Much of the mid-Atlantic region was put under a winter storm warning Friday as officials predicted up that up to 18 inches of snow would fall in some places this weekend.
December 18, 2009Business
FedEx’s Quarterly Profits Drop
Net income and revenue declined at FedEx Corp. for its fiscal second quarter ended Nov. 30, but executives said improvements in recent volume trends and the global economy are reasons for optimism.
December 21, 2009BusinessSafety
Intermodal Traffic Decreases for Week
U.S. intermodal rail traffic dropped 3% in the week ended Saturday compared with the same week last year, the Association of American Railroads said.
December 18, 2009BusinessFuelGovernment
Opinion: Managing Hidden Fuel Surcharge Costs
One silver lining in the financial storm of the past year or so had been a steep decline in the price of oil generally and diesel fuel in particular.
December 18, 2009Business
YRC Extends Debt-Equity Exchange Offer to Dec. 23
YRC Worldwide has extended its debt-for-equity exchange offer to Dec. 23 and amended the terms.
December 17, 2009BusinessEquipment
Rich Freeland to Head Cummins’ Engine Business
Cummins Inc. named Rich Freeland to be the next president of its engine business, succeeding Jim Kelly, who the company said Tuesday will step down from that position early next year.
December 17, 2009Business
FedEx’s 2Q Earning Drop 30%
FedEx Corp. said Thursday its second-quarter profit fell 30% to $345 million, or $1.10 per share, from $493 million, or $1.58, a year ago.
December 17, 2009BusinessSafetyGovernmentTechnologyEquipment
Roadrunner Transportation Acquires Bullet Freight Systems
Roadrunner Transportation Services Holdings Inc. said it bought less-than-truckload carrier Bullet Freight Systems Inc. on Dec. 14 to expand its services in the western United States.
December 17, 2009GovernmentBusinessSafety
FMCSA Begins New Entrant Safety Enforcement
The Federal Motor Carrier Safety Administration has begun enforcing its New Entrant Safety Assurance Process rule, requiring stricter safety standards for newly registered truck and bus companies.
December 17, 2009BusinessGovernment
Philadelphia Factory Index Hits Highest Level Since 2005
Manufacturing levels in the Philadelphia expanded at the fastest pace in more than four and a half years, the Federal Reserve Bank of Philadelphia said Thursday.
December 17, 2009