Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.
September 5, 2008Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Louisiana, Mississippi Get $4 Million for Emergency Repairs
The federal government will provide $4 million in emergency relief funds to Louisiana and Mississippi to help repair roads and bridges damaged by floods caused by Hurricane Gustav, U.S. Transportation Secretary Mary Peters said Friday.
September 5, 2008Rail, Intermodal Traffic Decline
Consumer Confidence Jumps on Lower Fuel Prices
U.S. consumer confidence this month rose by the most in four years in September, according to the Reuters/University of Michigans preliminary monthly consumer sentiment index, released Friday.
September 5, 2008August Unemployment Hits Five-Year High
U.S. payrolls plummeted in August as the unemployment rate soared to 6.1%, tying a 2003 record, the Labor Department said Friday.
September 5, 2008N.J. Turnpike Authority Calls for Toll Hikes
The New Jersey Turnpike Authority asked Gov. Jon Corzine (D) to approve a series of toll increases on two of the states major toll roads to pay for infrastructure improvements, the Associated Press reported.
September 5, 2008TTNews to Close Monday for Labor Day
Transport Topics Online will be closed Monday for the Labor Day holiday. Please check back on Tuesday, Sept. 8, for the latest trucking and freight transportation news.
September 4, 2008American Axle to Produce Commercial Truck Parts
American Axle & Manufacturing Holdings will expand a factory in Michigan to build more parts for large commercial trucks, reducing its reliance on General Motors Corp. for business, Bloomberg reported Thursday.
September 4, 2008ISM Services Index Shows Expansion in August
The U.S. economys service sector expanded in August following two straight months of contraction, the Institute for Supply Management said Thursday.
September 4, 2008Mass. Restricts Trucks on Part of Big Dig Project
The Massachusetts Turnpike Authority is placing a weight limit for trucks on the Leverett Connector in Boston, related to the citys $15 billion Big Dig construction project, the Associated Press reported.
September 4, 2008Second-Quarter Productivity Rises 4.3%
Second-quarter U.S. worker productivity rose at a 4.3% annual rate, more than previously estimated, the Labor Department said Thursday.
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