FRANKFURT — German logistics and delivery giant DHL reported second-quarter net profit of $802 million, a decline of 23.9% from a year ago, as a sluggish global economy dampened demand.
Category: News
Maersk Boosts Full-Year Guidance
A.P. Moller-Maersk, a bellwether for global trade, increased its full-year guidance due to higher freight rates caused by supply chain disruptions following attacks in the Red Sea.
Daimler Truck Cuts Outlook on Weaker Demand in Europe, Asia
Daimler Truck Holding AG lowered its outlook for 2024, following other truck makers who have trimmed forecasts on softening sales as demand in Europe and Asia weakens.
Senate Panel Approves TSA Clearance Bill for Truckers
A committee in the U.S. Senate recently approved a bill that would facilitate commercial drivers’ applications for security credentials.
Text Message Scammers Seek Fake Toll Fees in Multiple States
The FBI and tolling operators across the nation are issuing warnings about “smishing” text message scams asking people to pay fake toll charges on fraudulent websites.
Werner Spots Signs of Hope Despite Disappointing Q2
Profit dropped at Werner Enterprises Inc. in the second quarter of 2024 as revenue slid more than analysts expected on the back of continued freight weakness, although executives are seeing more room for optimism from the last few weeks.
Fed Weighs Potential Rate Cut, First in Four Years
With the end of their two-year fight against inflation in sight, Federal Reserve officials are likely July 31 to set the stage for the first cut to their key interest rate in four years, a major shift in policy that could eventually lower borrowing cos…
Tyson, JBS Set for Earnings Spike From Poultry Rebound
Companies including Tyson Foods Inc. and JBS SA, which control a sizable chunk of global meat supplies, are set to report a spike in earnings for the quarter ended in June as a rebound in poultry profits counterbalances a downturn in their US beef oper…
Transportation Jobs Up in July ADP Data; Overall Hiring Slows
US companies added the fewest number of workers since the start of the year and wage growth slowed, consistent with signs of a softer labor demand. But the transportation sector showed resilience.
Uber Partners With BYD on Putting Drivers Into 100,000 EVs
Uber will team up with BYD to put 100,000 electric vehicles onto the ride-hailing company’s platform, in a major deal between American and Chinese businesses that notably excludes the U.S.