International Business News - UPS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Prices at the pump are dropping fast, and gas could fall below $3 a gallon in a matter of weeks, if not sooner. Does that mean Americans will return to their heedless, gas-guzzling ways? http://www.ibtimes.com/data/articleimgs/149330-gas-price-shock.jpg http://www.ibtimes.com/articles/20081010/will-cheap-gas-mean-return-to-gas-guzzling-ways.htm http://www.ibtimes.com/articles/20081010/will-cheap-gas-mean-return-to-gas-guzzling-ways.htm Fri, 10 Oct 2008 17:03:14 EDT Trucking stocks mostly fell Wednesday amid another broader market downturn, as investors' concerns about the failing health of the global economy overshadowed a positive response to a rate cut by the Federal Reserve. http://www.ibtimes.com/articles/20081008/sector-snap-truckers-mostly-lower-with-market.htm Wed, 08 Oct 2008 13:11:34 EDT Some trucking stocks lost part of their gains Friday, while others lost ground, after the House approved the $700 billion bailout package. Most truckload carriers followed the broader market higher earlier, while less-than-truckload carriers fluctuated on continuing uncertainty over near-term demand and weakening pricing. http://www.ibtimes.com/articles/20081003/truckers-gains-moderate-after-house-oks-rescue.htm Fri, 03 Oct 2008 13:53:56 EDT Shares of shippers UPS Inc. and FedEx Corp. rose Friday amid a rally in the broader market, as the House passed a $700 billion financial rescue package for the financial sector. http://www.ibtimes.com/articles/20081003/bailout-snap-fedex-ups-shares-rise.htm Fri, 03 Oct 2008 13:45:59 EDT Some of the trucking industry's top officials--as well as executives from the railroads, technology providers and consulting agencies that work with them--will be in New Orleans this weekend for the annual conference hosted by the sector's main trade association. http://www.ibtimes.com/articles/20081003/ahead-of-the-bell-trucking-conference-set-to-open.htm Fri, 03 Oct 2008 06:10:05 EDT Two analysts lowered earnings forecasts for several trucking companies on Thursday, suggesting that trucking volumes will worsen as a key indicator points to a weaker-than-expected manufacturing activity. http://www.ibtimes.com/articles/20081002/ahead-of-the-bell-truckers.htm Thu, 02 Oct 2008 09:13:09 EDT After being driven up by hopes that freight demand might be improving, shares of most trucking companies finished the third quarter lower as investors remain uncertain about whether trends have bottomed. http://www.ibtimes.com/articles/20080930/truckers-mostly-fall-in-the-3q-amid-weak-demand.htm Tue, 30 Sep 2008 13:15:24 EDT Shares of shipping giants UPS Inc. and FedEx Corp. fell Monday amid a massive decline in the broader market after the House rejected of a $700 billion financial rescue plan. http://www.ibtimes.com/articles/20080929/sector-snap-shares-of-shippers-fall-with-market.htm Mon, 29 Sep 2008 16:01:08 EDT Shares of trucking companies fell extended declines Monday after the House rejected an emergency $700 billion emergency rescue plan. The vote was expected to be close, but widely expected to pass. Stocks plunged after the announcement, with the Dow Jones Industrials average losing more than 700 points. http://www.ibtimes.com/articles/20080929/truckers-pull-back-after-house-rejects-bailout.htm Mon, 29 Sep 2008 14:56:39 EDT The Justice Department should block a proposed deal between package delivery companies UPS Inc. and DHL Express because it would violate antitrust laws and eliminate thousands of jobs, a pair of Democratic senators said Thursday. http://www.ibtimes.com/articles/20080925/senators-government-should-block-ups-dhl-deal.htm Thu, 25 Sep 2008 17:34:36 EDT The primary trade group representing the U.S. trucking industry on Thursday urged Congress to swiftly stabilize the country's financial system, pointing to severe consequences for the sector and the broader economy. http://www.ibtimes.com/articles/20080925/trucking-group-urges-action-to-ease-financial-woes.htm Thu, 25 Sep 2008 14:52:33 EDT Total goods carried by trucks in the U.S. fell in August compared with the previous month, marking the largest month-to-month drop since March, a major industry trade group said. http://www.ibtimes.com/articles/20080925/goods-carried-by-us-trucks-declines-in-august.htm Thu, 25 Sep 2008 08:53:32 EDT Getting into the Madison Avenue Advertising Walk of Fame is so easy, even a caveman can do it. The Geico Caveman and the Serta Sheep advertising icons have been elected to the Walk of Fame in midtown Manhattan after online voting by the American public. http://www.ibtimes.com/articles/20080923/caveman-gets-into-madison-avenue-ads-walk-of-fame.htm Tue, 23 Sep 2008 08:44:07 EDT Shares of trucking companies fell Monday, as the broader market stumbled and two analysts suggested that the sector's stocks will be weighed down by weakness in near-term demand. http://www.ibtimes.com/articles/20080922/sector-snap-analysts-predict-weak-trucking-peak.htm Mon, 22 Sep 2008 12:11:29 EDT It's hard to be a trucker these days, as high fuel prices threaten layoffs and drive some carriers out of business. But new initiatives are starting to take shape as companies look to attract and retain good drivers. http://www.ibtimes.com/articles/20080919/sector-tries-to-keep-on-trucking-as-turnover-soars.htm Fri, 19 Sep 2008 15:22:50 EDT As the toll from the still-unraveling financial crisis is being counted, one analyst suggested that some trucking companies may be at risk. Longbow Research analyst Lee Klaskow said in a telephone interview that privately-held Swift Transportation Co. is likely at the most risk in the current shaky markets. The Phoenix-based company was taken private last year through a leveraged buyout by its founder, Jerry Moyes. http://www.ibtimes.com/articles/20080918/analyst-truckers-yrc-swift-risky-in-shaky-market.htm Thu, 18 Sep 2008 18:47:26 EDT FedEx Corp. said Thursday its fiscal first-quarter earnings fell 22 percent, but still met Wall Street's expectations, as cost cuts partially offset the impact of slowing global growth. http://www.ibtimes.com/articles/20080918/fedex-fiscal-1q-profit-falls-meets-views.htm Thu, 18 Sep 2008 17:25:46 EDT A Stifel Nicolaus analyst downgraded United Parcel Service Inc. Wednesday, noting its shares have risen 19 percent since early July and may not have much room left to climb. http://www.ibtimes.com/articles/20080917/ahead-of-the-bell-ups-downgraded-after-run-up.htm Wed, 17 Sep 2008 09:14:36 EDT Ohio officials told lawmakers Tuesday they have been rebuffed in their efforts to persuade DHL to consider alternatives to its proposed agreement to have UPS carry some of its air packages. http://www.ibtimes.com/articles/20080916/ohio-officials-want-alternatives-for-ups-dhl-deal.htm Tue, 16 Sep 2008 18:02:56 EDT Shares of two of the world's largest package shippers fell Tuesday, after the Federal Reserve kept a key interest rate steady at 2 percent. The Fed last lowered the federal funds rate on April 30. The last time the rate stood below 2 percent was in 2004. http://www.ibtimes.com/articles/20080916/fedex-ups-fall-as-fed-maintains-key-interest-rate.htm Tue, 16 Sep 2008 14:34:21 EDT