FedEx Corp. said its less-than-truckload unit, FedEx Freight, improved its service in key U.S. markets, and that its FedEx National LTL unit now provides long-haul shippers with improved on-time service.
January 17, 2008Search
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TTNews.com to Close Monday for MLK Holiday
TTNews.com will be closed Monday for the Martin Luther King Jr. Day holiday. Please check back on Tuesday, Jan. 22, for the latest trucking and freight transportation news.
January 18, 2007January Michigan Sentiment Index Improves
U.S. consumer confidence rose this month, according to the University of Michigan’s monthly consumer sentiment index released Friday.
January 18, 2008Bush Calls for $150 Bln. Economic Stimulus Plan
President Bush proposed a growth package of as much as $150 billion Friday to counter escalating risks to an economic expansion now in its seventh year, Bloomberg reported.
January 18, 2008Fed ‘Beige Book’ Cites Softer Freight Volumes
Economic activity increased modestly from of mid-November through early January, although demand for transportation services was generally weak, the Federal Reserve said.
January 17, 2008Teamsters Say UPS Freight Workers Sign Cards in New England
The Teamsters union said workers at seven UPS Freight terminals in New England signed cards to join the union, although the cards must now be sent to a neutral arbitrator.
January 17, 2008Jobless Claims Fall for Week
Initial jobless claims fell by 21,000 for the week ended Saturday to 301,000, the lowest level since September, the Labor Department said Thursday.
January 17, 2008Housing Starts Plunge 14% in December
Housing starts plunged 14% in December to the lowest level in 17 years, the Commerce Department said Thursday.
January 17, 2008Rail, Intermodal Traffic Gain
Rail carload and intermodal traffic rose for week ended Saturday compared with a year ago, the Association of American Railroads said.
January 17, 2008Oil Falls to Four-Week Low
Crude oil dipped below $90 a barrel Wednesday for the first time in four weeks, before rebounding to close at $90.84, Bloomberg reported.
January 16, 2008