J.B. Hunt’s 1Q Income Drops 16%
J.B. Hunt Transport Services’ first-quarter net income fell 16% to $30.8 million, or 24 cents per share, from $36.4 million, or 28 cents, a year earlier.
April 14, 2009FedEx Removing 14 Jets From Service
FedEx Corp. will permanently remove 14 jets from service as part of an overall plan to reduce capacity and costs and will take a $180 million charge, the Associated Press reported.
April 14, 2009Diesel Rises 0.1¢ to $2.229 a Gallon
Diesel rose by less than a penny in its fourth straight increase, gaining 0.1 cent to $2.229 a gallon, the Department of Energy said Monday.
April 14, 2009March Retail Sales Drop 1.1%
Retail sales fell 1.1% in March, the Commerce Department said Tuesday.
April 14, 2009Business Inventories Fall 1.3% in February
Business inventories fell 1.3% in February, the sixth consecutive decline, the Commerce Department said Tuesday.
April 14, 2009Dupre Logistics Purchases Logistics Plus
Dupre Logistics said it has purchased Logistics Plus to offer more services to the beverage industry.
April 14, 2009Obama Taps Md. Transportation Chief for DOT Deputy Secretary
President Obama will nominate John Porcari, Maryland Transportation Secretary as deputy secretary of the Department of Transportation, the No. 2 DOT job, the White House said.
April 13, 2009Mexico to Press Obama on Trucking Issue
Mexico’s president will urge President Obama at their meeting in Mexico this week to allow Mexican trucks to deliver goods inside the United States, Bloomberg reported Monday.
April 13, 2009Obama Notes Stimulus’ Transport-Project Progress
President Obama Monday said the federal government’s stimulus plan was on track to help shore up the nation’s infrastructure, Bloomberg reported.
April 13, 2009Economic Doldrums Affect Two IT Meeting Schedules
The The Information Technology & Logistics Council, citing economic conditions, postponed until midsummer its annual conference, originally scheduled for March 22-25.
April 13, 2009