Government

About Government News...
Business, Government, Safety

Firms Seek to Replace Pension Funds

NEW YORK — The top executive at Arkansas Best Corp. said he expects to offer his fleet’s unionized employees a less-costly pension benefit plan and withdraw from the current Teamsters multi-employer funds.

May 14, 2007
Business, Safety, Government

Moyes Completes Swift Buyout Deal

Bruce Harmon/Trans Pixs

Swift Transportation Co. founder Jerry Moyes said Thursday he has completed his $2.5 billion takeover of the truckload carrier.

Transport Topics
May 11, 2007
Business, Government

Business Inventories Fall; Sales Rise

U.S. business inventories fell in March but sales rose, the Commerce Department said Friday.

Transport Topics
May 11, 2007
Business, Government

April Retail Sales Fall 0.2%

Retail sales fell 0.2% in April, the Commerce Department said Friday.

Transport Topics
May 11, 2007
Business, Fuel, Government

Producer Price Index Gains 0.7%

The producer price index rose 0.7% in April, while the core PPI excluding food and energy was unchanged for a second straight month, the Labor Department said Friday.

Transport Topics
May 11, 2007
Government, Business, Logistics

Clarke Sets 2-for-1 Stock Split

Ambassador Bridge — TT File Photo

Canadian holding company Clarke Inc. said Thursday its first-quarter earnings improved, and the company’s board approved a 2-for-1 stock split.

Transport Topics
May 10, 2007
Business, Government, Safety, Fuel

Feds Probing Oil-Trading Practices

Federal regulators are looking into possible manipulation of crude oil prices by after-hours trading practices, the Wall Street Journal reported Thursday.

Transport Topics
May 10, 2007
Business, Government, Logistics

U.K. Hedge Fund Seeks Rail Returns

Larry Smith/Trans Pixs

A British hedge fund that owns shares of U.S. railroads Union Pacific Corp. and BNSF Railway, in addition to its previously disclosed holdings of CSX Corp., wants better returns from its U.S. rail holdings, Bloomberg reported.

Transport Topics
May 10, 2007
Business, Government

April Import Prices Rise 1.3%

The price of goods imported to the United States rose 1.3% in April in a third straight gain, the Labor Department said Thursday.

Transport Topics
May 10, 2007
Government

Trade Deficit Jumps 10.4% in March

The U.S. trade deficit grew by 10.4% in March as oil imports surged, the Commerce Department said Thursday.

Transport Topics
May 10, 2007

Pages