Oil fell almost $1 to a seven-week low of less than $76 a barrel Friday as the dollar surged on an unexpected drop in the U.S. unemployment rate, Bloomberg reported.
December 4, 2009Business, Safety
Infrastructure Key to Economy, Trucking Executive Tells Obama
Investing in highway infrastructure is the quickest, most efficient way to create jobs and restore the economy, former American Trucking Associations Chairman Charles “Shorty” Whittington told President Obama at this week's White House jobs summit.
December 4, 2009Business
Unemployment Rate Slips to 10% in November
The U.S. unemployment rate fell to 10% in November, from 10.2% in October, the Labor Department said Friday.
December 4, 2009Business, Government
Factory Orders Rise for Sixth Time in Seven Months
U.S. factory orders rose for the sixth time in seven months in October, the Commerce Department said Friday.
December 4, 2009Business
FedEx Ground to Raise 2010 Rates by 4.9%
FedEx Corp. said late Thursday it will raise its standard list rates for its FedEx Ground and FedEx ϳԹ Delivery units by an average of 4.9%, effective Jan. 4.
December 4, 2009Business, Government, Logistics
Canadian Officials Approve Plans for New Detroit-Windsor Crossing
Canadian federal and local authorities have green-lighted environmental plans for the Detroit River International Crossing project, part of a plan for a new proposed bridge crossing between the U.S. and Canada.
December 4, 2009Business, Logistics
Saddle Creek Acquires ServiceCraft
Third-party logistics firm Saddle Creek Corp. said it acquired logistics firm ServiceCraft Logistics, Buena Park, Calif.
December 4, 2009Business, Safety
Intermodal Traffic Declines for Week
U.S. intermodal rail traffic fell 6.4% in the week ended Saturday compared with the same week last year, the Association of American Railroads said.
December 4, 2009Business, Government, Equipment
Cummins Cutting 400 Jobs at Truck Engine Plant
Cummins Inc. plans to temporarily cut about 400 jobs at a plant in western New York state starting in January because of expected lower demand for the heavy-duty engines produced there, Bloomberg reported.
December 3, 2009Business, Safety, Government
ISM Services Index Contracts
The U.S. economy’s service sector contracted last month, the Institute for Supply Management said Thursday.
December 3, 2009