FedEx Corp. said the federal government will not require it to pay employment taxes for contract drivers in its ground-delivery unit for 2004 through 2006, supporting its assertion that they should not be treated as employees, Bloomberg reported.
November 12, 2009Business
Initial Jobless Claims Fall to 10-Month Low
Initial jobless claims fell by 12,000 last week to 502,000, the Labor Department said Thursday.
November 12, 2009Business
Oil Rises to Near $80 a Barrel
Oil rose slightly Wednesday but held below $80 a barrel on the New York Mercantile Exchange, Bloomberg reported.
November 11, 2009Business
Trailer Bridge’s Third-Quarter Income Improves
Trailer Bridge Inc.’s third -quarter profit rose to $1.7 million, or 14 cents per share, from $34,000, or zero cents, a year ago.
November 11, 2009Business
Oshkosh Gets $438 Million Contract for 1,000 Trucks
Oshkosh Corp. won a $438 million contract from the U.S. military for an additional 1,000 blast-proof trucks, giving the company contracts to build 6,219 of the vehicles destined for U.S. troops in Afghanistan, Bloomberg reported Wednesday.
November 11, 2009GovernmentBusinessSafety
ATA Challenging D.C. Truck Rules
American Trucking Associations and two state ATA affiliates, Maryland and Virginia, are taking issue with the District of Columbia’s new thrust on truck lengths and credential requirements.
November 10, 2009GovernmentBusinessSafety
House Panel to Hold Wetlines Hearing Monday in Baltimore
The chairwoman of a House subcommittee has scheduled a field hearing Monday in Baltimore on a controversial House bill that would prohibit the transportation of flammable liquids in unprotected product piping on both existing and newly-manufactured cargo tank trucks.
November 10, 2009GovernmentBusinessLogistics
Vermont-New York Bridge Will Not Reopen
Officials in Vermont and New York have decided the Crown Point Bridge connecting the two states at the southern tip of Lake Champlain is too badly deteriorated to repair.
November 10, 2009GovernmentBusinessSafety
IRS Drops $319 Million Levy over FedEx Owner-Operators
FedEx Corp. said an Internal Revenue Service audit team has proposed that no assessment of federal employment taxes be made against the company’s ground parcel unit for 2002, an important step in FedEx’s continuing legal battle over whether some of its workers are independent contractors or employees.
November 10, 2009BusinessFuel
Diesel to Average Near $3 a Gallon in 2010, DOE Says
Retail diesel will average $2.79 in the fourth quarter and rise 50 cents from this year’s projected average to nearly $3 a gallon next year, the Department of Energy said.
November 10, 2009