3Q Productivity rises 1.9%
U.S. workers’ productivity rose at a 1.9% annual rate in the third quarter, the Labor Department reported.
November 14, 2013Trade Deficit Rises 8% in September
The U.S. trade deficit increased 8% in September to a four-month high, the Commerce Department reported Nov. 14.
November 14, 2013Weekly Jobless Claims Decline by 2,000
Jobless claims declined by 2,000 for the week ended Nov. 9, Bloomberg News reported.
November 14, 2013Supply Chain Software Firm Accellos Acquires Profitsystems
Supply chain software company Accellos announced that it has acquired technology firm Profitsystems. Terms were not disclosed.
November 13, 2013Panel Recommends Including Logistics Companies in SmartWay
SmartWay should be expanded to include the other freight modes besides trucking and should recruit members among the logistics companies that steer work to drayage haulers at ports, said a special advisory panel to the Environmental Protection Agency.
November 13, 2013Volvo Introduces I-Shift Transmission to Mexico
GUADALAJARA, Mexico — Volvo Trucks and one of its largest Mexican fleet customers announced that the carrier is the first to adopt Volvo’s I-Shift automated manual transmission in this country, which Volvo said is part of its strategy to boost its presence in the Mexican truck market.
November 13, 2013IWLA Hires DeHaan as CEO
The International Warehouse and Logistics Association named Steve DeHaan as its CEO.
November 13, 2013Activist Investor Loeb Acquires Stake in FedEx
Daniel Loeb, an activist investor who has advocated for major changes at companies such as Sony Corp. after investing in them, has taken a stake in parcel carrier FedEx Corp. through his Third Point hedge fund, Bloomberg News reported.
November 13, 2013Meritor Reports Higher 4Q Earnings
Truck component maker Meritor Inc. said its fiscal fourth-quarter earnings jumped from a year ago in part on the sale of its stake in Suspensys Sistemas Automotivos.
November 13, 2013Maersk Third-Quarter Profits Rise
Maersk Line reported that its third-quarter profit rose from a year ago, and its parent company A.P. Moller-Maersk raised its full-year forecast, Bloomberg News reported.
November 13, 2013