Unemployment Claims Rise to 26-Year High
First-time unemployment claims fell but continuing claims rose to a 26-year high last week, the Labor Department said Thursday.
December 4, 2008UAW Open to Renegotiating Terms; Suspending Jobs Bank
The United Auto Workers said Wednesday it is willing to alter contracts with U.S. automakers and accept delayed payments of billions of dollars to health care trust fund in order to help the companies potentially secure $34 billion in government loans, the Associated Press reported.
December 3, 2008Fed Cites Lag in Transport Services Demand
Demand for transportation services has lowered since early October, and costs for services have fallen in some areas, and demand for transportation services will continue into 2009, the Federal Reserve said Wednesday.
December 3, 2008Pilgrim's Pride Files for Bankruptcy
Poultry producer and transporter Pilgrim’s Pride Corp. has filed for Chapter 11 bankruptcy protection, Bloomberg reported.
December 3, 2008ISM Services Index Falls to Record Low
The U.S. economy’s service sector declined in November at the fastest pace on record, the Institute for Supply Management said Wednesday.
December 3, 2008Productivity Rises More Than Forecast
Third-quarter U.S. worker productivity rose 1.3% in the third quarter, the Labor Department said Wednesday, more than a previous estimate.
December 3, 2008ABF Cites Union Contract Concerns
Arkansas Best Corp. may seek to amend its labor contract with the Teamsters union following the union’s tentative agreement to make contract changes to help reduce costs at less-than-truckload carrier YRC Worldwide, Bloomberg reported.
December 3, 2008BNSF Postpones Fuel Surcharge Increases
Freight railroad BNSF Railway Co. said Tuesday it is postponing fuel surcharge increases that were scheduled to take place in January and February “due to current volatility in the fuel markets.”
December 2, 2008Diesel’s Decline Slows; Fuel Falls 4.9¢ to $2.615
Diesel fuel’s national average price continued its downward trend but slowed its rate of decline, falling 4.9 cents to $2.615 a gallon, the Department of Energy said.
December 2, 2008FMCSA Sets Stronger Medical Requirements for Drivers
The Federal Motor Carrier Safety Administration has finalized a streamlined process for combining the commercial driver’s license and medical certificate records for commercial truck and bus drivers.
December 2, 2008