Financial

DHL exceeds forecasts for 2009

Deutsche Post DHL generated underlying EBIT of €1.47 billion in the full year 2009, exceeding its November forecast of at least €1.35 billion.

(Mar 9, 2010)

CEVA delivers solid results despite recession

Following a challenging first quarter, CEVA has reported solid and progressive results across the remainder of 2009, with full year revenues down just 13.2% compared with 2008.

(Mar 3, 2010)

International improvement in Q4 boosts FY figures for UPS

UPS reports that the strong performance in its international segment during the fourth quarter boosted the company's FY earnings above its original guidance.

(Feb 3, 2010)

Drewry publishes carriers’ financial stress index

A new report from Drewry Shipping Consultants reveals that only two of the carriers tracked in the financial stress index are operating above the "distress zone".

(Feb 2, 2010)

Recession bites IdleAire

IdleAire - the US company that provided heating, cooling, electrical outlets and communications at truck stops, has ceased operations effective January 29th.

(Feb 1, 2010)

Dallas Logistics Hub files Chapter 11 petition

DLH Master Land Holding (DLH) and its parent company Allen Capital Partners (ACP), developers of the 6,000-acre Dallas Logistics Hub, have filed voluntary Chapter 11 petitions in Dallas to reorganise their debts.

(Jan 27, 2010)

“We’re here to stay”, says bankrupt Japan Airlines

Japan Airlines (JAL) will remain airborne despite filing for bankruptcy protection on Tuesday, along with two subsidiaries: Japan Airlines International and JAL Capital.

(Jan 21, 2010)

Bankrupt trucker claims to be “financially sound”

Despite facing a number of lawsuits and having filed for bankruptcy last week, Oklahoma-based Arrow Trucking has reactivated its website and is advertising for drivers to join "one of the country's largest and most financially sound flatbed motor carriers". Sharon Gill reports ...

(Jan 15, 2010)

Japan Airlines on brink of bankruptcy

Carrying the burden of around ¥1.5 trillion in debt, Japan Airlines is expected to file for bankruptcy as early as next week.

(Jan 15, 2010)

FedEx Q2 net income drops 30%

FedEx reports that positive momentum in the global economy and continued execution of its business strategy drove volume growth across all its transportation segments in the second quarter.

(Dec 18, 2009)