FedEx Corp. said Friday it will raise its 2009 ground delivery rates by an average of 5.9%, starting Jan. 5.
November 14, 2008Search
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Scam Artists Hit Brokers, Fleets
Logistics executive Paul Lueck, a 27-year veteran of the transportation business, thought he’d seen it all before the silver-tongued con man from what turned out to be a fictitious Jonesboro, Ark., trucking company came calling last summer.
November 17, 2008DHL to End U.S. Parcel Service After 5 Years, Nearly $10 Bln.
Deutsche Post, owner of DHL Express, said it would close the parcel carrier’s U.S. operations after an unsuccessful five-year, $10 billion attempt to crack into a $61.1 billion market dominated by UPS Inc. and FedEx Corp.
November 17, 2008Diesel Hits 14-Month Low
The U.S. average retail diesel price dropped 14.4 cents to $2.944 a gallon last week, falling below $3 for the first time in 14 months, and is expected to drop even further next year, the U.S. Department of Energy said.
November 17, 2008TT Logistics 50: Shippers, Carriers Seek Solutions to Logistics Challenges
Logistics companies face significant new challenges as both shippers and carriers look for ways to cope with financial turmoil, volatile fuel costs and slumping demand for goods and services.
November 17, 2008DOT Freight Index Unchanged in September
The Department of Transportation’s freight transportation services index for September was unchanged from a year ago but fell 2.5% from its August level, DOT said Thursday.
November 13, 2008Intermodal Traffic Falls for Week
Rail and intermodal traffic fell sharply last week from the same week a year ago, the Association of American Railroads said Thursday.
November 14, 2008Wal-Mart’s 3Q Earnings Rise
Retailer Wal-Mart Stores said Thursday its fiscal third-quarter earnings rose 10%, but the company trimmed its full-year outlook.
November 13, 2008Initial Jobless Claims Reach 7-Year High
First-time unemployment claims reached the highest level in seven years last week, and the number of people on unemployment rolls reached the highest level in 25 years, the Labor Department said Thursday.
November 13, 2008Velocity Reports $11.3 Million 1Q Loss
Velocity Express Corp. reported it lost $11.3 million, or $3.45 a share, in its fiscal first quarter, compared with a loss of $11.1 million, or $4.22, a year earlier.
November 13, 2008