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.
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.
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.
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.
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.