The U.S. economy has weakened since the start of the year, hitting both freight transportation and manufacturing, both of which are dealing with soaring energy prices, the Federal Reserve said Wednesday.
March 5, 2008Business
Jobless Claims Fall 24,000 for Week
Initial jobless claims fell by 24,000 for the week ended Saturday, the Labor Department said.
March 6, 2008Business
West Coast Ports Facing More Competition
Ports on the East and Gulf Coasts are expanding in an attempt to wrest away business from West Coast ports, including the Long Beach/Los Angeles port complex, the nation’s largest, the Los Angeles Times reported Wednesday.
March 5, 2008BusinessSafetyGovernment
ISM Services Index Improves, but Still Shows Contraction
The economy’s service sector contracted in February but improved from January, the Institute for Supply Management said Wednesday.
March 5, 2008BusinessGovernment
Oil Tops $104 for First Time
Oil prices soared $5 to close at more than $104 a barrel for the first time Wednesday following OPEC’s decision to keep output levels steady, Bloomberg reported.
March 5, 2008GovernmentBusinessSafety
Fourth-Quarter Productivity Revised Upward to 1.9%
Fourth-quarter U.S. worker productivity rose 1.9%, up from an earlier reported 1.8% figure, the Labor Department said Wednesday.
March 5, 2008BusinessSafetyGovernment
DHS Announces TWIC Enrollment Dates for 10 Ports
The Department of ºÚÁϳԹÏÍøland Security said enrollment in its Transportation Worker Identification Credential program will begin at 10 more locations in coming weeks.
March 5, 2008GovernmentBusinessSafetyTechnologyEquipment
Opinion: Be Ready to Explain Your SAFER Scores
Look closely at the tractors traveling down the road today and see if you can spot the real-time digital readout of the unit’s Safety and Fitness Electronic Record System scores.
March 4, 2008BusinessLogistics
Deutsche Post Splitting Logistics Unit
Deutsche Post AG will split its logistics division into two businesses, and the company appointed managers for the new units, Bloomberg reported Tuesday.
March 4, 2008Business
Kenan Advantage Group Completes Acquisition
Kenan Advantage Group said Tuesday provider it completed its acquisition of Chicago-based Transport Service Co. Terms were not released.
March 4, 2008