Oil rose slightly Wednesday after falling to near $67 a barrel, following a Department of Energy report showed that inventories declined last week, Bloomberg reported.
September 2, 2009BusinessGovernment
July Factory Orders Rise 1.3%
Factory orders rose 1.3% in July, the fourth straight gain, the Commerce Department said.
September 2, 2009GovernmentBusinessSafety
Second-Quarter Productivity Jumps 6.6%
U.S. workers鈥 productivity rose in the second at an annual rate of 6.4%, higher than previously reported, the Labor Department said Wednesday.
September 2, 2009BusinessLogistics
Phoenix Group Gets Contract With H.E.B. Unit in Mexico
Logistics provider the Phoenix Group landed a construction logistics contract with the Mexican division of H.E.B. Grocery Co. of Houston that will more than double the size of its construction management division, Phoenix said.
September 2, 2009Business
Opinion: LTLs: Get Back in the Box
Most carriers were ill-prepared to manage in the current recession, and much has been written lately about 鈥減ost-recession operation,鈥 a term that strikes me as limiting and defensive 鈥 particularly in the case of less-than-truckload carriers.
September 2, 2009BusinessSafetyGovernment
ISM Factory Index Shows Manufacturing Expansion
U.S. manufacturing showed expansion in August for the first time in more than a year and half, the Institute for Supply Management said Tuesday.
September 1, 2009GovernmentBusiness
Construction Spending Falls 0.2% in July
U.S. construction spending slipped 0.2% in July, the Commerce Department said Tuesday.
September 1, 2009FuelBusinessLogisticsGovernment
Diesel Rises 0.6垄 to $2.674 in Sixth Straight Increase
Diesel fuel鈥檚 national average price rose slightly, gaining 0.6 cent to $2.674 a gallon, its sixth straight gain, the Department of Energy reported.
September 1, 2009BusinessEquipment
Aftermarket Revenue to Fall by 10% This Year, Industry Analysts Estimate
The heavy-duty aftermarket industry, which had passed through the previous two recessions relatively unscathed, has been hit hard this time, with one analyst saying revenue will be down 8% to 10% this year compared to 2008, which itself suffered a 4% drop from 2007.
September 1, 2009GovernmentBusinessSafety
YRC Gains $950 Million Credit Agreement
YRC Worldwide said it has amended a $950 million credit agreement with lenders, a move that sent its stock higher in after-hours trading, the Associated Press reported.
September 1, 2009