U.S. intermodal traffic rose 5.2% in June from a year ago and was the highest weekly average for the month of June on record, the Association of American Railroads said.
July 6, 2012BusinessFuel
Fuel Drops for 12th Week, Diesel Average at $3.648, but Oil Price Spikes
Retail diesel prices declined for a 12th straight week, dipping 3 cents a gallon to $3.648, the Department of Energy reported, but a spike in crude oil prices could signal an end to the downturn.
July 9, 2012GovernmentBusiness
Obama Signs Highway Bill Into Law
President Obama signed the federal highway bill into law at the White House Friday afternoon, which will fund transportation programs through September 2014, C-Span reported.
July 6, 2012Business
Navistar to Introduce New Engine Technology
Navistar International Corp. said Friday it will offer a new engine technology to meet federal and state emission rules by using a new, urea-based system for aftertreatment.
July 6, 2012Business
Unemployment Rate Holds at 8.2%, Trucking Gains 2,000 Jobs
The U.S. unemployment rate held at 8.2% in June and trucking employment improved by 2,000 jobs, the Labor Department said Friday.
July 6, 2012Business
Truck Orders Fall 28% in June, ACT Reports
North American heavy truck orders fell 28% in June to 16,500, the sixth consecutive year-over-year decline, reflecting a seasonal slowdown and continued caution by potential buyers, ACT Research reported.
July 6, 2012Business
June Automobile Sales Set Strong Pace
U.S. automobile sales continued at a strong pace in June, putting the industry on track for its highest-selling year since 2007, Bloomberg reported.
July 5, 2012Business
FedEx Completes Brazilian Logistics Acquisition
FedEx Corp. said it completed its acquisition of Brazilian logistics firm Rapidão Cometa LogÃstica e Transportes S.A.
July 5, 2012Business
Initial Jobless Claims Fall by 14,000 for Week
Initial jobless claims fell by 14,000 last week, the Labor Department said Thursday. Â
July 5, 2012BusinessLogistics
BTS Logistics Buys Trade Show Unit
Wheaton Van Lines, which acquired Bekins Van Lines earlier this year, has spun off Bekins’ former trade show business to newly formed BTS Logistics, the company announced.
July 5, 2012