Senate Blocks Energy Bill
Senate Republicans Friday blocked an energy bill that would have boosted taxes on oil and gas companies and raised fuel economy standards for most vehicles, Bloomberg reported.
December 7, 2007I-5 Reopens to Trucks in Washington State
Interstate 5 near Chehalis, Wash., reopened to truck traffic Thursday night after road crews drained the highway that had been closed since Monday due to flooding from storms, the Seattle Times reported.
December 7, 2007Unemployment Rate Holds at 4.7%
The unemployment rate held at 4.7% for a third straight month in November, and payrolls rose by 94,000 jobs, the Labor Department said Friday.
December 7, 2007Rail, Intermodal Traffic Rise for Week
Rail carload and intermodal traffic both rose last week from the same week last year, the Association of American Railroads said Thursday.
December 6, 2007UTi Worldwide’s 3Q Profit Improves
Air and ocean freight forwarder UTi Worldwide said Thursday its fiscal third-quarter profit rose 14% to $34.9 million or 35 cents a share, from $30.5 million or 31 cents a year ago.
December 6, 2007Dynamex Reports Higher 1Q Profit
Logistics and delivery firm Dynamex Inc. reported its fiscal first-quarter net income rose to $4 million or 39 cents a share, from $3.6 million or 34 cents a year earlier.
December 6, 2007November Retail Sales Gain
U.S. retailers, including Wal-Mart Stores and Costco Wholesale Corp., reported November sales that topped economists’ estimates, Bloomberg reported Thursday.
December 6, 2007Patriot CEO Anderson to Retire in February
Patriot Transportation Holding said that Chief Executive Officer John Anderson will retire in February. He will be succeeded by John Baker.
December 6, 2007Teamsters, Canadian Pacific Reach Tentative Pact
The Teamsters Canada Rail Conference, which represents 4,500 locomotive engineers and conductors, reached an agreement with rail line Canadian Pacific on a revised tentative five-year contract settlement, CP said.
December 6, 2007Jobless Claims Drop 15,000 for Week
Initial jobless claims fell by 15,000 last week to 338,000, the Labor Department said Thursday.
December 6, 2007