UPS Lowers Earnings Estimate, Sending Stock to Five-Year Low
UPS Inc. lowered guidance on its second-quarter earnings by about 15%, less than one week after FedEx Corp. posted its first quarterly loss since 1997, demonstrating that even the two largest corporations in North American freight transportation, with the most far-reaching global footprints, are ultimately not immune to the continuing struggles of the all-but-stagnant U.S economy.
June 30, 2008Daily Briefings from Transport Topics
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Diesel Dips 4.4¢ to $4.648 a Gallon
The fuel price express took a holiday last week, as the average price of diesel dipped 4.4 cents a gallon to $4.648, and the price of gasoline declined for the first time in three months, according to the Department of Energy.
June 30, 2008Roadcheck Shows Improved Safety Compliance, CVSA Says
The Commercial Vehicle Safety Alliance said that its recent Roadcheck ’08 three-day safety check yielded the lowest out-of-service rate in two decades.
June 27, 2008May Truck Tonnage Jumps 3.3% From a Year Ago
Truck tonnage in May jumped 3.3% from a year earlier, marking the seventh straight year-over-year increase, American Trucking Associations said.
June 27, 2008Rail, Intermodal Traffic Decline for Week
Rail and intermodal traffic both plunged for the week ended Saturday compared with a year ago, in part due to Midwest flooding, the Association of American Railroads said Thursday.
June 26, 2008South Korea Lifts Ban on U.S. Beef
South Korea lifted a ban on U.S. beef imports Thursday, following weeks of protests in that country against such a move, the Associated Press reported.
June 26, 2008Letters to the Editor: Fuel Price Crises, Drug Clearinghouse, Fighting Back, Authority
With sightings of $5 diesel looming in some states, the fuel surcharge is a necessary ingredient to help offset the weekly fuel cost increases.
June 25, 2008ATA Calls for Reliable Oil Supply
An American Trucking Associations official urged Congress and the Bush administration to implement a comprehensive plan to increase domestic oil supplies and ensure an affordable supply of oil for the nation’s 3.5 million truck drivers.
June 25, 2008Minn. Bridge Has Half of Its Concrete Sections
Workers on Tuesday put into place the 60th of 120 concrete sections on the new Interstate 35W bridge in Minneapolis, keeping the work on course for completion ahead of schedule, the Associated Press reported.
June 24, 2008Customs Not Likely to Meet Deadline for Screening All U.S.-Bound Containers
The federal agency charged with preventing weapons of mass destruction from entering the United States likely cannot meet a 2012 deadline imposed by Congress and requiring that all U.S.-bound cargo containers be scanned by imaging and radiation equipment before leaving foreign ports.
June 24, 2008