Jobless Claims Declined More Than Forecast Last Week
Filings for U.S. unemployment benefits dropped more than forecast last week, consistent with a robust labor market, a Labor Department report showed May 4.
May 4, 2017XPO Turns Last Year's First-Quarter Loss Into This Year’s Profit
XPO Logistics turned last year’s first-quarter net loss into a profit of similar magnitude even though revenue was flat, the company said May 3.
May 3, 2017Net Loss for USA Truck Accelerates in First Quarter
The first-quarter net loss for USA Truck more than doubled and revenue fell, but the truckload carrier’s new CEO said he intends to return the troubled company to profitability by this year’s third quarter.
May 3, 2017Beam Brothers Gives Up Postal Service Contracts
Mail contractor Beam Brothers Trucking agreed to turn over its contracts with the U.S. Postal Service to Eagle Express Lines Inc., while top executives of Beam Brothers prepare to defend themselves against federal charges.
May 3, 2017UPS Aircraft Mechanics Picket Over Contract Negotiations
UPS aircraft mechanics from around the country picketed in front of a Buckhead, Ga., UPS store over their contract negotiations, saying they’re concerned about losing some of their health-care benefits.
May 3, 2017Meritor Second-Quarter Results Off Year-Over-Year
Meritor Inc. posted lower net income in its fiscal-year second quarter related to tax issues as revenue dipped.
May 3, 2017Global Trade Growth Is About to Roll Over
Signs are pointing to a looming slowdown in global trade growth, according to Morgan Stanley.
May 3, 2017Companies Boost Payrolls by 177,000 in April, ADP Says
Companies added workers to U.S. payrolls at a steady pace in April with increases across industries, data from the ADP Research Institute in Roseland, N.J., showed May 3.
May 3, 2017Celadon's Financial Statements Called Into Question
Auditors at BKD have withdrawn their support of Celadon Group Inc.’s financial statements for the last three fiscal quarters because the trucking company didn’t produce sufficient documents on the value of used trucks, according to a letter in a filing with the Securities and Exchange Commission.
May 2, 2017Federal Regulators Give Green Light to Knight-Swift Merger
The multibillion-dollar merger between Knight Transportation Inc. and Swift Transportation received a speedy federal antitrust approval May 1, clearing the way for shareholders to vote on the proposed transaction to form the largest truckload carrier in the United States.
May 2, 2017