Traffic World articles from April 2005

Traffic World archives from April 2005

Doing nothing: it's a maxim that seems to be a new business truism. Do nothing, executives in transport and logistics industry tell us, to give the customer reason to leave.(Editorial)
April 4, 2005... In a services industry so dependent on large-scale, industrial contracts, it's become a guiding principle discussed amid the transport world's mega-mergers and other changes in the business landscape. In all that change, the executives lecture,...

Truckers are sending signals.(Brief Article)
April 4, 2005... Truckers are sending signals that the high-flying economy may be starting to dip. U.S. Xpress Enterprises said higher fuel prices and a seasonal downturn will lead to losses for the first quarter. Its fuel costs are about 30 percent higher...

Canadian National Railway.(Brief Article)
April 4, 2005... Canadian National Railway and Norfolk Southern unveiled a routing system to improve transit times and asset utilization at key gateways such as Chicago, New Orleans and Memphis, Tenn. "This agreement will improve our interline coordination and...

Dana issues warning.(Brief Article)
April 4, 2005... Auto parts maker Dana is showing the flip side of the country's upbeat report on durable goods orders, warning its profits will be weaker because high steel prices are making it hard to get parts from its suppliers. The Ohio-based company...

Retailers that sell 'hot' fuel can actually reap more profit.(Brief Article)
April 4, 2005... Next time you hit the gas station for a fill-up, don't forget your thermometer. That's the word from Owner-Operator Independent Drivers Association, which says temperature variances between climates are altering the volumes, and...

'Antiquated' broker bond must be raised.(Letters)(Letter to the Editor)
April 4, 2005... In response to Jeffrey G. Tucker's letter in the March 7 issue of Traffic World ("Don't Raise Broker Bond"), I find it truly amazing that legitimate, honest brokers would object to raising the antiquated level of the required broker bond to a...

Textbook consolidation.(Letters)(Letter to the Editor)
April 4, 2005... Your editorial in the March 14 edition ("Scaling Up") is one of your best. It speaks of carrier consolidation from a factual, yet humorous perspective. I particularly liked the statement that CF was "worth more dead than operating"...

Don't threaten smaller brokers.(Letters)(Letter to the Editor)
April 4, 2005... I read with great interest the letter by Jeffrey Tucker, CEO of Tucker Co. ("Don't Raise Broker Bond") in the March 7 Traffic World addressing the issue of broker bonds being increased to $300,000-$500,000. My company is on both sides of...

They just hate trucks.
April 4, 2005... The last couple of weeks have not been good ones for the trucking industry. The deliberations on the highway bill made one thing manifestly clear: If you're a politician, it's pretty easy--and safe--to hate trucks. I first became aware of...

Braking for fuel.(Cover Story)
April 4, 2005... A steep runup in diesel prices drained some half a billion dollars from the trucking industry in the last month, sending motor carriers and shippers searching for new ways to cut soaring transportation costs and spending and prompting new...

UPS pilots vote on strike: carrier, union set accelerated contract talks, company sees 'typical union rhetoric' in vote.
April 4, 2005... The increasingly confrontational negotiations between UPS and its pilots' union will go into extra sessions next month, this time with the potential for a strike threat hanging over the talks. After failing to meet the first quarter 2005...

Roadability, state by state: tired of waiting for federal action, labor, truckers are turning to states for chassis safety reform.
April 4, 2005... Stymied by federal inaction and frustrated by failed industry attempts at compromise, labor and trucking groups are asking states b to place responsibility for intermodal chassis safety squarely on the shoulders of ports or shipping lines. ...

Plugging spending 'leaks': building more roads doesn't necessarily improve mobility for freight or motorists, analyst says.
April 4, 2005... The highway bill may finally break free from congressional gridlock this year, but will i,t help break gridlock on the nation's highways? Not unless portions of the multi-billion dollar spending bill that don't improve the "mobility" of...

IATA picks Lavin as lobbyist.(International Air Transport Association)(Brief Article)
April 4, 2005... The International Air Transport Association hired a top Federal Aviation Administration official in an attempt to raise its profile in Washington. Geneva-based IATA hired Douglas E. Lavin, who was the FAA's assistant administrator for...

Port caucus names new leader.(Brief Article)
April 4, 2005... A congressional caucus designed to bring attention to port security has new leadership. The bipartisan, bicameral group's leaders for the 109th Congress are Sen. Susan Collins, R-Maine; Sen. Daniel Inouye, D-Hawaii; Rep. Dutch...

