U.S. retailers, including Wal-Mart Stores and Costco Wholesale Corp., reported November sales that topped economists’ estimates, Bloomberg reported Thursday.
December 6, 2007Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
November Retail Sales Gain
Patriot CEO Anderson to Retire in February
Patriot Transportation Holding said that Chief Executive Officer John Anderson will retire in February. He will be succeeded by John Baker.
December 6, 2007Teamsters, Canadian Pacific Reach Tentative Pact
The Teamsters Canada Rail Conference, which represents 4,500 locomotive engineers and conductors, reached an agreement with rail line Canadian Pacific on a revised tentative five-year contract settlement, CP said.
December 6, 2007Jobless Claims Drop 15,000 for Week
Initial jobless claims fell by 15,000 last week to 338,000, the Labor Department said Thursday.
December 6, 2007I-5 in Wash. State May Reopen to Truck Traffic Thursday
Interstate 5, part of which has been closed in Washington state since Monday due to flooding, could reopen to limited truck traffic Thursday night, the Seattle Times reported on its Web site.
December 6, 2007Celadon Completes Share Repurchase; Sets New Plan
Truckload carrier Celadon Group said Wednesday it has completed the two million share stock repurchase program authorized by its board in late October.
December 5, 2007Oil Falls Following DOE Report
Oil prices dipped Wednesday following an Energy Department report that showed distillate inventories, which include diesel fuel and home heating oil, rose last week.
December 5, 2007TWIC Enrollment Continues at U.S. Ports
Registration for truck drivers and other transportation workers to get the Transportation Workers Identification Credential, a biometric identification credential that will be required for unescorted access to secure areas at all U.S. ports.
December 5, 2007ARTBA to Seek Exemption from HOS for Drivers in Construction Sector
WASHINGTON — The American Road and Transportation Builders Association said it would seek an exemption from federal hours-of-service rules for drivers in the construction industry, even as the group representing state enforcement officials said they would look to roll back the exemptions already in place.
December 5, 2007N.C. Trucking Association Sets Safety Program
The North Carolina Trucking Association has teamed up with the Governor’s Highway Safety Program in launching a new state initiative aimed at enhancing commercial vehicle safety.
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