Con-way Inc. said its third-quarter profit fell by nearly two-thirds from a year ago, as freight demand declined.
November 4, 2009Business
Fed Again Holds Interest Rate at Record Low
Federal Reserve governors voted for an eighth consecutive time Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
November 4, 2009Business, Safety, Government
ISM Services Index Slows Expansion
The U.S. economy’s service sector slowed its expansion last month, the Institute for Supply Management said Wednesday.
November 4, 2009Government, Business, Safety
Quality’s 3Q Profit Improves from a Year Ago
Tank truck carrier Quality Distribution reported a third-quarter profit of $1.4 million, or 7 cents per share, up from $700,000, or 4 cents, a year ago.
November 4, 2009Government, Business, Safety
Quality’s 3Q Profit Improves from a Year Ago
Tank truck carrier Quality Distribution reported a second-quarter profit of $1.4 million, or 7 cents per share, up from $700,000, or 4 cents, a year ago.
November 4, 2009Business, Safety, Government, Logistics
Pacer’s 3Q Profit Falls
Transportation and third-party logistics firm Pacer International said its third-quarter profit fell to $600,000, or 2 cents per share, compared with $20.8 million, or 59 cents, a year earlier.
November 4, 2009Business
Berkshire Hathaway to Buy BNSF for $100/Share
Berkshire Hathaway Inc., controlled by billionaire Warren Buffett, said Tuesday it will buy freight railroad Burlington Northern Santa Fe Corp. for $100 a share, in a transaction worth about $44 billion.
November 3, 2009Government, Business
Republicans Boycott Cap-and-Trade Bill Session
Republican members of the lead Senate committee crafting a cap-and-trade bill Tuesday boycotted the first day of a mark-up session on the legislation.
November 3, 2009Business
William Logue to Succeed Doug Duncan at FedEx Freight
FedEx Corp. said Tuesday that William Logue will succeed Doug Duncan as president of FedEx Freight, the company’s less-than-truckload division.
November 3, 2009Government, Business, Logistics
Expeditors’ Third-Quarter Income Falls 33%
Logistics firm Expeditors International of Washington said Tuesday its third-quarter net income fell 33% to $57.8 million, or 27 cents a share, from $85.6 million, or 39 cents, a year ago.
November 3, 2009