Cass Information Systems, the freight bill-processing unit of a St. Louis bank, said that shipments in August rose 16.5% from the same month last year.
September 3, 2010BusinessFuel
Oil Slips to Near $74 a Barrel
Oil prices to near $74 a barrel Friday following economic data that showed the service sector’s growth slowed, Bloomberg reported.
September 3, 2010Business
Unemployment Rate Rises to 9.6%; Trucking Jobs Hold Steady
The U.S. unemployment rate rose to 9.6% in August from July’s 9.5%, with trucking jobs taking a slight upturn, the Labor Department said Friday.
September 3, 2010BusinessEquipment
ISM Services Index’s Growth Slows in August
The U.S. economy’s service sector expanded in August, though its pace of growth slowed, the Institute for Supply Management said Friday.
September 3, 2010BusinessLogistics
Intermodal Traffic Continues Strong Pace
Intermodal traffic reached its highest weekly level this year for a third straight week, the Association of American Railroads said.
September 3, 2010BusinessSafetyGovernmentAutonomous
TTNews.com Closed Monday for Labor Day
Transport Topics Online will be closed Monday, Sept. 5, for the Labor Day holiday. Please check back on Tuesday, Sept.6, for the latest trucking and freight transportation news.
September 2, 2010Business
UTi Worldwide’s 2Q Profit Jumps
Air and freight forwarder UTi Worldwide’s fiscal second-quarter net income rose to $18.9 million, or 19 cents a share, from $11.8 million, or 12 cents, a year earlier.
September 2, 2010Business
Factory Orders Improve in July
U.S. factory orders increased 0.1% in July, the Commerce Department said Thursday.
September 2, 2010Business
Productivity Rate Drops in Second Quarter
U.S. workers’ productivity fell more than previously estimated in the second quarter, the Labor Department said Thursday.
September 2, 2010Business
New Jobless Claims Fall for Week
Initial jobless claims declined by 6,000 last week, the second straight decline after a month of increases, the Labor Department said Thursday.
September 2, 2010