The Southern California Ports of Los Angeles and Long Beach are losing business to other West Coast ports, even as the Port of Long Beach approved a $750 million expansion, news services reported.
April 14, 2009Search
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Most Sterling Dealers Signed Settlement Deals with Daimler Trucks, ATD Board Member Says
Most of the 300 Sterling Trucks dealers in the United States and Canada accepted settlement offers from Daimler Trucks North America after DTNA announced it would shut the brand down, the Sterling board member of the American Truck Dealers said April 9.
April 20, 2009Calif. Ports’ Dominance Wanes as Shippers Seek Alternatives
Rising costs for container fees, administrative expenses and environmental requirements in the midst of an economic downturn are causing shippers, importers and retailers to consider alternatives to the ports of Los Angeles and Long Beach for shipping their goods, according to trade association officials.
April 20, 2009Philadelphia Factory Index Improves, but Still Shows Contraction
Manufacturing levels in the Philadelphia region continued to contract this month, the Federal Reserve Bank of Philadelphia said Thursday.
April 16, 2009Consumer Price Index Dips 0.1%
The consumer price index fell 0.1% in March and declined over the past year for the first time in 54 years, the Labor Department said Wednesday.
April 15, 2009New York Manufacturing Index Improves
Manufacturing activity in the New York region improved this month, the Federal Reserve Bank of New York said Wednesday.
April 15, 2009Economy Continues to Contract, Fed Says
The U.S. economy continued to decline from the end of February through the beginning of April, affecting transportation industry services and demand, the Federal Reserve said Wednesday.
April 15, 2009Business Inventories Fall 1.3% in February
Business inventories fell 1.3% in February, the sixth consecutive decline, the Commerce Department said Tuesday.
April 14, 2009March Retail Sales Drop 1.1%
Retail sales fell 1.1% in March, the Commerce Department said Tuesday.
April 14, 2009Diesel Price Projected to Rise, DOE Says
Diesel fuel will average $2.23 a gallon this quarter and rise to $2.31 in the third quarter, the Energy Department said.
April 14, 2009