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Senate Sets Hearing on Foxx Nomination as DOT Secretary

The Senate Commerce Committee will hold a hearing next week to consider the nomination of Anthony Foxx to become the next Transportation Secretary.

May 16, 2013

Jobless Claims Jump to Six-Week High

Initial jobless claims rose by 32,000 last week to a six-week high, the Labor Department said Thursday.

May 16, 2013

Housing Starts Fall to Five-Month Low; Building Permits Increase

Housing starts fell to a five-month low in April, while building permits jumped to the highest level in almost five years, the Commerce Department said Thursday.

May 16, 2013

Rush Buys N.C. Truck Dealerships

Rush Enterprises said it has acquired Piedmont International Trucks, which operates commercial truck dealerships in North Carolina, for about $3.5 million.

May 16, 2013

N.C. House Votes Unanimously to Ban I-95 Tolls

The North Carolina House voted unanimously to ban tolls on any existing interstate highway, which would end the state’s plan to toll Interstate 95.

May 17, 2013

U.S.-Mexico Border Delays Costing Economy Billions

Delays at U.S.-Mexico border crossings cost the U.S. economy $7.8 billion in 2011 as improvements lagged behind traffic growth, Bloomberg News reported Wednesday.

May 15, 2013

Industrial Production Falls 0.5% in April

Industrial production fell 0.5% in April, the largest drop in eight months, the Federal Reserve said Wednesday.

May 15, 2013

Clarke’s First-Quarter Profit Declines; Trucking Unit Improves

Canadian holding company Clarke Inc. said its first-quarter profit fell from a year ago but its trucking segment improved.

May 15, 2013

Radiant Logistics’ Third-Quarter Income Rises

Third-party logistics company Radiant Logistics’ fiscal third-quarter net income rose from a year ago, the company said.

May 15, 2013

Producer Price Index Drops by Most in Three Years

Prices paid to U.S. producers fell 0.7% in April, the largest drop in three years, the Labor Department reported Wednesday.

May 15, 2013