NTSB to publish safety journal.(National Transportation Safety Board )(Brief Article)
April 4, 2005... The National Transportation Safety Board unveiled a transportation safety journal. The first edition of the journal, which is to be published biannually, is called "Journal of Accident Investigation" and includes pieces by House...

A wholesale recovery: surging imports help wholesaler-distributors complete rebound as demand for warehouse space skyrockets.
April 4, 2005... A surge of imports from Asia and a boom in coastal warehouse leasing are rejuvenating the wholesale-distribution industry. "The wholesaler-distributor market in 2004 had a blockbuster year" said Adam J. Fein, president of Philadelphia-based...

Yellow keeps CRM close to home.(Yellow Transportation Inc.)(Customer relationship management)(Brief Article)
April 4, 2005... While some companies are taking advantage of cheap labor and telecommunications technology to outsource customer service operations, at least one U.S. company is keeping customer service closer to home. Yellow Transportation recently...

APICS to launch certification.(Brief Article)
April 4, 2005... APICS The Association for Operations Management is raising its profile in the logistics world with the launch of a certification program for supply chain management executives. The Certified Supply Chain Professional designation is aimed at...

PWC, Trans-Link wed, share markets.(PWC Logistics)(Brief Article)
April 4, 2005... PWC Logistics, based in Kuwait, purchased Trans-Link Group of Singapore in a move that extends the reach of each company's organization to the other's markets. Trans-Link, specializing in exhibition and event logistics and supply chain...

USF backs out of reverse logistics.(USF Logistics Services Inc.)
April 4, 2005... Chicago-based USF Logistics Services sold its reverse logistics unit, USF Processors, in Dallas, to Carolina Logistics Services after deciding to refocus its supply chain efforts on core markets. Carolina, an Inmar company, provides reverse...

Hitting the ground: shippers looking for the impact of the air express industry's modal shift can find it on the highways.(Special report: air cargo update: surface solutions)
April 4, 2005... When DHL announced a little more than a year ago that it would spend some $1.2 billion to get into the huge U.S. air express market, the investment was notable for one glaring omission: the lack of airplanes. Certainly, the global express...

Airlines kick the cube: proposal to change cubic volume standard scrapped as carriers fail to win international, shipper approval.
April 4, 2005... Shippers can claim a victory in their "cube wars" with carriers. In something of a whimpering end to a controversy that roiled relations between air carriers and their customers, the airline industry scrapped a proposal to change the way...

AirNet boosts express revenue: but rising fuel costs choke profits as check shipping business declines.(AirNet Systems Inc.)(Brief Article)
April 4, 2005... AirNet Systems' efforts to boost its express service and remake its busiess model are bearing fruit with healthy revenue gains in 2004. The company garnered $13.4 million in revenue from its express services in the fourth quarter 2004, a...

Covenant slows, won't reverse: truckload carrier faces loss as shippers divert, says customers 'test resolve' on rate increases.(Covenant Transport Inc.)
April 4, 2005... Covenant Transport is trying to adjust its operations as it faces an apparent shipper backlash to rising truckload rates and strong competition from alternatives in the market for longer haul transport. The Chattanooga, Tenn.-based carrier...

Swift bolsters corporate leadership.(appointments)
April 4, 2005... Swift Transportation is bringing in leadership from outside the company at what industry observers say is a critical time for the nation's largest truckload carrier by fleet size. In a series of executive-level moves last week,...

FedEx freight expands: new, larger service centers add capacity, help expand next-day, second-day services.
April 4, 2005... FedEx Freight added four services centers and expanded another to meet growing demand for overnight service throughout the United States. "Increasing capacity remains an important business goal as FedEx Freight continues its long-term...

Canada rails work on labor: CN settles year-long dispute with electrical workers while CP seals three-year deal with auto union.(Canadian National Railway Co.)
April 4, 2005... Canada's two major railroads are trying to strike labor agreements almost as rapidly as the carriers are coping with the country's strong freight demand. Canadian National avoided a strike by the International Brotherhood of Electrical...

