Oil closed below $80 a barrel for a second straight day Thursday, continuing a downward trend this week following reports showing lower retail sales in December and higher jobless claims last week, Bloomberg reported.
January 14, 2010Search
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Jobless Claims Rise 11,000 for Week
Initial jobless claims rose by 11,000 last week, the Labor Department said Thursday.
January 14, 2010Oil Slips Below $80 a Barrel
Oil fell to below $80 a barrel for the first time this month in early trading Wednesday as analysts said U.S. supplies were likely improving, Bloomberg reported.
January 13, 2010Transport Activity Improving Slightly, Fed Says
The U.S. economy continued to improve modestly from mid-November to early January and conditions have improved for transportation, but economic activity remained low, the Federal Reserve said Wednesday.
January 13, 2010Cat Lift Trucks Adds Products For 2010
Cat Lift Trucks said that it has added five new electric counterbalanced and internal combustion pneumatic lift truck families to its current product lineup in the United States, Canada and Mexico.
January 13, 2010South Korean Firm to Supply Eaton With Battery Packs
South Korean chemicals producer LG Chem Ltd. agreed to supply lithium-ion battery packs to Eaton Corp., the U.S. maker of commercial vehicle parts, Bloomberg reported.
January 13, 2010ThermaFreeze Offers New Refrigerant
ThermaFreeze Products Corp., maker of patented dry gel refrigerant products for use in preserving food and other perishables, including in commercial transport, said it has begun distributing its products to major retailers.
January 13, 2010Navistar Picks New Vendor to Transport Vehicles
Navistar Inc. has shifted the vehicle delivery contract for its Springfield, Ohio, plant to Truck Movers.com after a contract with Auto Truck Transport, another haulaway carrier, expired, a Navistar spokesman said.
January 13, 2010DOT Freight Index Slips in November
The Department of Transportation’s freight transportation services index for November fell 6.8% from a year ago but showed a slight increase from October.
January 13, 2010Calif. Sees No Major Infrastructure Damage from Quake
A powerful earthquake off the shore of Northern California over the weekend caused no significant damage to the state’s transportation infrastructure, the Associated Press reported.
January 12, 2010