Intermodal traffic fell last week for the first time in a year, largely due to winter storm disruptions, the Association of American Railroads reported.
February 11, 2011Business, Fuel
Diesel Jumps 7.5¢ to $3.513 Pushed By Cold Wave, Egyptian Concerns
Continuing cold weather across much of the United States and Europe and political unrest in Egypt helped push domestic fuel prices higher. The average retail cost of a gallon of diesel rose 7.5 cents to $3.513 a gallon last week.
February 14, 2011Business, Equipment
Yokohama to Boost Auto, Light-Truck Tire Prices 8%
Yokohama Tire Corp. said Friday it will increase prices by up to 8% on all of its consumer tires, which include passenger, performance and light-truck tires, effective March 1.
February 11, 2011Business, Government, Logistics
Consumer Confidence Hits Eight-Month High
Consumer confidence rose to an eight-month high this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.
February 11, 2011Business, Logistics
Express-1 Reports Improved 4Q Profit
Express-1 Expedited Solutions’ second-quarter profit rose to $820,000, or 2 cents per share, from $601,000, or 2 cents, a year earlier.
February 11, 2011Business
Iteris Reports Loss for Fiscal 3Q
Iteris Inc., which makes lane-departure warning systems for the trucking industry, said it had a net loss in its third fiscal quarter.
February 11, 2011Business, Logistics
Intermodal Traffic Takes First Dip in a Year
Business
U.S. Trade Deficit Widens
The U.S. trade deficit widened for a second straight month in December on higher oil imports, the Commerce Department said Friday.
February 11, 2011Business, Equipment
Goodyear Posts Loss; Sales Rise as Tire Maker Sees Stronger 2011
Goodyear Tire & Rubber Co. Thursday reported a fourth-quarter loss but projected 3% to 5% growth in tire sales this year and said it would close a Tennessee plant to cut costs.
February 10, 2011Business
Vitran Reports Fourth-Quarter Loss
Vitran Corp. Thursday reported losses for the fourth-quarter and full year, though it posted positive income from operations for 2010.
February 10, 2011Business
Wholesale Inventories Rise 1%
Wholesale inventories rose 1% in December, the Commerce Department said Thursday.
February 10, 2011