Rail and intermodal traffic fell for the week ended Saturday from a year ago, the Association of American Railroads said.
February 6, 2009Business
Unemployment Rate Rises to 7.6%; Payrolls Plunge by Almost 600,000
The U.S. unemployment rate rose to a 17-year high in January, rising to 7.6% from 7.2% in December, the Labor Department said Friday.
February 6, 2009Business
Intermec’s Fourth-Quarter Profit Declines
Supply chain technology firm Intermec Inc.’s fourth-quarter net income dropped to $9.1 million, or 15 cents a share, from $16.5 million, or 27 cents, a year ago.
February 6, 2009Business, Safety
Rail, Intermodal Traffic Fall for Week
Business, Technology, Equipment, Safety, Logistics
Descartes Buys Oceanwide’s Logistics Business
Descartes Systems Group said Thursday it acquired the logistics business of privately held Oceanwide Inc., in an all-cash transaction of about C$10.4 million ($8.4 million).
February 6, 2009Business
Sysco Corp.’s 2Q Income Declines
Food-services provider and private fleet operator Sysco Corp. said its fiscal second-quarter operating income fell to $422 million, or 40 cents a share, from $449 million, or 43 cents, a year ago.
February 6, 2009Business, Fuel
Freight Market Decline Continues
Your newspaper this week shows just how difficult things are for carriers these days, as freight rates and volumes continue to nose dive while shippers push for lower fuel surcharges and better deals.
February 6, 2009Business
Hub Group’s Fourth-Quarter Profit Declines
Intermodal firm Hub Group Inc.’s fourth-quarter net income fell 20% to $14.2 million, or 38 cents a share, from $18 million, or 47 cents, a year ago.
February 5, 2009Government, Business
J.B. Hunt Boosting Dividend
J.B. Hunt Transport Services said Thursday its board approved increasing its quarterly cash dividend by a penny, to 11 cents per share.
February 5, 2009Government, Business, Safety
Postal Services Reports $384 Million Loss
The U.S. Postal Service lost $384 million its first quarter, it said Wednesday.
February 5, 2009Business, Safety, Government
DOT ‘TIGER’ Team to Coordinate Role in Recovery Plan
The Department of Transportation has created a team to coordinate its role in President Obama’s economic recovery program, to ensure that funding is made available quickly for transportation infrastructure projects and that project spending is monitored and transparent.
February 5, 2009