Truckload carrier Celadon Group said late Wednesday its fiscal first-quarter income declined from a year ago and that it will begin trading its shares on the New York Stock Exchange in November.
October 28, 2009Business, Government
Third-Quarter GDP Gains 3.5% in First Rise in a Year
The U.S. economy expanded at a 3.5% annual rate in the third quarter, marking the first increase in a year, the Commerce Department said Thursday.
October 29, 2009Business
Initial Jobless Claims Decline for Week
Initial jobless claims fell by 1,000 to 530,000 last week, while continuing claims fell to the lowest level in seven months, the Labor Department said Thursday.
October 29, 2009Business, Logistics
Kansas City Southern’s 3Q Profit Declines
Kansas City Southern said Thursday it earned $25.8 million, 27 cents a share, in its third quarter, compared with $48.9 million, or 52 cents, a year ago.
October 29, 2009Business, Safety, Equipment
Goodyear’s Third-Quarter Profit Improves
Goodyear Tire & Rubber Co.’s third-quarter profit more than doubled, though the company forecast an operating loss for its North American market this year.
October 29, 2009Business
Wright Express Reports Lower 3Q Income
Wright Express Corp.’s third-quarter profit fell to $23.4 million, or 60 cents per share, compared with $72.3 million, or $1.82, a year ago.
October 29, 2009Business, Government, Safety
FMCSA to Reconsider HOS Rule
The Federal Motor Carrier Safety Administration has agreed to reconsider, and potentially change, its oft-challenged hours-of-service rule for commercial drivers, putting on hold a federal court challenge by a coalition of interest groups.
October 28, 2009Government, Business
Senate Committee Approves Ferro to Head FMCSA
A Senate panel Tuesday approved the nomination of Anne Ferro, President Obama’s nominee to head the Federal Motor Carrier Safety Administration.
October 28, 2009Business
S.F. Bay Bridge Closed Following Repair Failure
San Francisco’s Bay Bridge to Oakland, Calif., is closed “indefinitely” following failure of repair work done that was done on Labor Day weekend, news services reported Wednesday.
October 28, 2009Business
Wabco’s Third-Quarter Profit Falls
Wabco Holdings said Wednesday its net income in the third quarter fell to $33.8 million, or 52 cents a share, from $63.7 million, or 97 cents, a year ago.
October 28, 2009