August Unemployment Hits Five-Year High
U.S. payrolls plummeted in August as the unemployment rate soared to 6.1%, tying a 2003 record, the Labor Department said Friday.
September 5, 2008N.J. Turnpike Authority Calls for Toll Hikes
The New Jersey Turnpike Authority asked Gov. Jon Corzine (D) to approve a series of toll increases on two of the state’s major toll roads to pay for infrastructure improvements, the Associated Press reported.
September 5, 2008TTNews to Close Monday for Labor Day
Transport Topics Online will be closed Monday for the Labor Day holiday. Please check back on Tuesday, Sept. 8, for the latest trucking and freight transportation news.
September 4, 2008American Axle to Produce Commercial Truck Parts
American Axle & Manufacturing Holdings will expand a factory in Michigan to build more parts for large commercial trucks, reducing its reliance on General Motors Corp. for business, Bloomberg reported Thursday.
September 4, 2008ISM Services Index Shows Expansion in August
The U.S. economy’s service sector expanded in August following two straight months of contraction, the Institute for Supply Management said Thursday.
September 4, 2008Mass. Restricts Trucks on Part of ‘Big Dig’ Project
The Massachusetts Turnpike Authority is placing a weight limit for trucks on the Leverett Connector in Boston, related to the city’s $15 billion “Big Dig” construction project, the Associated Press reported.
September 4, 2008Second-Quarter Productivity Rises 4.3%
Second-quarter U.S. worker productivity rose at a 4.3% annual rate, more than previously estimated, the Labor Department said Thursday.
September 4, 2008Initial Jobless Claims Rise for Week
Initial jobless claims rose by 15,000 last week to 444,000, the Labor Department said Thursday.
September 4, 2008Navistar Reports $272 Million 3Q Profit
Navistar International Corp. earned $272 million for its fiscal third quarter and boosted its full-year earnings forecast, the company said late Wednesday.
September 4, 2008Oil Dips for Fourth Straight Session
Oil fell 36 cents Wednesday to close at $109.35 a barrel on the New York Mercantile Exchange, as several crude intake ports reopened on the Gulf Coast following Hurricane Gustav, Bloomberg reported.
September 3, 2008