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UPS 2nd-Qtr. Earnings Fall 49%, but 3 Main Units Stay Profitable
Second-quarter net income at UPS Inc. fell 49%, compared with a year earlier, but all three main divisions remained profitable despite the ongoing recession and a 16.7% decline in global revenue.
July 27, 2009Dems Still Split on Funding of Nations Highway Needs
WASHINGTON Congressional Democrats continued to spar over how best to address the nations road transportation needs, as the Senate and House moved on opposing paths.
July 27, 2009ATA Joins Industry Group on Contractor Law to Protect Owner-Operator Business Model
Concern about the possibility of legislative threats to the use of owner-operators has led American Trucking Associations to join a Washington, D.C., lobbying group.
July 27, 2009Oberstar Troubled by Wetlines Warning
House Transportation Committee Chairman James Oberstar (D-Minn.) said he was deeply troubled over a claim by truck safety inspectors that proposed legislation requiring the purging of flammable materials from tanker wetlines would be difficult, if not impossible, to enforce.
July 27, 2009Senators Address 3 DOT Nominations
The Senate Commerce, Science and Transportation Committee advanced the nominations of several other key administration officials to the full Senate on July 21, including the nomination of Deborah Hersman to lead the National Transportation Safety Board.
July 27, 2009So. Calif. Ports Expected to Approve Program to Speed Purchase of 500 More LNG Trucks
Harbor commissioners at the Ports of Los Angeles and Long Beach, Calif., are expected to approve a plan next month to spend $46.5 million in new grant funding from the state to fast-track the purchase of up to 500 new liquefied natural gas trucks, officials with both ports said.
July 27, 2009Standards Body Passes on Hot Fuel Rule
Trucking groups hailed the decision by the National Conference on Weights and Measures not to proceed with proposals to regulate the temperature of retail fuel at the pump.
July 27, 2009Wal-Mart, UPS to Expand Carbon-Emissions Reporting
Wal-Mart Stores and UPS Inc. have separately pledged to support enterprise-wide reporting of greenhouse gas emissions, underscoring the emerging relevance of the carbon accounting field to motor carriers.
July 27, 2009Diesel Drops 4.6瞽 to $2.496 in 4th Straight Weekly Decline
U.S. retail diesel prices dropped 4.6 cents last week to $2.496 a gallon, the Department of Energy reported the fourth straight decline but rising crude oil costs will soon lead to a reversal of that trend, a department analyst predicted.
July 27, 2009Safeway Profit Inches Up
Grocery store chain Safeway Inc. said its second-quarter profit inched up 1.8% to $238.6 million, or 57 cents a share, from $234.3 million, or 53 cents, last year.
July 24, 2009