Traffic World articles from August 2007

Traffic World archives from August 2007

Target Honors J.B. Hunt Transport Services, Inc. with the 2006 Domestic Carrier of the Year Award.
August 1, 2007... LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT - News) today announced the Company has been recognized by Target Corporation (NYSE: TGT - News), one of the world's largest general merchandise discount retailers,...

Manufacturing Growth Slows.
August 1, 2007... BYLINE: Thomas L. Gallagher Economic activity in the manufacturing sector expanded in July at a slower pace than in the previous month, according to a survey of supply executives for the latest Manufacturing ISM Report On Business. The...

Holmes Takes Reins at UPS Freight.(Brief article)
August 1, 2007... UPS Freight Senior Vice President of Operations Jack Holmes was named president of the UPS LTL subsidiary, replacing former Overnite Transportation executive Gordon Mackenzie, who is retiring Sept. 10. The move did not come as a surprise,...

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Frozen Food Express Losses Grow.(Financial report)
August 1, 2007... BYLINE: Thomas L. Gallagher Temperature-controlled trucking company Frozen Food Express Industries had a large operating loss in the second quarter, primarily due to adjustments to insurance claims and severance pay as the company stepped...

EGL Shareholders OK Merger.(Brief article)
August 1, 2007... At the company's annual meeting Tuesday in Houston, Texas, shareholders of EGL approved the merger with CEVA Group. Upon closing Aug. 2, if all conditions are met, EGL will become a wholly owned indirect subsidiary of CEVA. Under the terms...

Rail Tie Numbers Weaken.(Brief article)
August 1, 2007... BYLINE: John D. Boyd The slowdown in track work by North American railroads got slower in June, as a big monthly drop in rail crosstie purchases left tie usage so far this year running 12.7 percent behind the 2006 pace. The Railway Tie...

Hong Kong to Test U.S. Scanning.(Brief article)
August 1, 2007... BYLINE: R. G. Edmonson Customs and Border Protection announced that Hong Kong has agreed to participate on a limited basis in the Secure Freight Initiative. Modern Terminals in the port will scan containers for radiation and make x-ray...

Grand Alliance Extends Agreement.(Brief article)
August 1, 2007... The four member lines of the Grand Alliance, which was founded in 1998, announced on Wednesday that they have extended their consortium agreement for an additional 10 years. The alliance, which is the largest integrated consortium in...

British Airways Fined for Price-fixing.(Brief article)
August 1, 2007... BYLINE: Bruce Barnard LONDON - British Airways, Europe's third largest carrier, is bracing for fines of up to $400 million in the United States for its part in an international airline cartel that rigged cargo prices. The airline on...

ILA Asks for Dismissal.(International Longshoremen's Association)
August 1, 2007... BYLINE: Joseph Bonney BROOKLYN, N.Y. -- A U.S. District judge heard several hours of arguments but did not immediately rule Tuesday on whether to dismiss a civil racketeering lawsuit that seeks to oust top officials of the International...

Tacoma-NYK Deal Slammed.(Tay Yoshitani)
August 1, 2007... BYLINE: Bill DiBenedetto SEATTLE -- Tay Yoshitani, Port of Seattle chief executive, said a move by the Port of Tacoma to lure NYK Line away from Seattle with a new $300-million terminal is a "very serious blow" to the relationship between...

ANA Cargo Revenue Gains.(Financial report)
August 1, 2007... BYLINE: Hisane Masaki All Nippon Airways Co., Japan's second-largest carrier, announced on Tuesday that international cargo revenue increased 20 percent in the first fiscal quarter. "ANA group's international cargo services performed...

Maersk Delays Australia Peak Surcharge.(Brief article)
August 1, 2007... Maersk Line announced that it will delay by one month implementation of a peak season surcharge for the southbound route connecting Europe, the Middle East, South Asia and Oceania. The surcharge, part of the carrier's business plan for...

ASTAR Acquires Aircraft.
August 1, 2007... BYLINE: Thomas L. Gallagher ASTAR Air Cargo, in a move to expand following the collapse of their bid for fellow DHL carrier ABX, finalized terms to purchase two DC-8-73 aircraft. The planes have long-range capabilities and come with a...

Genesee & Wyoming Net Drops.(revenue report)(Financial report)
August 1, 2007... BYLINE: Thomas L. Gallagher There was nothing Genesee & Wyoming could do this year to bring its net income into a range comparable with the results of the sale last year of its operations in Australia. Hurricane losses in Mexico also...

