Thursday, September 16, 2010
On its fiscal first quarter earnings call earlier today, FedEx announced some significant changes for FedEx Freight, its less-than-truckload (LTL) unit
Posted on 09/16 at 09:45 AM
FedEx got fiscal year 2011 off to a strong start, with net income of $380 million for the quarter for a 110 percent increase from $181 million during the same timeframe a year ago.
Wednesday, September 15, 2010
Earlier today, Senator John D. (Jay) Rockefeller (D-WV) released a report entitled “The Current Financial State of the Class I Freight Rail Industry,” which takes Class I railroads to task for what he described as earning record profit margins at the expense of shipper customers.
Imports lead the way at both ports, while exports show sequential declines.
Following a nearly 2 percent gain in July, the results from the most recent Ceridian-UCLA Pulse of Commerce Index (PCI) took a slight dip in August
Retail sales and business inventories hit levels in August that topped expectations. There are two ways to look at this, I suppose: one being economic expectations these days are relatively low, and the other being that it is—and will remain—a long, slow crawl back to a sustained economic recovery.
Tuesday, September 14, 2010
The United States Postal Service kicked off negotiations with the National Rural Letter Carriers Association this week. The current contract for the NRLCA expires at midnight on November 20.
Posted on 09/14 at 12:54 PM
Retail sales in August showed modest increases, according to data released earlier today by the United States Department of Commerce and the National Retail Federation (NRF).
Following four straight weeks of declines, diesel prices went north for the week ending September 13, according to data released this week by the Department of Energy’s Energy Information Administration (EIA).
While the July index is down 22% from June, it is up 49% from the July 2009 index of 88