Saturday, February 25, 2017
Business
AP IMPACT: Road projects don't help unemployment

AP IMPACT: Road projects don't help unemployment

WASHINGTON — Ten months into President Barack Obama's first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found.

Moody’s says YRC less likely to default after swap

Moody’s says YRC less likely to default after swap

NEW YORK — Moody’s Investors Service said Friday it believes a recent debt-for-equity swap has reduced the possibility that trucking operator YRC Worldwide Inc. will default on its debt.

UPS to cut 1,800 management, administrative jobs

UPS to cut 1,800 management, administrative jobs

ATLANTA — UPS said Friday it will cut 1,800 management and administrative positions to streamline its U.S. small package segment.

Penske Truck leasing to acquire Texas company

Penske Truck leasing to acquire Texas company

READING, Pa. — Penske Truck Leasing Friday announced it has entered into an agreement with the Bright family to acquire Bright Truck Leasing and Bright Distribution, providers of full-service truck leasing, truck rental, maintenance, and logistics operations. Financial terms were not disclosed.

Unemployment level at 10%, truck transportation loses 3,300 jobs

Unemployment level at 10%, truck transportation loses 3,300 jobs

WASHINGTON — Lack of confidence in the economic recovery led employers to shed a more-than-expected 85,000 jobs in December even as the unemployment rate held at 10 percent.

Patriot’s transportation group loses major contracts

Patriot’s transportation group loses major contracts

JACKSONVILLE, Fla. — Patriot Transportation Holding Inc. reported Wednesday that its transportation group has been unsuccessful in renewing contracts with significant customers recently. For the fiscal year ending Sept. 30, 2009 the revenue from those customers was $10,012,000 or approximately 11 percent of transportation group revenue.

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