Singapore Air Profit Falls.(Financial report)
August 2, 2007... BYLINE: Thomas L. Gallagher Singapore Airlines revenue hit a record in the second quarter, but the lack of one-off gains booked last year and a loss in the cargo division pulled net income down 26 percent. Group revenue rose 5.9...

ATA Wants Drug Clearinghouse.(American Trucking Associations)(Brief article)
August 2, 2007... BYLINE: John Gallagher The American Trucking Associations urged Congress to fund a centralized clearinghouse for positive drug and alcohol testing results of commercial motor vehicle drivers to aid carriers during the hiring process. ...

Pacer Shifts Upper Management.(Pacer International appointments)(Brief article)
August 2, 2007... BYLINE: Thomas L. Gallagher Pacer International made some major changes in upper management in an effort to streamline operations, strengthen its core intermodal business and increase product integration across business units. The 3PL...

Adobe to Drop FedEx Kinko's Link.(Adobe Systems Inc.)(FedEx Kinko's Office and Print Services)(Brief article)
August 2, 2007... Adobe Systems will remove a link to FedEx Kinko's on new software scheduled for release in October. The San Jose-based software maker introduced the link in June for its popular Reader and Acrobat software. The button provided users with a...

Diana Shipping Doubles Income.(revenue report)(Financial report)(Brief article)
August 2, 2007... BYLINE: Thomas L. Gallagher Bulk cargo carrier Diana Shipping doubled income in the second quarter by sending out more vessels at higher charter rates. Net income in the second quarter was $26 million, compared with $13.2 million in...

Trinity Profit Falls 20 Percent.(revenue report)(Financial report)
August 2, 2007... BYLINE: Thomas L. Gallagher Profits for railcar maker and lessor Trinity Industries fell 20 percent in the second quarter as the company divested a failing business and settled litigation in another. Net income for the second quarter...

Shippers Wary of Security Bill.(Brief article)
August 2, 2007... BYLINE: Thomas L. Gallagher In response to the passage last week of the Implementing Recommendations of the 9/11 Commission Act by both the House and Senate, the National Association of Chemical Distributors said some of the bill's...

Con-way Freight Chief Security Officer Honored by American Trucking Associations.(Curtis J. Shewchuk receives 2007 Security Council Leadership Award)
August 2, 2007... Curtis J. Shewchuk Wins 2007 Security Council Leadership Award ANN ARBOR, Mich. ' Aug. 1, 2007 ' Con-way Freight Chief Security Officer Curtis J. Shewchuk was recently presented with the Security Council of American Trucking Associations'...

OAG Cargo Announces Key Management Appointments.
August 2, 2007... Mike Navin has been appointed Managing Director of OAG Cargo to spearhead the next stage of development for the fast-growing communications portal for the global air cargo industry. This follows the acquisition of OAG earlier this year by...

Statement of ARTBA President & CEO Pete Ruane Regarding the Interstate 35W Bridge Collapse Near Minneapolis.(American Road and Transportation Builders Association)(Brief article)
August 2, 2007... "Bridges can be rebuilt and roadways repaired, but lives touched by tragedy can never be wholly repaired.  On behalf of the 5,000 public and private sector members of the American Road & Transportation Builders Association, we express deep...

CKYH joins MSC on Med Service.(Mediterranean Shipping Co.)("K" Line and Yang Ming)(Brief article)
August 2, 2007... Cosco, "K" Line and Yang Ming are teaming up with Mediterranean Shipping Co. to introduce a new service from the western Mediterranean to the U.S. East Coast in September. The service, which will be called TAS-6, will replace the current...

Wilhelmsen Earnings Jump.(revenue report)(Financial report)
August 2, 2007... BYLINE: Bruce Barnard Wilhelmsen, the operator of the world's biggest car carrier fleet, reported a 15 percent increase in second-quarter profit, but admitted that it's struggling to keep pace with demand from automakers. The...

B.C. Ports Guarantee Truck Rates.
August 2, 2007... BYLINE: Courtney Tower New guarantees of pay for harbor truckers at the ports of Vancouver and Fraser River, British Columbia, took effect on Thursday under a federal regulation that aims to promote stability of port services. Truckers...

