Intermodal rail traffic jumped 21.2% last week, reaching the highest level since late 2008, the Association of American Railroads said.
June 25, 2010Business
FedEx Ground Plans New Chicago Distribution Center
FedEx Ground, the small-package ground unit of FedEx Corp., is building a package sorting and delivery station that would be the company’s fifth in the Chicago area.
June 25, 2010Business, Government
Consumer Confidence Hits Highest Level in Two Years
Consumer confidence rose this month to the highest level in more than two years, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.
June 25, 2010Business, Logistics
Intermodal Traffic Jumps 21.2% for Week
Business
Durables Gain, Excluding Transportation Orders
Durable goods orders fell for the first time in six months but rose 0.9% excluding transportation orders, marking the third such gain in four months, the Commerce Department said Thursday.
June 24, 2010Business
Jobless Claims Decline for Week
Initial jobless claims fell from a two-month high, declining 19,000 last week, the Labor Department said Thursday.
June 24, 2010Business, Equipment
Global Truck Market Demand Remains Weak, Report Says
The global market for commercial trucks is showing signs of recovery, but demand over the next few years is likely to stay far below the peak levels of 2006 in North America and 2008 in Europe, Standard & Poor’s Ratings Services said.
June 24, 2010Business, Logistics
CSX, D.C. File to Dismiss Hazmat Lawsuit
CSX Transportation and the District of Columbia filed a motion in federal court last week saying they plan to end their litigation over an attempt by the city to ban hazardous materials shipments.
June 24, 2010Business, Fuel
Oil Slides Following DOE Report
Oil declined $1.50 to below $77 a barrel following a Department of Energy report that showed crude inventories rose by 2 million barrels last week, Bloomberg reported.
June 23, 2010Business
Fed Again Holds Interest Rate at Record Low
For the 13th straight time, the Federal Reserve voted Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
June 23, 2010Business, Safety, Government, Autonomous
CSA 2010 Needs Improvements, Trucking Exec Tells Congress
The federal government’s Comprehensive Safety Analysis 2010 is supported by the trucking industry but needs some changes, a trucking executive testifying for American Trucking Associations told a congressional panel Wednesday.
June 23, 2010