The U.S. trade narrowed by 6.7% in April as automobile and oil imports declined and exports rose to a record, the Commerce Department said Thursday.
June 9, 2011BusinessSafety
ATA, OOIDA Call on NHTSA to Examine Truck Crashworthiness Standards
American Trucking Associations and the Owner-Operator Independent Drivers Association have together written to the National Highway Traffic Safety Administration asking the agency to begin researching how standards for crashworthiness for heavy trucks could benefit professional truck drivers.
June 9, 2011Business
Wholesale Inventories Rise 0.8%
Wholesale inventories rose 0.8% in April as auto stockpiles took their biggest drop in more than a year, the Commerce Department said Thursday.
June 9, 2011Business
Initial Jobless Claims Increase By 1,000
Initial jobless rose by 1,000 to 427,000 last week, the Labor Department said Thursday.
June 9, 2011Business
FedEx Boosting Dividend
FedEx Corp. said it will raise its dividend by a penny to 13 cents a share on July 1, for shareholders of record as of June 17.
June 9, 2011GovernmentBusiness
Transportation Sector Activity Was Mixed in April and May, Fed ‘Beige Book’ Report Says
The U.S. economy generally improved in April and May, though some areas showed deceleration and transportation services were mixed, the Federal Reserve said Wednesday.
June 8, 2011Business
DOT Freight Index Rose 3.7% in April
The Department of Transportation said Wednesday its freight transportation services index rose 3.7% in April from a year ago.
June 8, 2011Business
Trucking Executive John Ruan Elected Chamber of Commerce Chairman
The U.S. Chamber of Commerce said Wednesday its board has elected trucking executive John Ruan the group’s new chairman.
June 8, 2011Business
Ryder Buys U.K. Truck Leasing Company
Ryder System said Wednesday it has acquired Bradford, U.K., commercial truck lessor Hill Hire plc in a transaction valued at about $252 million.
June 8, 2011Business
Canadian Postal Strike Continues
Canada’s postal strike continued for into a sixth day Wednesday, with rotating work stoppages reaching the Western cities of Calgary and Edmonton, a spokeswoman for Canada Post said Wednesday.
June 8, 2011