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TRUCKING INDUSTRY NEWS * USA
* UPS reports profit decline, lowers outlook
UPS Inc., the world’s largest shipping carrier, said Tuesday its profit fell nearly 21 percent in the second quarter despite a more than 6 percent increase in sales
Atlanta,GA,USA -The Associated Press/The Trucker, by HARRY R. WEBER -22 July 2008: -- ... The company also lowered its outlook for the year amid a slumping U.S. economy... Executives said they were taking several initiatives to control costs, including freezing hiring in non-sales jobs... UPS, hit by an average daily volume decline in the U.S. and soaring fuel costs, said its profit was $873 million, or 85 cents a share, in the second quarter, compared to a profit of $1.10 billion, or $1.04 a share, for the same period a year ago. Revenue grew to $13 billion from $12.2 billion... (Photo: UPS is able to pass higher fuel costs on to customers as a fuel surcharge on shipments. However, the surcharge increases have not kept pace with rapidly rising fuel prices) * DHL updates EasyShip software
USA -fleetowner -Jul 21, 2008: -- DHL has introduced the latest version of its EasyShip shipping software. According to the company, EasyShip Connect 8.0 allows customers to access shipping functions--including printing waybills, tracking shipments and shipment management reporting--to both U.S. and international destinations... New features on EasyShip Connect include multi-piece air shipping on a single waybill, USB scales connectivity, enhanced Puerto Rico shipping services and additional documentation tools, DHL said. ... It also can now accept a pre-filled ITN for U.S. Dept. of Commerce Electronic Export Information (EEI) compliance...
* Forward Air’s 2Q Earnings Improve
Greeneville,TN,USA -Transport Topics -21 July 2008: -- Forward Air Corp. said its second-quarter profit rose to $12.1 million, or 42 cents a share, from $11.5 million, or 38 cents, a year ago... Revenue jumped 30.5% to $121.6 million, the company said late Monday...Labels: trucking industry news USA
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