Intermodal rose 11.7% last week from a year earlier, the Association of American Railroads said.
November 11, 2010Business
FedEx Expects 11% Gain in Holiday Package Volume
FedEx Corp. said it expects to handle 223.3 million items between Thanksgiving and Christmas this year, an 11% increase over the same period last year.
November 12, 2010Business, Logistics
Ceva Logistics Reports Higher Earnings in 3Q
Third-party logistics provider Ceva Logistics reported an increase in third-quarter earnings to 86 million euros ($117 million), a 26% increase over last year.
November 12, 2010Business, Government
Consumer Confidence Grows in November
Consumer confidence increased this month, according to the monthly Thomson Reuters/University of Michigan consumer sentiment index released Friday.
November 12, 2010Business
Knight Sets Special Dividend
Knight Transportation said it has declared a special cash dividend of 75 cents per share.
November 12, 2010Business, Logistics
Intermodal Traffic Rises 11.7% for Week
Business
IdleAIR Changes Name, Opens More Sites
IdleAIR, which provides anti-idling equipment at truck stops, has changed its name from IdleAire and opened 16 U.S. locations since reorganizing under a third owner.
November 11, 2010Business, Equipment
Arrow Trucking Employees to Get $2 Million in Back Pay
About 572 former employees of bankrupt flatbed carrier Arrow Trucking Co. will receive $2 million in back wages and benefits, the Tulsa World newspaper reported, citing court documents.
November 11, 2010Business
DOT Freight Transportation Index Rises 2.1%
The Department of Transportation’s freight transportation services index rose 2.1% in September from a year earlier, the seventh straight year-over-year gain.
November 11, 2010Business, Fuel, Government
U.S. Trade Deficit Narrows in September
The U.S. trade deficit narrowed 5.3% in September as a lower dollar boosted exports, the Commerce Department said.
November 10, 2010Business
GM Reports $2.1 Billion Third-Quarter Profit
General Motors Co. Wednesday reported a $2.1 billion third-quarter profit, as it prepares for a new initial public offering as soon as next week, Bloomberg reported.
November 10, 2010