President Obama has named Maryland Motor Truck Association President Anne Ferro to head the Federal Motor Carrier Administration.
June 5, 2009Business
Unemployment Rate Rises to 9.4%
The U.S. unemployment rate jumped half a percentage point to 9.4% in May from 8.9% in April, but employers cut the fewest amount of jobs in eight months, the Labor Department said Friday.
June 5, 2009BusinessSafety
Intermodal Traffic Falls for Week, Month
Intermodal rail traffic fell 19.2% last week compared with the same week last year, the Association of American Railroads said.
June 5, 2009BusinessGovernmentSafety
Opinion: Doublespeak Spoken There
I find it very odd that when Washington needs something from the people, they talk about family, but when the people need something from the government, they talk about business. This kind of duality of conflicting agendas contradicts reason and confuses everyone. Even if it is unintentional, it smacks of doublespeak.
June 5, 2009BusinessFuelGovernment
UTi Worldwide’s Profit, Revenue Decline
Air and freight forwarder UTi Worldwide reported a decline in net income and revenue for its fiscal first quarter, due the ongoing recession.
June 5, 2009Business
Oil Closes Week Below $70
Oil topped $70 Friday before falling to close the trading week at more than $68 a barrel on the New York Mercantile Exchange, Bloomberg reported.
June 5, 2009BusinessGovernment
Three-Day Roadcheck 2009 Wraps Up Thursday
The three-day Roadcheck 2009 event sponsored by the Commercial Safety Vehicle Alliance wraps up Thursday, with more than 1,000 checkpoints set up on roads and highways across North America to monitor truck safety compliance.
June 4, 2009Business
FedEx to Take $885 Million 4Q Charge
FedEx Corp. will report $885 million in costs for its fourth fiscal quarter ended May 31 to write down the value of its Kinko’s Inc. and Watkins Motor Line acquisitions, Bloomberg reported.
June 4, 2009BusinessLogistics
Dynamex Reports Lower 3Q Income
Logistics and delivery firm Dynamex Inc.’s fiscal third-quarter profit fell to $1.6 million, or 17 cents a share, from $3.8 million, or 37 cents, a year ago.
June 4, 2009BusinessGovernmentSafety
Productivity Level Rises 1.6% in First Quarter
First-quarter U.S. worker productivity improved at an annual rate of 1.6% in the first quarter, twice the level originally reported, the Labor Department said Thursday.
June 4, 2009