The Department of Transportation’s freight transportation services index fell 0.4% in March from the same month last year, DOT said Wednesday.
May 14, 2008Business
U.S. Industrial Production Drops 0.7%
U.S. industrial production fell 0.7% in April, the Federal Reserve said Thursday.
May 15, 2008Business, Government
New York Manufacturing Index Declines
Manufacturing growth in New York state fell this month, the Federal Reserve Bank of New York said Thursday.
May 15, 2008Business
Jobless Claims Rise 6,000 for Week
Initial jobless claims rose by 6,000 last week, the Labor Department said Thursday.
May 15, 2008Business, Safety, Government
DOT Freight Transport Index Drops 0.4% in March
Business
TransForce Completes Conversion, Name Change
TransForce Income Fund said late Wednesday it has completed its corporate structure conversion to TransForce Inc. and that it will begin trading under a new ticker symbol on Tuesday.
May 14, 2008Business, Fuel, Government
Oil Price Falls Following DOE Report
Oil prices fell more than $1 a barrel Wednesday following an Energy Department report that showed inventories improved last week, and both the House and Senate voted to suspend crude shipments to the nation’s Strategic Petroleum Reserve, Bloomberg reported.
May 14, 2008Business
FedEx Names Brian Philips to Head Kinko’s Unit
FedEx Corp. Wednesday named Brian Philips chief executive officer of its FedEx Kinko’s office supply division.
May 14, 2008Business, Government
Oregon Police Ride in Trucks to Nab Unsafe Drivers
Oregon state and local police began cracking down this week on unsafe automobile drivers who drive near trucks, with police riding in big rigs to looking for drivers who speed, tailgate or don’t leave trucks enough room to maneuver, Portland, Ore., television station KGW reported on its Web site.
May 14, 2008Business, Logistics
US1 Reports Higher First-Quarter Profit
Logistics firm US1 Industries said its first-quarter net income improved to $690,000, or 5 cents a share, from $370,000, or 3 cents, a year ago.
May 14, 2008Government, Business, Safety
Deutsche Post’s 1Q Profit Drops
Deutsche Post said Wednesday its first-quarter profit fell 18% on a writedown of a German unit and slowing U.S. economic growth that hurt its U.S. DHL division, Bloomberg reported.
May 14, 2008