FedEx Corp. said it will raise its quarterly dividend to 10 cents a share, from 9 cents, on July 2.
May 29, 2007Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Consumer Confidence Gains in May
Consumer confidence improved in May, the New York-based Conference Board said Tuesday.
May 29, 2007DAF to Boost Truck Output To Meet High European Demand
DAF Trucks NV, a unit of U.S. truck maker Paccar Inc., plans to increase production at its main plant by about 5% to 192 vehicles per day starting in June to meet high European freight transport demand, Bloomberg reported Tuesday.
May 29, 2007AirIq Posts Small 1Q Profit
FedEx to Increase Quarterly Dividend
PSE&G to Buy Hybrid Trucks
New Jersey utility company Public Service Electric and Gas Co. Tuesday unveiled plans Tuesday to replace 1,300 vehicles with hybrids and making changes in other areas of its corporate fleet.
May 29, 2007Union Fund Exit Would Cost UPS Up to $4 Billion
UPS Inc. would have to pay about up to $4 billion to cover its share of a Teamsters聽pension fund鈥檚 obligations, industry sources said.
May 28, 2007STB Asked to Delay New Limits On Freight Rate-Setting Bureaus
The National Motor Freight Traffic Association has asked the Surface Transportation Board to delay a decision to end antitrust immunity for trucking rate bureaus.
May 28, 2007Technology Speeds Load-Planning Tasks
Eight years ago, a busy day for load planner Rick Demitruk of Express-1 Expedited Solutions Inc. meant dispatching 20 to 30 loads and shepherding them through to delivery.
May 28, 2007Diesel Rises 3垄 to $2.803 a Gallon
Diesel fuel's national average price聽rose 3 cents to $2.803 a gallon last week, while retail gasoline spiked 11.5 cents to an all-time record of $3.218.
May 28, 2007Allied Holdings Names Gendregske CEO
Allied Holdings, Decatur, Ga., the bankrupt parent of auto hauler Allied Automotive Group, on Friday said it聽named Mark Gendregske, the former head of Vector SCM, its new chief executive officer.
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