Construction Spending Gains 0.9%
Construction spending rose 0.9% in May, the fourth straight monthly increase and the biggest rise in almost a year and a half, the Commerce Department said Friday.
June 29, 2007Consumer Sentiment Dips in June
U.S. consumer confidence fell in June to a 10-month low the previous month, according to the University of Michigan’s monthly consumer sentiment index released Friday.
June 29, 2007Chicago Manufacturing Index Dips in June
Manufacturing activity in the Chicago declined but held near a two-year high this month, the National Association of Purchasing Management said Friday.
June 29, 2007Personal Spending Rises 0.5%
Consumer personal spending rose 0.5% in May, the Commerce Department said Friday.
June 29, 2007DHL Buys Stake in Polar Air
Package delivery firm DHL said Thursday it acquired a 49% stake Polar Air Cargo Express, a unit of Atlas Air Worldwide Holdings, to expand its business in the Asia-Pacific region.
June 28, 2007FedEx Expands China Service
FedEx Express said Thursday it has made its next-business-day service available to customers throughout China.
June 28, 2007May Truck Tonnage Drops 3.6%
American Trucking Associations’ advanced for-hire truck tonnage index for May fell to a six-month low and was down 3.6% from a year ago, ATA said Wednesday.
June 28, 2007UPS to Sell Stake in Chinese Firm
UPS Inc. will sell its stake in Chinese package delivery firm Sinotrans, the company said.
June 28, 2007First-Quarter GDP Revised Up to 0.7%
The U.S. economy grew by 0.7% in the first quarter, the slowest growth in four years, the Commerce Department said Thursday.
June 28, 2007YRC Changes Logistics Unit’s Name; Will Buy Chinese Firm
YRC Worldwide said that it has changed the name of its logistics unit Meridian IQ to YRC Logistics, and that it has entered into a preliminary agreement to buy a big Chinese logistics and trucking company.
June 27, 2007