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May Personal Spending Remains Steady; Incomes Rise 0.2%
Personal spending remained steady in May, after rising in each of the previous three months, the Commerce Department said Thursday.
June 30, 2005
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Jobless Claims Fall to Lowest Level in Two Months
The number of U.S. workers filing for initial unemployment benefits fell 6,000 to 310,000 for the week ended June 25, the Labor Department reported Thursday.
June 30, 2005Wilson Logistics Group Changes Name Within TNT
Wilson Logistics Group, which was acquired by TNT Logistics North America in August, changed its name to TNT Freight Management, TNT said Thursday.
June 30, 2005U.S. Reportedly Preparing Racketeering Suit Against Ports' Union
The U.S. government is preparing a civil racketeering lawsuit against the International Longshoremen’s Association union, the New York Times reported Thursday.
June 30, 2005Fed Raises Interest Rates a Quarter-Point to 3.25%
The Federal Reserve Thursday unanimously raised the benchmark U.S. interest rate a quarter-point to 3.25%, the highest since October 2001, and again said it could carry out additional increases at a “measured” pace.
June 30, 2005Overnite’s Stockholders to Vote Aug. 4 on Acquisition by UPS
Less-than-truckload carrier Overnite Corp.’s board of directors said late Tuesday that the company’s shareholders will vote Aug. 4 on Overnite’s pending acquisition by UPS Inc.
June 29, 2005First-Quarter GDP Grows 3.8%, Commerce Reports
The U.S. economy grew at an annual rate of 3.8% in the first quarter, the Commerce Department said Wednesday.
June 29, 2005FMCSA Aims to Create Doctor Registry
ARLINGTON, Va. — The head of the Federal Motor Carrier Safety Administration said the agency would propose a rule in 2006 to electronically link a truck driver’s medical certificate to the state-issued commercial driver license.
June 29, 2005ATA Seeks to Limit Hazmat Restrictions
Click here to write a Letter to the Editor. merican Trucking Associations has asked the federal government to label some hazardous materials as “security sensitive” for regulatory purposes in order to distinguish between hazmats that are a significant security risk in transport and those that are not.
June 29, 2005Crude, Distillate Inventories Improve, DOE Reports
Crude oil and distillate inventories both rose more than expected in the Department of Energy’s weekly inventory report issued Wednesday, sending crude and heating-oil futures lower, Bloomberg reported.
June 29, 2005