Unemployment Rate Jumps to 5.5% in Biggest Jump Since ’86
The U.S. unemployment rate jumped to 5.5% in May, from 5% in April, the biggest jump in 22 years, the Labor Department said Friday.
June 6, 2008Rail, Intermodal Traffic Decline
Rail and intermodal traffic fell for the week ended Saturday compared with the same week a year ago, the Association of American Railroads said.
June 6, 2008W. Va. Delays Truck Registration Fees’ Due Date
The West Virginia Division of Motor Vehicles will delay the due date for annual registration payments for most trucks until Sept. 1, from the usual July 1 deadline, the Associated Press reported.
June 5, 2008Roadcheck 2008 Runs Through Thursday
The three-day Roadcheck 2008, targeting thousands of trucks in the United States, Canada and Mexico, concludes Thursday, as officials inspect thousands of trucks around North America for potential safety violations.
June 5, 2008Mullen Buys Fluid, Oilfield Transport Firm
Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million.
June 5, 2008Jobless Claims Fall 18,000 for Week
Initial jobless claims fell by 18,000 last week, the Labor Department said Thursday.
June 5, 2008Dynamex Reports Improved 3Q Profit
Logistics and delivery firm Dynamex Inc. said its fiscal third-quarter profit was $3.8 million, or 37 cents a share, up from $3.5 million, or 33 cents, a year earlier.
June 4, 2008Oil Jump Erases Week’s Declines
Crude oil jumped more than $5 a barrel Thursday to close near $128 a barrel, erasing the declines from earlier in the week, and the Energy Department said it would delay scheduled oil deliveries to the Strategic Petroleum Reserve until next spring, Bloomberg reported.
June 4, 2008Collins Introduces Bill to Allow Higher Truck Weights
Sen. Susan Collins (R-Maine) has introduced legislation that would allow trucks to carry up to 100,000 pounds on federal highways when diesel prices are at least $3.50 a gallon.
June 4, 2008ATA Backs Oil-Market Investigation
American Trucking Associations said Wednesday that it supports the U.S. Commodity Futures Trading Commission for taking steps toward increasing transparency of the energy futures markets.
June 4, 2008