FedEx Corp. said it may not go through with a $7.7 billion purchase of 30 new jet planes for air freight if federal law is changed to make it easier for its employees to join a union, Bloomberg reported.
March 25, 2009Business, Government
February New °®¶¹´«Ã½ Sales Rise 4.7%
New home sales rose 4.7% in February after bottoming out in January at the lowest rate on record, the Commerce Department said Wednesday.
March 25, 2009Business, Government
Durable Goods Post 3.4% Gain in February
Durable goods orders rose 3.4% in February, the biggest gain in more than a year and the first in seven months, the Commerce Department said Wednesday.
March 25, 2009Business, Logistics
Dependable Highway Express Acquires Drayage Firm
Dependable Highway Express, the regional trucking division of Dependable Logistics Services, said Wednesday it had acquired drayage firm J & M Trucking.
March 25, 2009Business, Logistics
DSC Logistics Launches Short-Term Storage Program
DSC Logistics has launched a program called FLEXSPACE 2009, a short-term storage space option intended to give shippers flexibility as their supply chain needs change, the company said Tuesday.
March 25, 2009Business, Fuel, Government
FedEx May Scrub $7.7 Bln. Order for New Jets
Business, Safety, Government
LaHood Says U.S. Seeking to Revive Mexican Trucking Plan
Transportation Secretary Ray LaHood wants to revive the cross-border trucking program with Mexico that lets some carriers from that country deliver goods into the United States beyond a set border zone, Bloomberg reported Tuesday.
March 24, 2009Business, Government
Sen. Specter Opposes Card Check Bill
Sen. Arlen Specter, the only Republican senator to support the Employee Free Choice Act when it was debated two years ago, said Tuesday he would vote against the legislation, the Associated Press reported.
March 24, 2009Fuel, Business, Logistics
Diesel Jumps 7.3¢ to $2.09 a Gallon
Diesel fuel rose 7.3 cents to a national average $2.09 per gallon, sharply reversing its downward trend since last summer, the Department of Energy said Monday.
March 24, 2009Business, Government, Safety, Fuel
EPA Eyes Regulating Greenhouse Gas Emissions
The Environmental Protection Agency may seek to limit greenhouse gas emissions, the Washington Post reported Tuesday.
March 24, 2009Business, Logistics
AutoInfo Profit Jumps in 2008
Logistics provider AutoInfo Inc. said it earned $2.2 million, or 7 cents per share, in 2008, compared with a profit of $1.6 million, or 5 cents, the previous year.
March 24, 2009