Frozen Food Express Reports 4Q Loss
Refrigerated truckload carrier Frozen Food Express Industries said it lost $3.5 million, or 21 cents a share, in the fourth quarter, compared with net income of $4.3 million, or 24 cents, a year earlier.
March 7, 2008Clocks Move Forward One Hour on Sunday for Daylight Saving Time
The Department of Transportation reminds that Daylight Saving Time will begin this Sunday, March 9, with clocks being set ahead one hour for most Americans.
March 6, 2008Deutsche Post’s 4Q Profit Falls
Deutsche Post said Thursday its fourth-quarter profit plunged 61% on a writedown of its U.S. DHL Express unit, Bloomberg reported.
March 6, 2008Navistar Releases 2006 Results
Navistar International Corp. said Thursday it filed its financial results for 2006, as it attempts to catch up with its back financial reporting.
March 6, 2008Dynamex Reports Fiscal 2Q Earnings Dip
Logistics and delivery firm Dynamex Inc. said its second-quarter net income was $3.4 million, or 33 cents a share, compared with $3.7 million, or 35 cents, a year earlier.
March 6, 2008Jobless Claims Fall 24,000 for Week
Initial jobless claims fell by 24,000 for the week ended Saturday, the Labor Department said.
March 6, 2008Fed ‘Beige Book’ Cites Freight Slowdown
The U.S. economy has weakened since the start of the year, hitting both freight transportation and manufacturing, both of which are dealing with soaring energy prices, the Federal Reserve said Wednesday.
March 5, 2008West Coast Ports Facing More Competition
Ports on the East and Gulf Coasts are expanding in an attempt to wrest away business from West Coast ports, including the Long Beach/Los Angeles port complex, the nation’s largest, the Los Angeles Times reported Wednesday.
March 5, 2008ISM Services Index Improves, but Still Shows Contraction
The economy’s service sector contracted in February but improved from January, the Institute for Supply Management said Wednesday.
March 5, 2008Oil Tops $104 for First Time
Oil prices soared $5 to close at more than $104 a barrel for the first time Wednesday following OPEC’s decision to keep output levels steady, Bloomberg reported.
March 5, 2008