Fleet Management

USFreightways suffers first-quarter slump

March 12, 2001

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First-quarter profits will be off the analysts’ mark, say officials at USFreightways Corp., which also announced Friday plans for significant job cuts.

The Chicago-based company has been hurt by falling factory orders and bad weather, officials say, adding that first-quarter results would be below forecasts because of lower revenue and volume in several units, including freight forwarding and logistics.

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