FedEx Corp. said Thursday its fiscal third-quarter profit fell sharply from a year ago and that it plans to take cost-cutting measures including more job and pay reductions.
March 19, 2009Search
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Leading Indicators Drop 0.4% in February
An index of leading economic indicators fell 0.4% in February, the third drop in five months, the New York-based Conference Board said Thursday.
March 19, 2009Continuing Jobless Rolls Reach Record
Initial jobless claims fell last week by 12,000 last week but the number of Americans collecting jobless benefits rose to a record 5.47 million, the Labor Department said Thursday.
March 19, 2009NAFTA Surface Trade Rose 4.1% in 2008
Surface transportation trade among the United States, Canada and Mexico rose 4.1% to $830 billion in 2008 from 2007, the Department of Transportation said Wednesday.
March 18, 2009Consumer Prices Rise 0.4% in February
Consumer prices rose more than forecast in gaining 0.4% in February, the Labor Department said Wednesday.
March 18, 2009Consumer Prices Rise 0.4% in February
Consumer prices rose more than forecast in gaining 0.4% in February, the Labor Department said Wednesday.
March 18, 2009Oil Rises Over $49 a Barrel
Crude oil closed at more than $49 for a second straight day Wednesday and has risen $9 from the beginning of March, Bloomberg reported.
March 18, 2009Intermodal Success Requires Education, Enhanced Marketing, Fleet Execs Say
ORLANDO, Fla. 鈥 For truckers, there is a lot more to intermodal than simply tying a trailer down on a train, industry experts said.
March 17, 2009Transplace to Manage Logistics for Pace Industries
Custom die casting company Pace Industries has chosen third-party logistics company Transplace to manage its truckload, less-than-truckload and expedited shipments, Transplace said Tuesday.
March 16, 2009Fed Holds Interest Rate at Record Low
The Federal Reserve voted unanimously Wednesday to keep a key U.S. interest rate at a record low 鈥渢arget range鈥 of zero to 0.25%.
March 18, 2009