The three-day Roadcheck 2009 event sponsored by the Commercial Safety Vehicle Alliance wraps up Thursday, with more than 1,000 checkpoints set up on roads and highways across North America to monitor truck safety compliance.
June 4, 2009Business, Fuel, Government
UTi Worldwide’s Profit, Revenue Decline
Air and freight forwarder UTi Worldwide reported a decline in net income and revenue for its fiscal first quarter, due the ongoing recession.
June 5, 2009Business
Oil Closes Week Below $70
Oil topped $70 Friday before falling to close the trading week at more than $68 a barrel on the New York Mercantile Exchange, Bloomberg reported.
June 5, 2009Business, Government
Three-Day Roadcheck 2009 Wraps Up Thursday
Business
FedEx to Take $885 Million 4Q Charge
FedEx Corp. will report $885 million in costs for its fourth fiscal quarter ended May 31 to write down the value of its Kinko’s Inc. and Watkins Motor Line acquisitions, Bloomberg reported.
June 4, 2009Business, Logistics
Dynamex Reports Lower 3Q Income
Logistics and delivery firm Dynamex Inc.’s fiscal third-quarter profit fell to $1.6 million, or 17 cents a share, from $3.8 million, or 37 cents, a year ago.
June 4, 2009Business, Government, Safety
Productivity Level Rises 1.6% in First Quarter
First-quarter U.S. worker productivity improved at an annual rate of 1.6% in the first quarter, twice the level originally reported, the Labor Department said Thursday.
June 4, 2009Business, Safety
Continuing Jobless Claims Decline for First Time in Five Months
Initial jobless claims dipped 4,000 last week, while the number of Americans collecting continuing jobless benefits fell for the first time in five months, the Labor Department said Thursday.
June 4, 2009Business, Fuel
Oil Closes Near $70 a Barrel
Crude oil rose to near $70 a barrel Thursday before receding to close the trading day at just under $69 on the New York Mercantile Exchange, Bloomberg reported.
June 4, 2009Business, Fuel, Government
Oil Drops $2 After DOE Cites Higher Inventories
Oil prices took their biggest one-day drop in six weeks Wednesday to near $66 a barrel following an Energy Department report that showed crude inventories improved last week, Bloomberg reported.
June 3, 2009Business
Administration Warns Highway Fund Could Be Out of Money by August
The Obama administration is warning that the Federal Highway Trust fund will run out of money in August if lawmakers don't give it an infusion of $5 billion to $7 billion, the Associated Press reported.
June 3, 2009