Rail freight improved but intermodal traffic declined last week compared with a year ago, the Association of American Railroads said Thursday.
July 17, 2008Business, Logistics
Sterling to Cut Shift, Lay Off 720 Workers at Ontario Plant
Sterling Trucks plans to eliminate one of two shifts and lay off 720 workers in Ontario in November, the Canadian Press reported Thursday.
July 18, 2008Business, Safety
Intermodal Traffic Falls for Week
Business, Technology, Equipment, Safety
Landstar’s 2Q Profit, Revenue Rise
Truckload carrier Landstar System said late Wednesday its second-quarter profit rose slightly, while revenue jumped 10%.
July 17, 2008Business
USA Truck’s 2Q Earnings Improve
Truckload carrier USA Truck’s second-quarter profit rose to $2.1 million, or 21 cents per share, from $1.6 million, or 15 cents, a year ago.
July 17, 2008Business, Government
Philadelphia Manufacturing Index Declines
Manufacturing levels in the Philadelphia region showed contraction in July for the eighth straight month, the Federal Reserve Bank of Philadelphia said Thursday.
July 17, 2008Government, Business
Housing Starts Jump 9.1%; Single-Family ºÚÁϳԹÏÍø Starts Lag
New housing starts surged in June led by more multifamily construction, but single-family home starts fell, the Commerce Department said Thursday.
July 17, 2008Government, Business, Safety, Logistics
NHTSA Chief Nicole Nason to Step Down in August
Nicole Nason, administrator of the National Highway Traffic Safety Administration, told Transportation Secretary Mary Peters she plans to leave the agency in August, the Associated Press reported.
July 17, 2008Business
Jobless Claims Increase for Week by 18,000
Initial jobless claims fell by 18,000 last week, the Labor Department said Thursday.
July 17, 2008Business
VW Gains Final Approval for Scania Deal
Volkswagen AG said Thursday it has received final approval to gain a majority stake in Swedish truck maker Scania AB, which it plans to do next week, the Associated Press reported.
July 17, 2008Business
ODFL Boosts 2Q, Full-Year Earnings Outlook
Old Dominion Freight Line on Wednesday raised its second-quarter and full-year earnings outlook, citing improved tonnage.
July 16, 2008