American Pride
Postal Service Narrows Loss in 1Q
The U.S. Postal Service lost less money in its first fiscal quarter than the same period last year as it cut costs and increased revenue from its shipping and packing business.
February 7, 2014Echo Global’s Income Declines
Echo Global Logistics Inc. said its profit fell in the fourth quarter due to weak demand in November that only partially recovered in December.
February 7, 2014American Axle’s Fourth-Quarter Profit Drops
American Axle & Manufacturing Holdings reported its fourth-quarter profit declined on costs associated with debt refinancing.
February 7, 2014Trucking Adds 3,200 Jobs; Unemployment Rate Falls to 5-Year Low of 6.6%
Trucking accounted for 3,200 of the 113,000 jobs added in January, and the U.S. unemployment rate fell to a five-year low of 6.6%, the Labor Department reported Feb. 7.
February 7, 20144.1% Rise in Retail Sales Predicted for 2014
Retail sales are projected to increase 4.1% in 2014 as the economy continues to improve, the National Retail Federation said.
February 7, 2014Intermodal Rail Traffic Hits Record in January
The weekly average intermodal rail volume for January rose to the highest level on record for the month, the Association of American Railroads reported.
February 7, 2014Union Pacific Names Lance Fritz President
Union Pacific Corp. announced that it has named Lance Fritz president of Union Pacific Railroad, its chief operating company.
February 6, 2014Daimler’s Truck Earnings Nearly Double While Company’s Profit Falls
Daimler AG said fourth-quarter earnings at its global truck division nearly doubled from a year ago, but companywide profit declined.
February 6, 2014Cummins’ Profit Grows in 4Q
Cummins Inc. reported higher fourth-quarter profit than the same period a year ago as sales increased in North America and Europe.
February 6, 2014