Supermarket chain owner Royal Ahold will sell its U.S. Foodservice unit to two private-equity firms for $7.1 billion, the Washington Post reported Thursday.
May 3, 2007Business, Safety, Government
P.A.M.’s 1Q Income Slips
Truckload carrier P.A.M. Transportation Services’ first-quarter net income fell to $1.3 million or 12 cents a share, from $5.2 million or 50 cents last year.
May 3, 2007Business
U.S. Foodservice Sold for $7.1 Bln.
Business, Safety, Government
House Sets Some Restrictions on Mexican-Trucks Plan
Mexican trucking companies would be barred from handling U.S. domestic shipments, under a bill approved by the House Transportation Committee, Bloomberg reported.
May 3, 2007Business, Logistics
Expeditors’ 1Q Profit Rises
Logistics firm Expeditors International of Washington’s first-quarter profit rose 13% to $59.3 million or 27 cents a share, from $52.4 million or 24 cents a year ago.
May 3, 2007Business, Safety, Government
ISM Services Index Gains
The Institute for Supply Management’s services index rose to 56 in April from 52.4 in March, ISM said Thursday.
May 3, 2007Business, Government, Safety
Productivity Rises in First Quarter
First-quarter U.S. worker productivity rose 1.7%, the Labor Department said Thursday.
May 3, 2007Business
TNT’s Profit More Than Doubles
Dutch postal company TNT NV said Thursday its first-quarter profit more than doubled from a year ago to $582 million, the Associated Press reported.
May 3, 2007Business
Jobless Claims Drop for Week
Initial jobless claims fell by 21,000 last week, the Labor Department said Thursday.
May 3, 2007Business
Sen. Murray Blasts FMCSA for Truck Safety Inaction
The chairwoman of the Senate panel responsible for funding the Federal Motor Carrier Safety Administration criticized the agency for not doing enough to keep unsafe trucks and drivers off U.S. highways.
May 2, 2007Business, Logistics, Government
TIA Says Customs to Expedite Request for Logistics Firms to Join C-TPAT
May 2, 2007