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...
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...
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...
03 May Service Industries Expand at Faster Pace Than Projected America's service industries expanded more than projected in April as a measure of orders reached the highest level since 2005, a survey from the Institute for Supply Management showed May 3. Read more...
03 May UPS Aircraft Mechanics Picket Over Contract Negotiations UPS aircraft mechanics from around the country picketed in front of a Buckhead, Ga., UPS store over their contract negotiations, saying they're concerned about losing some of their health-care benefits. Read more...
03 May Companies Boost Payrolls by 177,000 in April, ADP Says Companies added workers to U.S. payrolls at a steady pace in April with increases across industries, data from the ADP Research Institute in Roseland, N.J., showed May 3. Read more...