TSA bans cargo from California shipper. The Transportation Security Administration has ordered carriers not to take cargo from California shipping company J.H. World Express. The TSA said the firm has not addressed a series of security violations. Mar 23, 2006
ABX Air loses some of its DHL business as profits fall 18%. Although still flying profitably during difficult times for US airlines, cargo carrier ABX Air said yesterday that its failure to reach certain revenue incentives under a Hub Services Agreement with primary customer DHL was the principal cause of an 18% drop in annual net profit to $30.3 million from $37 million in 2004. Mar 20, 2006
FedEx third-quarter profits surge 35%. Growth in international express package shipments and effective yield management on the domestic air transportation front played key roles in FedEx Corp.'s strong fiscal third quarter ended Feb. 28, resulting in net income of $428 million, up 35% from the year-ago...