Jobless Claims Fall by 6,000 for Week
Initial jobless claims fell by 6,000 last week to 327,000, the Labor Department said Thursday.
November 1, 2007Fed Lowers Benchmark Interest Rate to 4.5%
The Federal Reserve voted Wednesday to lower the benchmark U.S. interest rate by a quarter of a percentage point to 4.5%, for only the second reduction in four years.
October 31, 2007NAFTA Surface Trade Rises 4.2%
Surface trade among the United States, Canada and Mexico rose 4.2% in August from a year earlier, the Transportation Department said Wednesday.
October 31, 2007NAFTA Surface Trade Rises 4.2%
Pacer’s 3Q Profit Declines
Transportation and third-party logistics firm Pacer International’s third-quarter profit fell 27% from a year ago, the company said.
October 31, 2007Wright Express’ 3Q Income Dips
Wright Express Corp. said Wednesday it earned $22.2 million or 55 cents a share in the third quarter, down from $34.4 million or 83 cents a year ago.
October 31, 2007Michelin’s Revenue Growth Slows
Revenue growth at tire maker Michelin slowed to 2.5% after the company had a 4.7% sales increase in the first half of the year, Bloomberg reported.
October 31, 2007Diesel Rises 6.3¢ to Match Record $3.157
The national average price of diesel fuel rose 6.3 cents to $3.157 a gallon, matching the all-time record set two years ago, the Energy Department said Monday.
October 30, 2007Hill Says to Expect Announcement on HOS Revisions in Late November
ORLANDO, Fla. — John Hill, head of the Federal Motor Carrier Safety Administration, told Transport Topics he expects to issue guidance on the agency’s revisions to the hours-of-service rule in late November.
October 30, 2007Kitty Hawk Ceases Operations; Lays Off 500 Workers
Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.
October 30, 2007