Postal Services Reports $384 Million Loss
The U.S. Postal Service lost $384 million its first quarter, it said Wednesday.
February 5, 2009DOT ‘TIGER’ Team to Coordinate Role in Recovery Plan
The Department of Transportation has created a team to coordinate its role in President Obama’s economic recovery program, to ensure that funding is made available quickly for transportation infrastructure projects and that project spending is monitored and transparent.
February 5, 2009Fourth-Quarter Productivity Rises 3.2%
Fourth-quarter U.S. worker productivity increased at a 3.2% annual rate, the Labor Department said Thursday.
February 5, 2009Interstate Bakeries Exits Chapter 11
Interstate Bakeries Corp. has emerged from bankruptcy after four years of operating under Chapter 11 protection, agreeing to a plan that gives financial control to New York investment firm Ripplewood Holdings and a group of the company’s lenders, news services reported.
February 4, 2009Ryder’s Fourth-Quarter Income Declines
Ryder System said Wednesday its fourth-quarter profit fell to $10.6 million, or 19 cents a share, from $71.9 million, or $1.24, a year ago.
February 4, 2009ISM Services Index Improves, But Still Shows Contraction
The U.S. economy’s service sector contracted in January but at a lower rate than previously reported, the Institute for Supply Management said Tuesday.
February 4, 2009Xata Reports Smaller 1Q Loss
Transportation software firm Xata Corp. said Wednesday it lost $716,000, or 8 cents a share, in its fiscal first quarter, compared with a loss of $1.1 million, or 14 cents, a year ago.
February 4, 2009Senate GOP Blocks Additional $25 Billion for Highways
Senate Republicans Tuesday blocked a proposal to add billions of dollars of highway and mass transit funding to the economic stimulus bill continuing to shape, the Associated Press reported.
February 3, 2009Wal-Mart Receives Prototype Hybrid from ArvinMeritor
ArvinMeritor Inc. said Tuesday that it has presented Wal-Mart Stores Inc. with a prototype heavy-duty truck equipped with the first Meritor diesel-electric drivetrain.
February 3, 2009Covenant Reports Loss for 4Q, Year
Covenant Transportation Group said Tuesday it lost $39.8 million, or $2.83 per share, compared with a profit of $176 million or 1 cent, a year ago.
February 3, 2009