Norfolk Southern Corp. said its first-quarter earnings will be 3% lower than a year earlier, as its freight shipments declined.
April 5, 2007Government, Business, Fuel, Autonomous
Crude Prices Fall Following Sailors’ Release by Iran
Crude oil futures fell lower Thursday after Iran released 15 British sailors it had held for two weeks, Bloomberg reported.
April 5, 2007Business, Logistics
NS Says 1Q Profit to Dip 3%
Business
Jobless Claims Rise for Week
Initial jobless claims rose by 11,000 last week, the Labor Department said Thursday.
April 5, 2007Business, Safety, Government, Equipment, Logistics
Pacer Lowers ’07 Guidance
Transportation and third-party logistics firm Pacer International lowered its full-year earnings guidance, said it would consolidate some operations and said its board authorized a buyback of up to $100 million of the company’s stock.
April 5, 2007Business, Autonomous
Daimler in Talks to Sell Chrysler Unit
DaimlerChrysler AG chief Dieter Zetsche said for the first time that the company is negotiating the sale of its Chrysler unit, Bloomberg reported Wednesday.
April 4, 2007Business, Government
Feb. Factory Orders Rise 1%
Factory orders rose 1% in February following the biggest drop in six years, the Commerce Department said Wednesday.
April 4, 2007Business, Safety, Government
ISM Services Index Declines in March
The Institute for Supply Management's services index slipped to 52.4 in March from February’s reading of 54.3, ISM said Wednesday.
April 4, 2007Government, Business, Fuel, Autonomous
Crude Prices Ease After Iran Says It Will Release British Sailors
Crude oil futures prices declined Wednesday after Iran's President Mahmoud Ahmadinejad said that he will release 15 captured British sailors, news services reported.
April 4, 2007Business
Judge Says Dana Should Continue Negotiations With Union
A U.S. bankruptcy judge gave auto parts manufacturer Dana Corp. and the United Steelworkers Union until April 13 to negotiate a new labor contact, Bloomberg News reported Tuesday.
April 4, 2007Fuel, Business, Logistics, Government
Diesel Jumps 11.4¢ to $2.79
After falling by less than a penny in each of the past two weeks, the national average price of diesel fuel jumped 11.4 cents Monday to $2.79 a gallon, the Energy Department reported.
April 3, 2007