FedEx Corp. said Thursday its fiscal second-quarter profit rose 3%, but it cited difficult economic conditions and said it would trim senior executives’ salaries and set a hiring freeze.
December 18, 2008Search
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Leading Indicators Drop 0.4% in November
An index of leading economic indicators fell 0.4% in November, marking the fifth downturn in seven months, the New York-based Conference Board said Thursday.
December 18, 2008Hub Group Downgrades 4Q Outlook
Third-party logistics company and freight broker Hub Group said its full-year 2008 earnings will be lower than previously estimated, due to sluggish intermodal and brokerage volumes and pricing.
December 18, 2008Unemployment Claims Decrease Slightly
First-time unemployment claims dropped last week but stayed near a 26-year high, the Labor Department said Thursday.
December 18, 2008Groups File with FMCSA Against Hours-of-Service Rules
A coalition of advocacy groups including Public Citizen and the Teamsters union has asked the Federal Motor Carrier Safety Administration to reconsider key provisions of its controversial hours-of-service rule.
December 18, 2008AAA Forecasts a Decrease in Christmas Holiday Travel
There will be a slight decline in the number of Americans traveling during the Christmas holiday period compared with last year, first such decline in six years, according to the motorists’ group AAA.
December 17, 2008Wabash National Sets Agreement with PODS
Trailer maker Wabash National Corp. and PODS Enterprises signed a multi-year agreement for Wabash to build and service all of PODS’ portable storage container requirements.
December 17, 2008Letters to the Editor: EOBR Mandate; Auto Bridge Loan; Broker Legislation; Medical Certificates
Onboard recording devices are the future. Successful use of these devices . . . does not eliminate cheating on the logs, in spite of anything Joan what’s-her-name thinks. Ask any driver [at a company that uses them].
December 17, 2008Opinion: Trucking and the New Administration
Election day has come and gone, and regardless of political persuasion, the optimist in each of us hopes President-elect Barack Obama’s administration heralds an uplifting and more positive era of government.
December 17, 2008FedEx May Cut Jobs Amid Slumping Economy
FedEx Corp. may cut jobs to trim labor costs, and speed retirement of older jets and halt expansion of its FedEx Office printing shops, Bloomberg reported Wednesday.
December 17, 2008