Deutsche Post said Wednesday its first-quarter profit fell 18% on a writedown of a German unit and slowing U.S. economic growth that hurt its U.S. DHL division, Bloomberg reported.
May 14, 2008Business
FedEx Names Brian Philips to Head Kinko鈥檚 Unit
FedEx Corp. Wednesday named Brian Philips chief executive officer of its FedEx Kinko鈥檚 office supply division.
May 14, 2008BusinessGovernment
Oregon Police Ride in Trucks to Nab Unsafe Drivers
Oregon state and local police began cracking down this week on unsafe automobile drivers who drive near trucks, with police riding in big rigs to looking for drivers who speed, tailgate or don鈥檛 leave trucks enough room to maneuver, Portland, Ore., television station KGW reported on its Web site.
May 14, 2008BusinessLogistics
US1 Reports Higher First-Quarter Profit
Logistics firm US1 Industries said its first-quarter net income improved to $690,000, or 5 cents a share, from $370,000, or 3 cents, a year ago.
May 14, 2008BusinessGovernment
CPI Rises 0.2% in April
The consumer price index rose 0.2% in April, the Labor Department said Wednesday.
May 14, 2008BusinessSafetyEquipmentGovernment
ArvinMeritor Sets Commodity Surcharge
Auto and truck component maker ArvinMeritor Inc. said late Tuesday it will institute a monthly surcharge for components due to rising materials prices.
May 14, 2008BusinessLogistics
Contrans鈥 First-Quarter Income Declines
Canadian firm Contrans Income Fund said Tuesday its first-quarter income fell to C$5 million, or 17 cents per unit, from C$8.1 million, or 28 cents, a year ago.
May 13, 2008BusinessEquipment
Cummins Sees Continued Strong Growth in 2008
Diesel engine maker Cummins Inc. is on pace for a fifth consecutive year of record sales and profits in 2008 and is poised for 鈥渟ignificant further growth over the next several years,鈥 Chairman and Chief Executive Officer Tim Solso told shareholders at the company鈥檚 annual meeting Tuesday.
May 13, 2008BusinessSafetyGovernment
Trimac鈥檚 1Q Earnings Decline
Canada-based transportation firm Trimac Income Fund said its first-quarter net earnings fell to C$600,000, or about 2 cents per unit, from C$1.5 million, or 5 cents, a year ago.
May 13, 2008BusinessFuel
UPS Orders 200 Hybrid, 300 New CNG Trucks
UPS Inc. said Tuesday it has ordered 200 hybrid electric vehicles for its U.S. delivery fleet, which it said was the largest commercial order of such trucks by any company.
May 13, 2008