YRC, Teamsters Set to Begin Negotiations
YRC Worldwide and the Teamsters union said they will soon begin discussions to modify terms of the union’s labor agreement for YRC employees covered under the National Master Freight Agreement.
June 25, 2009Canadian Trucking Lost 3,300 Jobs in April
The Canadian trucking industry lost 3,300 jobs in April, making it the third-worst industry in the country for that month, Statistics Canada reported.
June 25, 2009First-Quarter GDP Revised to 5.5% Contraction
The U.S. economy contracted at an annual rate of 5.5% in the first quarter, a better reading than two previous estimates, the Commerce Department said Thursday.
June 25, 2009Jobless Claims Rise for Week
Initial jobless claims rose by 15,000 last week, the Labor Department said Thursday.
June 25, 2009Fed Keeps Record Low Interest Rate
The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
June 24, 2009DOT Releases $140 Million for Transport Projects
The Department of Transportation said it has released about $140 million in federal aid this week to assist 249 transportation improvement projects around the country.
June 24, 2009Ryder Earns 3PL Cross-Border Security Certification
Ryder System said it has been certified as a third-party logistics provider in the Custom-Trade Partnership Against Terrorism program, an initiative that seeks to promote supply chain security and reduce border vulnerabilities.
June 24, 2009New Home Sales Fall 0.6%
New home sales fell 0.6% in May, the Commerce Department said Wednesday.
June 24, 2009Oil Falls Below $69 Following DOE Report
Oil fell more than $1 to below $69 a barrel Wednesday following a Department of Energy report that showed retail fuel supplies rose last week, Bloomberg reported.
June 24, 2009Opinion: Factoring: What You Don’t Know Can Hurt You
At one time or another, every business finds itself undercapitalized. Unfortunately, in these tough economic times, qualifying for a line of credit can be extremely difficult. As a result, increasing numbers of transportation companies are looking into factoring, with many of them taking the plunge and selling their accounts receivable to a factor.
June 24, 2009