U.S. intermodal rail traffic in the United States fell 16.2% last week from the same week a year ago, the Association of American Railroads said in its weekly report.
August 28, 2009BusinessGovernment
Personal Spending Rises 0.2% in July
Consumer personal spending rose 0.2% July, as buyers took advantage of the government’s “cash for clunkers” program to trade in old cars for new ones, the Commerce Department said Friday.
August 28, 2009Business
Trailer Bridge Appoints New CEO
Trucking and intermodal firm Trailer Bridge Inc. said Thursday it has appointed Ivy Barton Suter its new chief executive officer, effective immediately.
August 27, 2009BusinessSafety
Truck Tonnage Decline Slows in July
U.S. truck tonnage fell 10.4% in July from the same month last year, the best year-to-year showing since February, American Trucking Associations said.
August 27, 2009BusinessSafety
Volvo’s July North American Truck Deliveries Drop 46%
Volvo AB’s North American truck deliveries fell 46% in July from a year ago, Bloomberg reported Thursday.
August 27, 2009Business
World Trade Showed 2.5% Upturn in June
World trade rose 2.5% in June from May, suggesting that global trade sluggishness could be bottoming out, the Wall Street Journal reported Thursday.
August 27, 2009BusinessGovernment
GDP Decline Shows 1% Second-Quarter Drop
The U.S. economy contracted at an annual rate of 1% in the second quarter, matching an earlier estimate, the Commerce Department said Thursday.
August 27, 2009Business
Initial Jobless Claims Decline for Week
Initial jobless claims fell by 10,000 last week from the previous week, the Labor Department said Thursday.
August 27, 2009GovernmentBusiness
YRC Names Chief Strategy Officer
YRC Worldwide said its board has elected Richard Williamson to be the company’s first chief strategy officer to “coordinate and oversee” the less-than-truckload carrier’s recovery process.
August 27, 2009Business
Oil Falls Below $72 in Second Straight Drop
Oil fell for a second day Wednesday as the dollar strengthened, dropping to below $72 a barrel, Bloomberg reported.
August 26, 2009