Oil Falls $2 to Finish Week Near $75 a Barrel
Oil prices declined $2 Friday, capping an $11 week-long plunge to finish the week near $75 a barrel, Bloomberg reported.
May 7, 2010Payrolls, Unemployment Rate Increase in April
The U.S. unemployment rate rose to 9.9% in April from 9.7% a month earlier, even as payrolls increased by the most in four years, the Labor Department said Friday.
May 7, 2010Intermodal Traffic Continues to Improve
Intermodal rail traffic continued its upward trend last week, rising 13.2% from the same week last year, the Association of American Railroads said.
May 7, 2010Opinion: Shippers Should Put Safety First
A shipper may hire a truck for any of a variety of reasons: Perhaps there is a long distance to cover or the load requires more space than available in the trunk of a car.
May 7, 2010Connecticut Passes Snow-Removal Law
Connecticut lawmakers have adopted a measure that could net drivers of trucks and cars $75 fines for not removing snow and ice from their vehicles — and fines of as high as $1,250 if ice or snow flies off and causes damage or injury.
May 6, 2010Expeditors’ 1Q Profit Improves
Logistics firm Expeditors International of Washington’s first-quarter profit rose to $61.3 million, or 29 cents a share, from $59.3 million, or 28 cents, a year ago.
May 6, 2010Con-way’s First-Quarter Loss Narrows
Con-way Inc. said its first-quarter loss decreased by 97% from a year ago as the freight and logistics markets improved.
May 6, 2010Productivity Continues to Increase
U.S. workers’ productivity rose at an annual rate of 3.6% in the first quarter, the smallest in a year, Labor Department said Thursday.
May 6, 2010Jobless Claims Fall for Week
Initial jobless claims dropped by 7,000 last week, the Labor Department said Thursday.
May 6, 2010Tire Makers Boosting Prices
Several major commercial tire makers have set price increases due to higher materials and other costs.
May 6, 2010