Germany’s Deutsche Post AG, parent of parcel carrier DHL Express, slashed its 2008 earnings guidance and withdrew its 2009 outlook, warning that worsening economic conditions, particularly in the United States, are cutting into its profits.
October 29, 2008GovernmentBusinessSafety
P.A.M. Takes $3.2 Million 3Q Loss
Truckload carrier P.A.M. Transportation Services said it lost $3.2 million, or 33 cents a share, in the third quarter, compared with net income of $36,000, or zero cents, a year earlier.
October 29, 2008BusinessGovernment
Durable Goods Orders Rise 0.8% in September
Durable goods orders rose 0.8% in September, the Commerce Department said Wednesday.
October 29, 2008BusinessLogisticsFuelGovernment
Diesel Tumbles 19.4¢ to $3.288; Gas Plunges 25.8¢ to $2.656
Diesel’s national average pump price fell for the 14th time in 15 weeks, declining 19.4 cents to $3.288 a gallon, its lowest price since February, the Department of Energy said Monday.
October 28, 2008GovernmentBusiness
Consumer Confidence Falls to Record Low in October
Consumer confidence fell to a record low in October as stocks plunged and the credit crisis worsened, the New York-based Conference Board said Tuesday.
October 28, 2008BusinessSafetyGovernment
Covenant Reports 3Q Loss
Covenant Transportation Group said late Monday it lost $3.4 million, or 24 cents a share, in the third quarter, compared with a loss of $3.6 million, or 25 cents, a year ago.
October 27, 2008BusinessSafetyGovernment
Covenant Reports 3Q Loss
Covenant Transportation Group said late Monday it lost $3.4 million, or 24 cents a share, in the third quarter, compared with a loss of $3.6 million, or 25 cents, a year ago.
October 27, 2008BusinessGovernment
New 91ÊÓƵ Sales Rise 2.7% in September
New home sales rose 2.7% in September from a 17-year low the month before, the Commerce Department said Monday.
October 27, 2008BusinessGovernment
New 91ÊÓƵ Sales Rise 2.7% in September
New home sales rose 2.7% in September from a 17-year low the month before, the Commerce Department said Monday.
October 27, 2008GovernmentBusinessSafetyFuel
CARB Diesel Regs Available for Public Comment
The California Air Resources Board has made available for public comment the latest draft version of two regulations that are aimed at cleaning up emissions from the estimated 1 million heavy-duty diesel trucks that operate in California.
October 27, 2008