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Air Courier News

Air Courier news continually updated from thousands of sources around the net.

1 hr ago | SmartMoney

FedEx Brakes Forecast on Fuel, Demand

“While we have dynamic fuel surcharges in place, they cannot keep pace in the short term with rapidly rising fuel prices”

With crude oil at a record closing high of $125.96 on Friday, FedEx Corp. cut its fiscal fourth-quarter earnings forecast for a second time, noting that its fuel prices have grown 7%, or $100 million, from its ... via SmartMoney

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Friday | MarketWatch

FedEx warns of lower profit, shares dip late

“While we have dynamic fuel surcharges in place, they cannot keep pace in the short-term with rapidly rising fuel prices”

FedEx Corp. warned Friday that fourth-quarter earnings are poised to come up well short of prior targets, adding that if oil prices continue to rise from this point, more damage to the bottom line could be on ... via MarketWatch

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Related Topix: Transportation, FedEx

Thursday May 8 | The Patent Trader

High fuel prices hit Atlas Air earnings

“Our business fundamentals are solid, and our performance is on track with our objectives, apart from the impact of fuel prices”

By Allan Drury The Journal News * May 8, 2008 High fuel prices and a drop in demand for cargo transport pushed Atlas Air Worldwide Holdings Inc. via The Patent Trader

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Related Topix: Transportation

Thursday May 8 | WTVM Columbus

UPS to hold annual meeting of shareholders,0135

UPS, the world's largest shipping carrier, is holding its annual meeting. The Atlanta-based company is meeting with shareholders Thursday in Wilmington, Delaware. via WTVM Columbus

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Wednesday May 7 | Earth Times

ABX Holdings to Host First Quarter Conference Call on May 14, 2008

ABX Holdings, Inc. today announced that it will host an investor conference call to review its financial results for the first quarter on Wednesday, May 14, 2008, at 10:00 a.m. Eastern time. via Earth Times

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Related Topix: Transportation

Monday May 5 | PR-inside.com

FedEx Truckload Brokerage Expands Coverage to Canada

“Since we opened our doors last year, our customers have been asking if we could handle their shipments to and from Canada”

Ryan Henary, Communications Supervisor, 234-310-4043 ryan.henary@fedex.com FedEx Truckload Brokerage, Inc., a subsidiary of FedEx Custom Critical, Inc., can now meet its customers' needs for truckload shipments ... via PR-inside.com

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Related Topix: Transportation, Trucking, FedEx

Saturday May 3 | The Tennessean

Alexander predicts 2008 grads will drive electric cars

U.S. Sen. Lamar Alexander predicted that 2008 college graduates from Tennessee will soon be driving hybrid electric cars that will charge on TVA electricity overnight. via The Tennessean

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Saturday May 3 | Brand Autopsy

Would you miss UPS?

Continuing my "Would you Miss" series ... Does UPS provide such a unique service and customer experience that we would be saddened if it didn't exist? Does UPS treat its employees so astonishingly well that ... via Brand Autopsy

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Thursday May 1 | The Canadian Press | Posted by The Canadian Press

New tentative deal reached between Purolator, Teamsters

- Purolator Courier Ltd. and the Teamsters union have reached a second tentative agreement, averting a potential strike.

Teamsters spokesman Stephane Lacroix says that with the help of a federal mediator, the company and the union reached a deal Wednesday night, 24 hours before a strike deadline.

About 10,000 Purolator truck drivers, package handlers, couriers and other workers had been poised to walk off the job at 11:59 p.m. ET Thursday, after rejecting an earlier tentative agreement reached March 27. Read more

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Related Topix: Transportation, Business News

Wednesday Apr 30 | Earth Times

FedEx Corp. Donates $1 Million to Teach For America

FedEx Corp. today awarded a four-year grant totaling $1 million to Teach For America to support its goals to grow in scale and diversity. via Earth Times

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Related Topix: Transportation, FedEx

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