Oil fell almost $1 to a seven-week low of less than $76 a barrel Friday as the dollar surged on an unexpected drop in the U.S. unemployment rate, Bloomberg reported.
December 4, 2009Business
Betancourt Begins Venture After Departing Innovative
Ernie Betancourt, until recently the president of Innovative Computing Corp., has parted ways with the country鈥檚 oldest provider of trucking software but not with the trucking industry.
December 7, 2009BusinessSafetyGovernment
Oberstar Wants Road Funds Included in Jobs Legislation
WASHINGTON 鈥 Rep. James Oberstar (D-Minn.), the chairman of the Transportation and Infrastructure Committee, said he was crafting an infrastructure jobs program to supplement federal stimulus efforts.
December 7, 2009BusinessFuelGovernment
Diesel Declines 1.2垄 to $2.775
The average price of U.S. retail dipped 1.2 cents to $2.775 a gallon last week, the fourth straight decline. The fuel, however, remains just 3.3 cents below the high for the year, the Department of Energy reported.
December 7, 2009BusinessSafety
Infrastructure Key to Economy, Trucking Executive Tells Obama
Investing in highway infrastructure is the quickest, most efficient way to create jobs and restore the economy, former American Trucking Associations Chairman Charles 鈥淪horty鈥 Whittington told President Obama at this week's White House jobs summit.
December 4, 2009Business
Unemployment Rate Slips to 10% in November
The U.S. unemployment rate fell to 10% in November, from 10.2% in October, the Labor Department said Friday.
December 4, 2009BusinessGovernment
Factory Orders Rise for Sixth Time in Seven Months
U.S. factory orders rose for the sixth time in seven months in October, the Commerce Department said Friday.
December 4, 2009Business
FedEx Ground to Raise 2010 Rates by 4.9%
FedEx Corp. said late Thursday it will raise its standard list rates for its FedEx Ground and FedEx 91视频 Delivery units by an average of 4.9%, effective Jan. 4.
December 4, 2009BusinessGovernmentLogistics
Canadian Officials Approve Plans for New Detroit-Windsor Crossing
Canadian federal and local authorities have green-lighted environmental plans for the Detroit River International Crossing project, part of a plan for a new proposed bridge crossing between the U.S. and Canada.
December 4, 2009BusinessLogistics
Saddle Creek Acquires ServiceCraft
Third-party logistics firm Saddle Creek Corp. said it acquired logistics firm ServiceCraft Logistics, Buena Park, Calif.
December 4, 2009