Continuing Jobless Claims Hit Record High
Continuing jobless claims reached a new record during the week ended Jan. 17, the Labor Department said Thursday.
January 29, 2009House Stimulus Measure Contains Little for Infrastructure
Only about 5% of the $819 billion stimulus package passed by the House Wednesday is dedicated to infrastructure such as highway, mass transit and rail projects, the Boston Globe reported.
January 29, 2009USA Truck’s Fourth-Quarter Income Improves
Truckload carrier USA Truck said Thursday its fourth-quarter profit jumped to $0.6 million, or 6 cents a share, from a loss of $1.6 million, or 15 cents, a year ago.
January 29, 2009Arkansas Best Takes 4Q Loss
Arkansas Best Corp. reported a fourth-quarter loss and said it cut about 18% of its workforce, or about 1,100 jobs, in the quarter.
January 29, 2009New Home Sales Fall 15% to Lowest Level on Record
December new home sales fell to the lowest level on record, the Commerce Department said Thursday.
January 29, 2009Durable Goods Fall for Fifth Month
Durable goods orders fell for a fifth straight month in December, the Commerce Department said Thursday.
January 29, 2009Landstar’s 4Q Income Slips
Truckload carrier Landstar System’s fourth-quarter profit fell to $24.6 million, or 47 cents a share, from $29 million, or 54 cents, a year ago.
January 28, 2009Knight’s Fourth-Quarter Profit Rises
Truckload carrier Knight Transportation’s fourth-quarter profit rose to $16.1 million, or 19 cents a share, from $13.8 million, or 16 cents, a year ago.
January 28, 2009Post Office Asks to Cut a Delivery Day
The U.S. Postmaster General asked a Senate subcommittee Wednesday to allow the U.S. Postal Service to reduce its six-days-a-week delivery schedule to five days, news services reported.
January 28, 2009Fed Holds Interest Rate at Record Low
The Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
January 28, 2009