Price-fixing Fines Push KAL into Red.
August 2, 2007... Korean Air on Thursday reported a quarterly net loss after it agreed to pay $300 million in fines for conspiring to fix flight prices. The U.S. Justice Department said Wednesday that British Airways and KAL agreed to pay separate $300...

Northwest, Pilots Reach Pact.(Northwest Airlines Corp.)(Brief article)
August 2, 2007... Northwest Airlines Corp. and its pilots reached an agreement that would ease pilots' workloads in an effort to stop the end-of-the-month cancellations that have plagued the airline. Northwest was forced to cancel hundreds of flights in late...

CEVA Completes EGL Purchase.(Brief article)
August 2, 2007... CEVA Group completed on Aug. 2 its acquisition of EGL. As a result of a merger transaction, EGL is now a wholly owned indirect subsidiary of the UK-based global logistics company owned by affiliates of Apollo Management. EGL's former...

House Passes Water Bill.(Brief article)
August 2, 2007... BYLINE: R. G. Edmonson WASHINGTON -- The House, despite a presidential veto threat, approved the conference report for the $21 billion Water Resources Development Act of 2007 (H.R. 1495) in a 381-40 vote. Rep. James Oberstar, D-Minn.,...

Congress Moves to Help Minnesota.(Brief article)
August 2, 2007... The state of Minnesota could receive $250 million for the emergency reconstruction and repair of the Interstate 35W bridge that collapsed Wednesday, killing several people and severing a major transportation route into downtown Minneapolis. ...

Orders Grew, Shipments Fell in June.(Brief article)(Statistical data)
August 2, 2007... BYLINE: Thomas L. Gallagher New orders for manufactured goods in June, up four of the last five months, increased $2.7 billion or 0.6 percent to $419.5 billion, said a preliminary report from the U.S. Census Bureau. The resurgence followed...

Patriot Net Soars.(Patriot Transportation Holding Inc. revenue report)(Financial report)(Brief article)
August 2, 2007... BYLINE: Thomas L. Gallagher Patriot Transportation Holding boosted neat earnings 32 percent in the quarter ended June 30. The increase came despite decreasing freight demand and corresponding pricing softness. Acquisitions added to the...

Quality Distribution Acquires Boasso.(Boasso America Corp.)(Brief article)
August 3, 2007... BYLINE: Thomas L. Gallagher Quality Distribution agreed to acquire all of the outstanding stock of Boasso America for approximately $60 million. The combination of Quality's bulk transportation business and Boasso's tank container and...

Werner Settles Hiring Dispute.(Werner Enterprises Inc)(Brief article)
August 3, 2007... BYLINE: Thomas L. Gallagher Werner Enterprises reached a favorable settlement agreement with CRST Van Expedited in a lawsuit concerning the hiring and training of drivers. CRST, a truckload carrier with 1,500 trucks, filed suit against...

Deutsche Post Profits Surge.(Financial report)(Brief article)
August 3, 2007... BYLINE: Thomas L. Gallagher The second quarter for Deutsche Post , the German mail and logistics group that owns DHL, was more profitable than the first. Net income rose 13.1 percent in the second quarter to 285 million euros ($392...

Trailer Bridge Names Director.(Douglas E. Schimmel appointed)(Brief article)
August 3, 2007... BYLINE: Thomas L. Gallagher Trailer Bridge appointed Douglas E. Schimmel to the company's board of directors, bringing the current number of board members to seven. The appointment reestablishes compliance with NASDAQ rules requiring...

Cathay Pacific Cargo Adds Texas Flights.(Brief article)
August 3, 2007... BYLINE: Thomas L. Gallagher Cathay Pacific Cargo will add three additional weekly frequencies at DFW International Airport this summer, bringing their freighter service up to daily. Cathay has more than doubled its service to the...

President Signs Transport Security Bill.(George Bush)(Brief article)
August 3, 2007... BYLINE: Thomas L. Gallagher One week after passage in Congress, President Bush signed into law on Aug. 3 the "Implementing Recommendations of the 9/11 Commission Act of 2007." While the law nominally requires 100 percent scanning of...

House Corrects SAFETEA-LU.(Safe, Accountable, Flexible, Efficient Transportation Equity Act of 2005: A Legacy for Users)(Brief article)
August 3, 2007... BYLINE: Thomas L. Gallagher The House on Wednesday evening overwhelmingly approved H.R. 3248, a bill to make technical corrections to the Safe, Accountable, Flexible, Efficient Transportation Equity Act-A Legacy for Users. SAFETEA-LU...

