Surface trade among the United States, Canada and Mexico was 5.3% higher in April than a year earlier, the biggest year-to-year increase since August 2006, the Department of Transportation said.
June 29, 2007BusinessFuelGovernment
Estes Revamps, Renames Air Forwarding Unit
Estes Express Lines said Friday that its Estes Air division will be reorganized as Estes Air Forwarding LLC, effective Sunday, July 1.
June 29, 2007GovernmentBusiness
Construction Spending Gains 0.9%
Construction spending rose 0.9% in May, the fourth straight monthly increase and the biggest rise in almost a year and a half, the Commerce Department said Friday.
June 29, 2007BusinessGovernment
Consumer Sentiment Dips in June
U.S. consumer confidence fell in June to a 10-month low the previous month, according to the University of Michigan’s monthly consumer sentiment index released Friday.
June 29, 2007BusinessLogisticsGovernment
Chicago Manufacturing Index Dips in June
Manufacturing activity in the Chicago declined but held near a two-year high this month, the National Association of Purchasing Management said Friday.
June 29, 2007GovernmentBusiness
Personal Spending Rises 0.5%
Consumer personal spending rose 0.5% in May, the Commerce Department said Friday.
June 29, 2007FuelBusiness
Oil Tops $70 a Barrel
Oil futures moved briefly past $70 a barrel on Thursday for the first time since September before receding, after an Energy Department report showed that gasoline and distillate fuel inventories declined last week, Bloomberg reported.
June 28, 2007Business
GM to Sell Allison Transmission Unit
General Motors Corp. said Thursday it will sell its Allison Transmission commercial and military business to two private firms for $5.6 billion.
June 28, 2007Business
Fed Again Holds Interest Rate at 5.25%
For the eight straight time, the Federal Reserve on Thursday voted to keep the benchmark U.S. interest rate at 5.25%.
June 28, 2007BusinessFuelGovernmentLogisticsSafety
DHL Buys Stake in Polar Air
Package delivery firm DHL said Thursday it acquired a 49% stake Polar Air Cargo Express, a unit of Atlas Air Worldwide Holdings, to expand its business in the Asia-Pacific region.
June 28, 2007