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Deutsche Post Earnings Hurt by Express Division Decline
Deutsche Post AG, the parent of DHL Americas, reported higher third quarter earnings, though profits fell short of analysts' estimates due to declines at the company’s Express unit, Bloomberg reported.
November 8, 2006Minnesota Voters Approve Transport Funding
Minnesota voters have approved an amendment to the state’s constitution that requires all motor vehicle sales tax revenue to be spent on transportation projects, the Associated Press reported Wednesday.
November 8, 2006EGL’s Third-Quarter Income, Revenue Rise
Transportation and logistics firm EGL Inc. reported third-quarter net income of $19.5 million or 48 cents a share, compared with $19.2 million or 40 cents from the same quarter last year.
November 8, 2006PHMSA's Crash, Incident Data Support Limits To Hazmat Background Checks
DALLAS - Examination of crash and incident data by the federal agency that regulates hazardous materials transportation may bolster arguments for limiting hazmat background checks, officials with American Trucking Associations told Transport Topics.
November 8, 2006Seat-Belt Laws, Liability Changes Top Agenda For ATA Insurance Task Force, Officials Say
DALLAS — Trucking executives will continue to advocate insurance and legal reforms in state legislatures and will work to institute primary seat-belt laws across the country, industry officials said during American Trucking Associations’ Management Conference & Exhibition here.
November 8, 2006Security & Safety Briefs — November 8 - November 14
States Use Cable Barriers Make Roadways Safer • Samsung Acquires Minority Stake in Cargo Container Security JV • Volvo to Build Traffic Accident Research Center in China
November 8, 2006UPS Looks to Reduce Costs With Review of Global Operations
Parcel giant UPS plans to review its global operations in order to reduce costs and boost efficiency, Bloomberg reported Wednesday.
November 8, 2006Diesel Fuel Dips Another 1.1 Cents to $2.506 a Gallon
The national average retail price of diesel fuel fell another 1.1 cents to $2.506 a gallon, its 11th decline in the past 12 weeks, the Energy Department said Monday.
November 7, 2006Expeditors International’s 3Q Earnings Rise
Logistics firm Expeditors International of Washington on Tuesday reported a third-quarter profit of $63.8 million or 29 cents a share, up from $48.4 million or 22 cents a year ago.
November 7, 2006Ahold to Sell U.S. Foodservice
Dutch supermarket operator Royal Ahold NV announced it will sell U.S. Foodservice, its American food and food-service product delivery unit.
November 7, 2006