EU Hits U.S. Scan-All Bill.(Brief article)
August 3, 2007... BYLINE: Bruce Barnard The European Union has launched a strongly worded attack on Washington's plan to scan all ocean containers shipped to the United States from foreign ports, saying it would disrupt global trade without reducing the...

UPS Makes Progress with Central States.(United Parcel Service of America Inc.)(Central States Pension Fund)
August 3, 2007... BYLINE: Thomas L. Gallagher UPS says it is making progress in talks with Central States Pension Fund but the company says it has no agreement to pull out of the trucking industry multi-employer pension plan.   During a temporary...

Rail Traffic Declines.(Brief article)
August 3, 2007... BYLINE: Thomas L. Gallagher Freight traffic on U.S. railroads, both railcars and intermodal, was off again during July, the Association of American Railroads said. In Canada, rail carloads picked up slightly. Canadian intermodal traffic...

BA Cargo Results Drop.(Financial report)
August 3, 2007... BYLINE: Bruce Barnard LONDON - The cargo unit of British Airways, reeling from a $200-million fine levied this week by the U.S. Department of Justice for colluding with rivals to set fuel surcharges, said first-quarter revenues shrunk to...

Ports Expect Record Peak.
August 3, 2007... BYLINE: Bill Mongelluzzo LONG BEACH, Calif. -- North American ports are gearing up to handle record container volumes in August and again in October, but they should make it through the peak shipping season without experiencing any...

OOCL Profit, Volume Grow.(Orient Overseas International Ltd.)(Financial report)
August 3, 2007... BYLINE: Peter T. Leach Orient Overseas (International) Ltd., the Hong Kong-based parent of Orient Overseas Container Line, on Friday reported profit for the first half of 2007 of US$2.22 billion compared with $280.5 million in restated...

ACL Bumps Tank Demurrage.(American Commercial Lines L.L.C. )(Brief article)
August 6, 2007... BYLINE: Thomas L. Gallagher American Commercial Lines last week increased per day demurrage charges for liquid shipments by 15 percent.  "We are adjusting our demurrage charges for our tank barge fleet in response to the continued...

USF Glen Moore Names Executives.(appointment of Phil Nelms and Tim Dull )(Brief article)
August 6, 2007... USF Glen Moore, an operating unit of YRC Regional Transportation, named Phil Nelms vice president of operations. Tim Dull will become manager of recruiting and orientation. Nelms is a 38-year veteran of the trucking industry with a record...

Nichiha Picks Saddle Creek.(Brief article)
August 6, 2007... Nichiha USA selected Saddle Creek, a Lakeland, Fla.-based 3PL, to manage warehousing, distribution and transportation requirements for its new $78-million-dollar manufacturing facility currently under construction in Macon, Ga.  ...

MARAD Bargains for U.S. Mariners.(Maritime Administration)(Brief article)
August 6, 2007... BYLINE: Thomas L. Gallagher Specifics of an agreement between the U.S. Department of Transportation Maritime Administration and Woodside Natural Gas may become conditions of a deepwater port license for the transporter of natural gas. ...

Averitt Receives Carrier of the Year Award from Rheem.(Averitt Express Inc.)(Brief article)
August 6, 2007... COOKEVILLE, Tenn. (August 3, 2007) - Averitt Express was honored recently with the 2006 Carrier of the Year award from Rheem Manufacturing. Rheem presented the award in recognition of Averitt's efforts to uphold Rheem's high service...

TMCA to Launch Resource Library Through Partnership With Emerald Management.(Transportation Marketing and Communications Association)(Brief article)
August 6, 2007... (MINNEAPOLIS) - The Transportation Marketing & Communications Association (TMCA) recently announced it soon will be launching an online searchable database of relevant marketing, communications and sales articles and research for its members....

Minn. Bridge Bill Cleared for White House.(Brief article)
August 6, 2007... The House of Representatives on Friday voted 421-0 to approve up to $250 million in emergency transportation funds to help Minnesota recover from the collapse of the I-35W bridge last week. Late Saturday night, the House accepted a Senate...

VIT Converts to ULSD.(Virginia International Terminals)(ultra low-sulfur diesel fuel)(Brief article)
August 6, 2007... BYLINE: Thomas L. Gallagher Virginia International Terminals on July 31 completed its first month of operation using ultra low-sulfur diesel fuel. The switch comes nearly three years ahead of a federally-mandated change for ports to...

