The Department of Transportation said its freight transportation services index fell 8.5% in April from a year earlier to its lowest level in seven years.
June 10, 2009Government, Business, Safety
Oil Rises Over $72 a Barrel
Oil rose past $72 a barrel in after-hours trading Wednesday for the first time in seven months, Bloomberg reported.
June 11, 2009Business
Initial Jobless Claims Fall to 601,000
Initial jobless claims fell by 24,000 last week, the Labor Department said Thursday.
June 11, 2009Business, Government
Retail Sales Increase 0.5%, Commerce Says
Retail sales climbed 0.5% in May, the first increase in three months, the Commerce Department said Thursday.
June 11, 2009Business, Safety, Government, Logistics
Echo Acquires Raytrans Distribution
Echo Global Logistics said that it has acquired Raytrans Distribution Services, a transportation brokerage firm.
June 10, 2009Business, Government
Fed ‘Beige Book’ Notes Some Signs of Recovery
The Federal Reserve said Wednesday that the while the U.S. economy is still slowing in almost half of its regions, some companies’ outlooks are improving even though a weak labor market persists.
June 10, 2009Business, Logistics
Dept. of Labor to Fund Texas Logistics Training Program
A grant by the Department of Labor will soon fund a production and supply chain logistics training program in Fort Worth, Texas, the Dallas Business Journal reported.
June 10, 2009Business, Safety, Government
DOT Freight Index Falls 8.5% in April
Business, Safety, Government, Logistics
Obama to Nominate Hersman as NTSB Chairman
President Obama will nominate Deborah Hersman, a member of the National Transportation Safety Board, to be the board's chairman, the White House said.
June 10, 2009Business
Oil Tops $71 a Barrel
Oil pushed past $71 in early trading Wednesday, a day after closing over $70 a barrel for the first time in seven months, Bloomberg reported.
June 10, 2009Business, Safety, Government
ATA Outlines Safety Agenda
American Trucking Associations Tuesday announced a new safety agenda that the group said will reduce crashes while saving lives and money.
June 9, 2009