Deutsche Post AG, parent of DHL Americas, said its second-quarter profit rose 13% as its DHL Express unit increased package volumes in Asia and earned more per shipment in the U.S., Bloomberg News reported.
August 5, 2007Business
Frozen Food Express Post Q2 Loss
Refrigerated truckload carrier Frozen Food Express Industries said it lost $661,000 or 4 cents a share in the second-quarter, compared with a net income of $2.1 million or 10 cents a share a year earlier.
August 5, 2007BusinessSafetyGovernment
July ISM Services Index Declines Sharply
The economy’s service sector growth rate experienced its largest decline in nearly two years in July, falling to 55.8 in from 60.7 in June, the Institute for Supply Management said Friday.
August 3, 2007Business
Unemployment Rate Rises to 4.6%
U.S. employers added 92,000 jobs in July while the unemployment rate rose to 4.6%, the Labor Department reported.
August 3, 2007BusinessFuel
Quality to Acquire Boasso America
Tanker carrier Quality Distribution, Tampa, Fla., announced Thursday it will pay $60 million to acquire privately-held Boasso America Corp., a Chalmette, La., company that provides tanker cleaning and maintenance services, Bloomberg News reported.
August 3, 2007BusinessSafetyGovernmentLogistics
TransForce to Purchase Canadian Courier
Canadian transportation firm TransForce Income Fund said Thursday it will purchase Century II Holdings, the parent company of Toronto-based ICS Courier.
August 3, 2007BusinessSafety
Rail, Intermodal Fall for Week
Rail carload and intermodal freight traffic fell compared with a year ago for the week ended Saturday, the Association of American Railroads said Thursday.
August 2, 2007GovernmentBusinessSafety
Minn. Highway Bridge Collapse Kills At Least Four, Injures Dozens
An interstate highway bridge jammed with rush-hour traffic collapsed into the Mississippi River in Minneapolis late Wednesday, thowing dozens of vehicles into the water and killing at least four people, the Associated Press reported.
August 2, 2007BusinessSafetyGovernment
Xata’s 3Q Loss Widens; Revenue Rises 7.2%
Transportation software firm Xata Corp. said Thursday it lost $875,000 or 21 cents a share in its fiscal third quarter, compared with a loss of $559 million or 9 cents a year ago.
August 2, 2007BusinessSafetyGovernment
Patriot Transportation’s 3Q Income Rises
Patriot Transportation Holding’s fiscal third-quarter net income jumped to $2.4 million or 77 cents a share, from $1.8 million or 59 cents a year earlier.
August 2, 2007