Oil closed the trading week near $62 a barrel — up more than $5 from last Friday — as the dollar fell to a four-month low against the euro, Bloomberg reported.
May 22, 2009Business, Safety, Government
U.S. May Reopen Roads to Mexican Trucks by June, LaHood Says
Transportation Secretary Ray LaHood said the United States could reopen its roads to Mexican trucks as soon as next month, Bloomberg reported.
May 21, 2009Business, Logistics
US 1 Reports First-Quarter Loss
Logistics firm US 1 Industries said it had a first quarter net loss of $979,000, or 7 cents a share, compared with a profit of $690,000, or 5 cents a share, a year earlier.
May 21, 2009Business, Safety
Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 19.4% last week compared with the same week last year, the Association of American Railroads said.
May 21, 2009Government, Business
Leading Economic Indicators Rise 1%
An index of leading economic indicators rose 1% last month, the biggest gain in three-and-a-half years, the New York-based Conference Board said Thursday.
May 21, 2009Business, Safety
Intermodal, Rail Traffic Fall for Week
Intermodal rail traffic fell 19.4% last week compared with the same week last year, the Association of American Railroads said.
May 21, 2009Business, Government
Philadelphia Factory Index Improves
Manufacturing levels in the Philadelphia region contracted this month at the slowest pace in eight months, the Federal Reserve Bank of Philadelphia said Thursday.
May 21, 2009Business
Initial Jobless Claims Fall for Week
Initial jobless claims fell by 12,000 last week, while the number of people receiving continuing claims reached a new record high, the Labor Department said Thursday.
May 21, 2009Business, Logistics
Arcadia Capital Group to Buy 3PL Firm DLJ Express
Third-party logistics firm DLJ Express will be sold to investment company Arcadia Capital Group, the company that arranged the sale said.
May 21, 2009Business, Technology
Fed Considered More Asset Purchases, Minutes Show
Federal Reserve officials said at their meeting last month that the Fed may need to boost its purchases of assets to secure a stronger economic recovery, though policymakers agreed to hold off on such a move.
May 20, 2009