Will haul crutches for food

One wee bit of good news from the Institute for Supply Management today: The service sector is shrinking slower than it was in December. "The NMI (Non-Manufacturing Index) registered 42.9 percent in January, 2.8 percentage points higher than the seasonally adjusted 40.1 percent registered in December, indicating contraction in the non-manufacturing sector for the fourth consecutive month, but at a slightly slower rate,” reports ISM. Even better news is for those tied to two sectors: Health ...

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Clogged warehouses a bad sign for freight

Friday’s bad report on the fourth quarter’s Gross Domestic Product bodes ill for those who want to make a living moving freight in the coming months.   The economy contracted 3.8 percent in the final three months of 2008, according to the Commerce Department. But strip out production that merely inflated inventories, and the economy would have contracted 5.1 percent. Even with companies lopping off production like dead limbs, it wasn’t fast enough to compensate for ...

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