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TRUCKING INDUSTRY * WORLDWIDE
* USA / DC - USPS to Lose $83.2 Billion by 2016 Unless Congress Acts
(Photo)
Washington,DC,USA -The Journal of Commerce Online, by Mark Szakonyi -Mar 8, 2012: -- Agency says it can return to profitabilty if Congress allows it to undertake reforms... The U.S. Postal Service, upping the pressure on Congress to allow it to overhaul operations, said Thursday that it will lose $83.2 billion by 2016 if it doesn't receive support for reforms needed to become profitable again... The USPS wants to reduce annual costs by at least $20 billion by 2015 through the cutting of some 120,000 workers, breaking labor agreements, closing thousands of post offices, privatizing health care programs, ending Saturday delivery and stopping next-day first-class delivery. The USPS lost $3.3 billion in its first fiscal quarter, as overall mail volume dropped 6 percent and the agency had to pre-pay nearly $3.7 billion in retiree health benefits... 
* Germany - DHL Drives Deutsche Post Growth
(Photo: DHL Express new van fleet)
Bonn,Germany -The Journal of Commerce Online, BY Bruce Barnard -Mar 8, 2012: -- Profit surges at express unit as German forwarder sees strong 2012... Germany’s Deutsche Post DHL, coming off a year in which net profit fell by half because of a one time charge related to the sale of its Postbank banking unit, forecast higher revenue and profit for 2012... Revenue in 2011 increased 2.8 percent — 5.9 percent when adjusted for currency fluctuations — to $69 billion and operating earnings of $3.1 billion were up almost a third... Excluding the charges related to the Postbank sale, net profit increased more than 50 percent from 2010... DHL continued to drive earnings growth, with the express unit’s operating profit surging 55 percent to $2.2 billion, outpacing the freight and supply chain businesses...
* Canada - Courier market grows revenues by more than 9% in 2011
Toronto,ONT,CAN -Truck News (CAN), by Lou Smyrlis -Mar 12, 2012: -- The Canadian courier market reached $6 billion in 2011, according to the latest Canadian Courier Market Size Report published by Breininger and Associates... Using a combination of commentary and detailed data tables, the report explores all aspects of the size and structure of the Canadian Courier market... The substantial size of the courier market clearly indicates the important role this segment of the overall logistics sector has in Canadian businesses overall supply chain strategies and by implication, the Canadian economy as a whole...
* Belgium - The UBOT-FGTB announces an action against the 'mailboxes'
* USA - YRC Worldwide Sells Stake in Chinese Freight Hauler
Overland Park,KS,USA -The Journal of Commerce Online, by William B. Cassidy -Mar 9, 2012: -- YRC Worldwide sold its stake in Chinese trucking operator Shanghai Jiayu Logistics as it pares its business back to its North American trucking core operations... In selling its 65 percent share in Shanghai Jiayu to a Chinese partner, YRC Worldwide signaled its rejection of old ambitions to build a global footprint... According to its Web site, Shanghai Jiayu offers less-than-truckload and truckload freight services throughout China through a network of 200 subsidiaries...
Labels: truching industry news USA and Canada, trucking industry news worldwide
posted by Unknown @ 4:16 PM
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