News Briefs - April 29
The Latest Headlines:
- DHL to Relocate Headquarters to Miami
- NWA Cargo Adds Flights to Asia
- UPS Sued by Seven Mail Boxes Etc. Franchisees
- OPEC May Cut Output in June, Silva Says
- Allied Holdings Reports 1Q Net Loss
- Waste Management's Earnings Fall
- America West Cargo Adds New Features
- Report: German War Stance Could Cost Daimler Large Truck Order
- NWA Cargo Adds Flights to Asia
DHL to Relocate Headquarters to Miami
Cargo airline DHL Airways Inc. said Tuesday that effective May 15, the company is moving its corporate headquarters to Miami from Chicago.The company said in a release it would assume corporate operations at One Biscayne Tower in downtown Miami.
Chairman and Chief Executive Officer John Dasburg said it made sense to relocate because of the location of several members of DHL’s management team.
(Click here for the full press release.")
NWA Cargo Adds Flights to Asia
NWA Cargo, the cargo subsidiary of Northwest Airlines, said Tuesday it was adding additional flights and capacity to Osaka, Japan, and Seoul, South Korea, beginning June 3.Trucks are used to transfer cargo to and from airplanes.
The company said in a release the new flights would operate westbound Tuesday through Saturday. The flights will arrive in Osaka at 10:30 a.m., allowing for same-day deliveries in western Japan, the company said.
The eastbound return flight from Seoul to the United States will depart at 9:30 p.m., Northwest said, allowing customers in Korea same-day freight service. Transport Topics
(Click here for the full press release.)
UPS Sued by Seven Mail Boxes Etc. Franchisees
United Parcel Service has been sued by seven Mail Boxes Etc. franchisees that do not want to change the name of their shops to “The UPS Store,” Bloomberg reported late Monday.The parcel delivery company bought Mail Boxes Etc. in 2001, and has offered lower prices to the stores that change their name, Bloomberg said.
The suit was filed Friday in state court in Los Angeles claiming UPS violated franchise laws in multiple states.
The Atlanta-based company said its test stores that switched names reported a 70% jump in shipping, Bloomberg reported.
UPS is ranked No. 1 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies. Transport Topics
OPEC May Cut Output in June, Silva Says
OPEC Secretary-General Alvaro Silva said OPEC could vote to cut output again at a June 11 meeting if crude oil prices continue to fall, Bloomberg reported Tuesday.The cartel agreed last week to cut 2 million barrels per day beginning June 1, leaving its quota at 25.4 million barrels. The group’s oil index has declined 29% since March 10 to $23.64 a barrel on Tuesday, Bloomberg said.
Crude oil is distilled down into diesel fuel and gasoline, making it important to the trucking industry.
Silva also said that he expected Iraq to remain as part of OPEC, and could resume exports as early as June, Bloomberg reported. Transport Topics
Allied Holdings Reports 1Q Net Loss
Allied Holdings Inc., the parent of several subsidiaries engaged in providing transportation services to the automotive industry, reported a net loss for the first quarter of $5.7 million, compared with a net loss of $5.3 million in the first quarter of 2002.Decatur, Ga.-based Allied said revenues were $213.6 million in the first quarter, nearly identical to the year-earlier period.
The company said in a release Tuesday the results were negatively impacted by high diesel fuel prices and wage and benefit inflation related to its contract with the Teamsters.
Allied is ranked No. 23 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies. Transport Topics
(Click here for the full press release.)
Waste Management's Earnings Fall
Waste Management Inc., the largest domestic waste hauler, said Tuesday its first-quarter profits declined because of accounting changes, harsh winter weather and rising fuel costs.The Houston-based company said in a statement net income was $61 million or 10 cents per share, compared with a net income of $138 million or 22 per share in the year-earlier period. Revenues for the quarter were $2.72 billion, as compared to $2.61 billion last year.
The company said that volumes in late March and early April appeared to show an upturn in business.
On Monday, Waste agreed to buy collection businesses in five states and landfill operations in Oklahoma from rival Allied Waste Industries Inc. for $73 million, Bloomberg reported. Transport Topics
(Click here for the full press release.)
America West Cargo Adds New Features
America West Airlines said Monday it has added a new second-day delivery product with restructured rates, unveiled an automated Web site and increased its weight limit to 350 pounds from 300.Trucks are used to transfer air cargo on the ground.
The company said its cargo Web site, www.hpcargo.com, allows customers to track their shipments by entering up to five airway bill numbers at one time.
America West reported a 14% increase in cargo revenue in March compared with March 2002. It carried an additional 600,000 pounds of freight during the month. Transport Topics
(Click here for the full press release.)
Report: German War Stance Could Cost Daimler Large Truck Order
DaimlerChrysler AG and MAN AG, Germany’s largest truck makers, may miss out on an order for 600 trucks for the British army amid alleged U.S. pressure, Bloomberg reported Tuesday citing a German magazine.Although Daimler’s U.S.-based Freightliner unit and MAN’s ERF division were considered favorites to win the order, U.S. trade representative Robert Zoellick is pushing for Britain to consider bids from Oshkosh Truck Corp. and General Motors Corp., the article in WirtschaftsWoche said.
The decision on the order has been delayed until the end of the year from May, the magazine reported.
Bloomberg noted German Chancellor Gerhard Schroeder opposed the war with Iraq, which has strained diplomacy between the United States and Germany. Transport Topics
