FedEx Corp. said that its first-quarter profit will be 58 cents per share, higher than the guidance it had previously announced, Bloomberg reported.
September 11, 2009Business, Fuel
Navistar Has $12 Mln. Loss
Navistar International Corp. reported a $12 million loss in its fiscal third quarter, but top executive Daniel Ustian said he expects modest improvement in truck orders this quarter and next year, fueled by major fleets’ purchases.
September 14, 2009Business, Government
Wholesale Inventories Fall for Record Eleventh Month
Wholesale inventories fell in July for the eleventh consecutive month, the Commerce Department said Friday.
September 11, 2009Business, Government
Consumer Confidence Rises in September
U.S. consumer confidence rose in September as job losses slowed and the economy showed signs of improvement, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
September 11, 2009Business, Government
Import Prices Rise 2%
The price of goods imported to the United States climbed 2% in August, the fifth increase in six months, the Labor Department said Friday.
September 11, 2009Business, Safety, Government
Intermodal Traffic Sees Slight Gain
Intermodal rail traffic in the United States increased 0.2% last week from the same week a year ago, the Association of American Railroads said in its weekly report.
September 11, 2009Business, Safety, Government
DOT Freight Index Falls Year-Over-Year in July
The Department of Transportation’s freight transportation services index fell year-over-year in July by the most in 20 years, but showed an increase from June, DOT said Thursday.
September 10, 2009Business
New Penn Teamsters Approve YRC Contract
YRC Worldwide said its Teamsters union employees at regional carrier New Penn Motor Express have voted to ratify a modified labor agreement that sets a 5% pay reduction and other cost cuts.
September 10, 2009Business
Navistar, Caterpillar Announce Global Truck Joint Venture
Navistar International Corp. and Caterpillar Inc. said Thursday they created a new joint-venture company to be called NC2 Global LLC that will serve the global commercial truck market.
September 10, 2009Business
Initial Jobless Claims Decrease for Week
Initial jobless claims dropped by 26,000 last week, the Labor Department said Thursday.
September 10, 2009