Savi Licenses E-Seal Program.(Savi Technology Inc.)(Brief article)
August 6, 2007... BYLINE: Thomas L. Gallagher Six companies will use Savi Technology's RFID program for electronic cargo seals in an effort called for by U.S. anti-terror regulations. Savi Technology, a Lockheed Martin company, agreed to license...

Smith to Build Electric Trucks.(Smith Electric Vehicles)(Brief article)
August 6, 2007... BYLINE: Thomas L. Gallagher British manufacturer Smith Electric Vehicles plans to launch a factory in the United States that will begin producing battery powered trucks in early 2008. Smith began selling its all-electric, highway-ready...

TransForce to Buy Courier.
August 6, 2007... BYLINE: Thomas L. Gallagher TransForce Income Fund, a Canadian transportation and logistics company, issued a letter of intent to acquire all outstanding shares of Century II Holdings. Toronto, Ontario-based Century II generated...

JAL Cargo Revenue Up.(Japan Airlines Company Ltd. revenue report)(Financial report)(Brief article)
August 6, 2007... BYLINE: Hisane Masaki Japan Airlines on Monday said operating revenue from international cargo services increased 1.4 percent in the April-June quarter from the same period a year ago to 44.4 billion yen ($370 million) on a consolidated...

U-Freight Opens Warehouse.(Brief article)
August 6, 2007... U-Freight, the Asia-based freight services group, has opened a full-service logistics facility in Hong Kong.   The company's third such facility in Hong Kong is operated by wholly-owned subsidiary, U-Freight Logistics. The 60,000...

Geodis Profit Tumbles.(revenue report)(Financial report)(Brief article)
August 6, 2007... BYLINE: Bruce Barnard Geodis, one of Europe's top logistics companies, reported first-half operating profit fell by over a third from the same period in 2006 as it digested the cost of integrating TNT Freight Management , the global air...

Pattullo to Head CEVA, EGL.(Brief article)
August 6, 2007... BYLINE: William Hoffman CEVA Group, the former logistics unit of Netherlands-based TNT, completed its acquisition of air and ocean forwarder EGL while adding a big-name executive from a foreign competitor as its new CEO. John Pattullo...

ABX Buys Extended-Range Aircraft.(ABX Air )
August 6, 2007... BYLINE: Thomas L. Gallagher ABX Air agreed to purchase its first extended-range aircraft for its charter service. The Boeing 767-200 comes from Air China Limited along with two Pratt & Whitney JT9D-7R4E engines. After conversion from...

Diesel Climbs 1.2 Cent to $2.898.(Brief article)
August 6, 2007... BYLINE: Thomas L. Gallagher The average price of a gallon of diesel climbed 1.2 cent during the last week to $2.898, according to the U.S. Energy Information Administration. While diesel was stabilizing, the price of a barrel of crude...

Trailer Bridge Reduces Losses.(revenue report)(Financial report)(Brief article)
August 7, 2007... BYLINE: Peter T. Leach Trailer Bridge reported a second-quarter loss of $1.9 million on revenues that climbed by 18.5 percent, compared to a net loss of $9 million in the same quarter a year ago. The Jacksonville-based tug-barge...

Expeditors Earnings Jump 16 Percent.(Expeditors International of Washington Inc. revenue report)(Financial report)(Brief article)
August 7, 2007... Expeditors International of Washington increased earnings 16 percent in the second quarter with growth in all segments of the business. Total revenue of $1.26 billion was up 11 percent due to increases in air and ocean freight forwarding...

TIA Designates Forty-two Professionals as Certified Transportation Brokers.(Transportation Intermediaries Association)
August 7, 2007... Alexandria, VA - The Transportation Intermediaries Association, the professional organization of the $114 billion third party logistics industry, has designated 42 industry professionals with its Certified Transportation Broker (CTB)...

National Truck Driving Championships to Host Charity Drives.(Brief article)
August 7, 2007... (Arlington, VA)--The trucking industry will kick off the 2007 National Truck Driving Championships with two charity drives aimed at helping both those in the local Minneapolis community and nationwide. The trucking industry will join with...

