Economic slump hits major cargo carriers

12/16/2008 | · USA Today

Overnight delivery services like UPS and FedEx have become proxies for the U.S. economy. UPS alone counts 6% of the U.S. GDP in its system at any given moment, according to's Ted Reed, who recently rode along with a veteran driver to get a feel for the economy in Charlotte, N.C. Like many of its customers, UPS has been stung by the recession, reporting a 10% decline in net income for the third quarter. FedEx, meanwhile, slashed its 2009 earnings outlook based on "significantly weaker macroeconomic conditions." And DHL, once seen as a serious competitor, has largely pulled out of the U.S. market, leaving some 9,500 employees without jobs.

View Full Article in: · USA Today

Published in Brief:

SmartBrief Job Listings for Transportation

Job Title Company Location
Ground Service Equipment Manager, Americas
Menzies Aviation
Dallas, TX
Airport Services Training Instructor
Spirit Airlines
Miramar, FL
Manager of SMS (Stations)
Allegiant Travel Company
Las Vegas, NV
Manager Technical Purchasing and AOG
JetBlue Airways
Long Island City, NY, NY
Press Secretary
Aerospace Industries Association
Arlington, VA