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TRUCKING INDUSTRY NEWS * USA & Canada - DHL to End U.S. Ground and Air Domestic Operations
Will Focus on International; Move Will Trim 9,500 Jobs
USA -Transport Topics -10 Nov 2008: -- DHL Express said Monday it will end its U.S. domestic services in January and focus on its international shipping business... As part of the move, which will reduce its U.S. operating costs by more than 80%, DHL said it will close its U.S. ground hubs and reduce the number of stations from 412 to 103... Beginning Jan. 30, DHL’s U.S. Express business will focus entirely on its international offerings and will discontinue its domestic-only air and ground services, but the company said it will keep a “strong international presence and capability” in the United States... DHL will cut 9,500 U.S. jobs on top of the approximately 5,400 positions already reduced since January, and will retain 3,000 to 4,000 U.S. employees in its Express unit, tailored to the needs of international customers, the company said... (Photo: DHL Americas) * Canada - Trimac’s 3Q Income Improves
Canada -Transport Topics -10 Nov 2008: -- Transportation firm Trimac Income Fund’s third-quarter net earnings improved to C$7.6 million, or 24 cents per unit, from C$5.7 million, or 19 cents, a year ago... Revenue rose to C$88.8 million, from C$882 million, Trimac said in a statement... The company does not include its U.S. operations in its publicly stated earnings, which only encompass Trimac Income Fund and its Canadian operations...
posted by Unknown @ 4:23 PM
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