U.S. intermodal rail traffic rose 0.5% last week compared with the same week last year, the Association of American Railroads said.
February 19, 2010BusinessFuel
Oil Rises to Five-Week High
Crude oil rose Thursday to its highest level since Jan. 14, Bloomberg reported.
February 18, 2010BusinessSafetyGovernment
DOT Freight Index Falls in December
The Department of Transportation’s freight transportation services index for December fell 4.1% from a year earlier but did not change from November, DOT said Thursday.
February 18, 2010Business
Commercial Vehicle Group Narrows 4Q Loss
Parts maker Commercial Vehicle Group announced it lost $23.7 million, or $1.08 per share, in the fourth quarter, compared with $207.7 million, or $9.57 cents, the previous year.
February 18, 2010BusinessGovernment
Philadelphia Factory Index Grows
Manufacturing levels in the Philadelphia expanded in February at a highest pace in more than five years, the Federal Reserve Bank of Philadelphia said Thursday.
February 18, 2010BusinessGovernment
Leading Economic Indicators Gain 0.3%
An index of leading economic indicators improved for a tenth straight month in January, the New York-based Conference Board said Thursday.
February 18, 2010BusinessAutonomous
Daimler Loses $478 Mln. in 4Q
Daimler AG said Thursday that it lost $478 million (352 million euros) in the fourth quarter and that it plans to cancel its annual dividend, Bloomberg reported.
February 18, 2010Business
Jobless Claims Climb for Week
Initial jobless claims grew by 31,000 last week, the Labor Department said Thursday.
February 18, 2010BusinessAutonomous
MAN Loses 472 Mln. Euros in 4Q
Poor demand from the economic downturn caused German truck maker MAN SE to lose 472 million euros ($645 million) in the fourth quarter, compared with a profit of 177 million euros ($242 million) a year earlier, Bloomberg reported.
February 17, 2010BusinessEquipmentAutonomous
ArvinMeritor Reiterates 2Q Outlook
Truck components maker ArvinMeritor Inc. said Wednesday that its fiscal first quarter earnings and revenues will be flat compared with the first quarter.
February 17, 2010