Deutsche Post said Wednesday its first-quarter profit fell 18% on a writedown of a German unit and slowing U.S. economic growth that hurt its U.S. DHL division, Bloomberg reported.
May 14, 2008Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
DOT Freight Transport Index Drops 0.4% in March
The Department of Transportation’s freight transportation services index fell 0.4% in March from the same month last year, DOT said Wednesday.
May 14, 2008Oregon Police Ride in Trucks to Nab Unsafe Drivers
Oregon state and local police began cracking down this week on unsafe automobile drivers who drive near trucks, with police riding in big rigs to looking for drivers who speed, tailgate or don’t leave trucks enough room to maneuver, Portland, Ore., television station KGW reported on its Web site.
May 14, 2008Oil Price Falls Following DOE Report
Oil prices fell more than $1 a barrel Wednesday following an Energy Department report that showed inventories improved last week, and both the House and Senate voted to suspend crude shipments to the nation’s Strategic Petroleum Reserve, Bloomberg reported.
May 14, 2008Business Inventories Increase 0.1%
Business inventories rose 0.1% in March, the Commerce Department said Tuesday.
May 13, 2008Import Goods Prices Rise 1.8%
The price of goods imported to the United States rose 1.8% in April, led by fuel cost increases, the Labor Department said Tuesday.
May 13, 2008Retail Sales Fall 0.2% in April
Retail sales declined 0.2% in April, the Commerce Department said Tuesday.
May 13, 2008IdleAire Files Chapter 11; Stations to Remain Open
IdleAire Technologies Corp., a designer of anti-idling systems for long-haul trucks at truck stops, has filed for Chapter 11 bankruptcy, but its facilities will remain open to truckers, the company said Friday.
May 19, 2008Letters to the Editor: Border Program, Gas Tax Reality, Unpaid Miles, Fuel Prices
I agree with Secretary of Transportation Mary Peters: Congress should continue the cross-border program between the United States and Mexico.
May 12, 2008Court Upholds Graves Amendment on Liability
The New York Court of Appeals has upheld the constitutionality of a federal law, known as the Graves Amendment, that bars claims against leasing companies because of actions of equipment lessees.
May 12, 2008