Frozen Food Express Cites 1Q Loss
Refrigerated carrier Frozen Food Express Industries lost $6.1 million, or 36 cents a share, in the first quarter, compared with a loss of $825,000, or 5 cents, a year ago.
May 6, 2009ArvinMeritor Reports Fiscal 2Q Loss
Truck components maker ArvinMeritor said it lost $52 million, or 72 cents per share, in its fiscal second quarter, compared with a profit of $24 million, or 33 cents per share, a year ago.
May 6, 2009Ritchie Bros. Profit Rises
Ritchie Bros. Auctioneers said it earned $19.9 million, or 19 cents per share, in the first quarter, compared to $16.4 million, or 16 cents, a year ago.
May 5, 2009Bernanke: Economy May Start to Grow This Year
Federal Reserve Chairman Ben Bernanke said Tuesday that the economy will probably start to grow later this year, the Associated Press reported.
May 5, 2009UPS Boosting Asian Operations Centers
UPS Inc. announced plans Tuesday to boost its global post-sales service options by expanding a field stocking location network in India and enhancing its Asia logistics customer support center in the Philippines.
May 5, 2009ISM Services Index Improves in April
The U.S. economy’s service sector rate of contraction slowed last month, the Institute for Supply Management said Tuesday.
May 5, 2009Diesel Falls 1.6¢ to $2.185
The national average price of diesel fuel fell for a third consecutive week, dropping 1.6 cents to $2.185, the Department of Energy said.
May 5, 2009Minn.’s 5% Biodiesel Mandate Takes Effect
Minnesota has implemented its requirement mandating that all diesel sold in the state contain at least 5% biodiesel, the Associated Press reported.
May 5, 2009Sysco Corp.’s 3Q Income Declines
Food-services provider and private fleet operator Sysco Corp. said Monday its fiscal third-quarter operating income fell to $740.6 million, or $1.24 a share, from $772 million, or $1.26, a year ago.
May 4, 2009Wabash Makes 790 Layoffs Permanent
Wabash National Corp. has told the 790 workers it laid off in January that it does not expect to call them back, the Associated Press reported Saturday.
May 4, 2009