U.S. intermodal rail traffic dropped 3.6% in the week ended Saturday compared with the same week last year, the Association of American Railroads said.
January 15, 2010Business, Government
New York Manufacturing Index Improves
Manufacturing activity in the New York region improved this month, the Federal Reserve Bank of New York said Friday.
January 15, 2010Business, Safety
Intermodal Traffic Drops for Week
Business, Government, Safety, Logistics
Letters: Size & Weight, Carrier Rates
In the “Letters & Comments” section of your Jan. 4 issue, BNSF Railway Group Vice President Stephen Branscum sought to clarify a comment from a recent conference, published in a story in Transport Topics. In his letter, he cited as accurate “BNSF’s willingness to work with shippers and American Trucking Associations to develop progressive.
January 15, 2010Business, Fuel, Government, Safety
FedEx Expands Air Fleet in China
FedEx Corp. is expanding its air fleet in China because that country will lead a global rebound in air cargo traffic, Bloomberg reported.
January 14, 2010Business
Oil Holds Under $80 a Barrel
Oil closed below $80 a barrel for a second straight day Thursday, continuing a downward trend this week following reports showing lower retail sales in December and higher jobless claims last week, Bloomberg reported.
January 14, 2010Business, Logistics
RoadLink Names New President
Intermodal logistics company RoadLink has named Michael Shelton as its new president, the company said Thursday.
January 14, 2010Business, Government
Retail Sales Slip 0.3% in December
Retail sales fell 0.3% in December, though November’s sales were revised upward, the Commerce Department said Thursday.
January 14, 2010Business, Government
Business Inventories Rise 0.4%
Business inventories rose in November, the second consecutive increase, the Commerce Department said Thursday.
January 14, 2010Business, Government
Import Prices Unchanged in December
The price of goods imported to the United States did not change between November and December after four months of increases, the Labor Department said Thursday.
January 14, 2010Business
Jobless Claims Rise 11,000 for Week
Initial jobless claims rose by 11,000 last week, the Labor Department said Thursday.
January 14, 2010