YRC Worldwide may cut up to several thousand positions in a cost-reduction move that is part of a stepped-up plan to integrate its Roadway and Yellow Transportation units.
October 29, 2008Business
Wright Express’ 3Q Earnings Rise
Wright Express Corp. earned $72.3 million, or $1.82 a share, in the third quarter, up from $22.3 million, or 55 cents, the previous year.
October 30, 2008Business
Ritchie Bros. Reports Drop in 3Q Income
Ritchie Bros. Auctioneers said it earned $11.9 million, or 11 cents per share, in the third quarter, down from $14.9 million, or 14 cents, a year ago.
October 30, 2008Business
Jobless Claims Unchanged for Week
Initial jobless claims were unchanged last week from the previous week, the Labor Department said Thursday.
October 30, 2008GovernmentBusinessSafety
Fed Cuts Key Interest Rate a Half-Point to 1%
The Federal Reserve Wednesday cut a key U.S. interest rate by half a percentage point, to 1%.
October 29, 2008BusinessSafetyGovernmentLogistics
Pacer’s 3Q Income Rises 52%
Transportation and third-party logistics firm Pacer International’s third-quarter profit rose 52% to $20.4 million, or 59 cents a share, from $13.4 million, or 38 cents, a year ago.
October 29, 2008BusinessSafetyGovernment
ATA Releases Highway Safety Agenda Details
American Trucking Associations unveiled details its highway safety agenda designed to reduce the number of highway-related fatalities and injuries on U.S. highways.
October 29, 2008GovernmentBusinessSafety
P.A.M. Takes $3.2 Million 3Q Loss
Truckload carrier P.A.M. Transportation Services said it lost $3.2 million, or 33 cents a share, in the third quarter, compared with net income of $36,000, or zero cents, a year earlier.
October 29, 2008BusinessGovernment
Durable Goods Orders Rise 0.8% in September
Durable goods orders rose 0.8% in September, the Commerce Department said Wednesday.
October 29, 2008BusinessGovernment
Deutsche Post Slashes ’08 Guidance; Cites U.S. Weakness
Germany’s Deutsche Post AG, parent of parcel carrier DHL Express, slashed its 2008 earnings guidance and withdrew its 2009 outlook, warning that worsening economic conditions, particularly in the United States, are cutting into its profits.
October 29, 2008