U.S. third-party logistics gross revenues topped $110 billion for the first time last year, according to a report on the 3PL industry released this week.
April 11, 2007BusinessLogistics
CN Workers Begin Strike
Canadian National Railway Co.鈥檚 2,800 union conductors and yard workers began rotating strikes Wednesday after rejecting a proposed one-year contract, Bloomberg reported.
April 12, 2007BusinessGovernment
Import Prices Rise 1.7%
The price of goods imported to the United States rose 1.7% in March, the Labor Department reported Thursday.
April 12, 2007BusinessSafetyGovernmentLogistics
Exec Downplays Rail Takeovers
Norfolk Southern Corp. Chief Executive Officer Charles 鈥淲ick鈥 Moorman told the Surface Transportation Board that buyout firms probably will not try to acquire major U.S. railroads because of opposition by rail management, Bloomberg reported.
April 12, 2007Business
Jobless Claims Rise for Week
Initial jobless claims rose by 19,000 last week, the Labor Department said Thursday.
April 12, 2007Business
Fed Says Higher Rates Possible
Federal Reserve officials agreed that higher interest rates may still be necessary even as they held the benchmark rate at 5.25% last month, according to minutes of the meeting released Wednesday.
April 11, 2007BusinessFuelGovernment
Oil Rises Following DOE Report
Crude oil prices climbed to more than $62 a barrel Wednesday following the Energy Department鈥檚 weekly inventory report that showed gasoline inventories plunged for a ninth straight week, Bloomberg reported.
April 11, 2007Business
Networkcar Names New President
Wireless vehicle management firm Networkcar said Wednesday it has appointed Keith Schneider president, effective this week.
April 11, 2007BusinessGovernmentSafety
FMCSA鈥檚 New-Carrier Program Criticized
April 11, 2007
Business
Safety & Security Briefs 鈥 April 5 - April 11
April 11, 2007