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Yahoo! Finance: Air Delivery & Freight Services Industry News Thu, 8 May 2008 22:51:16 Etc/GMT

Expeditors hikes semi-annual dividend 14% to 16 cents (at MarketWatch)
Expeditors Announces Semi-Annual Cash Dividend of $.16 (Business Wire) SEATTLE----Expeditors International of Washington, Inc. , today announced that its Board of Directors has declared a semi-annual cash dividend of $.16 per share, a 14% increase from the $.14 per share semi-annual dividend declared in 2007.
America's Truckers Roll Out A Convoy Of Green (at Forbes.com)
UPS shareholders elect board, approve auditor (AP) UPS, the world's largest shipping carrier, says 10 members of its board of directors have been elected to a one-year term and its independent auditor has been approved by shareholders.
CORRECTING AND REPLACING UPS Board Declares Dividend (Business Wire) WILMINGTON, Del.----Add after the second graph of release: The newly elected Board, in setting its structure for the year, changed the composition of its Nominating and Corporate Governance Committee.
YRC Worldwide shares fall after analyst cuts to 'Sell' (AP) Shares of YRC Worldwide Inc. dipped Thursday, after a Stifel Nicolas analyst cut the stock to "Sell" from "Hold," saying the trucking company still has a long road to travel before earnings will improve.
FedEx holder sues board over contractor problems (Reuters) A shareholder of FedEx Corp filed a lawsuit against the package delivery company's board on Thursday alleging the directors exposed the company to damages by misclassifying employees as contractors.
Earnings roundup: InBev, Munich Re (AP) InBev SA, the brewer of Stella Artois and Beck's, posted an unexpected 11 percent drop in its first-quarter profit on Thursday, blaming rising costs for ingredients and shipping and weak sales in Brazil, where it does half its business.
UPS Shareowners Elect Board, Reappoint Deloitte & Touche (Business Wire)
Expeditors Int'l profit rises on freight, brokerage growth (AP) Expeditors International of Washington Inc. said Thursday its first-quarter earnings rose 12 percent on growth across its freight and brokerage businesses, but the results narrowly missed Wall Street's expectations.
Expeditors International posts profit gain (at MarketWatch)
Expeditors' Q1 earnings, revenue rise (at bizjournals.com)
Expeditors Announces Net Earnings Increase of 12% (Business Wire) SEATTLE----Expeditors International of Washington, Inc. , today announced net earnings of $66,472,000 for the first quarter of 2008, as compared with $59,288,000 for the same quarter of 2007, an increase of 12%.
C.H. Robinson CEO, chairman exercises options (AP) The chief executive and chairman of logistics provider C.H. Robinson Worldwide Inc. exercised options for 33,778 shares of common stock, according to a Securities and Exchange Commission filing.
ABX Holdings to Host First Quarter Conference Call on May 14, 2008 (Business Wire) WILMINGTON, Ohio----ABX Holdings, Inc. today announced that it will host an investor conference call to review its financial results for the first quarter on Wednesday, May 14, 2008, at 10:00 a.m.
Pacer International, Inc. Q1 2008 Earnings Call Transcript (at Seeking Alpha)
Pacer International 1Q profit nearly doubles, beats views (AP) Logistics and freight transportation provider Pacer International Inc. said Tuesday its first-quarter earnings nearly doubled as strength in its intermodal segment offset weakness in its logistics unit.
Brooks Brothers to sponsor St. Jude, produce special seersucker (at bizjournals.com)
[$$] Senate Blocks FAA Reform Bill (at The Wall Street Journal Online)
Pacer International Reports First Quarter 2008 Results (Business Wire) CONCORD, Calif.----Pacer International, Inc. , the asset-light North America third-party logistics and freight transportation provider, today reported financial results for the three-month period ended April 4, 2008.

