Retail sales continued to rise, increasing 0.8% in November, the Commerce Department reported Tuesday.
December 14, 2010Business
Business Inventories Rise 0.7%
Business inventories rose 0.7% in October, the Commerce Department said Tuesday.
December 14, 2010Business
Producer Price Index Rises More Than Forecast
Prices paid to U.S. producers rose 0.8% in November, the Labor Department said Tuesday.
December 14, 2010Business, Fuel
Diesel Rises 3.4¢ to $3.231 in Latest Two-Year High
Diesel rose to its latest two-year high — the third time it has done so in the past month — rising 3.4 cents to $3.231 a gallon, the Department of Energy said.
December 14, 2010Business, Logistics
OHL Names North American Transportation President
Ozburn-Hessey Logistics said Dec. 13 it promoted Greg Sanders president of the company’s North America Transportation unit.
December 14, 2010Government, Business, Logistics
Shippers Cite Concerns on FMC Investigation of Ocean Carriers
A shipper group has expressed “profound disappointment” over a so-called fact-finding investigation by the Federal Maritime Commission into numerous U.S. importer and exporter complaints about “perceived malpractices” by ocean carriers that resulted in supply-chain service disruptions and rate and surcharge increases in late 2009 and 2010.
December 13, 2010Business
Big Snowstorm Moving East
A huge Midwest snowstorm worked its way east Monday, stranding more than 70 motorists in Indiana in freezing temperatures, the Associated Press reported.
December 13, 2010Business
UPS to Require Identification for All Packages
UPS Inc. will require customers shipping packages to show government-issued photo identification in an effort to intensify security after explosives were found on October cargo flights, Bloomberg reported.
December 13, 2010Business
Truck Orders Gain 148%
Orders for Class 8 trucks in North America soared to more than 26,000 in November, jumping at least 148% from a year ago and 38% from October, industry consultants said.
December 13, 2010Business
Con-way Expanding San Antonio LTL Terminal
Con-way Freight said Monday it is investing $10 million to expand its San Antonio service center into a new, 105-door, 41,500 square foot facility.
December 13, 2010