GM to Temporarily Close 13 U.S. Plants
General Motors Corp. will idle 13 U.S. assembly plants for several months this summer to trim inventory after U.S. sales fell 49% this year in the first quarter, Bloomberg reported.
April 24, 2009BNSF’s First-Quarter Profit Drops 55%
Burlington Northern Santa Fe Corp.’s first-quarter profit fell 55% on a one-time charge and lower shipping demand.
April 23, 2009Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 18.3% for the week ended Saturday, compared with the same week last year, the Association of American Railroads said Thursday.
April 23, 2009UPS Reports Lower First-Quarter Income
UPS Inc.’s first-quarter net income fell by more than half to $401 million, or 40 cents a share, from $906 million, or 87 cents, a year ago.
April 23, 2009Old Dominion’s First-Quarter Profit Declines
Old Dominion Freight Line said Thursday its first-quarter profit declined to $4 million, or 11 cents per share, from $10.4 million, or 28 cents, a year ago.
April 23, 2009Union Pacific’s 1Q Profit Falls 18%
Union Pacific Corp.’s first-quarter profit fell 18% to $362 million, or 72 cents per share, from $443 million, or 85 cents, a year ago.
April 23, 2009Existing Home Sales Fall 3%
Existing homes sales fell 3% in March, the National Association of Realtors said Thursday.
April 23, 2009Jobless Claims Rise for Week
Initial jobless claims rose by 27,000 last week, the Labor Department said Thursday.
April 23, 2009Canadian Pacific Reports Lower 1Q Income
Canadian freight railroad Canadian Pacific’s first-quarter net income fell 31.1% to C$62.5 million, or 39 cents a share, from C$90.7 million, or 59 cents a share a year earlier.
April 23, 2009Rush Reports Lower First-Quarter Profit
Truck dealership Rush Enterprises’ first-quarter net income fell to $2.9 million, or 8 cents a share, from $9.7 million, or 25 cents, a year ago.
April 22, 2009