The U.S. unemployment rate jumped to 8.5% in March from 8.1% in February, making it the highest level in 25 years, the Labor Department said Friday.
April 3, 2009BusinessSafetyGovernment
Obama Names Nominees for Two DOT Agencies
President Obama named two nominees to lead agencies within the Department of Transportation, the White House said.
April 3, 2009BusinessSafetyGovernment
ISM Services Index Shows Continued Contraction
The U.S. economy’s service sector continued to contract in March, the Institute for Supply Management said Friday.
April 3, 2009BusinessSafety
Intermodal Falls 15.4% for Week
Rail and intermodal traffic both fell last week compared with a year ago, the Association of American Railroads said.
April 3, 2009Business
Navistar Protests Military Truck-Ordering Plan
Navistar International Corp. has protested to U.S. government officials about the method the Pentagon is using to select providers of mine-resistant all-terrain vehicles to be used by U.S. troops in Afghanistan.
April 2, 2009Business
Saia Sets New Pay Cuts
Saia Inc. said Thursday it will take new cost-cutting measures to cope with the slow economy and reduced tonnage, including trimming its executives’ pay by 10% and its hourly, linehaul and salaried employees’ pay by 5%.
April 2, 2009BusinessSafetyGovernmentLogistics
Con-way, TNT Start New Europe-to-U.S. Service
Less-than-truckload carrier Con-way Freight will take over the final leg of express shipments from Europe under a new partnership with Dutch transportation and logistics firm TNT.
April 2, 2009Business
Jobless Claims Rise; Continuing Claims Reach Record
Initial jobless claims rose by 12,000 last week and continuing claims reached a new record, the Labor Department said Thursday.
April 2, 2009Business
Jury Backs FedEx in Wash. Overtime Case
FedEx Corp. did not illegally deny overtime pay to contract delivery drivers who said the company wrongly called them entrepreneurs, a Seattle jury decided late Tuesday, Bloomberg reported.
April 1, 2009BusinessLogistics
Pa. Trucking Company Cutting Driver Pay 8.9%
Ward Transport and Logistics Corp. is cutting the pay of its drivers and hourly workers by 8.9%, Pennsylvania television station WTAJ reported on its Web site Tuesday.
April 1, 2009