UPS Inc. said its first-quarter earnings per share will increase to 53 cents, from 40 cents a year ago, while adjusted earnings will be 71 cents, up from 52 cents last year.
April 15, 2010Business
Industrial Production Improves, Led by Factory Output
Industrial production rose 0.1% in March, following a 0.2% gain in February, the Federal Reserve said Thursday.
April 15, 2010Business
Jobless Claims Increase for Week
Initial jobless claims rose by 24,000 last week, in part due to the volatility around the Easter holiday, the Labor Department said Thursday.
April 15, 2010Business
New York Manufacturing Index Rises
Manufacturing activity in the New York region grew this month for the ninth consecutive month, the Federal Reserve Bank of New York said Thursday.
April 15, 2010Business
J.B. Hunt’s 1Q Earnings Improve
J.B. Hunt Transport Services said its first-quarter net earnings increased to $37.5 million, or 29 cents per share, from $30.8 million, or 24 cents, a year ago. Revenue rose 17% to $845 million.
April 14, 2010Business
Landstar’s 1Q Income Grows
Truckload carrier Landstar System’s first-quarter net income rose to $17.2 million, or 34 cents a share, from $13.9 million, or 27 cents, a year ago.
April 14, 2010Business
Rep. DeFazio Urges Repeal of Mexican Trucks Program
Rep. Peter DeFazio (D-Ore.) sent a bipartisan letter signed by 78 Members of Congress Wednesday to Transportation Secretary Ray LaHood and U.S. Trade Representative Ron Kirk, asking that they consider repealing the program that opens U.S. roadways to Mexican trucks.
April 14, 2010BusinessSafetyGovernment
DOT Freight Transportation Index Declines in February
The Department of Transportation’s freight transportation services index for February fell 2% from a year earlier but rose from January, DOT said.
April 14, 2010BusinessLogistics
CSX’s First-Quarter Income Rises 22%
Eastern freight railroad CSX Corp. said its first-quarter net income earnings-per-share jumped 22% from a year ago, on higher shipping volumes.
April 14, 2010BusinessSafetyGovernmentAutonomous
New York State Scraps Truck Rural-Route Restrictions
The New York State Department of Transportation told a transportation task force that it will no longer pursue efforts to restrict trucks from using certain rural routes in the Finger Lakes area, American Trucking Associations said.
April 14, 2010