The U.S. unemployment jumped to 6.5% last month, from 6.1% in September, the Labor Department said Friday.
November 7, 2008BusinessGovernmentSafety
Intermodal Traffic Declines for Week
Rail and intermodal traffic declined last week compared with the same week a year ago, the Association of American Railroads said.
November 6, 2008BusinessGovernmentLogistics
Navistar Plans Production Cuts at Ontario Plant
Navistar International Corp. will scale back production and could lay off as many as 500 workers at its Ontario, Canada, truck plant, the Canadian Press reported Thursday.
November 6, 2008BusinessSafetyGovernment
Xata’s 4Q, Year-End Losses Narrow
Transportation software firm Xata Corp. said Thursday it lost $373,000, or 5 cents a share, in its fiscal fourth quarter, compared with a loss of $4.5 million, or 57 cents, a year ago.
November 6, 2008BusinessSafetyGovernmentLogistics
Mullen’s Third-Quarter Income Slips
Canadian transportation firm Mullen Group Income Fund said Thursday its third-quarter profit slipped to C$36.2 million, from C$38 million a year ago, while earnings per unit held at 45 cents.
November 6, 2008GovernmentBusinessSafety
Third-Quarter Productivity Rises 1.1%
Third-quarter U.S. worker productivity rose 1.1% in the third quarter, the Labor Department said Thursday.
November 6, 2008BusinessEquipment
Accuride Reports Big 3Q Loss
Commercial vehicle component maker Accuride Corp. said Thursday it lost $201.2 million, or $5.67 per share, in the third quarter, compared with a loss of $1.9 million, or 5 cents, a year ago.
November 6, 2008Business
Jobless Claims Fall for Week
Initial jobless claims slipped last week to 481,000, from a revised 485,000 the previous week, the Labor Department said Thursday.
November 6, 2008Business
Express-1’s Third-Quarter Profit Jumps
Express-1 Expedited Solutions said Thursday its third-quarter income jumped to $1.16 million, or 4 cents a share, from $500,000, or 2 cents, a year ago.
November 5, 2008BusinessFuel
Oil Falls to Below $66 a Barrel
Crude oil fell more than $5 to below $66 a barrel Wednesday following an Energy Department report that showed an unexpected increase in gasoline inventories last week, Bloomberg reported.
November 5, 2008