A day after rising more than $3, oil prices fell back by about $2 to below $44 a barrel after China downplayed speculation its government would increase a stimulus plan to help its economy, Bloomberg reported.
March 5, 2009Search
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Dynamex Reports Lower 2Q Income
Logistics and delivery firm Dynamex Inc.’s fiscal second-quarter profit fell to $2.3 million, or 24 cents a share, from $3.4 million, or 33 cents, a year ago.
March 5, 2009Factory Orders Decline 1.9% in January
U.S. factory orders fell for a sixth straight month in January, declining 1.9%, the Commerce Department said Thursday.
March 5, 2009Initial, Continuing Jobless Claims Decline
Initial jobless claims fell last week, as did continuing claims, the Labor Department said Thursday.
March 5, 2009Fourth-Quarter Productivity Falls
Fourth-quarter U.S. worker productivity fell at a 0.4% annual rate, the Labor Department said Thursday.
March 5, 2009Oil Rises Past $45 a Barrel
Oil jumped almost $4 Wednesday to more than $45 a barrel, on signs that OPEC may reduce its output and China may take steps to improve its economic output, Bloomberg reported.
March 4, 2009Estes Launches Mexican Logistics Subsidiary
Estes Express Lines said Tuesday that it has launched a Mexican third-party logistics subsidiary, Estes Logistica.
March 3, 2009Medallion Logistics Is Created to Offer Trucking, Brokerage
Gary Weilheimer and Tom Tranovich, who have more than 40 years combined transportation experience, said they are opening linked non-asset-based businesses to serve the logistics industry.
March 3, 2009ISM Services Index Continues Contraction
The U.S. economy’s service sector contracted in February, at a faster pace than the previous month, the Institute for Supply Management said Wednesday.
March 4, 2009Obama Releases Billions for Infrastructure Projects
President Obama released billions of federal dollars Tuesday for public works infrastructure projects to spur job growth and help revive the U.S. economy, Bloomberg reported.
March 4, 2009