FedEx Corp. said Thursday that its second-quarter profit fell to $479 million or $1.54 a share, down from $511 million or $1.64 a year earlier.
December 20, 2007BusinessGovernment
Philadelphia Factory Index Contracts
Manufacturing levels in the Philadelphia region contracted this month, the Federal Reserve Bank of Philadelphia said.
December 20, 2007Business
Navistar to Buy GM’s Medium-Duty Truck Business
General Motors Corp. and International Truck and Engine Corp. said Thursday they have reached tentative agreement for International’s parent company Navistar Corp. to buy GM’s medium-duty truck business.
December 20, 2007Business
UPS Contract with Teamsters Ratified
UPS Inc. said late Wednesday that the Teamsters union notified the company that the union has certified approved and ratified a new contract covering about 240,000 UPS employees.
December 20, 2007GovernmentBusiness
Leading Economic Indicators Decline in November
An index of leading economic indicators fell 0.4% last month, the New York-based Conference Board said Thursday.
December 20, 2007BusinessSafetyGovernmentTechnologyEquipment
Ryder to Buy Lily’s Truck Leasing Business
Ryder System said Wednesday it will buy the truck leasing business of Lily Transportation Corp., a Northeast regional transportation services company based in Needham, Mass.
December 20, 2007Business
Jobless Claims Rise for Week
Initial jobless claims rose by 12,000 last week to 346,000 last week, the Labor Department said Thursday.
December 20, 2007GovernmentBusinessSafetyLogistics
NMFTA’s Pugh Resigns as Executive Director
Bill Pugh, executive director and general counsel of the National Motor Freight Traffic Association, resigned the post he has held for the past six years, NMFTA said.
December 19, 2007FuelBusinessLogistics
UP Lowers Fourth-Quarter Earnings Forecast
Union Pacific Corp. cut its earnings forecast for the fourth quarter, citing higher diesel fuel costs and a delay in recovering its fuel surcharges.
December 19, 2007GovernmentBusinessSafety
ATA Testifies in Support of Hours-of-Service Rule
American Trucking Associations testified Wednesday before a Senate subcommittee in support of the Federal Motor Carrier Safety Administration’s hours-of-service rule, but two groups opposing the regulation challenged the agency.
December 19, 2007