FedEx Corp. said Thursday that its second-quarter profit fell to $479 million or $1.54 a share, down from $511 million or $1.64 a year earlier.
December 20, 2007Search
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November Personal Spending Jumps 1.1%
Consumer personal spending jumped 1.1% in November, the Commerce Department said Friday.
December 21, 2007Public Citizen Sues Again Over HOS Rules
Safety advocates have again gone to court to try to block the Department of Transportation’s rule on truck driver hours of service, news reports said.
December 21, 2007Philadelphia Factory Index Contracts
Manufacturing levels in the Philadelphia region contracted this month, the Federal Reserve Bank of Philadelphia said.
December 20, 2007Leading Economic Indicators Decline in November
An index of leading economic indicators fell 0.4% last month, the New York-based Conference Board said Thursday.
December 20, 2007UP Lowers Fourth-Quarter Earnings Forecast
Union Pacific Corp. cut its earnings forecast for the fourth quarter, citing higher diesel fuel costs and a delay in recovering its fuel surcharges.
December 19, 2007Ryder to Buy Lily’s Truck Leasing Business
Ryder System said Wednesday it will buy the truck leasing business of Lily Transportation Corp., a Northeast regional transportation services company based in Needham, Mass.
December 20, 2007NMFTA’s Pugh Resigns as Executive Director
Bill Pugh, executive director and general counsel of the National Motor Freight Traffic Association, resigned the post he has held for the past six years, NMFTA said.
December 19, 2007Jobless Claims Rise for Week
Initial jobless claims rose by 12,000 last week to 346,000 last week, the Labor Department said Thursday.
December 20, 2007Navistar to Buy GM’s Medium-Duty Truck Business
General Motors Corp. and International Truck and Engine Corp. said Thursday they have reached tentative agreement for International’s parent company Navistar Corp. to buy GM’s medium-duty truck business.
December 20, 2007