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Technology Briefs - May 3 - 10

Truckers Seeking Out Wireless Internet Technology • XM's Net Loss Widens in 1Q • Stonepath Reports Net Loss Despite Revenue Growth • Minorplanet to Remain Conditionally Listed on Nasdaq

May 10, 2004

April Payrolls Rise 288,000; Unemployment Rate Falls to 5.6%

The Labor Department said Friday that U.S. companies added a total of 288,000 workers to payrolls in April, including 21,000 manufacturing positions, the most in that sector since July 2000.

May 7, 2004

Price of Oil Rises Above $40 in New York

Crude oil futures briefly rose above $40 a barrel on Friday in New York for the first time since the Persian Gulf War in 1990, while a senior OPEC official said the oil cartel would hold an informal meeting to discuss what can be done to lower oil prices, Bloomberg reported.

May 7, 2004

Letter to the Editor: Fuel Prices

Click here to write a Letter to the Editor.The users of truck transportation, the shipping public, must pay a fair surcharge for fuel, which is an uncontrollable variable in the trucking industry.

May 7, 2004

Some Independent Truckers Begin Two-Day Boycott in Virginia

As protesting truck drivers again disrupted the flow of cargo at the Port of Oakland, Calif., on Thursday, independent truckers in Virginia began a two-day boycott at the Hampton Roads port, one of the busiest cargo ports on the East Coast, news services reported.

May 7, 2004

UPS, FedEx See Benefits in Larger European Union

Package carriers based in the United States said they were ready for the European Union’s expansion this month to 25 nations and predicted it would add to profits over the next several years.

May 7, 2004

News Briefs - May 6

Price of Crude Oil Remains Near $40 • Visteon, UAW Sign Seven-Year Accord • Boyd Bros. Profits Rise but Economic Concerns Remain • EGL Earns 13 Cents Per Share in 1Q • And more...

May 6, 2004

Jobless Claims Fall; Worker Productivity Rises

The number of Americans filing initial claims for jobless benefits dropped by 25,000 to 315,000 last week, the fewest since October 2000, the Labor Department said Thursday.

May 6, 2004

Court Rejects Mileage-Based Per Diem Payments

An Arkansas trucking company could be liable for back taxes after Federal Tax Court ruled April 28 that the company could not deduct per diem payments to drivers based on mileage rather than days on the road without substantiation of actual expenses.

May 6, 2004