2016

LKQ Corporation announced results for its fourth quarter, and full year ended December 31, 2016, on February 23, 2017. The company stated its net income for the fourth quarter of 2016 was $86.3 million, a decrease of 9.2 percent as compared to $95.1 million for the same period of 2015. But, net income for full year 2016 was $464 million, an increase of 9.6 percent as compared to $423.2 million for the same period of 2015.

Mopar Debuts Limited Edition Dodge Challenger

In celebration of 80 years of Mopar®, the company unveiled its limited-edition Mopar ’17 Dodge Challenger at the Chicago Auto Show in February.

Celebrate Earth Day 2017

The Earth Day Network (www.EarthDay.org) announced that its theme for 2017 is environmental and climate literacy. The group stated that education is the foundation for progress.
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Locator UpFront

PUBLIC FORUM

The public will soon be able to see what injuries occurred at your business. Starting in 2017, The Occupational Safety and Health Administration (OSHA) will take the information it already collects from employers and post it online. OSHA recently released a final rule, which becomes effective on January 1, 2017, that requires employers to electronically submit information on workplace injuries. This information will be posted on the department’s website, www.osha.gov.

FLIP THE SCRIPT

Thirty percent growth for a company for one year is pretty good. Thirty percent growth year-after-year is outstanding. When George Trunyan started his auto recycling facility, Benzeen Auto Parts (formerly TLS Auto Recycling) in Rancho Cordova, Calif., in 2010 it made $600,000 the first year. Today, Trunyan expects to close with $4.4 million. The growth is due to Trunyan’s experience with finance and his willingness to take some risks.

DEEP ROOTS

Neil Morris knows scrap. He’s the third generation of the Morris family to be in the scrap business. His grandfather, Earl Morris, started Morris Scrap Metal Company, Inc. in Kings Mountain, N.C. in 1931. Neil’s father Jerry Morris runs that business today. Neil got his start there and is now vice president. But, auto recycling runs just as deep in his veins.
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Blog


Top Parts Searched At PartsLocator.com

Are you buying recycled auto parts? Using recycled auto parts saves both money and resources. Many recycled auto parts, like engines, are typically 50 percent less than new OEM parts and as a repair alternative, fewer resources are used to manufacture new parts. The auto recyclers featured in the PartsLocator.com’s Part Search stock quality, graded recycled auto parts.

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Summer is Officially Here

Summer is Officially Here

This latest edition of Locator UpFront features an informative piece on PartCycle - a new online marketplace for auto recyclers to sell their inventory. You'll also learn how a new law in Canada is affecting auto recyclers as well as how to ensure you are covered if a fire ever damages or destroys your facility.

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