YRC Won't Apply for Bailout Funds
YRC Worldwide Inc. said it has begun a new effort to enlist U.S. government help in addressing multi-employer pension issues but that it will not be asking for a federal bailout.
June 12, 2009Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Business Inventories Fall 1.1% in April
Business inventories fell 1.1% in April, the eighth consecutive decline, the Commerce Department said Thursday.
June 11, 2009Oil Rises Over $72 a Barrel
Oil rose past $72 a barrel in after-hours trading Wednesday for the first time in seven months, Bloomberg reported.
June 11, 2009Retail Sales Increase 0.5%, Commerce Says
Retail sales climbed 0.5% in May, the first increase in three months, the Commerce Department said Thursday.
June 11, 2009Echo Acquires Raytrans Distribution
Echo Global Logistics said that it has acquired Raytrans Distribution Services, a transportation brokerage firm.
June 10, 2009Fed ‘Beige Book’ Notes Some Signs of Recovery
The Federal Reserve said Wednesday that the while the U.S. economy is still slowing in almost half of its regions, some companies’ outlooks are improving even though a weak labor market persists.
June 10, 2009DOT Freight Index Falls 8.5% in April
The Department of Transportation said its freight transportation services index fell 8.5% in April from a year earlier to its lowest level in seven years.
June 10, 2009Obama to Nominate Hersman as NTSB Chairman
President Obama will nominate Deborah Hersman, a member of the National Transportation Safety Board, to be the board's chairman, the White House said.
June 10, 2009U.S. Trade Deficit Widens
The U.S. trade deficit expanded in April for the second straight month following seven declines, as exports dropped to the lowest level in almost three years, the Commerce Department said Wednesday.
June 10, 2009ATA Outlines Safety Agenda
American Trucking Associations Tuesday announced a new safety agenda that the group said will reduce crashes while saving lives and money.
June 9, 2009