UP boosts director pay: raises retainers by $30,000, citing Sarbanes-Oxley; sees better 1Q, but little change in service, capacity.(Union Pacific Corp.)
April 4, 2005... Union Pacific found a cure for executives who claim Sarbanes-Oxley-induced headaches: forget aspirin, give them more money. UP's outside board members recently got a $30,000 boost in their annual retainer to reflect their heightened...

Mark Yeager to head Hub Group.(appointments)(Brief Article)
April 4, 2005... Intermodal marketing giant Hub Group named Mark Yeager president and chief operating officer, taking the reins from Thomas Hardin, who was named president of rail affairs. Yeager will oversee Hub Group's sales, intermodal, and highway and...

Boston connects to China: direct service to China gives New England exporters, importers all-water alternative to congested landbridge.
April 4, 2005... Five years ago, the Port of Boston was on its knees. When the Vessel Sharing Agreement operated by Maersk Sealand, P&O Nedlloyd, Hapag-Lloyd and OOCL collapsed, Mediterranean Shipping Co. was the only carrier offering international service to...

Barge operators seek preemption.
April 4, 2005... Groups representing waterways operators and tanker companies are petitioning to join a federal lawsuit filed against the Commonwealth of Massachusetts that could have a far-reaching impact on state attempts to regulate barge traffic. The...

Continental adds Dixie to its box.(Continental Holdings Inc.)(Brief Article)
April 4, 2005... Continental Holdings is thinking inside the box these days. The Richmond, Va.-based real estate and investment firm purchased Dixie Box & Crating, a packaging supplier for international and domestic shippers, from the Dixie Group for an...

Maersk to drop Halifax, Miami.(Maersk SeaLand)(Brief Article)
April 4, 2005... Maersk Sealand will drop Halifax and Miami from its East Coast call list next month as the ocean carrier consolidates Mediterranean services. Maersk was the eighth largest shipping line customer of the Canadian gateway port last year,...

Ceres Terminals.(appointments)(Brief Article)
April 4, 2005... Ceres Terminals and Yusen Terminals, subsidiaries of the NYK Group, appointed two key executives. Bruce E. Cashon was appointed senior vice president of marketing and development, responsible for the marketing and business development of both...

Dana.(appointments)(Brief Article)
April 4, 2005... Dana, a Toledo, Ohio-based, $9. l billion auto parts manufacturer, named George D. Wilkinson vice president of global logistics. Wilkinson had been executive director of global logistics at General Motors, where he had advanced through 20 years...

Watkins Motor Lines.(appointments)(Brief Article)
April 4, 2005... Watkins Motor Lines, Lakeland, Fla., promoted Mitzi Gibson to regional express manager at its Shreveport, La., facility. A 17-year industry veteran, she was hub supervisor at the facility. Gary Grygier joined as an account executive in...

Transport Industries Holdings.(appointments)(Brief Article)
April 4, 2005... Transport Industries Holdings, Dallas, named Raymond Greer CEO, replacing John Anderson, who remains chairman of the transport and logistics company. Greer has been president and CEO of reverse logistics specialist Newgistics and before that...

Ensenda.(Appointments)(Brief Article)
April 4, 2005... Ensenda, a San Francisco-based logistics provider named lack McGovern chief financial officer. A 26-year financial industry veteran, he had been chief operating officer and CFO for Integrated Biosystems.

TW calendar.(Calendar)
April 4, 2005... APRIL 6-8. 9th Annual Northeast Trade & Transportation Conference (CONECT), Providence, R.I. (508) 481-0424 or www.conect.org. 7. Hours Out of Service: The Law and Science of Trucking Hours of Service Regulation (Federal Bar...

Bill Razzouk reverses course.(Brief Article)
April 4, 2005... Bill Razzouk is back in the logistics industry, not to mention the technology industry. The former chief operating officer of Federal Express, who left the leading express carrier for the Internet world in 1996, was named CEO this month at...

National & regional averages: March 28, 2005.(Illustration)
April 4, 2005... National & Regional Averages: March 28, 2005 United States $2.249 East Coast $2.248 Midwest $2.203 Gulf Coast $2.182 Rocky Mountain $2.326 West Coast $2.483 Note: Table made...

Bankrupt shipper seeks payments.
April 4, 2005... Q: I agree with your advice to the broker who wrote you about a bankrupt shipper's trustee trying to recover payments made during the 90 days prior to the shipper's bankruptcy, that he should get with an attorney. You noted that the law...

