Oil rose nearly $1 Friday to a one-year high over $78 a barrel, as U.S. industrial production improved more than forecast, Bloomberg reported.
October 16, 2009Government, Business, Safety
FedEx Expands Major Facilities in France, Mexico
FedEx Express said that it has completed expansion projects at its European hub at Paris-Charles de Gaulle Airport and a warehouse at Guadalajara International Airport in Jalisco, Mexico.
October 16, 2009Business, Safety, Government
DOT Freight Index Shows Second Straight Monthly Gain
The Department of Transportation’s freight transportation services index fell in August from a year ago but showed a second straight month-to-month improvement, DOT said Thursday.
October 16, 2009Business, Logistics, Government
Correction: Canadian Firm Bruce R. Smith Ltd. Is Restructuring
A story on TTNews.com Wednesday incorrectly stated that Canadian trucking firm Bruce R. Smith Ltd. was in “bankruptcy.â€
October 16, 2009Business, Safety
Intermodal Traffic Falls for Week
U.S. intermodal rail traffic fell 11% in the week ended Saturday compared with the same week last year, the Association of American Railroads said.
October 16, 2009Business, Government
Philadelphia Factory Index Expands in October
Manufacturing levels in the Philadelphia expanded at a slower pace in October than in September, the Federal Reserve Bank of Philadelphia said Thursday.
October 15, 2009Business, Government
New York Factory Index Jumps to Highest Level in 5 Years
Manufacturing activity in the New York region rose for a third straight month in October, reaching the highest level in more than five years, the Federal Reserve Bank of New York said Thursday.
October 15, 2009Business, Government, Logistics
YRC Units Announce Speedup In Service, Logistics Contract
YRC Worldwide Inc. said that its less-than-truckload unit has sped up cross-border trucking service and its logistics unit has been awarded a management contract in Peru.
October 15, 2009Business, Government, Logistics
YRC Units Announce Speedup In Service, Logistics Contract
YRC Worldwide Inc. said that its less-than-truckload unit has sped up cross-border trucking service and its logistics unit has been awarded a management contract in Peru.
October 15, 2009Business, Fuel
Oil Tops $75 a Barrel in 12-Month High
Oil held at more than $75 a barrel early Thursday, a one-year high, in advance of an Energy Department report on weekly inventories, Bloomberg reported.
October 15, 2009