Truckload carrier Landstar System said its first-quarter net income fell to $13.9 million, or 27 cents a share, from $23.7 million, or 45 cents, a year ago.
April 16, 2009Business, Technology, Equipment, Safety
Landstar’s First-Quarter Income Declines
Business, Government
Philadelphia Factory Index Improves, but Still Shows Contraction
Manufacturing levels in the Philadelphia region continued to contract this month, the Federal Reserve Bank of Philadelphia said Thursday.
April 16, 2009Business
Continuing Jobless Claims Top 6 Million
Initial jobless claims fell last week, while continuing claims reached a record over 6 million, the Labor Department said Thursday.
April 16, 2009Business, Safety, Government
Economy Continues to Contract, Fed Says
The U.S. economy continued to decline from the end of February through the beginning of April, affecting transportation industry services and demand, the Federal Reserve said Wednesday.
April 15, 2009Business
Peterbilt Temporarily Shuts Tenn. Truck Plant
Peterbilt Motors Co. temporarily closed its truck plant in Madison, Tenn., which had been idled for 10 months due to a work stoppage over stalled union contract negotiations, the Associated Press reported.
April 15, 2009Business, Government
Consumer Price Index Dips 0.1%
The consumer price index fell 0.1% in March and declined over the past year for the first time in 54 years, the Labor Department said Wednesday.
April 15, 2009Business, Logistics
US 1 Reports Flat Fourth-Quarter Income
Logistics firm US 1 Industries said its fourth-quarter net income was flat at $582,000, or 4 cents a share, compared with $579,000, or 4 cents, a year earlier.
April 15, 2009Business
Industrial Production Declines 1.5%
Industrial production fell 1.5% in March, marking the fifth straight monthly downturn, the Federal Reserve said Wednesday.
April 15, 2009Business, Government
New York Manufacturing Index Improves
Manufacturing activity in the New York region improved this month, the Federal Reserve Bank of New York said Wednesday.
April 15, 2009Business, Logistics
CSX 1Q Profit Falls 27%
Eastern freight railroad CSX Corp. said its per-share profit fell 27% in the first quarter.
April 15, 2009