Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.
August 22, 2008Business, Safety
Rail, Intermodal Traffic Decline for Week
Government, Business
Oil Climbs More Than $5 to Top $121 a Barrel
Oil rose more than $5 Thursday to close at $121.18 a barrel, based on renewed tensions between the United States and Russia and a slip in the U.S. dollar, the Associated Press reported.
August 21, 2008Government, Business
Teamsters Set Deal With Interstate Bakeries’ Creditors
The Teamsters union said it negotiated a deal between investor Ripplewood Holdings and Interstate Bakeries Corp.’s creditors to save the company from liquidation and protect union jobs.
August 21, 2008Business, Government
Leading Economic Indicators Fall 0.7%
An index of leading economic indicators fell 0.7% in July, the New York-based Conference Board said Thursday.
August 21, 2008Business, Government
Philadelphia Manufacturing Index Shows Continued Contraction
Manufacturing levels in the Philadelphia region improved, but continued to show contraction in August, the Federal Reserve Bank of Philadelphia said Thursday.
August 21, 2008Business, Logistics
Hazmats Must Bypass Denver During Democratic Convention
Truckers running hazardous materials will have to bypass the Denver area during the Democratic National Convention later this month, according to police officials.
August 21, 2008Business
Kentucky Trucking Firm Closes Doors
Louisville, Ky., trucking company C.W. Johnson Xpress said this week it was closing its doors due to high costs, the Louisville-Courier Journal reported.
August 21, 2008Business
Jobless Claims Fall 13,000 for Week
Initial jobless claims fell by 13,000 last week to 432,000, the Labor Department said Thursday.
August 21, 2008Business
Navistar Drops Bid for GM’s Medium-Duty Truck Business
Navistar International Corp. said Wednesday it will not go through with its planned purchase of General Motors Corp.’s medium-duty truck business, citing “significant marketplace and economic changes.â€
August 20, 2008Business, Fuel, Government, Safety
Ohio Panel Holds Hearing on DHL-UPS Air Deal
About 200 people packed a legislative meeting in Ohio Tuesday to hear testimony on the potential impact of DHL’s plans to switch its domestic air cargo to UPS Inc., the Associated Press reported.
August 20, 2008