Rail intermodal traffic rose 1.4% for the week ended Saturday compared with a year ago, the Association of American Railroads said.
March 21, 2008Business, Government, Equipment
Michelin to Link Tire Prices to Cost of Oil
Michelin & Cie., the world’s second-biggest tire maker, said it will link the prices of car tires to the cost of oil, Bloomberg reported Friday.
March 21, 2008Business, Safety
Intermodal Traffic Rises for Week
Business, Government
Philadelphia Index Shows Fourth Straight Month of Contraction
Manufacturing levels in the Philadelphia region showed contraction for a fourth consecutive month in March, the Federal Reserve Bank of Philadelphia said.
March 21, 2008Government, Business
Midwest Floods May Last Through Weekend
Widespread flooding primarily in the Midwest threatened to worsen Friday, with many rivers rising past their banks for more than a day, the Associated Press reported.
March 21, 2008Business, Government
Minn. Closes Bridge Near Site of I-35W Collapse
State officials closed a bridge over the Mississippi River northwest of the Twin Cities area in Minnesota because of problems found in the same kind of steel plates that may have played a key role in last summer’s bridge collapse in Minneapolis, the Associated Press reported Friday.
March 21, 2008Business, Safety, Fuel
ATA Asks for Oil Release from Strategic Petroleum Reserve
American Trucking Associations asked President Bush in a letter this week to help “burst the bubble in the crude oil market” by releasing oil from the Strategic Petroleum Reserve.
March 21, 2008Business, Government, Fuel
Oil Dips Below $100; Has Lowest Closing Price in Two Weeks
Crude oil fell below $100 a barrel in Thursday before rising back to close the trading day above $101, the lowest closing price in more than two weeks, Bloomberg reported.
March 20, 2008Business
FedEx’s 3Q Earnings Fall 6%
FedEx Corp. said Thursday its fiscal third-quarter profit fell 6% to $393 million, or $1.26 a share, from $420 million, or $1.35 a share, a year earlier.
March 20, 2008Government, Business
Leading Economic Indicators Decline for Fifth Month
An index of leading economic indicators fell 0.3% in February, the New York-based Conference Board said Thursday.
March 20, 2008Government, Business
YRC Chief Says 1Q Earnings May Fall
YRC Worldwide Chief Executive Officer Bill Zollars said the company’s first-quarter earnings will likely be lower than expected, the Associated Press reported.
March 20, 2008