Rail and intermodal traffic fell sharply in November from a year ago, the Association of American Railroads said.
December 5, 2008Business
YRC, Teamsters Reach Tentative Pact on 10% Pay Cut
YRC Worldwide and Teamsters union leaders reached a tentative agreement on a 10% pay cut for union employees to help reduce costs, Bloomberg reported late Wednesday.
December 4, 2008BusinessLogistics
Dynamex鈥檚 Fiscal 1Q Earnings Decline
Logistics and delivery firm Dynamex Inc. said Thursday its fiscal first-quarter profit fell to $3 million, or 30 cents a share, from $4 million, or 39 cents, a year ago.
December 4, 2008Business
Unemployment Claims Rise to 26-Year High
First-time unemployment claims fell but continuing claims rose to a 26-year high last week, the Labor Department said Thursday.
December 4, 2008Business
UAW Open to Renegotiating Terms; Suspending Jobs Bank
The United Auto Workers said Wednesday it is willing to alter contracts with U.S. automakers and accept delayed payments of billions of dollars to health care trust fund in order to help the companies potentially secure $34 billion in government loans, the Associated Press reported.
December 3, 2008GovernmentBusinessSafety
Fed Cites Lag in Transport Services Demand
Demand for transportation services has lowered since early October, and costs for services have fallen in some areas, and demand for transportation services will continue into 2009, the Federal Reserve said Wednesday.
December 3, 2008Business
Pilgrim's Pride Files for Bankruptcy
Poultry producer and transporter聽Pilgrim鈥檚 Pride Corp. has filed for Chapter 11 bankruptcy protection, Bloomberg reported.
December 3, 2008BusinessSafetyGovernment
ISM Services Index Falls to Record Low
The U.S. economy鈥檚 service sector declined in November at the fastest pace on record, the Institute for Supply Management said Wednesday.
December 3, 2008GovernmentBusinessSafety
Productivity Rises More Than Forecast
Third-quarter U.S. worker productivity rose 1.3% in the third quarter, the Labor Department said Wednesday, more than a previous estimate.
December 3, 2008BusinessGovernment
ABF Cites Union Contract Concerns
Arkansas Best Corp. may seek to amend its labor contract with the Teamsters union following the union鈥檚 tentative agreement to make contract changes to help reduce costs at less-than-truckload carrier YRC Worldwide, Bloomberg reported.
December 3, 2008