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ISM Services Index Contracts

The U.S. economy’s service sector contracted last month, the Institute for Supply Management said Thursday.

December 3, 2009

Canadian Officials Approve Plans for New Detroit-Windsor Crossing

Canadian federal and local authorities have green-lighted environmental plans for the Detroit River International Crossing project, part of a plan for a new proposed bridge crossing between the U.S. and Canada.

December 4, 2009

Unemployment Rate Slips to 10% in November

The U.S. unemployment rate fell to 10% in November, from 10.2% in October, the Labor Department said Friday.

December 4, 2009

Oil Falls to Seven-Week Low Below $76 a Barrel

Oil fell almost $1 to a seven-week low of less than $76 a barrel Friday as the dollar surged on an unexpected drop in the U.S. unemployment rate, Bloomberg reported.

December 4, 2009

Saddle Creek Acquires ServiceCraft

Third-party logistics firm Saddle Creek Corp. said it acquired logistics firm ServiceCraft Logistics, Buena Park, Calif.

December 4, 2009

Greatwide Aims to Diversify with YRC’s Dedicated Assets

Greatwide Logistics’ purchase of YRC Worldwide Inc.’s U.S. dedicated contract carriage assets will expand and diversify its business into new geographical regions and markets, Chief Executive Officer Ray Greer said.

December 9, 2009

Five-Day Teamsters Strike at CN Ends

A five-day strike by the Teamsters Canada Rail Conference against Canadian National Railway ended Wednesday as negotiations resumed between the parties.

December 3, 2009

UTi Worldwide’s 3Q Profit Falls

Air and freight forwarder UTi Worldwide reported a decline in net income and revenue for its fiscal third quarter.

December 3, 2009

U.S. Worker Productivity Jumps to 8.1% Rate

U.S. workers’ productivity surged in the third quarter to an annual rate of 8.1%, increasing at the fastest in six years, the Labor Department said Thursday.

December 3, 2009

Initial Jobless Claims Fall to One-Year Low

Initial jobless claims fell to their lowest level in a year, the Labor Department reported Thursday.

December 3, 2009