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Feb 6, 2009

TRUCKING INDUSTRY NEWS * USA - J.B. Hunt Boosting Dividend

Lowell,AR,USA -Transport Topics -5 Feb 2009: -- J.B. Hunt Transport Services said Thursday its board approved increasing its quarterly cash dividend by a penny, to 11 cents per share... The truckload carrier said the increase will be payable to stockholders of record on Feb.12, and will be paid on Feb. 26...


* Postal Services Reports $384 Million Loss

USA -Transport Topics -5 Feb 2009: -- The U.S. Postal Service lost $384 million its first quarter, it said Wednesday... USPS attributes the loss to a drop in mail volume by 5.2 billion pieces in the quarter ended Dec. 31, compared with last year. The agency expects mail volume by the end of the fiscal year to drop by 12-15 billion pieces... Revenue fell 6.3%, or $1.3 billion, to $19.1 million, USPS said...USPS plans to cut costs in order narrow the deficit. Plans include reductions in work hours, adjusting delivery routes and offering early retirement...

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