Word: freight
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...conflict between their peoples. Among many Israelis and Palestinians, the election of Abbas as Palestinian President on Jan. 9 stirred hopes of a chance to revive the peace process. But the mood of optimism was shattered, at least temporarily, when Palestinian militants last Thursday killed six Israelis at a freight-crossing point between Israel and the Gaza Strip. In response, Sharon suspended contact with Abbas' Palestinian Authority and ruled out a meeting with the new Palestinian leader until Abbas punishes the perpetrators of the attack. And yet there is sufficient respect between the two leaders that it may be just...
...Arafat's successor and, according to Israeli and Palestinian officials, said he was "looking forward to meeting with you to discuss issues." Abbas responded that they would meet soon, "God willing." Four days later, the optimism was shattered, at least temporarily, when Palestinian militants killed six Israelis at a freight crossing point between Israel and the Gaza Strip. Sharon suspended ties with Abbas the next...
...north, about 120 miles east of the Ebola River, where deep tropical forest breaks up into patches of savanna. Civil war and neglect have left the region nearly untouched by man. Overgrown dirt roads with bridges of rough-hewn logs string together thatched-roofed villages. Nearly all freight is carried in by bicycle. Locals hunt with homemade shotguns and crossbows seemingly modeled on 16th century Portuguese design. "This area is the last part of Africa where there are still wild animals," says Pontier, who grew up in the region. "It's not a game park. It's not a reserve...
...ARRESTED. KIM JONG HON, 43, South Korean businessman; following the seizure of freight containers holding 13 highly radioactive devices; on Sakhalin Island, Russia. Kim, president of South Korea's All Nations Co., was detained by Russian police for allegedly attempting to import undeclared items. The devices, according to Russian authorities, contained uranium 238, a metal used in the process of armor plating and the production of ammunition, although some experts say it could possibly be used to make dirty bombs. South Korean officials say the devices were to be used at a construction site...
...taking on smaller, European-based logistics firms like Exel and TNT but also fending off competitive pressure from Belgium-based DHL, which is making an aggressive push into the U.S. Over the past few years, UPS has spent more than $1 billion acquiring 25 companies (from a bank to freight forwarders) to become a logistics jack-of-all-trades. Just last month the company agreed to buy Menlo Worldwide Forwarding, which boasts more than $1 billion in annual revenue. "This is a big deal," says transportation analyst Brian Clancy of MergeGlobal. "It makes them a freight-forwarding powerhouse...