TFN NEWS BRIEFING: Aerospace and transportation highlights to 15:40 BST

TFN NEWS BRIEFING: Aerospace and transportation highlights to 15:40 BST

	Published : Wed, 25 Apr 2007 15:57 By : Agencies Print this Story

2007-04-25 15:02:00

UPS 1Q profit dips 13.5 percent

ATLANTA (AP) - UPS Inc., the world's largest shipping carrier, said

Wednesday its first-quarter profit dropped 13.5 percent due to charges related

to aging jet aircraft and a slowing U.S. economy.

2007-04-25 14:44:47

Norfolk Southern earnings fall

NORFOLK, Va. (AP) - Norfolk Southern Corp. said Wednesday its first-quarter

profit fell 7 percent, as the railroad's efforts to trim operating costs faced

weaker freight demand, especially from the automotive and housing industries.

2007-04-25 14:35:46

Stolt-Nielsen Q4 opg below forecasts on higher costs, legal fees

OSLO (Thomson Financial) - Stolt-Nielsen SA posted delayed fourth quarter

results below expectations at the operating level, as the shipping firm was hit

by a combination of higher costs and a rise in antitrust-related legal fees.

2007-04-25 14:11:20

Ryder System 1Q profit rises 8 percent

MIAMI (AP) - Ryder System Inc., which supplies trucks and logistics services

to commercial customers, said Wednesday its first-quarter profit rose 8 percent,

as the company grew its core contractual business to overcome a generally weaker

environment in the transportation sector.

2007-04-25 12:46:14

STOCKWATCH Continental higher after solid Michelin figures

FRANKFURT (Thomson Financial) - Shares in Continental AG were higher in

midday trade, discounting the 2.00 eur dividend it paid out today, as traders

pointed to much better-than-expected revenue figures released last night by

French peer Michelin, dealers said.

2007-04-25 12:09:46

EU approves 95.3 mln eur state aid for SNCB unit Inter Ferry Boats

BRUSSELS (Thomson Financial) - The European Commission said it has approved

a payment of 95.3 mln eur in aid to Belgian freight and logistics firm Inter

Ferry Boats (IFB), based on a restructuring plan to reduce the firm's capacity

and focus on its core business.