Driven.(Brief Article)
April 4, 2005... Friends of Wal-Mart must wait until later in the highway bill process for another try at an hours-of-service amendment, but they still scored a win in the House bill. Late in the game, the company's hometown of Bentonville, Ark., won $34...

AHEM.(Brief Article)
April 4, 2005... The House Transportation and Infrastructure Committee should think about acronyms before naming a new program. A big deal in the highway bill is the section on Projects of Regional and National Significance, otherwise known as PORNS. We hear...

Served.(Brief Article)
April 4, 2005... There's a loose trucking industry tie to the corporate fraud cases in the courts these days. Bernard Ebbers, the former chief of WorldCom convicted last month of federal fraud charges, has a stake in truckload carrier KLLM Transport Services,...

HOS.(Brief Article)
April 4, 2005... They're cracking down on hours of service in Europe. Police in Switzerland arrested a German truck driver who hauled a load for three days with only five hours sleep. We're surprised to see the details of the HOS law there: seems the guy was...

Hauled back.(Brief Article)
April 4, 2005... One trucking executive says the secret to transportation profitability in any field is backhaul. Maybe that's why his company doesn't deliver to Washington, D.C. "There's nothing outbound except hot air."

Tanked.(Brief Article)
April 4, 2005... Faced with soaring diesel costs, one trucker we know says the company's fuel hedging program is down to its very last element. "All we've got left," he says, "is we don't serve California."

Going global: for the transportation and logistics industry in the United States, globalization is a double-edged sword. Operators who have a hand in moving the goods that come into the United States from abroad are swimming in new and growing business.(Editorial)
April 11, 2005... Companies that specialize in an entirely domestic economy may have an entirely different view. For them, the move of manufacturing from Massachusetts and Indiana to Chengdu and Mumbai is an entirely different matter, and the shells of factories...

A busy start to 2005.(Weekly Perspective)(Brief Article)
April 11, 2005... A busy start to 2005 prompted Norfolk Southern Railway to add capacity by buying 50 additional locomotives. "Record volume growth over the past 18 months and continuing strong demand for rail transportation make this a great investment for...

Tom Ridge has a job.(Weekly Perspective)(Brief Article)
April 11, 2005... Tom Ridge has a job. RFID supplier Savi Technology added the former secretary of the Department of Homeland Security to its board of directors. The technology company said Ridge will bring vast knowledge and insights to the post, knowledge...

Cooling orders.(This Week)(new factories sprout up)(Brief Article)
April 11, 2005... A pair of reports from the country's factories suggest the blistering economy may be cooling off. The Institute for Supply Management's manufacturing index of 55.2 in March was a slight pullback, suggesting manufacturing is still growing....

"The U.S. textile industry need relief from Chinese imports on the soonest date allowed".(This Week)(Brief Article)
April 11, 2005... The flood gates are open. Apparel imports from China are surging, posting a more than 60 percent jump over last year's first quarter, preliminary data shows. China saw increases across three-quarters of the categories in the first quarter, with...

Re-regulation by the gallon.(Commentary)
April 11, 2005... If you liked undercharges, you'll love the fuel surcharge bill. The fuel surcharge provision inserted in the dark of night in the House version of the highway bill by the Owner-Operator and Independent Drivers Association will re-regulate...

Broker bonds.(Letters)(Letter to the Editor)
April 11, 2005... In its response to my opposition to raising broker bonds (April 4, "Antiquated' Broker Bonds") the Owner-Operator and Independent Drivers Association ignored my points and seemed to lump me in as a dishonest, illegitimate "bad actor." ...

Calling for crackdown.(Cover Story)
April 11, 2005... Regulators of a trucking industry rocked in the last year by changing work rules and a deepening driver shortage are calling for a broad crackdown on safety aimed at ridding the roads of "unscrupulous trucking companies." The head of the...

CSX wins hazmat ban delay.(CSX Corp)(Brief Article)
April 11, 2005... A federal judge delayed a decision on a proposal requiring hazardous materials to be rerouted around the city of Washington until at least April 20 while he tries to broker a deal between the city and CSX. Enforcement of the ban, which was...

Where's the incentive? Lack of specified C-TPAT benefits frustrates shippers; CBP's Bonner stresses need for tighter requirements.(Government & Regulation)(Customs Trade Partnership Against Terrorism)
April 11, 2005... Shippers are asking where the "partnership" is in the Customs-Trade Partnership Against Terrorism. The Bureau of Customs and Border Protection released revised rules for the C-TPAT program without a list of specific benefits C-TPAT offers...

