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Postal Service’s Net Income Falls in Fiscal 2005

Click here to write a Letter to the Editor. he U.S. Postal Service's net income fell 55% in fiscal year 2005 due to rising costs, but it paid off all its debts, Bloomberg reported.

December 7, 2005

Diesel Average Price Drops 5.4 Cents to $2.425 a Gallon

Click here to write a Letter to the Editor. he average retail price of diesel fuel fell 5.4 cents to $2.425 a gallon, the sixth straight weekly decline, the Energy Department said Monday.

December 6, 2005

TNT Plans to Sell Its Logistics Unit

Click here to write a Letter to the Editor. NT NV, Europe’s second-largest package-delivery company, plans to sell its logistics business and buy back about $1.2 billion of its shares to fend off any unsolicited offer for the company, Bloomberg reported Tuesday.

December 6, 2005

Web-Based freightquote.com Buys Broker Twin Modal

Click here to write a Letter to the Editor. eb-based transportation management services provider freightquote.com said it has acquired Twin Modal, a Minneapolis-based transportation brokerage company specializing in truckload and intermodal operations.

December 6, 2005

Sept. 11 Commission Faults U.S. Counter-Terrorism Plans

Click here to write a Letter to the Editor. he United States continues to be at risk from terrorist attacks because Congress and the White House have failed to enact several strong security measures, members of the former Sept. 11 commission said Monday, the Associated Press reported.

December 6, 2005

Third-Quarter Productivity Rises to 4.7% Rate

Click here to write a Letter to the Editor. .S. workers’ productivity grew at a 4.7 % annual rate in the third quarter, the Labor Department reported Tuesday.

December 6, 2005

New Mexico Buys 300 Miles of Track From BNSF for $76 Mln.

Click here to write a Letter to the Editor. ew Mexico has signed an agreement to buy nearly 300 miles of railroad track from western freight railroad BNSF Railway Co. for $76 million, the Associated Press reported.

December 6, 2005

Incoming Va. Governor Opposes Truck-Only Tolls on I-81

Click here to write a Letter to the Editor. img src="http://www.ttnews.com/images/printeditiontag_new.gif" width=120 align=right>MANASSAS, Va. — Virginia Gov.-elect Timothy Kaine (D) told Transport Topics he is against truck-only toll lanes on Interstate 81 and does not support placing new tolls on existing roads, although he does support tolling new roads.

December 6, 2005

Fitch: Freight Transports to Remain Healthy in 2006

Click here to write a Letter to the Editor. itch Ratings said Tuesday that following a strong 2005 for the U.S. land-based freight transportation industry, it expects a strong showing from the industry again next year.

December 6, 2005

Factory Orders Rise 2.2% in October, Commerce Says

Click here to write a Letter to the Editor. .S. factory orders rose 2.2% in October, the second increase in three months, the Commerce Department said Tuesday.

December 6, 2005