Rail and intermodal traffic declined last week compared with the same week a year ago, the Association of American Railroads said.
October 31, 2008Government, Business
Personal Spending Falls in September
Consumer personal spending dropped 0.3% in September, the biggest drop in four years, the Commerce Department said Friday.
October 31, 2008Business, Safety
Intermodal Traffic Declines for Week
Government, Business, Safety, Logistics
NTSB Adds EOBRs to ‘Most Wanted’ List
The National Transportation Safety Board has added mandatory use of electronic onboard recorders to its annual list of “most wanted” safety reforms.
October 31, 2008Business, Safety, Government
NAFTA Surface Trade Rises 4.5%
Surface trade among the United States, Canada and Mexico rose 4.5% in August from the same month last year, though both truck and rail imports declined, the Department of Transportation said Thursday.
October 30, 2008Government, Business, Safety, Fuel, Logistics
Maritime Commission to Challenge SoCal Ports’ Trucks Program
The Federal Maritime Commission voted to seek a court order to stop parts of the southern California ports of Los Angeles and Long Beach’s clean trucks program, the Associated Press reported.
October 30, 2008Business
Exxon Mobil Posts Largest Quarterly Profit on Record
Exxon Mobil Corp. broke its own record for the largest quarterly profit by a U.S. company Thursday, reporting its third-quarter net income jumped 58% to $14.8 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier.
October 30, 2008Business
Wright Express’ 3Q Earnings Rise
Wright Express Corp. earned $72.3 million, or $1.82 a share, in the third quarter, up from $22.3 million, or 55 cents, the previous year.
October 30, 2008Business
Ritchie Bros. Reports Drop in 3Q Income
Ritchie Bros. Auctioneers said it earned $11.9 million, or 11 cents per share, in the third quarter, down from $14.9 million, or 14 cents, a year ago.
October 30, 2008Business
Jobless Claims Unchanged for Week
Initial jobless claims were unchanged last week from the previous week, the Labor Department said Thursday.
October 30, 2008Business, Safety, Government
YRC May Cut Up to 3,750 Positions
YRC Worldwide may cut up to several thousand positions in a cost-reduction move that is part of a stepped-up plan to integrate its Roadway and Yellow Transportation units.
October 29, 2008