FedEx Corp. Thursday reported a higher first-quarter profit from a year ago, but cut its full-year forecast by 4% due to overall economic volatility and high energy costs.
September 20, 2007Business
IdleAire Files with SEC for Initial Public Offering
IdleAire Technologies Corp. said it has filed for a possible initial public offering with the Securities and Exchange Commission.
September 21, 2007BusinessGovernment
Philadelphia Factory Index Improves
Manufacturing levels increased in the Philadelphia area this month, the Federal Reserve Bank of Philadelphia said Thursday.
September 20, 2007GovernmentBusiness
Leading Indicators Decline in August
The index of leading economic indicators fell in August, the New York-based Conference Board said Thursday.
September 20, 2007BusinessLogistics
Dynamex Reports Higher 4Q Earnings
Logistics and delivery firm Dynamex Inc. said late Wednesday its fiscal fourth-quarter profit rose to $4.1 million or 38 cents a share, from $3.3 million or 31 cents a year earlier.
September 20, 2007Business
Jobless Claims Fall 9,000 for Week
Initial jobless claims fell by 9,000 last week to 311,000, the Labor Department said Thursday.
September 20, 2007BusinessSafetyGovernment
Fed Action Boosts Transport Stocks
The Federal Reserve’s rate cut this week helped transportation industry stocks, as the broader economy needed a boost to help soften the slowdown that is projected to last through the first half of 2008, according to American Trucking Associations’ Chief Economist Bob Costello.
September 19, 2007BusinessFuel
Oil Rises Past $82 a Barrel
Crude oil futures continue to soar Wednesday, reaching a record $82.51 a barrel in early trading following a Department of Energy report that showed larger-than-expected inventory declines, Bloomberg reported.
September 19, 2007BusinessSafetyGovernmentLogistics
Sleep Apnea Program Cuts Costs for Health Care, Schneider Says
Truckload carrier Schneider National said a sleep apnea screening and treatment program managed by an outside vendor has improved safety and driver productivity while lowering health-care costs.
September 19, 2007BusinessSafetyGovernment
Knight Issues 3Q Earnings Warning
Truckload carrier Knight Transportation said its third-quarter earnings would be below analysts’ predictions, citing an industrywide decline in freight tonnage and excess truckload capacity.
September 19, 2007