04 May FedEx Freight to Expand Facilities at Colorado Springs Airport FedEx Freight plans to move its Colorado Springs, Colo., terminal to a site it will lease that a Kentucky developer is buying from the Colorado Springs Airport, the airport's director said May 2. Read more...
04 May American Consumer Comfort Remains Close to a 15-Year High Consumer confidence last week held close to the highest level in more than 15 years as Americans felt a little better about their finances and whether it's a good time to spend, Bloomberg Consumer Comfort Index data showed May 4. Read more...
04 May Productivity Falls by Most in a Year; Labor Costs Climb U.S. worker productivity declined in the first quarter by the most in a year as growth in the world's largest economy weakened, a Labor Department report showed May 4. Read more...
04 May Jobless Claims Declined More Than Forecast Last Week Filings for U.S. unemployment benefits dropped more than forecast last week, consistent with a robust labor market, a Labor Department report showed May 4. Read more...
04 May Trade Gap Narrower Than Forecast as Service Exports Rise The U.S. trade deficit was narrower than forecast in March as record exports of services partly cushioned a drop in merchandise shipments, Commerce Department data showed May 4. Read more...
03 May XPO Turns Last Year's First-Quarter Loss Into This Year's Profit XPO Logistics turned last year's first-quarter net loss into a profit of similar magnitude even though revenue was flat, the company said May 3. Read more...
03 May Beam Brothers Gives Up Postal Service Contracts Mail contractor Beam Brothers Trucking agreed to turn over its contracts with the U.S. Postal Service to Eagle Express Lines Inc., while top executives of Beam Brothers prepare to defend themselves against federal charges. Read more...
03 May Memphis IT Outage Could Slow FedEx Shipments More than 120 FedEx Express flights out of Memphis International Airport in Tennessee were delayed early May 2 after an information technology system outage hit the company's world hub. Read more...
03 May Net Loss for USA Truck Accelerates in First Quarter The first-quarter net loss for USA Truck more than doubled and revenue fell, but the truckload carrier's new CEO said he intends to return the troubled company to profitability by this year's third quarter. Read more...
03 May Global Trade Growth Is About to Roll Over Signs are pointing to a looming slowdown in global trade growth, according to Morgan Stanley. Read more...