Fourth-Quarter GDP Contracts 6.3%
The U.S. economy contracted at an annual rate of 6.3% rate in the fourth quarter, marking the biggest contraction since 1982, the Commerce Department said Thursday.
March 26, 2009UTi Worldwide Reports Fourth-Quarter Loss
Air and ocean freight forwarder UTi Worldwide lost $89.8 million, or 89 cents per share, for its fiscal fourth quarter, compared with a profit of $18 million, or 18 cents per share, a year ago.
March 26, 2009Trailer Bridge Posts $1.1 Million 4Q Loss
Trailer Bridge Inc. said late Wednesday it took a loss in both the fourth quarter of 2008 and the year as a whole.
March 26, 2009Continuing Jobless Claims Hit Record
Initial jobless claims rose 8,000 last week to 652,000, while the number of people receiving continuing benefits rose to a record, the Labor Department said Thursday.
March 26, 2009House Bill Would Extend Size, Weight Limits
A House bill would freeze the truck size and weight limits of 53 feet for trailers and 80,000 pounds for the entire national highway system.
March 26, 2009February New Home Sales Rise 4.7%
New home sales rose 4.7% in February after bottoming out in January at the lowest rate on record, the Commerce Department said Wednesday.
March 25, 2009Durable Goods Post 3.4% Gain in February
Durable goods orders rose 3.4% in February, the biggest gain in more than a year and the first in seven months, the Commerce Department said Wednesday.
March 25, 2009Dependable Highway Express Acquires Drayage Firm
Dependable Highway Express, the regional trucking division of Dependable Logistics Services, said Wednesday it had acquired drayage firm J & M Trucking.
March 25, 2009DSC Logistics Launches Short-Term Storage Program
DSC Logistics has launched a program called FLEXSPACE 2009, a short-term storage space option intended to give shippers flexibility as their supply chain needs change, the company said Tuesday.
March 25, 2009FedEx May Scrub $7.7 Bln. Order for New Jets
FedEx Corp. said it may not go through with a $7.7 billion purchase of 30 new jet planes for air freight if federal law is changed to make it easier for its employees to join a union, Bloomberg reported.
March 25, 2009