U.S. Trade Deficit Grows by 8.5% in April
The U.S. trade deficit grew by 8.5% in April as imports of consumer goods and business equipment increased, the Commerce Department said Tuesday.
June 4, 2013U.S. Manufacturing Contracted in May, ISM Reports
U.S. manufacturing activity contracted in May, the Institute for Supply Management reported.
June 3, 2013ABF Freight System Raises Rates 5.9%
Less-than-truckload carrier ABF Freight System has raised its rates by an average 5.9%, the company said.
June 3, 2013Construction Spending Rises 0.4% in April
Construction spending increased 0.4% in April, the Commerce Department reported Monday.
June 3, 2013Contrans Buys Alberta Waste Disposal Company
Canadian carrier Contrans Group said Monday it has acquired Deuce Disposal Ltd., a waste-collection firm based in Alberta.
June 3, 2013Descartes Systems’ Net Income Rises
Descartes Systems Group said its first-quarter net income for its 2014 fiscal year rose 10%.
June 3, 2013Oil Rises From Month-Low as OPEC Signals Concern About U.S. Shale-Oil Production
Oil rose to more than $92 a barrel Monday after finishing at the lowest price in a month Friday as OPEC ministers signaled growing unease with the U.S. oil boom, Bloomberg News reported.
June 3, 2013UPS Freight Sets 5.9% Rate Increase
UPS Freight, the less-than-truckload unit of UPS Inc., said it will raise its rates 5.9%, effective June 10.
June 3, 2013Saltchuk Resources Acquires Alaskan Carrier
Alaskan carrier Carlile Transportation Systems said it has been acquired by transportation firm Saltchuk Resources, Seattle. Terms were not disclosed.
June 3, 2013Editorial: Our Resilient Economy
The latest financial data show that the U.S. economy has exhibited amazing resilience in recent months, despite the fear and uncertainty that some political developments in Washington have spread and that many analysts feared would paralyze the nation’s recovery from the Great Recession.
June 3, 2013