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Pennsylvania Turnpike Announces Temporary Weekend Closure
The Pennsylvania Turnpike Commission announced that a section of the toll road would be closed for several hours in between Saturday night and early Sunday morning.
March 17, 2006Philadelphia Manufacturing Slows in March
Manufacturing growth in the Philadelphia area slowed in March but costs eased, the Federal Reserve Bank of Philadelphia said Thursday.
March 16, 2006Pipeline Firm to Buy Lone Star Trucking, Oil Company
Plains All American Pipeline, an oil distribution firm, said it has agreed to buy Lone Star Trucking and oil firm Andrews Petroleum for about $205 million, the Associated Press reported.
March 16, 2006Railroads Struggling With High Coal Demand
Railroads are struggling to meet utilities’ increasing demands for coal shipments, the Wall Street Journal reported.
March 16, 2006Consumer Price Index Increases 0.1% in February
Following a gain in January, U.S. consumer prices rose at a slower pace of 0.1% in February, the Labor Department reported Thursday.
March 16, 2006Housing Starts Fall 7.9% in February
U.S. new housing starts fell 7.9% in February from January, the Commerce Department reported Thursday.
March 16, 2006Initial Jobless Claims Rise 5,000 for Week
The number of workers filing initial unemployment claims rose by 5,000 last week to 309,000, the Labor Department reported Thursday.
March 16, 2006Shipper Changes Cut Distances That Truckload Freight Travels
Changes in distribution patterns by shippers are combining with well-known industry issues of high fuel prices, a shortage of drivers, modifications to hours-of-service rules and highway congestion to drive down the average number of miles that a truck hauls a shipment, according to several carriers and shippers.
March 16, 2006Union Pacific Boosts First-Quarter Earnings Outlook
Western freight railroad Union Pacific Corp. late Tuesday raised its first-quarter earnings projection to a range of $1 to $1.10 per share, from its previous 80- to 90-cent projection.
March 15, 2006Import Prices Drop 0.5% in February
Imported goods prices fell 0.5% in January, the Labor Department said Thursday. The decline was the same when excluding oil prices, Labor said.
March 15, 2006