Germany’s Deutsche Post AG, parent of U.S. parcel carrier DHL Express, said its second-quarter profit fell 11% to about $396 million, or 33 cents a share, on costs to revamp its parcel delivery business in North America, Bloomberg News Reported.
July 31, 2008Search
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July Unemployment at Four-Year High as Payrolls Fall
U.S. payrolls declined in July as the unemployment rate rose to 5.7%, the highest level since 2004, the Labor Department said Friday.
August 1, 2008Diesel Falls 11.5¢ to $4.603
The national average retail price of diesel fell 11.5 cents to $4.603 a gallon last week, the largest one-week drop in nearly two years and the second consecutive weekly decline, the Department of Energy reported.
August 4, 2008June Truck Tonnage Jumps 5.4% in Eighth Straight Gain
The U.S. economic stimulus package and inventory replenishment by customers powered a 5.4% rise in truck tonnage during June compared with last year, the eighth consecutive monthly increase, American Trucking Associations said.
August 4, 2008ATA Sues to Block Driver Plans at L.A. and Long Beach Ports
American Trucking Associations last week asked a federal court to block emission-reduction plans by the California ports of Los Angeles and Long Beach that include concessionaire requirements the group said “unlawfully re-regulated the federally de-regulated trucking industry.”
August 4, 2008DOT Issues Transport Plan
Declaring the current system irrevocably “broken,” Transportation Secretary Mary Peters unveiled the Bush administration’s final major surface transportation policy initiative — a reform of the highway program that includes unlimited tolling and an increased emphasis on private capital.
August 4, 2008Bridgestone Firestone to Hike Prices by Up to 10%
Bridgestone Firestone North American Tire said Thursday that it will raise prices by up to 10% on all of its truck, bus, pickup and passenger tires because of higher raw materials costs and persistently high fuel prices.
July 31, 2008Intermodal Volumes Fall for Week
Intermodal traffic for the week ended July 26 fell from year-ago levels, the Association of American Railroads said in its weekly report.
August 1, 2008Goodyear’s 2Q Profit Rises on International Sales
Goodyear Tire & Rubber Co.’s second-quarter profit rose to $75 million, or 31 cents a share, from $56 million, or 26 cents, in 2007 as stronger international sales offset a slip in the North American market, the company said Thursday.
July 31, 2008Coast Guard Sets First Dates For TWIC Card Requirement
The U.S. Coast Guard has begun setting dates when truckers and others who enter ports in ports must have the government-issued Transportation Worker Identification Credential, or TWIC, that is meant to prevent terror attacks on the docks.
July 31, 2008