FedEx Corp. said Thursday its fiscal second-quarter profit rose 3%, but it cited difficult economic conditions and said it would trim senior executives’ salaries and set a hiring freeze.
December 18, 2008Search
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LaHood Likely DOT Pick
President-elect Barack Obama is expected to name retiring Illinois Republican U.S. Rep. Ray LaHood to be his transportation secretary.
December 22, 2008CARB Adopts Emission Rules; Truckers Decry Added Costs
The California Air Resources Board has adopted two new rules requiring carriers to add expensive emission-control devices to their trucks and to use fuel-saving equipment endorsed by the U.S. Environmental Protection Agency’s SmartWay program.
December 22, 2008Fuel Prices, Recession Make Grim Year for Trucking Industry
The world of trucking was turned upside down and shaken like a snow globe during 2008.
December 22, 2008Philadelphia Fed Factory Index Remains in Contraction
Manufacturing levels in the Philadelphia region improved from a month ago but remained in contraction, the Federal Reserve Bank of Philadelphia said Thursday.
December 18, 2008Leading Indicators Drop 0.4% in November
An index of leading economic indicators fell 0.4% in November, marking the fifth downturn in seven months, the New York-based Conference Board said Thursday.
December 18, 2008Hub Group Downgrades 4Q Outlook
Third-party logistics company and freight broker Hub Group said its full-year 2008 earnings will be lower than previously estimated, due to sluggish intermodal and brokerage volumes and pricing.
December 18, 2008Unemployment Claims Decrease Slightly
First-time unemployment claims dropped last week but stayed near a 26-year high, the Labor Department said Thursday.
December 18, 2008Groups File with FMCSA Against Hours-of-Service Rules
A coalition of advocacy groups including Public Citizen and the Teamsters union has asked the Federal Motor Carrier Safety Administration to reconsider key provisions of its controversial hours-of-service rule.
December 18, 2008AAA Forecasts a Decrease in Christmas Holiday Travel
There will be a slight decline in the number of Americans traveling during the Christmas holiday period compared with last year, first such decline in six years, according to the motorists’ group AAA.
December 17, 2008