FedEx Corp. said Thursday its fiscal first-quarter profit slipped 22% from a year ago on higher fuel costs and declining demand for express shipments, and said its express unit will boost rates by a net 4.9% next year.
September 18, 2008Search
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Philadelphia Manufacturing Index Shows Expansion
Manufacturing levels in the Philadelphia region improved and moved into positive territory this month, the Federal Reserve Bank of Philadelphia said Thursday.
September 18, 2008
Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Crude Settles Below $100 a Barrel
Oil prices remained under $100 a barrel Thursday after earlier rising over $102, Bloomberg reported.
September 18, 2008August Housing Starts Plunge 6.2%
New home construction plunged 6.2% in August, the Commerce Department said Wednesday.
September 17, 2008House Passes Energy Bill Allowing More Offshore Drilling
The House late Tuesday approved a bill that legislation that would open more offshore areas for oil and oil and natural gas drilling, pending states’ approval, the Associated Press reported.
September 17, 2008U.S. Lawmakers Raise Concerns on UPS-DHL Air Deal
Ohio officials told federal lawmakers they have been rebuffed in their efforts to persuade DHL to consider alternatives to its proposed agreement to have UPS Inc. carry its North American air packages, the Associated Press reported.
September 17, 2008Seat Belt Use Reaches Record 83%
Seat-belt use in the United states has risen to a record 83% in daylight hours this year, up from 82% last year, the Department of Transportation said Wednesday.
September 17, 2008Oil Continues to Fall; DOE Approves Some SPR Releases
Oil prices continued to fall Tuesday, dropping below $92 a barrel in early trading, while Department of Energy approved oil releases from the Strategic Petroleum Reserve to help refineries left with supply shortages due to Hurricane Ike, Bloomberg reported.
September 16, 2008Consumer Price Index Falls for First Time in Two Years
Consumer prices fell in August for the first time in almost two years, the Labor Department said Tuesday.
September 16, 2008New York Manufacturing Index Shows Contraction
Manufacturing growth in New York state declined this month, showing contraction, the Federal Reserve Bank of New York said Monday.
September 15, 2008