Eastern freight railroad CSX Corp. said its per-share profit fell 27% in the first quarter.
April 15, 2009BusinessLogistics
US 1 Reports Flat Fourth-Quarter Income
Logistics firm US 1 Industries said its fourth-quarter net income was flat at $582,000, or 4 cents a share, compared with $579,000, or 4 cents, a year earlier.
April 15, 2009Business
Industrial Production Declines 1.5%
Industrial production fell 1.5% in March, marking the fifth straight monthly downturn, the Federal Reserve said Wednesday.
April 15, 2009BusinessGovernment
New York Manufacturing Index Improves
Manufacturing activity in the New York region improved this month, the Federal Reserve Bank of New York said Wednesday.
April 15, 2009FuelBusinessGovernment
Diesel Price Projected to Rise, DOE Says
Diesel fuel will average $2.23 a gallon this quarter and rise to $2.31 in the third quarter, the Energy Department said.
April 14, 2009BusinessSafetyGovernment
DOT Advising White House on Mexican Trucking Issue
Transportation Secretary Ray LaHood has sent the White House recommendations aimed at ending a trucking dispute with Mexico, expected to be high on the agenda when President Obama visits Mexico later this week, Reuters reported.
April 14, 2009BusinessGovernmentLogistics
SoCal Ports Facing West Coast Competition
The Southern California Ports of Los Angeles and Long Beach are losing business to other West Coast ports, even as the Port of Long Beach approved a $750 million expansion, news services reported.
April 14, 2009Business
J.B. Hunt’s 1Q Income Drops 16%
J.B. Hunt Transport Services’ first-quarter net income fell 16% to $30.8 million, or 24 cents per share, from $36.4 million, or 28 cents, a year earlier.
April 14, 2009Business
FedEx Removing 14 Jets From Service
FedEx Corp. will permanently remove 14 jets from service as part of an overall plan to reduce capacity and costs and will take a $180 million charge, the Associated Press reported.
April 14, 2009BusinessFuel
Diesel Rises 0.1¢ to $2.229 a Gallon
Diesel rose by less than a penny in its fourth straight increase, gaining 0.1 cent to $2.229 a gallon, the Department of Energy said Monday.
April 14, 2009