FedEx Corp. said it may not go through with a $7.7 billion purchase of 30 new jet planes for air freight if federal law is changed to make it easier for its employees to join a union, Bloomberg reported.
March 25, 2009GovernmentBusiness
Personal Spending Rises for Second Straight Month
Consumer personal spending rose in February for the second consecutive month, the Commerce Department said Friday.
March 27, 2009BusinessSafetyGovernment
China Auto Production Tops U.S., Group Says
China passed the United States last year to become the world鈥檚 second largest auto-producing nation behind Japan, according to a California research firm.
March 27, 2009GovernmentBusiness
Plains States, Highways Hit by Snow, Flooding
President Obama declared North Dakota a federal disaster area as floods from a big spring blizzard caused widespread road closures, and surrounding states to the south and west closed roads due to flooding and high winds, the Associated Press reported.
March 26, 2009GovernmentBusiness
Fourth-Quarter GDP Contracts 6.3%
The U.S. economy contracted at an annual rate of 聽6.3% rate in the fourth quarter, marking the biggest contraction since 1982, the Commerce Department said Thursday.
March 26, 2009BusinessFuelGovernment
UTi Worldwide Reports Fourth-Quarter Loss
Air and ocean freight forwarder UTi Worldwide lost $89.8 million, or 89 cents per share, for its fiscal fourth quarter, compared with a profit of $18 million, or 18 cents per share, a year ago.
March 26, 2009GovernmentBusinessLogisticsTechnologyEquipmentSafety
House Bill Would Extend Size, Weight Limits
A House bill would freeze the truck size and weight limits of 53 feet for trailers and 80,000 pounds for the entire national highway system.
March 26, 2009BusinessGovernment
February New 91视频 Sales Rise 4.7%
New home sales rose 4.7% in February after bottoming out in January at the lowest rate on record, the Commerce Department said Wednesday.
March 25, 2009BusinessGovernment
Durable Goods Post 3.4% Gain in February
Durable goods orders rose 3.4% in February, the biggest gain in more than a year and the first in seven months, the Commerce Department said Wednesday.
March 25, 2009BusinessSafetyGovernment
LaHood Says U.S. Seeking to Revive Mexican Trucking Plan
Transportation Secretary Ray LaHood wants to revive the cross-border trucking program with Mexico that lets some carriers from that country deliver goods into the United States beyond a set border zone, Bloomberg reported Tuesday.
March 24, 2009