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Vexure Reports Higher 1Q Logistics Revenue

Third-party logistics firm and freight forwarder Vexure Inc. said Friday its first-quarter revenue rose 41%, to more than $31 million.

May 6, 2005

House Passes Measure for National License Standards

Click here to write a Letter to the Editor.The House approved the Real ID Act Thursday, which would set national guidelines for driver’s license applicants, news services reported.

May 6, 2005

Payrolls Rise 274,000; Unemployment Rate Holds at 5.2%

Employers added 274,000 workers to payrolls in April and the unemployment rate remained at 5.2%, the Labor Department said Friday.

May 6, 2005

Editorial: Caution as Freight Volumes Decline

Click here to write a Letter to the Editor.Freight volumes have now fallen in three of the past four months, according to ATA’s Truck Tonnage Index, including a 3.3% dip in the recently released March numbers.

May 6, 2005

Standard & Poor’s Cuts GM, Ford Credit Ratings

General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, had their credit ratings reduced to junk-bond status by Standard & Poor's.

May 5, 2005

First-Quarter Productivity Rises 2.6%

U.S. workers’ productivity grew at a 2.6% annual rate in the first quarter, the Labor Department reported Thursday.

May 5, 2005

Goodyear Swings to First-Quarter Profit

Goodyear Tire & Rubber Co. said late Wednesday it earned $68 million or 35 cents a share for the first quarter, turning around a loss of $78 million or 45 cents a year earlier.

May 5, 2005

Southern California Ports' Traffic to Grow, Report Says

Click here to write a Letter to the Editor. nternational trade through the Los Angeles region will grow by more than 14% this year to a record $302.1 billion, according to an economic study released Wednesday, the Associated Press reported.

May 5, 2005

Expeditors International of Washington Reports Higher 1Q Profit

Logistics firm Expeditors International of Washington Inc. late Wednesday reported first-quarter net income of $37.7 million or 34 cents a share, up 19% from $31.8 million or 29 cents last year.

May 5, 2005

Initial Jobless Claims Rise 11,000 in Latest Week

The number of U.S. workers filing for initial unemployment benefits rose by 11,000 in the week ended April 30, the second week of increases following three weeks of declines, the Labor Department said Thursday.

May 5, 2005

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