Oil fell below $87 a barrel Thursday, capping its biggest monthly decline in more than three years following a Department of Energy report that showed crude supplies rose to a 22-year high, Bloomberg reported.
May 31, 2012Business
Personal Spending Rises in April
Consumer personal spending rose 0.3% in April as incomes increased, the Commerce Department said Friday.
June 1, 2012Business
ATA Tells Congress Security Efforts Must Be Risk-Based
Efforts to protect the nation’s transportation system from terrorist attack should promote information sharing between the public and private sectors and focus on areas most at risk, a trucking executive told a Congressional panel.
June 1, 2012BusinessLogistics
Radiant Logistics Opens Center in Charlotte
Radiant Logistics Inc. has opened a new location in Charlotte, N.C., for its Distribution by Air network.
June 1, 2012Business
Senator Asks DOT to Create Freight Initiative
Sen. Maria Cantwell (D-Wash.) has asked Transportation Secretary Ray LaHood to create a multimodal freight initiative within the Department of Transportation.
May 31, 2012BusinessSafetyGovernmentLogisticsAutonomous
Trimac to Acquire Ontario Bulk Carrier
Canadian bulk trucking company Trimac Transportation said it will acquire Ontario-based specialized bulk carrier Liquid Cargo Lines.
May 31, 2012Business
Chicago Manufacturing Activity Slows
Manufacturing activity in the Chicago area slowed in May but showed continued expansion, the Institute for Supply Management-Chicago said Thursday.
May 31, 2012Business
Weekly Jobless Claims Rise
Initial jobless claims climbed last week to a one-month high, the Labor Department said Thursday.
May 31, 2012Business
Daimler Unveils 2014 Freightliner Cascadia; Hosts LaHood
OXON HILL, Md. — Daimler Trucks North America showed off its new version of the Freightliner Cascadia that meets January 2014 federal greenhouse gas standards, touting its commitment to fuel economy while hosting Transportation Secretary Ray LaHood.
May 30, 2012BusinessLogistics
CP Railroad Strike Likely to Continue Through Friday
A strike at Canadian Pacific Railway will continue at least until Friday, due to passage by Canada’s opposition Liberal party to delay passage of back-to-work legislation, Reuters reported.
May 30, 2012