Topic: Freight Transportation
Shipper A.P. Moller-Maersk posts annual loss
AP News
Danish shipper A.P. Moller-Maersk reports an annual loss of $1.3 billionDanish 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. The ...
Postal Service's emerging model: Never on Saturday
AP Features
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. Without drastic action the agency could face a cumulative loss of $238 billion over 10 years, Postmaster General John Potter said ...
Sweeping changes needed to save US post office
AFP American Edition
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. "Lifestyles and ways of doing business have changed dramatically in the last 40 years," but the USPS ...
Post office looks to cut costs as mail dips
Reuters US Online Report Domestic News
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. Because of e-mail and private delivery companies, traditional mail volume is expected ...
Related Videos by 5min
on OneRiot
Related Photos by Flickr
