Intermodal rail traffic fell 19.4% last week compared with the same week last year, the Association of American Railroads said.
May 21, 2009Search
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Philadelphia Factory Index Improves
Manufacturing levels in the Philadelphia region contracted this month at the slowest pace in eight months, the Federal Reserve Bank of Philadelphia said Thursday.
May 21, 2009Arcadia Capital Group to Buy 3PL Firm DLJ Express
Third-party logistics firm DLJ Express will be sold to investment company Arcadia Capital Group, the company that arranged the sale said.
May 21, 2009Oil Falls From Six-Month High to Below $61
Oil prices fell from a six-month high Thursday to below $61 a barrel following a Federal Reserve report said the U.S. economy may be slow in recovering, Bloomberg reported.
May 21, 2009Initial Jobless Claims Fall for Week
Initial jobless claims fell by 12,000 last week, while the number of people receiving continuing claims reached a new record high, the Labor Department said Thursday.
May 21, 2009Virginia Scales Back Plan To Close Rest Stops
The Virginia Department of Transportation said it will propose closing 19 of the state's 41 highway rest areas, scaling back its original proposal to close 25.
May 22, 2009U.S. May Reopen Roads to Mexican Trucks by June, LaHood Says
Transportation Secretary Ray LaHood said the United States could reopen its roads to Mexican trucks as soon as next month, Bloomberg reported.
May 21, 2009US 1 Reports First-Quarter Loss
Logistics firm US 1 Industries said it had a first quarter net loss of $979,000, or 7 cents a share, compared with a profit of $690,000, or 5 cents a share, a year earlier.
May 21, 2009SoCal Port Sets Funds for New Trucks, Retrofits
The Port of Long Beach, Calif., said it is making funds available to truckers who want to retrofit older trucks or buy new trucks.
May 20, 2009Memorial Day Driving to Increase, AAA Says
Reversing the recent trend of declining holiday travel, 1.5% more Americans will travel more than 50 miles from home during Memorial Day weekend than did last year, the motorist group AAA estimated.
May 20, 2009