Intermodal traffic increased 0.8% last week from a year ago, the Association of American Railroads reported.
August 5, 2011Business, Logistics
FedEx Completes Acquisition of Mexico’s MultiPack
FedEx Corp. said it has completed the acquisition of Mexico’s Servicios Nacionales Mupa S.A de C.V., or MultiPack.
August 5, 2011Business
Visteon Posts Second-Quarter Profit
Truck and automobile parts maker Visteon Corp. posted second-quarter net income of $26 million, or 50 cents a share, turning around a loss of $201 million, or $1.55 per share, a year ago.
August 5, 2011Business, Equipment
Cooper Tire’s 2Q Income Declines
Cooper Tire & Rubber Co. said second-quarter earnings at its Cooper Tire division fell to $12 million, or 18 cents a share, from $19 million, or 30 cents, a year ago.
August 5, 2011Business, Logistics
Intermodal Traffic Rises 3.3% for Week
Perspective, Business, Equipment
Opinion: Can This Marriage Be Saved?
It takes a significant effort on the part of suppliers and customers alike to ensure that strains on key supplier-customer relationships are avoided, and there is a common focus on the contributions that create value.
August 5, 2011Business, Fuel
Oil Drops to Five-Month Low Under $90 a Barrel
Oil finished the trading day Thursday at its lowest level since February, diving below $90Â a barrel as equities markets plunged, Bloomberg reported.
August 4, 2011Business
Roadrunner Posts Second-Quarter Profit
Roadrunner Transportation Systems reported a second-quarter profit, compared with a loss a year ago, on higher freight revenue.
August 4, 2011Business
Xata Reports Fiscal 3Q Loss
Xata Corp. Thursday reported a fiscal third-quarter loss of $500,000, or 4 cents per share, compared with net income of $600,000, or 2 cents, a year ago.
August 4, 2011Business
Wright Express Reports Higher 2Q Profit
Wright Express Corp.’s second-quarter profit grew to $40.6 million, or $1.04 per share, compared with $30 million, or 77 cents, a year earlier.
August 4, 2011Business
Initial Jobless Claims Dip 1,000 for Week
Initial jobless claims dipped by 1,000 last week to 400,000, the fewest in almost four months, Labor Department said Thursday.
August 4, 2011