Attacking Seaway tolls: shippers, lawmakers are fighting Bush plans to levy tolls on ships plying the St. Lawrence Seaway.(Government & Regulation)
April 11, 2005... Differing visions for the future of the Saint Lawrence Seaway are pitting the United States against Canada, members of Congress against the White House and some shippers and carriers against all of them. At stake are tolls some say are...

CSX nominates Breaux to board.(CSX Corp)(Brief Article)
April 11, 2005... Former Sen. John Breaux, who took a strong interest in transportation, energy and tax issues during his 32 years representing Louisiana in the U.S. House and Senate, was nominated to the board of directors of CSX. The CSX board will vote...

PHMSA to post fines on Internet.(Pipeline and Hazardous Material Safety Administration)(Brief Article)
April 11, 2005... Federal transport regulators are no longer merely fining shippers, carriers and others who violate federal hazardous materials rules. Adding some stigma to its penalties, the new Pipeline and Hazardous Materials Safety Administration will...

Logistics: a real life saver: 'life science' logistics poses new challenges; technology helps ship organs, vaccines safely.(Logistics & Technology)
April 11, 2005... Few shipments are as perishable as human organs--which limits the distance organs used in transplants may be shipped. But technology and new logistics services are pushing at those limits. AirNet Systems just completed the first...

Correction.(Correction Notice)
April 11, 2005... The March 28 edition of Traffic World incorrectly stated the 2004 revenue of Ozburn-Hessey Logistics. The company reported $396 million in revenue last year.

Trucking logistics units expand: Yellow Roadway, Schneider Logistics add strategic facilities in China, .(Logistics & Technology)
April 11, 2005... Yellow Roadway and Schneider Logistics are adding new weight to their global logistics operations with the addition of new strategic facilities. Yellow Roadway purchased Shanghai's GPS Logistics, giving Yellow a freight management foothold...

Tech's congestion relief: technology firm WhereNet provides RFID prescription for port congestion symptoms.(Logistics & Technology)(radio frequency identification)
April 11, 2005... Wireless tracking provider WhereNet couldn't stop the flood of imports clogging America's ports even if it wanted to, but the company claims its new Marine Terminal Solution can relieve congestion by improving throughput and visibility. ...

Stretching the dollar: globalization of trade is stretching supply chains, and the financing services shippers need to tap into global markets.(Special Report: SUPPLY CHAIN FINANCE)
April 11, 2005... Imagine a day when third-party logistics providers can use a single Web-based application and see all their customers' goods in the supply chain--on the dock, in the container, yard, warehouse and truck--manage movement of the shipments and pay...

Quality's driving goals: bulk trucker carries $10.7 million in red ink, says driver recruiting efforts start to pay off.(Transportation: Trucking)
April 11, 2005... Quality Distribution, the largest tanker truck operator in North America, is stepping up efforts to attract new drivers just as it is projecting a strong surge in new business. Quality President and CEO Tom Finkbiner said the company was...

Universal loads up growth: newly public truckload carrier expands revenue, says more acquisitions will build more scale.(Transportation: Trucking)
April 11, 2005... Universal Truckload Services followed a highly lucrative initial public offering by reporting that its revenue nearly tripled last year and that more growth is on the way. The Warren, Mich.-based company said in its first annual report as...

C.H. Robinson faces suits.(C.H.Robinson Worldwide inc)(Brief Article)
April 11, 2005... Trucking and logistics company C.H. Robinson Worldwide faces trials as early as this summer on lawsuits claiming the company discriminated against female employees in pay and promotion. A federal judge late last month certified two...

Growing Mullen buys Tenold.(Canadian trucker Muller Transportation)(Tenold Transportation Inc)(Brief Article)
April 11, 2005... Canadian trucker Mullen Transportation says its purchase of Tenold Transportation pushes the company deeper into the value-added field of transport and logistics services. British Columbia-based Tenold extends its flatbed truckload and LTL...

Unlocking capacity: managing rail car location data could be worth millions of dollars to industry starved for capacity.(Transportation: Rail& Intermodal)
April 11, 2005... Improving access to car location information for better freight management could unlock millions of dollars worth of badly needed rail capacity. Accomplishing that, however, remains one of the rail industry's biggest challenges. The...

