FedEx Corp. said it may not go through with a $7.7 billion purchase of 30 new jet planes for air freight if federal law is changed to make it easier for its employees to join a union, Bloomberg reported.
March 25, 2009Government, Business
Fourth-Quarter GDP Contracts 6.3%
The U.S. economy contracted at an annual rate of  6.3% rate in the fourth quarter, marking the biggest contraction since 1982, the Commerce Department said Thursday.
March 26, 2009Business, Fuel, Government
UTi Worldwide Reports Fourth-Quarter Loss
Air and ocean freight forwarder UTi Worldwide lost $89.8 million, or 89 cents per share, for its fiscal fourth quarter, compared with a profit of $18 million, or 18 cents per share, a year ago.
March 26, 2009Government, Business, Logistics, Technology, Equipment, Safety
House Bill Would Extend Size, Weight Limits
A House bill would freeze the truck size and weight limits of 53 feet for trailers and 80,000 pounds for the entire national highway system.
March 26, 2009Business, Government
February New ºÚÁϳԹÏÍø Sales Rise 4.7%
New home sales rose 4.7% in February after bottoming out in January at the lowest rate on record, the Commerce Department said Wednesday.
March 25, 2009Business, Government
Durable Goods Post 3.4% Gain in February
Durable goods orders rose 3.4% in February, the biggest gain in more than a year and the first in seven months, the Commerce Department said Wednesday.
March 25, 2009Business, Fuel, Government
FedEx May Scrub $7.7 Bln. Order for New Jets
Business, Safety, Government
LaHood Says U.S. Seeking to Revive Mexican Trucking Plan
Transportation Secretary Ray LaHood wants to revive the cross-border trucking program with Mexico that lets some carriers from that country deliver goods into the United States beyond a set border zone, Bloomberg reported Tuesday.
March 24, 2009Business, Government
Sen. Specter Opposes Card Check Bill
Sen. Arlen Specter, the only Republican senator to support the Employee Free Choice Act when it was debated two years ago, said Tuesday he would vote against the legislation, the Associated Press reported.
March 24, 2009Business, Government, Safety, Fuel
EPA Eyes Regulating Greenhouse Gas Emissions
The Environmental Protection Agency may seek to limit greenhouse gas emissions, the Washington Post reported Tuesday.
March 24, 2009Government
Mass. Pushes Turnpike Toll Hikes to July
The Massachusetts Turnpike Authority board voted Monday to delay a toll increase that was to take effect this weekend, postponing it to July 1, the Associated Press reported.
March 24, 2009