The Senate has passed a two-year, $109-billion bill to fund the nation’s highways and public transit system.
March 14, 2012BusinessEquipment
Philadelphia Manufacturing Index Rises to 11-Month High
Manufacturing activity in the Philadelphia region expanded in March at the fastest pace in 11 months, the Federal Reserve Bank of Philadelphia said Thursday.
March 15, 2012BusinessGovernment
New York Manufacturing Index Rises
Manufacturing activity in the New York region expanded in March at the fastest rate since June 2010, the Federal Reserve Bank of New York said Thursday.
March 15, 2012Business
Producer Prices Rise 0.4% in February
Prices paid to U.S. producers climbed 0.4% in February, the largest gain in five months, the Labor Department said Thursday.
March 15, 2012Business
Jobless Claims Match Four-Year Low
Initial jobless claims declined by 14,000 and matched the lowest level in four years, the Labor Department said Thursday.
March 15, 2012BusinessLogistics
CSA, Other Government Regulations to Be TIA’s Focus at Texas Meeting
The Transportation Intermediaries Association will focus its attention on government regulation, particularly the Compliance, Safety, Accountability program, when the trade group convenes March 21-24 in San Antonio.
March 15, 2012BusinessLogistics
Port Logistics Teams With Joe Fresh
Port Logistics Group said it has signed a multiyear service agreement with Canadian food retailer Loblaw Cos., the parent of the Joe Fresh clothing brand.
March 15, 2012Special CoverageBusiness
Daimler Says Layoffs to Be ‘Significantly Lower’ Than Previously Announced
NASHVILLE, Tenn. — Martin Daum, president of Daimler Trucks North America, said the company’s previously announced layoffs at its production facilities will be “significantly lower” than the 1,300 jobs it had projected earlier this year.
March 14, 2012Business
DOT Freight Index Rises Year-Over-Year
The Department of Transportation’s freight transportation services index rose 1.6% in January from a year ago but slipped from an all-time high in December, DOT said Wednesday.
March 14, 2012Business
TravelCenters’ Fourth-Quarter Loss Narrows
TravelCenters of America said Thursday that its fourth-quarter loss narrowed to $2.5 million, or 9 cents per share, from $30 million, or $1.71 per share, a year ago.
March 14, 2012