Intermodal cylinders firing: growth in intermodal volume far outpaces carload growth in first quarter, adding to strain on capacity.(Transportation: Rail & Intermodal)
April 11, 2005... Intermodal volumes surged in the first quarter, while carload shipments managed only small gains, further evidence that the shift to intermodal is on. Intermodal volume grew 8.3 percent in the first quarter of 2005 over the same period...

CP, CN hike fees, reservations.(Canadian Pacific Railway)(Canadian National Railway)(Brief Article)
April 11, 2005... Canadian Pacific Railway will increase the fee covering import/export containers requiring set off at any U.S. border crossing from $500 to $750 per container effective April 25. The increase will recover the cost to CP for removing rail cars...

Sailing to Wall Street: strong dry-bulk market propels Diana Shipping to ride maritime industry's growing IPO wave.(Transportation: Maritime)(Initial public offerings)
April 11, 2005... Diana Shipping, riding a surge of historically high dry-bulk vessel charter rates, completed the latest in a recent wave of maritime industry initial public offerings, sailing smoothly onto the New York Stock Exchange last month. The...

TACA raises canal fee.(Trans-Atlantic Conference Agreement)(Brief Article)
April 11, 2005... Members of the Trans-Atlantic Conference Agreement are raising the fee for vessel transits of the Panama Canal from $115 per container to $165 per container. The ocean-carrier group said the increase is necessary to offset the additional...

Seattle, Tacoma surge: Asian growth drives TEUs to Washington ports while Portland's volume dives in January, February.(Transportation: Maritime)
April 11, 2005... The numbers through February tell the Pacific Northwest port story: Seattle and Tacoma are racing ahead, while Portland is lagging. Driven by the strength of Asian trade and fears about congestion and equipment shortages at Southern California...

Oklahoma pulls back barge law.(Transportation: Maritime)(Brief Article)
April 11, 2005... An Oklahoma state legislator withdrew a bill that would have challenged federal jurisdiction by regulating commercial vessels on the Arkansas River in the state. Rep. Ray Miller wouldn't rule out introducing the measure, the Vessel Safety...

Wallenius Wilhelmsen sets sail: shipping line shows plans for environment-friendly ro-ro cargo ship powered by solar sails, fuel cells.(Transportation: Maritime)(Wallenius Wilhelmsen Lines A/S)(Brief Article)
April 11, 2005... The late, great Age of Sail will resume in 2025, if Wallenius Wilhelmsen has its way--but it will look different. Sunlight and energy generated by waves, wind and fuel cells will propel cargo ships, with no emissions and no ballast water,...

NYK plans fleet, logistics buildup.(Nippon Yusen KK)(Brief Article)
April 11, 2005... NYK Group said it plans to add 220 vessels to its fleet in a bid to push yearly earnings to nearly $1 billion by early 2008. The Tokyo-based company said it is targeting consolidated revenue of $18 billion, operating profit of $1.6 billion...

Asian shippers slam rate hikes: shippers council warns carriers against further trans-Pacific rate increases, congestion surcharge.(Transportation: Maritime)
April 11, 2005... Asian shippers, frustrated by logistics bottlenecks on the U.S. West Coast and the rising cost of trans-Pacific transportation, are rebelling against higher rates. A coalition of Asian shipper organizations fired a shot across the bow of...

Shares at a cost: DHL lost $638 million in the U.S. last year, but the growing share and service raise hopes.(Transportation: Air & Expedited)(Dhl Usa)
April 11, 2005... The United States proved to be a very costly place for DHL in 2004. The company tallied in the United States about $638 million in red ink in the first full year since it acquired Airborne and entered the domestic expedited market. ...

February's lower altitude: air cargo business weakened by fuel, economy; industry sees 2005 traffic trends improving.(Transportation: Air & Expedited)
April 11, 2005... With the first quarter of 2005 barely over, the air cargo industry is seeing some dark clouds on the horizon and for the air carriers that cloud increasingly is colored by oil. A flagging global economy and surging fuel costs helped spark a...

Atlas Air names CFO, gains hours.(Transportation: Air & Expedited)
April 11, 2005... Atlas Air Worldwide Holdings named a new chief financial officer as the world's largest operator of 747 freighters saw improvement in its core aircraft outsourcing business in its ongoing efforts to return to financial health. The parent...