Construction spending fell 1.1% in March, the Commerce Department said Thursday.
May 1, 2008Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Longshoreman’s Union Walks Off Job at West Coast Ports
More than 25,000 members of the International Longshore and Warehouse Union walked off the job at 29 West Coast ports Thursday, in a protest over the war in Iraq.
May 1, 2008Purolator, Teamsters Canada Reach Tentative Pact
Purolator Courier and Teamsters Canada have reached a tentative agreement on a contract renewal for Purolator’s couriers, package handlers, truck drivers and owner-operators across Canada, the company said.
May 1, 2008Salisbury Named CEO at Fikes Truck Line
Fikes Truck Line named Gary Salisbury its chief executive officer this month, the company said. He takes over from owner and former president Jim Smith, who remains chairman of the board.
May 1, 2008ISM Manufacturing Index Continues to Show Contraction
The Institute for Supply Management’s manufacturing index continued to show contraction in April, matching March’s reading, ISM said Thursday.
May 1, 2008Construction Spending Drops 1.1%
Oshkosh Reports Higher 2Q Profit
Specialty truck maker Oshkosh Truck Corp. reported a fiscal second-quarter profit of $72.6 million, or 97 cents a share, up from $50.9 million, or 68 cents, a year ago.
May 1, 2008Jobless Rolls Reach Four-Year High
Initial jobless claims rose to a four-year high last week, the Labor Department said Thursday.
May 1, 2008Personal Spending Rises 0.4%
Consumer personal spending rose 0.4% in March, the Commerce Department said Thursday.
May 1, 2008Snow Closes I-70 Near Denver
Authorities closed westbound lanes of Interstate 70 west of Denver Thursday because of accidents caused by a spring snowstorm, the Associated Press reported.
May 1, 2008Frozen Food Express Reports 1Q Loss
Refrigerated truckload carrier Frozen Food Express Industries said it lost $825,000, or 5 cents a share, in the first quarter, compared with a loss of $233,000, 1 cent, a year ago.
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