FedEx Corp. said Thursday its third-quarter net income more than doubled, to $521 million, or $1.65 per share, from $231 million, or 73 cents, a year ago.
March 22, 2012BusinessLogistics
Trailer Bridge Emerges From Bankruptcy
Trailer Bridge Inc., which provides ocean shipping between Florida, Puerto Rico and the Dominican Republic, has emerged from Chapter 11 with Seacor Holdings as its new majority owner.
March 23, 2012BusinessFuel
Oil Rises Over $107 Following Iran Report
Oil rose almost $2 to more than $107 a barrel Friday following a report that Iranian crude exports may drop due to sanctions, Bloomberg reported.
March 23, 2012Business
Navistar Makes Natural Gas Push at MATS
LOUISVILLE, Ky. — Navistar Inc. made a big push for natural gas at the Mid America Trucking Show, being held here this week.
March 22, 2012BusinessFuel
Oil Falls Below $105 a Barrel
Oil fell more than $2 to below $105 a barrel Thursday, the lowest level in more than two weeks, Bloomberg reported.
March 22, 2012BusinessLogistics
UTi Worldwide’s 4Q Profit Declines
Air and freight forwarder UTi Worldwide said its fiscal fourth-quarter net income slipped to $12.4 million, or 12 cents a share, from $14.5 million, or 14 cents, a year earlier.
March 22, 2012Business
Leading Indicators Rise in February
An index of leading economic indicators rose in February by the most in 11 months, the New York-based Conference Board said Thursday.
March 22, 2012Business
Jobless Claims Fall to Four-Year Low
Initial jobless claims declined by 5,000 last week to the lowest level in four years, the Labor Department said Thursday.
March 22, 2012BusinessFuel
Cummins Kicks Off Natural Gas Theme at MATS With New Engine
LOUISVILLE, Ky. — Engine maker Cummins Inc. told reporters here that the company is moving forward with spark-ignition natural gas engines with a heavy-duty 12-liter engine now, and a 15-liter model in two or three years.
March 22, 2012Business
Kenworth, Peterbilt Unveil New Sleepers, Day Cabs
LOUISVILLE, Ky. — Kenworth Truck Co. and Peterbilt Motors Co. showed off their new heavy-duty trucks here on Wednesday, which they described as premium but competitive tractors.
March 21, 2012