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Initial Jobless Claims Fall for Week

Initial jobless claims fell by 12,000 last week, while the number of people receiving continuing claims reached a new record high, the Labor Department said Thursday.

May 21, 2009

Virginia Scales Back Plan To Close Rest Stops

The Virginia Department of Transportation said it will propose closing 19 of the state's 41 highway rest areas, scaling back its original proposal to close 25.

May 22, 2009

U.S. May Reopen Roads to Mexican Trucks by June, LaHood Says

Transportation Secretary Ray LaHood said the United States could reopen its roads to Mexican trucks as soon as next month, Bloomberg reported.

May 21, 2009

US 1 Reports First-Quarter Loss

Logistics firm US 1 Industries said it had a first quarter net loss of $979,000, or 7 cents a share, compared with a profit of $690,000, or 5 cents a share, a year earlier.

May 21, 2009

SoCal Port Sets Funds for New Trucks, Retrofits

The Port of Long Beach, Calif., said it is making funds available to truckers who want to retrofit older trucks or buy new trucks.

May 20, 2009

Memorial Day Driving to Increase, AAA Says

Reversing the recent trend of declining holiday travel, 1.5% more Americans will travel more than 50 miles from home during Memorial Day weekend than did last year, the motorist group AAA estimated.

May 20, 2009

Oil Pushes Past $62 a Barrel to Six-Month High

Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.

May 20, 2009

Fed Considered More Asset Purchases, Minutes Show

Federal Reserve officials said at their meeting last month that the Fed may need to boost its purchases of assets to secure a stronger economic recovery, though policymakers agreed to hold off on such a move.

May 20, 2009

CEVA Logistics Awarded Contract with Powerwave

CEVA Logistics has been awarded a contract to handle forwarding services for U.S.-based wireless technology company Powerwave Technologies, Ceva said.

May 19, 2009

U.S. Vehicle Miles Traveled Fell 1.2% in March

U.S. motorists drove 1.2% fewer miles in March than a year earlier, the Federal Highway Administration said Wednesday.

May 20, 2009