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FedEx Corp. said it is reducing its earning estimates for its current fiscal year as significantly weaker macroeconomic conditions are expected to offset the benefits from lower fuel prices and the announced departure of DHL from the U.S. domestic package market. The revised earning estimates are $3.50 to $4.75 per diluted share from the prev...
UPS on Tuesday opened a new Asian cargo hub in Shanghai at Pudong International Airport. The company said the new facility would become "the key gateway linking China to UPS's global network." It has the largest on-site 24/7 customs inspection area in Shanghai and was built to facilitate rapid handling of express packages as well as heavy freight.Spec...
Germany's Deutsche Bahn would not comment on information from group circles according to which a privatisation will not be possible before 2010, LOGISTICS FINLAND reported. Due to the economic crisis, Deutsche Bahn will have to draw up a new financial budget for the period from 2009 to 2013. The current plan according to which Deutsche Bahn aimed to boost...
In the next year freight railway transport might decrease even 6%. The research company Progtrans claims, that product of tons moved will decrease in Germany from 7.1% in 2007 to 1.48%. In Poland it might be much worse, Railway Market reports. The biggest private rail operator, CTL Logistics, forsees that the market will shrink 3.5% this year and 2009...
Federal environmental regulators have issued final rules requiring onboard emission monitoring systems for heavy-duty vehicles. The U.S. Environmental Protection Agency rules require that 2010 and newer heavy-duty vehicles more than 14,000 pounds have onboard diagnostic systems, or OBD, installed to monitor emission control systems and detect malfu...
Trucking and logistics company Con-way said it has cut its workforce at its less-than-truckload unit Con-way Freight last Friday by about 8 percent, eliminating 1,450 jobs. The job cuts bring its workforce in line with lower tonnage volumes, which were down 3.8 percent in October and 9.2 percent in November, respectively, from last year's levels. ...
The U.S. Conference of Mayors on Monday put up its inventory of ready-to-go infrastructure projects as the competition for federal economic stimulus dollars heats up. The mayors said 427 cities have 11,391 locally approved public works projects totaling $73 billion that could be completed in two years and create more than 848,000 jobs if eme...
FedEx Corp. said it is reducing its earning estimates for its current fiscal year as significantly weaker macroeconomic conditions are expected to offset the benefits from lower fuel prices and the announced departure of DHL from the U.S. domestic package market. The revised earning estimates are $3.50 to $4.75 per diluted share from the previous g...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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