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Business, Government

YRC to Apply for Bailout Funds, Journal Says

YRC Worldwide

Less-than-truckload carrier YRC Worldwide plans to ask for $1 billion in federal bailout money to help relieve its pension obligations, the Wall Street Journal reported Friday.

May 15, 2009
Fuel, Business, Government

April Consumer Price Index Unchanged

The consumer price index was unchanged in April, though prices excluding food and fuel rose, the Labor Department said Friday.

May 15, 2009
Business, Government

New York Manufacturing Index Improves

Manufacturing activity in the New York region contracted the least since August this month, the Federal Reserve Bank of New York said Friday.

May 15, 2009
Business, Safety

Intermodal, Rail Traffic Fall for Week

Bruce Harmon/Trans Pixs

Intermodal rail traffic fell 21% last week compared with the same week last year, the Association of American Railroads said.

May 15, 2009
Business, Safety, Government, Logistics

Bill Would Seek to Boost Non-Truck Freight Modes

Tom Biery/Trans Pixs

Two key Senators introduced legislation Thursday that would increase the proportion of national freight transportation provided by modes other than trucks by 10% by 2020.

May 14, 2009
Business

Wal-Mart Reports Flat First-Quarter Income

Bruce Andrew Peters for TT

Wal-Mart Stores said Thursday its fiscal first-quarter profit was flat from a year ago as revenue from its international operations was hurt by a stronger dollar, the Associated Press reported.

May 14, 2009
Business, Logistics

Wabash National’s First-Quarter Loss Widens

Bruce Harmon/Trans Pixs

Trailer manufacturer Wabash National Corp. lost $28.3 million, or 94 cents per share, for the first quarter, compared with a loss of $6.4 million, or 21 cents, a year ago.

May 14, 2009
Business

Initial Weekly Jobless Claims Rise

Initial jobless claims rose last week while the number of people receiving continuing claims set a record for the 15th straight week, the Labor Department said Thursday.

May 14, 2009
Business

Opinion: Slow Pay: Trouble in Tough Times

Slower payment of invoices and “extended receivables” is a troubling business trend of late. Slow pay restricts cash flow and could put carriers out of business — even those with otherwise excellent operations. Focused on their core business of moving freight, carriers sometimes overlook key opportunities in the critical business process that follows successful delivery.

May 14, 2009
Business

Express-1’s First-Quarter Profit Plunges

Express-1 Expedited Solutions said its first-quarter profit plunged to $5,000, from $643,000 a year ago.

May 13, 2009

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