GM 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, 2009EDI for Trucking: Everything You Need to Know
Discover the transformative power of EDI for Trucking with Truckbase. Learn how seamless EDI integrations enhance data accuracy, operational efficiency, and customer satisfaction for asset-based carriers.
First-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, 2009Frozen Food Express Cites 1Q Loss
Refrigerated carrier Frozen Food Express Industries lost $6.1 million, or 36 cents a share, in the first quarter, compared with a loss of $825,000, or 5 cents, a year ago.
May 6, 2009ArvinMeritor Reports Fiscal 2Q Loss
Truck components maker ArvinMeritor said it lost $52 million, or 72 cents per share, in its fiscal second quarter, compared with a profit of $24 million, or 33 cents per share, a year ago.
May 6, 2009Ritchie Bros. Profit Rises
Ritchie Bros. Auctioneers said it earned $19.9 million, or 19 cents per share, in the first quarter, compared to $16.4 million, or 16 cents, a year ago.
May 5, 2009Bernanke: Economy May Start to Grow This Year
Federal Reserve Chairman Ben Bernanke said Tuesday that the economy will probably start to grow later this year, the Associated Press reported.
May 5, 2009