The Federal Reserve Wednesday cut a key U.S. interest rate by half a percentage point, to 1%.
October 29, 2008Government, Business, Safety
Fed Cuts Key Interest Rate a Half-Point to 1%
Business, Safety, Government, Logistics
Pacer’s 3Q Income Rises 52%
Transportation and third-party logistics firm Pacer International’s third-quarter profit rose 52% to $20.4 million, or 59 cents a share, from $13.4 million, or 38 cents, a year ago.
October 29, 2008Business, Safety, Government
ATA Releases Highway Safety Agenda Details
American Trucking Associations unveiled details its highway safety agenda designed to reduce the number of highway-related fatalities and injuries on U.S. highways.
October 29, 2008Government, Business, Safety
P.A.M. Takes $3.2 Million 3Q Loss
Truckload carrier P.A.M. Transportation Services said it lost $3.2 million, or 33 cents a share, in the third quarter, compared with net income of $36,000, or zero cents, a year earlier.
October 29, 2008Business, Government
Durable Goods Orders Rise 0.8% in September
Durable goods orders rose 0.8% in September, the Commerce Department said Wednesday.
October 29, 2008Business, Government
Deutsche Post Slashes ’08 Guidance; Cites U.S. Weakness
Germany’s Deutsche Post AG, parent of parcel carrier DHL Express, slashed its 2008 earnings guidance and withdrew its 2009 outlook, warning that worsening economic conditions, particularly in the United States, are cutting into its profits.
October 29, 2008Business, Logistics
Canadian Pacific’s 3Q Income Slips
Canadian Pacific Railway’s third-quarter net income fell to C$173 million, or C$1.11 a share, from C$219 million, or C$1.41, a year ago.
October 28, 2008Business, Logistics, Fuel, Government
Diesel Tumbles 19.4¢ to $3.288; Gas Plunges 25.8¢ to $2.656
Diesel’s national average pump price fell for the 14th time in 15 weeks, declining 19.4 cents to $3.288 a gallon, its lowest price since February, the Department of Energy said Monday.
October 28, 2008Government, Business
Consumer Confidence Falls to Record Low in October
Consumer confidence fell to a record low in October as stocks plunged and the credit crisis worsened, the New York-based Conference Board said Tuesday.
October 28, 2008Business, Safety
Truck Tonnage Rises 0.8% in September
Truck tonnage rose 0.8% in September from the same month a year ago, American Trucking Associations said late Monday.
October 27, 2008