FedEx Freight, the less-than-truckload unit of FedEx Corp., will cut 900 jobs because of declining demand and aggressive pricing by competitors, Bloomberg reported Monday.
February 9, 2009Search
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Senate Fails to Boost Spending for Highways in Stimulus Bill
The Senate moved toward final passage of its $900 billion stimulus package of spending and tax cuts last week, and despite ongoing efforts, it appeared unlikely a major boost in infrastructure money would be included in the package.
February 9, 2009
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
FedEx Express Opens New China Hub
FedEx Express said Monday it has begun operations at its new Asia Pacific hub in Guangzhou, China, the company’s largest hub outside of the United States.
February 9, 2009States Eye More Toll Roads
In a whirl of activity that is expected to accelerate in coming years, states are making toll roads a permanent part of the nation’s highway system and eyeing toll dollars as a way to plug gaping budget deficits.
February 9, 2009DOT ‘TIGER’ Team to Coordinate Role in Recovery Plan
The Department of Transportation has created a team to coordinate its role in President Obama’s economic recovery program, to ensure that funding is made available quickly for transportation infrastructure projects and that project spending is monitored and transparent.
February 5, 2009Interstate Bakeries Exits Chapter 11
Interstate Bakeries Corp. has emerged from bankruptcy after four years of operating under Chapter 11 protection, agreeing to a plan that gives financial control to New York investment firm Ripplewood Holdings and a group of the company’s lenders, news services reported.
February 4, 2009December Factory Orders Decline 3.9%
U.S. factory orders fell 3.9% in December, the fifth consecutive month of decline, the Commerce Department said Thursday.
February 5, 2009Fourth-Quarter Productivity Rises 3.2%
Fourth-quarter U.S. worker productivity increased at a 3.2% annual rate, the Labor Department said Thursday.
February 5, 2009J.B. Hunt Boosting Dividend
J.B. Hunt Transport Services said Thursday its board approved increasing its quarterly cash dividend by a penny, to 11 cents per share.
February 5, 2009Postal Services Reports $384 Million Loss
The U.S. Postal Service lost $384 million its first quarter, it said Wednesday.
February 5, 2009