A senior executive with U.S. Homeland Security, Canada’s former Chief of the Defence Staff and the CEOs of road transportation associations from around the world will be among the headline guests of the Atlantic Provinces Trucking Association (APTA) when it hosts its International Transportation Summit next month in Halifax.

The event will bring world leaders in trade, transportation and border security to the World Trade and Convention Centre, October 22, 2008, for an exchange of information and ideas on the global opportunities and challenges facing the multi-modal transportation sector in the 21st century.

Peter Nelson, Executive Director of the Atlantic Provinces Trucking Association, announced today that Paul Morris, Executive Director for Admissibility and Passenger Programs, Office of Field Operations, U.S. Customs and Border Protection (CBP) will deliver a morning presentation on the Western Hemisphere Travel Initiative and the future status of in-transit freight movement in North America.

In his current position, Mr. Morris administers passenger related policy and programs for all land, air, sea, and pre-clearance ports of entry. He has oversight for several current major initiatives such as the Western Hemisphere Travel Initiative, the Electronic System for Travel Authorization, Model Ports, Global Entry, and the Advance Passenger Information System (APIS) Quick Query and has full responsibility for all systems, procedures, enforcement actions, and performance measurements related to the processing of international travelers.

Mr. Morris joins a growing list of high-profile speakers at APTA’s fall conference. “We are thrilled to have a person of his caliber come to Halifax from Washington, D.C. to address our concerns about U.S. border policy and programs,” Mr. Nelson said. Mr. Nelson also confirmed that NS Premier Rodney MacDonald is scheduled to make an appearance at the conference’s opening night reception on October 21. In addition, Charles Cirtwill, Executive Director of the Atlantic Institute of Market Studies and Rob Robichaud, President and CEO of the Greater Moncton International Airport Authority, will anchor a panel discussion on Atlantic Gateway the following afternoon.

It’s part of a full line-up of events on October 22, beginning with a presentation by Cianbro CEO Peter Vigue on his proposed billion dollar east-west toll road from Maine to Quebec. Mr. Vigue will be followed by Mr. Morris and Ray Mawhinney, Chair, RBC Asset Management Inc., who will give a timely economic outlook for the transportation sector in 2009. Maria Luisa O’Connell, President of the Canada-United States-Mexico Border Trade Alliance, will deliver an address at a noon hour luncheon, followed by two afternoon panel discussions on the Atlantic Gateway by Atlantic Canada’s transportation leaders and global challenges and opportunities by the CEOs of road transport associations representing Australia, United Kingdom and the United States.

The summit concludes with a dinner featuring General Rick Hillier as the keynote speaker. For more information, visit the APTA website www.apta.com.

Media Contact:
Peter Nelson
Executive Director
Atlantic Provinces Trucking Association

Washington, D.C. -- Today, DHL Express Global CEO John Mullen testified before the House Committee on Transportation and Infrastructure regarding the company's potential contract with UPS for domestic airlift and related services.

This pending agreement comes at a particularly difficult time - for the overall aviation industry including the air express delivery sector. The air cargo market has experienced increasing levels of excess air lift capacity, the impact of which has been substantially exacerbated by record increases in fuel prices. These record fuel prices, along with a significant slowdown in the U.S. economy have hit the domestic air express sector particularly hard. Due to this, DHL has experienced a slowdown in overnight air volumes, as have its competitors. These facts in combination with increasing costs will result in an expected $1.3 billion loss in DHL U.S. Express operations in 2008.

DHL has analyzed all realistic options and the proposed agreement with UPS is part of DHL Express' U.S. restructuring aimed at enabling the company to remain a viable competitor in the U.S. market while continuing to service its customers. This type of airlift arrangement is common in the transportation industry.

During the hearing Mullen stated: "Customers will see no difference as DHL will continue to pick-up and deliver packages as well provide customer service just as we do today. The exchange of information between DHL and UPS will only provide data necessary for transportation from point A to point B."

Mullen again emphasized that the pending agreement would not involve any merger, acquisition, alliance, or transfer of assets between DHL and UPS. "DHL will remain fiercely competitive with UPS and FedEx."

He stressed that as DHL has cooperated and provided information to the House Committee on Transportation and Infrastructure and the House Committee on Judiciary, they will continue to cooperate with all such requests. DHL informed the Antitrust Division informally of the proposed agreement on May 28, and would cooperate fully in any investigation the Division might choose to undertake.

About DHL 
DHL is the global market leader of the international express and logistics industry, specializing in providing innovative and customized solutions from a single source. DHL offers expertise in express, air and ocean freight, overland transport, contract logistic solutions as well as international mail services, combined with worldwide coverage and an in-depth understanding of local markets. DHL's international network links more than 225 countries and territories worldwide. Some 300,000 employees, including more than 40,000 employees in the U.S., are dedicated to providing fast and reliable services that exceed customers' expectations.

 

DALLAS, Sep 17, 2008 (BUSINESS WIRE) -- Dynamex Inc. (NASDAQ: DDMX): Fourth Quarter & FY 2008 Highlights:

-- 4th Quarter sales increase 9.6% to $119 million.

-- 4th Quarter net income per fully diluted share increases 17.2% to $0.45.

-- FY 2008 sales increase 10.2%, net income per fully diluted share increases 17.6% excluding the one-time benefit in the prior year.

-- Common share repurchases total 121,000 in 4th Quarter and 222,100 in August 2008.

