Oil prices rose almost $2 to a six-month high of more than $62 a barrel Wednesday after a Department of Energy report showed that inventories fell last week, Bloomberg reported.
May 20, 2009Business
Initial Jobless Claims Fall for Week
Initial jobless claims fell by 12,000 last week, while the number of people receiving continuing claims reached a new record high, the Labor Department said Thursday.
May 21, 2009BusinessLogistics
Arcadia Capital Group to Buy 3PL Firm DLJ Express
Third-party logistics firm DLJ Express will be sold to investment company Arcadia Capital Group, the company that arranged the sale said.
May 21, 2009BusinessTechnology
Fed Considered More Asset Purchases, Minutes Show
Federal Reserve officials said at their meeting last month that the Fed may need to boost its purchases of assets to secure a stronger economic recovery, though policymakers agreed to hold off on such a move.
May 20, 2009Business
U.S. Vehicle Miles Traveled Fell 1.2% in March
U.S. motorists drove 1.2% fewer miles in March than a year earlier, the Federal Highway Administration said Wednesday.
May 20, 2009BusinessSafety
Memorial Day Driving to Increase, AAA Says
Reversing the recent trend of declining holiday travel, 1.5% more Americans will travel more than 50 miles from home during Memorial Day weekend than did last year, the motorist group AAA estimated.
May 20, 2009Business
SoCal Port Sets Funds for New Trucks, Retrofits
The Port of Long Beach, Calif., said it is making funds available to truckers who want to retrofit older trucks or buy new trucks.
May 20, 2009BusinessLogistics
C.R. England Adds myLogistics Software
C.R. England said that it has implemented myLogistics software in its dedicated division, giving the logistics company better ability to bid for contracts, among other features.
May 20, 2009BusinessLogistics
Radiant Logistics to Buy Back Stock
Radiant Logistics said that it will repurchase up to 5 million shares of its common stock through 2010.
May 20, 2009GovernmentBusinessSafety
ATA Files Appeal in SoCal Ports Case
American Trucking Associations has filed an appeal with the Ninth Circuit Court of Appeals, claiming that a lower court did not follow the circuit court's directions in granting an injunction in its continuing fight with the ports of Los Angeles and Long Beach, the Long Beach Press-Telegram reported.
May 19, 2009