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Expeditors Sets Stock Split; Reports Higher 1Q Income
Logistics firm Expeditors International of Washington said it will undertake a 2-for-1 stock split and reported a first-quarter profit of $52.4 million or 47 cents a share, up from $30.9 million or 28 cents in the previous fourth quarter.
May 4, 2006Goodyear Reports Higher 1Q Profit, Record Sales
Goodyear Tire & Rubber Co. reported net first-quarter earnings of $74 million or 37 cents a share, up from $68 million or 35 cents last year.
May 4, 2006UAW Calls for Strike Vote at Delphi
The United Auto Workers union has asked its members at bankrupt auto-parts supplier Delphi Corp. to hold a strike vote by May 14, Bloomberg reported.
May 4, 2006First-Quarter Productivity Rises 3.2%
Worker productivity jumped at a 3.2% annual rate in the first quarter following the first decline in nearly five years, the Labor Department reported Thursday.
May 4, 2006Truckers Benefiting From Iowa’s Ethanol Production
Regional trucking firms are benefiting from Iowa’s growing ethanol industry, the Associated Press reported.
May 3, 2006Factory Orders Jump in March, Commerce Reports
U.S. factory orders jumped 4.2% in March, the biggest gain in 10 months, the Commerce Department reported Wednesday.
May 3, 2006ISM Services Index Rises in April
The U.S. economy’s service sector growth rose last month, the Institute for Supply Management said Wednesday.
May 3, 2006Target Logistics’ Fiscal 3Q Income Improves
Freight forwarder Target Logistics said Wednesday it earned $610,000 or 3 cents a share for its third quarter ended March 31, up from $265,000 or 1 cent a year earlier.
May 3, 2006Watchdog Criticizes FMCSA Over Repeat Rule-Breakers
The Department of Transportation’s internal watchdog office said the Federal Motor Carrier Safety Administration is not doing enough to stop carriers who repeatedly break federal safety rules.
May 3, 2006DHS Starts TWIC Program With Port Worker Checks
The Department of ºÚÁϳԹÏÍøland Security said last week it has started conducting background checks on hundreds of thousands of port workers, the first step in unveiling the Transportation Worker Identification Credential, commonly referred to as TWIC.
May 3, 2006