DHL said Thursday it signed a three-year agreement with Wal-Mart Stores to provide air express and ground shipping throughout the United States, supporting the retail giant's 4,000 stores nationwide.
September 6, 2007BusinessSafetyGovernment
ISM Services Index Unchanged In August
The U.S. economy’s service sector growth in August held at the same level as the previous month, the Institute for Supply Management said Thursday.
September 6, 2007BusinessFuel
Oil Tops $76 a Barrel
Crude oil rose to a five-week high Thursday, topping $76 a barrel and approaching the all-time high set in late July, Bloomberg reported.
September 6, 2007BusinessFuelGovernment
UTi Worldwide’s 2Q Income Dips
Air and ocean freight forwarder UTi Worldwide said Thursday its fiscal second-quarter net income fell 20% to $27.7 million or 28 cents a share, from $34.5 million or 35 cents a year ago.
September 6, 2007GovernmentBusinessSafety
Productivity Reaches Two-Year High
Second-quarter U.S. worker productivity rose at an annual rate of 2.6%, the most in almost two years, the Labor Department said Thursday.
September 6, 2007Business
Jobless Claims Reach Six-Month High
Initial jobless claims fell by 19,000 to 318,000 last week, the Labor Department said Thursday.
September 6, 2007BusinessGovernment
Fed ‘Beige Book’ Notes Some Trucking Industry Softening
Manufacturing expanded in most U.S. regions in August, though the trucking industry saw some weaknesses related to pricing and a declining housing market, the Federal Reserve said Wednesday.
September 5, 2007Business
EPA Backs Hybrid Technology Program for Ports
The Environmental Protection Agency announced a new project Wednesday to develop and test a new technology on large equipment used to move goods from ships to trucks.
September 5, 2007BusinessLogistics
CP Buys Midwest Railroad for $1.5 Billion
Canadian Pacific Railway said it has reached an agreement to acquire Dakota, Minnesota & Eastern Railroad Corp. for $1.48 billion.
September 5, 2007BusinessLogisticsFuelGovernment
Diesel Rises 3¢ to $2.893; Gas Jumps 4.7¢ to $2.796
The average national retail price of diesel climbed 3 cents to $2.893 a gallon, the Department of Energy said Tuesday.
September 5, 2007