Transportation and third-party logistics firm Pacer International’s third-quarter profit rose 52% to $20.4 million, or 59 cents a share, from $13.4 million, or 38 cents, a year ago.
October 29, 2008Search
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YRC May Cut Up to 3,750 Positions
YRC Worldwide may cut up to several thousand positions in a cost-reduction move that is part of a stepped-up plan to integrate its Roadway and Yellow Transportation units.
October 29, 2008Fed Cuts Key Interest Rate a Half-Point to 1%
The Federal Reserve Wednesday cut a key U.S. interest rate by half a percentage point, to 1%.
October 29, 2008Deutsche Post Slashes ’08 Guidance; Cites U.S. Weakness
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, 2008Consumer 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, 2008New 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, 2008New 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, 2008CARB 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, 2008Gasoline Plunges 53¢ in Two Weeks, to $2.78 a Gallon, Lundberg Says
The national average price of regular gasoline plunged 53 in the two weeks ended Friday to $2.78 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
October 27, 2008Oil Hits 17-Month Low Near $60 a Barrel
With world financial markets in turmoil, the price of crude oil continued to tumble, reaching a 17-month low below $62 a barrel, Bloomberg reported Monday.
October 27, 2008