FedEx Corp. will boost its plant and equipment investment by 15% to 20% in fiscal 2008 to expand in China, add new jets and add new stores to its FedEx Kinko's chain , Bloomberg reported.
March 29, 2007Business
Personal Spending Rises 0.6% in February
Consumer personal spending and incomes each rose 0.6% in February, the Commerce Department said Friday.
March 30, 2007Business
Court Delays Ford-Navistar Hearing to Next Week
A court hearing on a Ford Motor Co. contract dispute with engine maker Navistar International Corp. has been postponed until next week, Bloomberg reported.
March 30, 2007Business, Safety
Intermodal, Rail Carload Traffic Decline for Week
Rail intermodal traffic fell 4.7% last week compared with the same week last year, while rail carloads fell 2.7%, the Association of American Railroads said Thursday.
March 29, 2007Business, Government
FedEx to Boost Capital Investment by 20%
Business
EGL’s Crane Says Apollo Was Not Prepared to Make Bid
EGL Inc. Chief Executive Officer James Crane said Apollo Management Group, which is bidding to buy the company, was not prepared to make an offer before EGL accepted Crane’s lower per-share bid, Bloomberg reported.
March 29, 2007Business
Jobless Claims Fall 10,000 for Week
Initial jobless claims fell by 10,000 last week, the Labor Department said Thursday.
March 29, 2007Business, Technology, Safety
Companies Turn to Tracking Technology for Cargo Security
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March 28, 2007Business
Allied Gains Court Approval for $315 Million Bankruptcy Loan
A bankruptcy court approved auto hauler Allied Holdings' motion to borrow as much as $315 million to help exit from bankruptcy, Bloomberg reported.
March 28, 2007Business, Safety
Perseverance, Timing Key to Mediation of Accident Claims, Lawyers Say
March 28, 2007
Business, Government, Autonomous
Letters to the Editor: Opening the Border
This Mexican truck program is contrary to everything the United States should be doing.
March 28, 2007