A new freight rail line, Michigan Central Railway, will start freight rail service in Michigan and Indiana next year, the company said Thursday.
July 12, 2007BusinessGovernment
July Consumer Sentiment Index Rises
U.S. consumer confidence rose this month to the highest level since October, according to the University of Michigan’s monthly consumer sentiment index released Friday.
July 13, 2007BusinessGovernment
Business Inventories, Sales Gain
U.S. business inventories rose 0.5% in May as sales rose, the Commerce Department said Friday.
July 13, 2007BusinessGovernment
June Retail Sales Fall 0.9%
Retail sales fell 0.9% in June, the Commerce Department said Friday.
July 13, 2007FuelBusinessGovernment
Import Prices Rise 1% in June
The price of goods imported to the United States rose for a fifth straight month in June, on higher fuel costs, the Labor Department reported Friday.
July 13, 2007GovernmentBusinessSafetyFuelLogistics
Standards Group Fails to Pass ‘Hot Fuel’ Reform
A measure that would have set standards for “hot fuel” fell just short of passage at a meeting of the National Conference on Weights and Measures, the Kansas City Star reported.
July 12, 2007BusinessGovernmentFuel
Florida Sets Plan to Limit Emissions
Florida Gov. Charlie Crist (R) said is set to sign an order that would match California’s standards for greenhouse gas emissions from automobiles, the Washington Post reported Thursday.
July 12, 2007BusinessFuelSafetyGovernment
U.S., China Sign Air Pact
The United States and China have signed an aviation agreement that will significantly increase passenger and cargo flights between the two countries, the Department of Transportation said.
July 12, 2007GovernmentBusinessEquipment
Cummins Boosts Dividend
Diesel engine maker Cummins Inc. said its board agreed to raise the company’s quarterly cash dividend by 25 cents per share, from 18 cents per share, a 39% increase.
July 11, 2007GovernmentBusinessSafety
Trucking Firms Working to Keep Drivers Healthy
Trucking firms are taking more measures to help the health of drivers, helping to boost both drivers’ welfare and their own bottom lines, the Associated Press reported.
July 11, 2007