YRC Worldwide Inc. said it has begun a new effort to enlist U.S. government help in addressing multi-employer pension issues but that it will not be asking for a federal bailout.
June 12, 2009Business, Fuel, Government
Fuel Jumps 14.6¢ to $2.498
Still smarting from record fuel costs last year and fighting to survive a global recession, the trucking industry is wincing over a five-week run-up in diesel prices, capped by a 14.6-cent jump last week.
June 15, 2009Business, Government
Consumer Confidence Improves
U.S. consumer confidence rose this month for the fourth consecutive time, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
June 12, 2009Business, Government
Import Prices Rise 1.3%
The price of goods imported to the United States rose for a third straight month in May as oil prices continued to increase, the Labor Department said Friday.
June 12, 2009Government
YRC Won't Apply for Bailout Funds
Business, Government
Business Inventories Fall 1.1% in April
Business inventories fell 1.1% in April, the eighth consecutive decline, the Commerce Department said Thursday.
June 11, 2009Government, Business, Safety
Oil Rises Over $72 a Barrel
Oil rose past $72 a barrel in after-hours trading Wednesday for the first time in seven months, Bloomberg reported.
June 11, 2009Business, Government
Retail Sales Increase 0.5%, Commerce Says
Retail sales climbed 0.5% in May, the first increase in three months, the Commerce Department said Thursday.
June 11, 2009Business, Safety, Government, Logistics
Echo Acquires Raytrans Distribution
Echo Global Logistics said that it has acquired Raytrans Distribution Services, a transportation brokerage firm.
June 10, 2009Business, Government
Fed ‘Beige Book’ Notes Some Signs of Recovery
The Federal Reserve said Wednesday that the while the U.S. economy is still slowing in almost half of its regions, some companies’ outlooks are improving even though a weak labor market persists.
June 10, 2009Business, Safety, Government
DOT Freight Index Falls 8.5% in April
The Department of Transportation said its freight transportation services index fell 8.5% in April from a year earlier to its lowest level in seven years.
June 10, 2009