Truckload carrier Werner Enterprises said Thursday its third-quarter net income rose to $22.4 million, or 31 cents a share, from $21.9 million, or 30 cents, last year.
October 16, 2008Fuel, Business, Government
Consumer Price Index Unchanged in September
Consumer prices were unchanged in September, kept in check by falling fuel prices, the Labor Department said Thursday.
October 16, 2008Business
Jobless Claims Fall for Week
Initial jobless claims fell by 16,000 last week, while continuing claims reached a five-year high, the Labor Department said Thursday.
October 16, 2008Business
Fed Report Cites Sluggish Economic Outlook
Economic activity weakened across all 12 districts of the Federal Reserve from late August through early October, with contacts citing pessimism about the economic outlook, the Fed said Wednesday.
October 15, 2008Business
Gainey Corp. Files for Bankruptcy
Michigan-based trucking firm Gainey Corp. and five of its subsidiaries have filed for Chapter 11 bankruptcy protection, the Associated Press reported Wednesday.
October 15, 2008Government, Business, Fuel
Diesel Continues to Fall, Dropping 21.6¢ to $3.659
Diesel fuel fell by the most since its record plunge after the 2005 hurricanes, dropping 21.6 cents to $3.659 a gallon, while gasoline fell 33.3 cents to $3.151 a gallon in its biggest one-week decline on record, the Department of Energy said Tuesday.
October 15, 2008Business, Safety, Technology, Government
FMCSA Finalizes Driver Tracking Plan, Aims to Launch Safety Analysis in 2010
NEW ORLEANS — The Federal Motor Carrier Safety Administration is in the final stages of preparing its Driver Information Resource for use by trucking companies, an agency official said here.
October 15, 2008Business
Velocity Express Reports 4Q Loss
Velocity Express Corp. said Wednesday it lost $44.1 million, or $15.33 a share, in its fiscal fourth quarter, compared with a loss of $6.2 million, or $3.07, a year earlier.
October 15, 2008Business, Government
Retail Sales Fall by Most in Three Years
Retail sales fell 1.2% in September, the biggest drop in three years, led by a steep drop in automobile sales, the Commerce Department said Wednesday.
October 15, 2008Business, Fuel, Government
September Producer Prices Drop 0.4%
Prices paid to U.S. producers fell 0.4% in September, while the rate excluding food and energy rose, the Labor Department said Wednesday.
October 15, 2008