Express companies are a reliable bellwether of economic health. In difficult times, their customers either reduce shipments or switch to slower, less expensive modes. And if further evidence were needed of the slowdown in the US economy and its increasing impact on the rest of the world, then fourthquarter figures from FedEx provide it.
Read MoreAmtrak [national railway] is branching out in pursuit of new income to stay in business, from souvenirs to cell phone service, real estate development to express package delivery. Last year, Amtrak’s Mail and Express division generated dlrs 122 million – 6 percent of the railway’s total revenue.
Read MoreUPS Logistics Group has agreed to acquire a 75% stake in Uni-Data AG, a leading logistics provider for the high-tech industry in Europe. Terms of the cash transaction were not disclosed. UPS anticipates the acquisition will be profitable but that it will have a negligible impact on earnings.
Read MoreMaersk Logistics USA Inc. announces O’Neill & Whitaker acquisition
Read MoreRenewed romours concerning a possible DHL Worldwide Participation in Airbourne Express.
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