Deutsche Post AG, parent of DHL Americas, said its second-quarter profit rose 13% as its DHL Express unit increased package volumes in Asia and earned more per shipment in the U.S., Bloomberg News reported.
August 5, 2007Search
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Trailer Bridge's Losses Narrow in Q2
Trailer Bridge Inc. said Monday it lost $1.9 million or 16 cents a share in the second quarter, compared with a loss of $9 million or 76 cents a year ago.
August 6, 2007Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Frozen Food Express Post Q2 Loss
Refrigerated truckload carrier Frozen Food Express Industries said it lost $661,000 or 4 cents a share in the second-quarter, compared with a net income of $2.1 million or 10 cents a share a year earlier.
August 5, 2007Penske to Manage European Supply Chain for Bombardier
Penske Logistics has been selected as the lead logistics provider for Bombardier Transportation’s European operations, the company said Monday.
August 6, 2007N.C. Highway Use Tax Hike Fails to Pass
North Carolina legislators have adjourned without passing a proposed increase in the state’s highway use tax, the Truck Rental and Leasing Association said.
August 6, 2007July ISM Services Index Declines Sharply
The economy’s service sector growth rate experienced its largest decline in nearly two years in July, falling to 55.8 in from 60.7 in June, the Institute for Supply Management said Friday.
August 3, 2007TransForce to Purchase Canadian Courier
Canadian transportation firm TransForce Income Fund said Thursday it will purchase Century II Holdings, the parent company of Toronto-based ICS Courier.
August 3, 2007Quality to Acquire Boasso America
Tanker carrier Quality Distribution, Tampa, Fla., announced Thursday it will pay $60 million to acquire privately-held Boasso America Corp., a Chalmette, La., company that provides tanker cleaning and maintenance services, Bloomberg News reported.
August 3, 2007Unemployment Rate Rises to 4.6%
U.S. employers added 92,000 jobs in July while the unemployment rate rose to 4.6%, the Labor Department reported.
August 3, 2007June Tonnage Falls 3.4%
Freight volumes fell in June from year-ago levels for the 11th time in 12 months, American Trucking Associations reported last week, even though second-quarter U.S. economic activity rebounded nicely over the disappointing first quarter.
August 6, 2007