Intermodal rail traffic in the United States fell 16.6% last week compared with the same week last year, the Association of American Railroads said.
August 14, 2009Business
Industrial Production Rises for First Time in Nine Months
Industrial production rose in July for the first time in nine months, the Federal Reserve said Friday.
August 14, 2009BusinessGovernment
Consumer Confidence Declines
U.S. consumer confidence fell this month for the second straight month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
August 14, 2009BusinessGovernment
Consumer Price Index Unchanged in July
The consumer price index was unchanged in July, the Labor Department said Friday.
August 14, 2009BusinessGovernment
Second Man Sentenced in Load-Board Fraud
A Los Angeles man has been sentenced to serve more than four years in federal prison and pay $2.7 million in restitution to 300 trucker and broker victims for his part in an Internet load-board scheme that included hacking into the Federal Motor Carrier Safety Administration’s Web site.
August 14, 2009BusinessGovernment
Oil Drops $3 to Close Week Below $68 a Barrel
Oil prices fell more than $3 Friday to below $68 a barrel, a two-week low, following a report that showed consumer confidence fell this month, Bloomberg reported.
August 14, 2009BusinessSafetyGovernment
Trimac Reports Lower 2Q Income
Canada-based transportation firm Trimac Income Fund earned C$1.1 million, or 3 cents per unit, in the second quarter, compared with C$2.6 million, or 9 cents, a year ago,
August 13, 2009Business
Trailer Bridge’s Returns to Profit in 2Q
Trailer Bridge Inc. said its second-quarter profit grew to $0.7 million, or 5 cents per share, in the second quarter, from a loss of $0.3 million, or 3 cents, the previous year.
August 13, 2009BusinessGovernment
Business Inventories Decline in June
Business inventories fell 1.1% in June, marking the 10th consecutive decline, though sales rose, the Commerce Department said Thursday.
August 13, 2009BusinessEquipment
Accuride Reports 2Q Loss on Soft Demand
Commercial vehicle component maker Accuride Corp. said it lost $36.1 million, or $1 per share, in the second quarter, compared with a profit of $3.4 million, or 10 cents, a year ago.
August 13, 2009