News on Freight Transportation

Earns FedEx

2010-03-18T07:31:03Z

In this photo made Jan. 25, 2010, a Fed Ex truck drives along the highway near Mansfield, Ohio. FedEx, the world's second-largest package delivery company, on Thursday, March 18 said its fiscal third-quarter profit more than doubled from a year earlier. (AP Photo/Amy Sancetta)

FedEx profit more than doubles, tops expectations

2010-03-18T11:01:27Z

<div><p>NEW YORK (Reuters) - FedEx Corp <FDX.N> raised its fiscal-year outlook on Thursday after quarterly profit more than doubled, with strong Asian export volumes more than compensating for flat U.S. demand.</p><p>Although the pa...

Cargo plane forced to land on frozen Estonian lake

2010-03-18T06:00:35Z

<div id="subtitle">DHL cargo plane makes emergency landing on frozen Estonian lake, 1 crew member injured</div><div><p>A cargo plane with engine and landing gear problems made an emergency landing Thursday on the frozen surface of a lake outside the Estonian capital, authorities said.</p><p>One of the six crew members suffered minor injuries and emergency workers were scrambling to empty the plane's fuel tanks before it polluted the lake, which is the main sou...

Crash of 2 freight trains kills 1 near Pittsburgh

2010-03-16T08:32:19Z

<div id="subtitle">2 freight trains crash near Pittsburgh; 1 dead, some diesel fuel leaked into creek</div><div><p>Two freight trains owned by a U.S. Steel subsidiary crashed near a Pittsburgh-area plant early Tuesday, killing one person and causing cars on one train to derail.</p><p>The cause of the crash at the company's Edgar Thompson Works in Braddock, east of Pittsburgh, is being investigated.</p>&...

Canadian Postal Code and Route Mapping

2010-03-15T20:02:49Z

Postal code and route mapping in Canada is a little different from that of the States. In fact, they are undergoing a change in the way they handle their street addresses. One example of this, is in the Burlington area. Most of this area is a part of Rural Route #2 Milton, and Rural Route #6 Milton, and then still Rural Route #3 Campbellville for their mail delivery.<br><br>But, while t...

Union Pacific CEO seeing signs of better business

2010-03-12T15:15:09Z

<div id="subtitle">Union Pacific CEO seeing signs of business strength, some good indications for economy</div><div><p>The CEO of Union Pacific said Friday that shipments carried by the nation's biggest railroad are stronger than expected this year, but are still a long way from full recovery.</p><p>In an interview with Finland is able to benefit from an effective transport infrastructure that consolidates its strategic position as a gateway for international freight to Russia and the Baltic. Finland's transportation system includes both an efficient rail and road network,used by a great number of freight forwarders and shipping companies. Finland's own internal system for distributing goods and se...

Sex offender with letter carrier job reassigned

2010-03-10T17:15:11Z

<div id="subtitle">Calif. sex offender with letter carrier job reassigned to post that doesn't deal with public</div><div><p>A letter carrier who is a registered sex offender has been reassigned after concerns were raised that he was delivering mail in a San Diego suburb with many children, a Postal Service spokeswoman said Wednesday.</p><p>Dana Kennette, 53, ...

Rep. Gubernatorial Candidate Meg Whitman Tours Union Pacific Rail Terminal

2010-03-09T13:33:59Z

OAKLAND, CA - MARCH 09: California republican gubernatorial candidate and former eBay CEO Meg Whitman (R) looks at a map with Union Pacific VP of Public Affairs Scott Moore (L) following a roundtable discussion following a tour of the Overseas Shipholding Group completes 3.5M share offer; collects $158.7 million in proceeds</div><div><p>Oil tanker operator Overseas Shipholding Group Inc. said Tuesday it has collected $158.7 million in proceeds from its offering of 3.5 million common shares at $45.33 each.</p><p>Overseas Shipholding Group said it will use the funds for capital exp...

Calif Governor Race Whitman

2010-03-09T13:32:40Z

Meg Whitman, who is running for governor of California, attends a meeting at the Union Pacific railroad offices in Oakland, Calif., Tuesday, March 9, 2010. (AP Photo/Paul Sakuma)

Postal Service Proposes Eliminating Saturday Mail

2010-03-09T00:16:12Z

<div id="subtitle">Increased email, sagging economy, hurting USPS bottom line</div><div><p>Saturday mail delivery would become a thing of the past under a proposal by the U.S. Postal Service's Postmaster General, John Potter.</p><p>The nation's mail delivery system would also curtail overtime, continue to raise postal rates and cut its workforce by 30,000 in an effort to stem the perpetual f...

Postal workers agree deal to end long dispute

2010-03-08T17:15:58Z

<div><p>Postal workers and state-owned Royal Mail have agreed a deal to end a long-running dispute over pay and modernisation that sparked a series of walkouts last year, both sides said.</p><p>The agreement struck on Monday, which followed more than two months of talks, awards a pay rise of 6.9 percent to employees over three years, cuts the working week and gives them greater job security.<...

Rough seas may be ahead for shipping IPOs

2010-03-05T12:01:10Z

<div id="subtitle">2 shippers preparing for IPOs may encounter rough seas as investors weigh getting on board</div><div><p>Two bulk shipping companies will be competing for investors' attention next week when they are expected to go public, but analysts are questioning their ability to nab much cash.</p><p>The first company, Baltic Trading Ltd., was formed by drybulk shipper Malacca Strait, where Singapore's Navy warned that a terrorist group is planning attacks on oil tankers

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Shipper A.P. Moller-Maersk posts annual loss

2010-03-04T02:24:43Z

<div id="subtitle">Danish shipper A.P. Moller-Maersk reports an annual loss of $1.3 billion</div><div><p>Danish container shipping and oil group A.P. Moller-Maersk A/S on Thursday reported an annual loss of 7.0 billion kroner ($1.3 billion), citing a drop in global shipments of goods amid the economic crisis.</p><p>The company made a net profit of 17 billion kroner a year earlier.&...

Postal Service's emerging model: Never on Saturday

2010-03-02T18:15:19Z

<div><p>The post office is renewing its drive to drop Saturday delivery — and plans a rate increase — in an effort to fend off a projected $7 billion loss this year.</p><p>Without drastic action the agency could face a cumulative loss of $238 billion over 10 years, Postmaster General John Potter said in releasing a series of consultant reports on agency operations and its outlook.</p><p>"The projectio...

Sweeping changes needed to save US post office

2010-03-02T17:15:33Z

<div><p>The 235-year-old US Postal Service must change the way it does business or risk going belly-up as the Internet eats into the mail market, driving post office revenues down, its head said Tuesday.</p><p>"Lifestyles and ways of doing business have changed dramatically in the last 40 years," but the USPS hasn't kept up, Postmaster General John...

Post office looks to cut costs as mail dips

2010-03-02T14:33:25Z

<div><p>WASHINGTON (Reuters) - The Postal Service, faced with less mail and bigger shortfalls, plans to cut Saturday delivery and overtime, raise prices and trim its workforce by about 30,000, its chief financial officer, Joseph Corbett, said on Tuesday.</p><p>Because of e-mail and private delivery companies, traditional mail volume is expected to ...