Landstar System’s Fourth-Quarter Income Declines
Truckload carrier Landstar System’s fourth-quarter net income fell to $28.7 million or 50 cents a share, from $41.8 million or 70 cents a year earlier.
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Old Dominion’s Fourth-Quarter Profit Rises
Less-than-truckload carrier Old Dominion Freight Line’s fourth-quarter profit rose 21.5% to $17.8 million or 48 cents a share, from $14.7 million or 39 cents a year earlier.
February 1, 2007Target Logistics’ Fiscal Second-Quarter Income Dips
Freight forwarder Target Logistics’ fiscal second-quarter profit fell to $590,000 or 3 cents a share, from $976,000 or 5 cents in the previous second quarter.
February 1, 2007Personal Spending Rises 0.7% in December
Consumer personal spending rose in December by the most in five months and personal incomes also rose, the Commerce Department said Thursday.
February 1, 2007Initial Jobless Claims Fall 20,000 for Week
First-time U.S. jobless claims fell by 20,000 last week to 307,000, the Labor Department said Thursday.
February 1, 2007Delphi Lost $5 Billion in 2006
Bankrupt auto-parts maker Delphi Corp. lost $5.1 billion in 2006, including a $2.9 billion restructuring charge, the Detroit News reported Wednesday.
February 1, 2007Truck Suppliers See Obstacles in Push for ‘World’ Vehicle
LAS VEGAS — Leading heavy-duty truck components manufacturers said technology exists today to build a safer, environmentally friendly and low-cost heavy-duty “world truck,” but major obstacles are consumer acceptance and the lack of a single global standard for emissions and safety technology.
February 1, 2007Scania’s Fourth-Quarter Income Rises as MAN Drops Hostile Bid
Swedish truck maker Scania AB posted a fifth straight gain in quarterly income and German rival MAN AG dropped a hostile takeover bid in favor of friendly negotiations, Bloomberg reported.
February 1, 2007Fed Keeps Benchmark U.S. Interest Rate at 5.25%
For the fifth straight meeting, the Federal Reserve on Wednesday kept the benchmark U.S. interest rate at 5.25%.
January 31, 2007FedEx Completes Acquisition of Indian Express Firm
FedEx Corp. said Wednesday it completed its previously announced acquisition of Indian firm Prakash Air Freight Pvt. Ltd. Terms were not disclosed.
January 31, 2007