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UPS says market conditions impact Q2 revenue
Current economic conditions—such as fuel costs and low consumer spending—continued to take a toll on the bottom line for UPS, with the company announcing today that income for the second quarter was down 20.9 percent —at $873 million—compared to last year.
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CEVA Logistics rolls out new integrated business model
Global third-party logistics (3PL) services provider CEVA Logistics unveiled a corporate restructuring earlier today in which four regional vice presidents will be charged with running the company’s integrated Contract Logistics and Freight Management businesses. Click here to continue
Ocean cargo: NOL makes play for Hagag-Lloyd—shippers not happy
Another example of ocean carrier consolidation came with news yesterday from Singapore that Neptune Orient Lines (NOL) is making an “indicative non-binding offer” for Hapag-Lloyd.
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Gas tax may need to increase to prevent Highway Trust Fund shortfall
A few months after Presidential candidate John McCain proposed suspending the federal tax on motor fuels from Memorial Day to Labor Day, it appears that member of Congress may be considering raising the tax. Click here to continue
Diesel prices
Diesel prices were down 4.6 cents this week to $4.718 per gallon, coming off of two weeks of record high prices. This week's price is 182.9 cents higher than the price last year at this time. Click here to continue
Rails oppose increase in truck size/weights
 Efforts to increase federal truck size and weight limits (Notice, July 11) has another opponent, the
Association of American Railroads (AAR). Citing federal statistics, a statement issued by AAR President Ed Hamberger charged that trucks weighing over 80,000 pounds pay only about half of their highway cost responsibility. Click here to continue
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