FedEx Corp.’s Memphis, Tenn., home airport remained the world’s busiest for cargo for the 18th straight year as the gap with Hong Kong widened because of a drop in shipments from Asia, Bloomberg reported Thursday.
February 4, 2010Search
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U.S. Worker Productivity Climbs at 6.2% Rate
U.S. workers’ productivity surged in the fourth quarter to an annual rate of 6.2%, capping the largest one-year gain since 2003, the Labor Department said Thursday.
February 4, 2010Jobless Claims Increase for Week
Initial jobless claims grew by 8,000 last week, the largest increase in seven weeks, the Labor Department said Thursday.
February 4, 2010Con-way’s 4Q Loss Narrows
Con-way Inc. said late Thursday it lost $1.9 million, or 4 cents a share, in the fourth quarter, compared with a loss of $43 million, or 94 cents, a year earlier.
February 4, 2010Judge Rules Against Calif. Trucking Company over Classification
A state judge in Los Angeles has issued a civil judgment against a California trucking company that misclassified its drivers as independent contractors, California Attorney General Edmund Brown Jr. said Thursday.
February 4, 2010ISM Services Index Improves
The U.S. economy’s service sector improved in January for the first time in three months, the Institute for Supply Management said Wednesday.
February 3, 2010Patriot’s Fiscal 1Q Earnings Decline
Tank and bulk carrier Patriot Transportation Holding’s fiscal first-quarter net income fell 23.5% to $1.34 million, or 43 cents per share, from $1.7 million, or 56 cents, a year ago.
February 3, 2010Ryder’s 4Q Income Declines
Ryder System’s fourth-quarter profit fell to $8.2 million, or 15 cents a share, from $10.6 million, or 19 cents, a year earlier.
February 3, 2010Covenant’s 4Q Loss Narrows
Covenant Transportation Group said late Wednesday its fourth-quarter loss narrowed from a year ago, as freight revenue declined.
February 3, 2010Opinion: Truck Driver Training: The Reality
We almost made it through 2009 without another national news exposé of the trucking industry, but then came November and December. This time, the focus was on truck driver training and motor carrier employment practices.
February 4, 2010