Bush Signs Minn. Bridge Bill.(Brief article)
August 7, 2007... The President on Monday put his signature on the emergency bridge repair bill that the House passed unanimously over the weekend. H.R. 3311 authorizes additional funds for emergency repairs and reconstruction of the Interstate I-35W bridge...

Air France/KLM Cargo Jumps 7 Percent.
August 7, 2007... Cargo traffic at the Air France/KLM Group jumped 6.9 percent in July, the best showing this year. The European airline group said the expansion, more than double the 2.4 percent increase in capacity, confirmed a "rebound" in long-stagnant...

NLM Names Carrier Executive.(National Logistics Management promoted Robert "Bob" Robertson )(Brief article)
August 7, 2007... National Logistics Management on Aug. 6 promoted Robert "Bob" Robertson to senior manager of the NLM carrier development group, effective immediately. Robertson will be responsible for managing all policies, programs and staffing of the...

Fraport Profit Grows 6 Percent.(revenue report)(Financial report)(Brief article)
August 7, 2007... BYLINE: Thomas L. Gallagher Fraport, which manages airports in Europe, India and Latin America, increased revenue and group profit through solid gains in its cargo and passenger business. Group revenue in the first half of the year...

CMA CGM Adds Car Containers.(Trans-Rak)(Brief article)
August 7, 2007... BYLINE: Thomas L. Gallagher CMA CGM will add two hundred 40-foot car-carrying containers to its fleet in late August. The new equipment, outfitted with a system of sliding, retractable ramps, is capable of carrying up to four vehicles of...

U.S. Xpress Retains Financial Advisor.(U.S. Xpress Enterprises )(Brief article)
August 7, 2007... BYLINE: Thomas L. Gallagher U.S. Xpress Enterprises this week took a further step in considering an offer to buy the company for $20 per share. The independent committee of the board of directors retained Wachovia Securities as...

Panama Boxship Transits Increase.(Brief article)
August 7, 2007... BYLINE: Peter T. Leach The Panama Canal Authority said the average time it takes a vessel to pass through the waterway declined during its third fiscal quarter ending June 30, when there was also a small decrease in the number of transits,...

Norfolk Southern, Trainmen Reach Pact.
August 7, 2007... Norfolk Southern Railway Co. and the Brotherhood of Locomotive Engineers and Trainmen on Tuesday announced that they have reached a tentative agreement on a new contract that runs through 2014. The Norfolk, Va.-based company said the pact...

Cargolux Adds Freighter.(Cargolux Airlines International S.A.)(Brief article)
August 7, 2007... Cargolux Airlines International accepted a 747-400 freighter from Boeing on Tuesday in Luxembourg. The aircraft arrived from Seattle fully loaded with cargo. It is the 15th 747-400 in the Cargolux fleet. "We have operated the B747-400F for...

Pacer Net Drops.(Pacer International revenue report)(Financial report)(Brief article)
August 8, 2007... BYLINE: Thomas L. Gallagher Improved intermodal volumes increased Pacer International's revenue but couldn't add to operating income or profit in the quarter ended June 29 this year. Revenue increased 3.6 percent, to $474.9 million...

Eagle Bulk Shipping Grows.(Eagle Bulk Shipping revenue report)(Financial report)(Brief article)
August 8, 2007... BYLINE: Thomas L. Gallagher Eagle Bulk Shipping will more than double its fleet size subsequent to a second quarter in which the company increased profit 27 percent. Net income in the second quarter grew to $11.9 million on gross time...

Bush Nominates FMC Chairman.(Federal Maritime Commission)(A. Paul Anderson)(Brief article)
August 8, 2007... President Bush has nominated A. Paul Anderson to be chairman of the Federal Maritime Commission. Anderson, if confirmed, would serve his second term on the five-member panel, through 2012. Anderson was appointed to the commission in...

Ahern takes No.2 Customs Job.(Jayson P. Ahern )(Brief article)
August 8, 2007... BYLINE: R. G. Edmonson Jayson P. Ahern on Monday assumed the duties of deputy commissioner of U.S. Customs and Border Protection. Word of Ahern's promotion had spread three months ago, but he officially took the No. 2 position in...

Polar Sale Boosts Atlas Earnings.
August 8, 2007... BYLINE: Thomas L. Gallagher Atlas Air Worldwide Holdings quadrupled net income in the second quarter on the strength of a DHL investment in its Polar Air Cargo subsidiary. Revenue for the quarter totaled $370.4 million, up 1.1 percent...