-- Board authorizes $20 million increase in share repurchases.

Dynamex Inc. (NASDAQ: DDMX), the leading provider of same-day delivery and logistics services in the United States and Canada, today announced net income of $4.6 million or $0.45 fully diluted net income per share for the FY 2008 fourth quarter compared to $4.1 million or $0.38 fully diluted net income per share in the prior year. For the full fiscal year ended July 31, 2008, the Company reported net income of $15.8 million or $1.53 fully diluted net income per share, compared with net income of $15.0 million or $1.39 fully diluted net income per share in the prior year. The prior year includes a one-time, after-tax benefit of $972,000, $0.09 per fully diluted share, recorded in the second quarter of FY 2007 from the resolution of prior year cross-border transfer pricing issues. Excluding that adjustment from the prior year, net income per fully diluted share increased 17.6%.

Sales increased 9.6% to $119 million this quarter compared to the prior year. The exchange rate between the Canadian dollar and the U.S. dollar was approximately 6.6% higher this quarter than the same quarter last year. The Company estimates that higher fuel surcharges account for approximately 4.3% of the increase in sales. The core growth rate per day, the rate excluding changes in fuel surcharge revenues and foreign exchange, increased 3.2% this quarter. The prior year quarter includes sales of approximately $3.9 million for services provided on an interim basis to one customer in Canada. Excluding those one-time sales, the core growth rate per day would have been approximately 6.8%.

Selling, general and administrative ("SG&A") expenses increased $1.9 million, or 8.4% compared to the same quarter last year. As a percentage of sales, SG & A expenses were 20.1% in the current year compared to 20.4% in the prior year quarter. Normal wage increases as well as additional personnel required to manage and operate new business started over the last year contributed to the dollar increase in SG&A expenses.

Operating income increased 19.2% compared to the prior year quarter. Purchased transportation costs, the largest component of cost of sales represented 65.6% of sales in the current year quarter, the same percentage as the prior year quarter. Other direct cost of sales represented 7.3% of sales compared to 7.6% last year.

Income tax expense was $3.0 million, 39.6% of income before taxes in the current year quarter compared to $2.5 million, 37.9% of income before taxes in the prior year quarter. The higher income tax rate this quarter results from the higher proportion of pre-tax income generated in the U.S. than the previous year. The Company's effective income tax rate in the U.S. was approximately 41.6% and 33.2% in Canada.

Fourth Quarter Highlights

"We are pleased with our performance for both the fourth quarter and year as we continued to deliver increased top and bottom line performance despite a very difficult economic environment and an historic rise in fuel costs," said Dynamex Chairman and CEO, Rick McClelland. "Sales increased 9.6% for the quarter and 10.2% for the year while net income per fully diluted share increased 17.2% for the quarter and 17.6% for the year, excluding the one-time benefit recorded last year. During the quarter, our margins stabilized as we expected, and should remain relatively stable during the 2009 fiscal year.

"Improving shareholder value remains one of our highest priorities and we continued our share repurchase program during the quarter, purchasing 121,000 common shares," added McClelland. "Subsequent to the end of this fiscal year, we repurchased an additional 222,100 shares reducing the outstanding share count to 9.9 million. We will continue our share repurchase program in FY 2009 using excess cash from U.S. and Canadian operations. While we anticipate the repatriation of excess cash from Canada will increase our effective tax rate in the U.S. and thus result in a reduction in net income per share for the 2009 fiscal year, we believe this action is in the best overall interest of our shareholders.

"Our outlook for fiscal year 2009 continues to be positive as we believe our variable cost business model combined with our industry leading technology and North American presence provides us with a distinct competitive advantage to sustain continued profitable growth and returns for our shareholders despite current economic challenges," continued McClelland. "We expect the Canadian dollar to decline approximately 5% versus the U.S. dollar during fiscal year 2009, which will impact both sales growth and net income per share. We expect year-over-year sales growth of between 7% and 8% and net income to range from $1.50 to $1.60 per fully diluted share for fiscal 2009 reflecting the reduction in the exchange rate, a higher effective income tax rate and the one-time, special payment of $1.5 million in the first quarter of FY 2009.

"Overall, we are pleased with our results in FY 2008 and our opportunities in the year ahead," concluded McClelland. "We have a debt free business delivering strong cash flow and bottom-line returns. I am extremely proud of our employees' contributions and dedication during the year and we are very focused on improving our performance during the current fiscal year."

 

MEMPHIS, TENN., Sept. 18, 2008 – FedEx Corp. (NYSE: FDX) will increase shipping rates for FedEx Express by an average of 6.9 percent for U.S. and U.S. export services, effective January 5, 2009.  The rate increase will be partially offset by adjusting the fuel price at which the fuel surcharge begins, reducing the fuel surcharge by two percentage points. 

Rates and surcharges for FedEx Ground also will increase for 2009.  These changes will be announced later this year.

“Customer service is a top priority at FedEx,” said T. Michael Glenn, FedEx executive vice president, Market Development.  “This pricing adjustment will allow FedEx to continue making key investments in our business so we can focus on the needs of our customers.”

Additional changes will be made to other FedEx Express surcharges effective Jan. 5, 2009.  The details of these surcharges and the new rates are available at www.fedex.com/us/2009rates.

About FedEx

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $38 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 290,000 employees and contractors to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.

 

Connect with Us!