Germany’s Deutsche Post AG, parent of U.S. parcel carrier DHL Express, said its second-quarter profit fell 11% to about $396 million, or 33 cents a share, on costs to revamp its parcel delivery business in North America, Bloomberg News Reported.
July 31, 2008Government, Business
Deutsche Post Earnings Hurt by Costs at U.S. Express Unit
Government
GDP Grew 1.9% in the Second Quarter
The U.S. economy grew at a 1.9% annual rate in the second quarter, the Commerce Department said Thursday.
July 31, 2008Business, Safety, Government
Coast Guard Sets First Dates For TWIC Card Requirement
The U.S. Coast Guard has begun setting dates when truckers and others who enter ports in ports must have the government-issued Transportation Worker Identification Credential, or TWIC, that is meant to prevent terror attacks on the docks.
July 31, 2008Government, Business
$8 Billion Highway Trust Fund Fix Effectively Dead
Senate Republicans voted Wednesday to continue debate on a measure that would have bolstered the Highway Trust Fund, effectively killing the bill.
July 30, 2008Business, Safety, Government
Iowa Highway Reopens After Flood Repairs
Part of Iowa Highway 1 that had been severely damaged by heavy flooding last month has reopened, the state's transportation department said Wednesday.
July 30, 2008Business, Safety, Government
Covenant Reports 2Q Earnings
Covenant Transportation Group said late Tuesday it lost $2.3 million, or 17 cents a share, in the second quarter, compared with a loss of $11.3 million, or 80 cents, a year ago.
July 30, 2008Business, Safety, Government
Covenant Reports 2Q Earnings
Covenant Transportation Group said late Tuesday it lost $2.3 million, or 17 cents a share, in the second quarter, compared with a loss of $11.3 million, or 80 cents, a year ago.
July 30, 2008Business, Safety, Government
June Tonnage Index Jumps 5.4%, ATA Says
Truck tonnage in June rose 5.4% from a year earlier, the eighth consecutive year-over-year increase, and the largest year-over-year gain since January 2005, American Trucking Associations said.
July 29, 2008Business, Fuel, Government
Diesel Down 11.5 Cents to $4.603 a Gallon
The average retail price of U.S. diesel plunged 11.5 cents to $4.603 a gallon, the biggest drop of the year, the Department of Energy said Monday.
July 28, 2008Business, Logistics, Fuel, Government
Diesel Down 11.5 Cents to $4.603 a Gallon
The national average price of retail diesel fell 11.5 cents to $4.603 a gallon, the Department of Energy reported Monday.
July 28, 2008