Opinion: To Survive a Tough Economy — Focus
A shroud of insecurity continues to linger on the U.S. economy, with many trucking and logistics providers tending to the wounds of 2008 and preparing for the uncertainty still looming over the rest of 2009.
May 8, 2009Best Trucking Invoicing Software for Growing Carriers
Managing invoices and billing efficiently is crucial for maintaining cash flow and ensuring business growth.
Pacer Takes $177 Million First-Quarter Loss
Transportation and third-party logistics firm Pacer International reported a first-quarter loss of $177.4 million, or $5.11 per share, compared with a profit of $13.4 million, or 38 cents, a year earlier.
May 7, 2009Expeditors’ 1Q Profit Drops 11%
Logistics firm Expeditors International of Washington’s first-quarter net income fell 11% to $59.3 million, or 27 cents a share, from $66.5 million, or 30 cents, a year ago.
May 7, 2009Dana Reports First-Quarter Loss
Truck axle and frame maker Dana Holding Corp. posted a first-quarter loss of $157 million, Bloomberg reported.
May 7, 2009GM Posts $5.9 Billion Quarterly Loss
General Motors Corp., facing a government-imposed June 1 bankruptcy deadline, posted a $5.9 billion loss for its first quarter, as sales fell almost in half, Bloomberg reported.
May 7, 2009First-Quarter Productivity Improves
First-quarter U.S. worker productivity improved at an 0.8% annual rate in the first quarter, the Labor Department said Thursday.
May 7, 2009Initial Jobless Claims Drop to Three-Month Low
Initial jobless claims fell to a three-month low last week but the number of people receiving continuing claims reached another new record, the Labor Department said Thursday.
May 7, 2009Oil Closes at 6-Month High Over $56 a Barrel
Oil rose more than $2 Wednesday to close above $56 a barrel — the highest price in almost six months — following an Energy Department report that showed a smaller-than-expected increase in stockpiles, Bloomberg reported.
May 6, 2009Patriot Transportation’s Fiscal 2Q Income Rises
Tank and bulk carrier Patriot Transportation Holding said Wednesday its fiscal second-quarter net income rose to $1.4 million, or 45 cents a share, from $626,000, or 20 cents, a year ago.
May 6, 2009Deutsche Post’s First-Quarter Profit Improves
Deutsche Post, the Germany-based parent company of DHL Express, said Wednesday its first-quarter quarter profit jumped despite lower revenue, the Associated Press reported.
May 6, 2009