Maersk Has Record Profit as Freight Business Surges
A.P. Moller–Maersk A/S, the Danish company that owns the largest ocean shipping line, announced record earnings on Feb. 23, powered by a rebounding international freight market.
March 4, 2011LMS Acquires McCann’s Piggyback
Logistics Management Solutions, St. Louis, acquired intermodal marketing company McCann’s Piggyback Consolidation in Fenton, Mo., and formed a new business unit called Freight Management Solutions to provide intermodal and freight brokerage services.
March 4, 2011Factory Orders Take Biggest Jump Since 2006
Factory orders jumped 3.1% in January, the biggest gain in almost four and a half years, the Commerce Department said Friday.
March 4, 2011Unemployment Rate Falls Below 9% for First Time Since 2009
The U.S. unemployment rate fell below 9% in February for the first time in almost two years as employers added 192,000 jobs, the Labor Department said Friday.
March 4, 2011U.S., Mexico Reach Cross-Border Trucking Agreement
President Obama and Mexican President Felipe Calderon agreed Thursday to a program that will allow Mexican trucks to travel into the United States, the Associated Press reported.
March 4, 2011HOS Public Comment Period Ends Friday
The public comment period for the Federal Motor Carrier Safety Administration’s proposed hours-of-service rule ends Friday at midnight.
March 4, 2011Congress Extends Highway Funding Through September
The Senate passed a seven-month extension of federal funding of highway and surface transportation programs.
March 4, 2011ATA Backs More Domestic Oil Production
American Trucking Associations has urged the Obama administration to open up opportunities for domestic oil production as a way to lessen the impact of political tumult in the Middle East.
March 3, 2011Productivity Rises in Fourth-Quarter, Year
U.S. workers’ productivity rose at a 2.6% annual rate in the fourth quarter, matching an earlier estimate, the Labor Department said Thursday.
March 3, 2011New Jobless Claims Take Biggest Drop in Three Years
Initial jobless claims fell to the lowest level in almost three years last week, the Labor Department reported Thursday.
March 3, 2011