Intermodal rail traffic in the United States fell 18.4% last week compared with the same week last year, the Association of American Railroads said.
August 21, 2009BusinessLogistics
Existing ºÚÁϳԹÏÍø Sales Hit Two-Year High
Existing homes sales jumped to a two-year high in July, the National Association of Realtors said Thursday.
August 21, 2009BusinessFuelGovernment
Oil Prices Hit Year’s High
Oil prices reached their highest level this year Friday as rising equity markets fueled speculation that the world economy is improving, Bloomberg reported.
August 21, 2009BusinessSafetyGovernment
Obama to Nominate PHMSA Administrator
President Obama will nominate Cynthia Quarterman to oversee the Pipeline and Hazardous Materials Safety Administration within the Department of Transportation, the White House said.
August 20, 2009BusinessSafetyGovernmentLogistics
Pacer Completes Heavy-Haul Unit Sale
Transportation and third-party logistics firm Pacer International said Thursday it has completed the sale of its specialized heavy-haul trucking operation to subsidiaries of Universal Truckload Services.
August 20, 2009BusinessGovernment
Leading Economic Indicators Rise 0.6%
An index of leading economic indicators rose 0.6% in July, the fourth consecutive increase, the New York-based Conference Board said Thursday.
August 20, 2009BusinessGovernment
Navistar, Caterpillar Set China Truck Venture
Navistar International Corp. and Caterpillar Inc. are in discussions with a Chinese firm to set up a truck- and engine-making venture in China, Bloomberg reported Thursday, citing a Chinese newspaper report.
August 20, 2009BusinessGovernment
Philadelphia Manufacturing Index Improves
Manufacturing levels in the Philadelphia expanded in August for the first time in almost a year, the Federal Reserve Bank of Philadelphia said Thursday.
August 20, 2009Business
Jobless Claims Rise for Week
Initial jobless claims rose to 576,000 last week, the Labor Department said Thursday.
August 20, 2009BusinessFuel
Crude Tops $72 a Barrel
Oil rose to near a two-month high of more than $72 a barrel early Thursday, a day after jumping more than $3, Bloomberg reported.
August 20, 2009