Business Inventories Take Largest Drop in Three Years
Business inventories fell 0.2% in September, the largest decline in three years, the Commerce Department said Friday.
November 14, 2008Import Prices Fall 4.7% in September
The price of goods imported to the United States fell 4.7% in October, the largest drop since recording began in 1992, the Labor Department said Friday.
November 14, 2008Post Office Is $2.8 Billion in Red
The United States Postal Service was $2.8 billion in the red in the fiscal year ended in September, the Associated Press reported Thursday.
November 14, 2008Intermodal Traffic Falls for Week
Rail and intermodal traffic fell sharply last week from the same week a year ago, the Association of American Railroads said Thursday.
November 14, 2008DOT Freight Index Unchanged in September
The Department of Transportation’s freight transportation services index for September was unchanged from a year ago but fell 2.5% from its August level, DOT said Thursday.
November 13, 2008Wal-Mart’s 3Q Earnings Rise
Retailer Wal-Mart Stores said Thursday its fiscal third-quarter earnings rose 10%, but the company trimmed its full-year outlook.
November 13, 2008Velocity Reports $11.3 Million 1Q Loss
Velocity Express Corp. reported it lost $11.3 million, or $3.45 a share, in its fiscal first quarter, compared with a loss of $11.1 million, or $4.22, a year earlier.
November 13, 2008Initial Jobless Claims Reach 7-Year High
First-time unemployment claims reached the highest level in seven years last week, and the number of people on unemployment rolls reached the highest level in 25 years, the Labor Department said Thursday.
November 13, 2008DOE Slashes Fuel-Price Outlook for 2009
The Energy Department sharply cut its price forecasts for crude oil, diesel and gasoline for next year, citing lower world demand in a sluggish global economy.
November 12, 2008FedEx Targets Boosting Fleet Fuel Efficiency 20% by 2020
FedEx Corp. said Wednesday it plans to improve the fuel efficiency of its FedEx Express vehicle fleet by 20% and reduce carbon dioxide emissions from its aircraft fleet by 20% by 2020.
November 12, 2008