Unemployment Rate Rises to 8.9% in April
The U.S. unemployment rate rose to 8.9% in April from 8.5% in March, but the pace of job cuts slowed, the Labor Department said Friday.
May 8, 2009Quality Distribution’s 1Q Loss Narrows
Tank truck carrier Quality Distribution reported a first-quarter loss of $300,000, or 2 cents a share, compared with a loss of $1.9 million, or 10 cents, a year ago.
May 8, 2009Intermodal, Rail Traffic Fall for Week, Month
Intermodal rail traffic fell 16.8% for the week ended Saturday, compared with the same week last year, the Association of American Railroads said.
May 8, 2009Opinion: To Survive a Tough Economy — Focus
A shroud of insecurity continues to linger on the U.S. economy, with many trucking and logistics providers tending to the wounds of 2008 and preparing for the uncertainty still looming over the rest of 2009.
May 8, 2009Pacer Takes $177 Million First-Quarter Loss
Transportation and third-party logistics firm Pacer International reported a first-quarter loss of $177.4 million, or $5.11 per share, compared with a profit of $13.4 million, or 38 cents, a year earlier.
May 7, 2009Expeditors’ 1Q Profit Drops 11%
Logistics firm Expeditors International of Washington’s first-quarter net income fell 11% to $59.3 million, or 27 cents a share, from $66.5 million, or 30 cents, a year ago.
May 7, 2009Dana Reports First-Quarter Loss
Truck axle and frame maker Dana Holding Corp. posted a first-quarter loss of $157 million, Bloomberg reported.
May 7, 2009GM Posts $5.9 Billion Quarterly Loss
General Motors Corp., facing a government-imposed June 1 bankruptcy deadline, posted a $5.9 billion loss for its first quarter, as sales fell almost in half, Bloomberg reported.
May 7, 2009First-Quarter Productivity Improves
First-quarter U.S. worker productivity improved at an 0.8% annual rate in the first quarter, the Labor Department said Thursday.
May 7, 2009Initial Jobless Claims Drop to Three-Month Low
Initial jobless claims fell to a three-month low last week but the number of people receiving continuing claims reached another new record, the Labor Department said Thursday.
May 7, 2009