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ISM Factory Index Falls to 55.2 in March
The Institute for Supply Management said Friday that its factory index slipped to 55.2 in March, down from 55.3 in February, though the sector continued to expand.
April 1, 2005
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Michigan Consumer Sentiment Index Drops
The University of Michigan’s final consumer sentiment index for March fell to 92.6, the lowest since October, following a 94.1 reading in February.
April 1, 2005Payrolls Rise by 110,000; Unemployment Drops to 5.2%
Employers added 110,000 workers to payrolls in February and the unemployment rate fell to 5.2% from 5.4% a month earlier, the Labor Department said Friday.
April 1, 2005Mullen Buys British Columbia Trucking Company
Canadian transportation firm Mullen Transportation Inc. said Friday it signed an agreement to acquire Tenold Transportation Services, based in British Columbia.
April 1, 2005Intermodal Volume Rises Slightly Following Holiday Week
The Association of American Railroads said intermodal volume rose 1.2% to 211,228 trailers or containers in the week ended March 26.
April 1, 2005February Air Cargo Shipments Fall 1.3%
Total air cargo shipments fell 1.3% in February compared with a year earlier, the Air Transport Association reported.
April 1, 2005DOT Approves U.S. Carriers Rights for China Flights
FedEx Corp., UPS Inc., Northwest Airlines and Polar Air Cargo were each formally awarded three additional cargo flights to China starting in 2006 by the U.S. Department of Transportation.
April 1, 2005Crude Oil Prices Reach Another Record
Crude oil prices reached an all all-time high Friday on concerns that rising demand may outstrip refinery production during peak demand season this summer, news services reported.
April 1, 2005Construction Spending Rises 0.4% to Record Rate
The Commerce Department said Friday that construction spending rose 0.4% in February to a record $1.05 trillion annual pace.
April 1, 2005Celadon Group Expects Higher 1Q Profits
Truckload carrier Celadon Group Inc. said Friday it expected its first-quarter earnings to be in the range of 24 cents to 26 cents per share.
April 1, 2005