Yahoo! Finance: Shipping Industry News Fri, 9 May 2008 10:57:00 Etc/GMT

A/S Dampskibsselskabet TORM : The 2008 Profit Forecast - as Upgraded on 25 April - of USD 250-270 Million Before Tax is Maintained (PR Newswire) At USD 52 million, the profit before tax for the first quarter is in line with expectations and represents an increase compared to 2007 if adjusted for TORM's gain from the sale of the Norden shareholding.
Cramer's 'Mad Money Recap': Nordic American's Juicy Dividend (at TheStreet.com)
[video] Cramer's Nordic Tanker Call (at CNBC)
Omega Navigation Enterprises, Inc. Revises the Record Date of Its First Quarter, 2008 Quarterly Cash Dividend of $0.50 per Common Share (Marketwire)
TBS International Limited Reports First Quarter 2008 Financial Results (Marketwire) TBS International Limited announced today its financial and operating results for the first quarter ended March 31, 2008.
DryShips Inc. Disclosure of Transaction (Marketwire) DryShips Inc. today announced that it has purchased 7,546,668 shares in Ocean Rig ASA at a price of NOK 45 per share from companies controlled by the Company's Chief Executive Officer, George Economou, representing approximately 4.4% of the share capital of Ocean Rig ASA.
Tsakos Energy Navigaton Announces First Quarter 2008 Financial Results Conference Call and Webcast (PR Newswire) Tsakos Energy Navigation Ltd. will report earnings for the first quarter of 2008 prior to the open of the market on Wednesday, May 21, 2008.
Show Some Respect for Shipping Fundamentals (at Seeking Alpha)
PR lawsuit targets shipping companies (AP) Shipping companies allegedly conspired to inflate prices for transporting goods to Puerto Rico and added illegal surcharges, according to an antitrust lawsuit filed in the island's U.S.
Ultrapetrol (Bahamas) Limited to Host Investor and Analyst Event (PrimeNewswire)
American Commercial Lines Inc Q1 2008 Earnings Call Transcript (at Seeking Alpha)
Eagle Bulk Shipping Incorporation Q1 2008 Earnings Call Transcript (at Seeking Alpha)
Eagle Bulk Shipping shares leap after 1Q report, new charter (AP) Shares of Eagle Bulk Shipping Inc. leapt more than 12 percent Wednesday, after the drybulk shipper reported soaring first-quarter earnings on higher charter rates and signed a vessel to a more lucrative contract.
[$$] Time to Load Up on Shipping Stocks (at RealMoney by TheStreet.com)
Paragon Shipping Inc. Schedules First Quarter 2008 Earnings Release, Dividend Declaration and Conference Call (PrimeNewswire) ATHENS, Greece, May 7, 2008 -- Paragon Shipping Inc. , a global shipping transportation company specializing in dry bulk cargoes, today announced that its financial results for the first quarter ended March 31, 2008 are scheduled to be released after the close of U.S. financial markets on Wednesday, May 14, 2008.
Omega Navigation Enterprises, Inc. Declares Quarterly Cash Dividend of $0.50 per Common Share (Marketwire)
Teekay Offshore Partners L.P. Announces First Quarter 2008 Earnings Conference Call (Marketwire)
Teekay LNG Partners L.P. Announces First Quarter 2008 Earnings Conference Call (Marketwire)
Teekay Tankers Ltd. Announces First Quarter 2008 Earnings Conference Call (Marketwire)
Teekay Announces First Quarter 2008 Earnings Conference Call (Marketwire)

Air Courier News

High fuel prices hit Atlas Air earnings
"Our business fundamentals are solid, and our performance is on track with our objectives, apart from the impact of fuel prices"

By Allan Drury The Journal News * May 8, 2008 High fuel prices and a drop in demand for cargo transport pushed Atlas Air Worldwide Holdings Inc. via The Patent Trader
UPS to hold annual meeting of shareholders,0135
UPS, the world's largest shipping carrier, is holding its annual meeting. The Atlanta-based company is meeting with shareholders Thursday in Wilmington, Delaware. via WTVM Columbus
ABX Holdings to Host First Quarter Conference Call on May 14, 2008
ABX Holdings, Inc. today announced that it will host an investor conference call to review its financial results for the first quarter on Wednesday, May 14, 2008, at 10:00 a.m. Eastern time. via Earth Times
FedEx Truckload Brokerage Expands Coverage to Canada
"Since we opened our doors last year, our customers have been asking if we could handle their shipments to and from Canada"

Ryan Henary, Communications Supervisor, 234-310-4043 ryan.henary@fedex.com FedEx Truckload Brokerage, Inc., a subsidiary of FedEx Custom Critical, Inc., can now meet its customers' needs for truckload shipments ... via PR-inside.com
Alexander predicts 2008 grads will drive electric cars
U.S. Sen. Lamar Alexander predicted that 2008 college graduates from Tennessee will soon be driving hybrid electric cars that will charge on TVA electricity overnight. via The Tennessean
Would you miss UPS?
Continuing my "Would you Miss" series ... Does UPS provide such a unique service and customer experience that we would be saddened if it didn't exist? Does UPS treat its employees so astonishingly well that ... via Brand Autopsy
New tentative deal reached between Purolator, Teamsters
- Purolator Courier Ltd. and the Teamsters union have reached a second tentative agreement, averting a potential strike.
Teamsters spokesman Stephane Lacroix says that with the help of a federal mediator, the company and the union reached a deal Wednesday night, 24 hours before a strike deadline.
About 10,000 Purolator truck drivers, package handlers, couriers and other workers had been poised to walk off the job at 11:59 p.m. ET Thursday, after rejecting an earlier tentative agreement reached March 27. Read more
FedEx Corp. Donates $1 Million to Teach For America
FedEx Corp. today awarded a four-year grant totaling $1 million to Teach For America to support its goals to grow in scale and diversity. via Earth Times
Taiwan airlines post big losses on fuel costs
"Our fuel costs rose by NT$4.5 billion to NT$15 billion."

TAIPEI, Taiwan : Taiwan's two largest airlines, China Airlines Ltd. and EVA Airways Corp. via International Herald Tribune
United Parcel Service, Inc. Q1 2008 Earnings Call Transcript
Scott Davis - " CEO Kurt Kuehn - " CFO Analysts Garrett Chase - " Lehman Brothers Jon Langenfeld - " Robert W. Baird & Company Tom Wadewitz - " JP Morgan Ed Wolfe - " Wolfe Research John Barnes - " BB&T Capital ... via Seeking Alpha