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DOT ‘TIGER’ Team to Coordinate Role in Recovery Plan

The Department of Transportation has created a team to coordinate its role in President Obama’s economic recovery program, to ensure that funding is made available quickly for transportation infrastructure projects and that project spending is monitored and transparent.

February 5, 2009

Interstate Bakeries Exits Chapter 11

Interstate Bakeries Corp. has emerged from bankruptcy after four years of operating under Chapter 11 protection, agreeing to a plan that gives financial control to New York investment firm Ripplewood Holdings and a group of the company’s lenders, news services reported.

February 4, 2009

Fourth-Quarter Productivity Rises 3.2%

Fourth-quarter U.S. worker productivity increased at a 3.2% annual rate, the Labor Department said Thursday.

February 5, 2009

Rail, Intermodal Traffic Fall for Week

Rail and intermodal traffic fell for the week ended Saturday from a year ago, the Association of American Railroads said.

February 6, 2009

Postal Services Reports $384 Million Loss

The U.S. Postal Service lost $384 million its first quarter, it said Wednesday.

February 5, 2009

ISM Services Index Improves, But Still Shows Contraction

The U.S. economy’s service sector contracted in January but at a lower rate than previously reported, the Institute for Supply Management said Tuesday.

February 4, 2009

Xata Reports Smaller 1Q Loss

Transportation software firm Xata Corp. said Wednesday it lost $716,000, or 8 cents a share, in its fiscal first quarter, compared with a loss of $1.1 million, or 14 cents, a year ago.

February 4, 2009

Ryder’s Fourth-Quarter Income Declines

Ryder System said Wednesday its fourth-quarter profit fell to $10.6 million, or 19 cents a share, from $71.9 million, or $1.24, a year ago.

February 4, 2009

ISM Manufacturing Index Contracts

Manufacturing in the U.S. contracted in January for the 12th straight month, the Institute for Supply Management said Monday.

February 2, 2009

Maryland Approves Truck Toll Increase

The Maryland Transportation Authority has approved increased truck tolls its seven toll facilities, the Associated Press reported.

February 3, 2009