Today's Flooring News

Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.

U.S. Xpress 2Q Earnings Off

Chattanooga, TN, July 29—-Trucking company U.S. Xpress Enterprises in the second quarter reported net income of $1.9 million, or $0.12 per diluted share, before a one-time pre-tax charge of $2.8 million related to the sale and exit of its airport-to-airpo

2Q GDP Expands 3.4%

Washington, DC, July 29—-GDP rose at an annual rate of 3.4% in the second quarter, according to the Commerce Department. In the first quarter, real GDP increased 3.8%.

House Passes CAFTA

Washington, DC, July 28--The House narrowly approved a controversial trade agreement with Central America early Thursday, handing President Bush a hard-fought trade victory.

Nebraska Furniture to Expand its Kansas City Locat

Kansas City, MO, July, 28--Nebraska Furniture Mart plans a $28 million expansion at its Kansas City, store that will more than double the size of the company’s warehouse, according to the Kansas City Business Journal.

Feltex Earnings Up Before Costs of Exiting Manager

Wellington, New Zealand, July 28--Feltex Carpets Ltd., a New Zealand- based carpet maker that may start merger talks with its biggest rival, said full-year earnings rose as it increased sales and reduced rebates to retailers.

Federated to Convert 330 May Stores to Macy's

Cincinnati, July 28--Federated Department Stores, Inc. will add about 330 Macy's locations nationwide in 2006 as it converts regional department store nameplates to be acquired through its pending merger with The May Department Stores Company.

Dow Chemical 2Q Earnings Up

Midland, MI, July 28--Dow Chemical said its earnings nearly doubled in the second quarter as the company improved sales while keeping costs in check.