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Letters: Wrongful Bonuses, Intermodal Traffic

Are they nuts? Is AIG truly nuts? While it’s very easy to jump on the bandwagon and be fashionable in our displeasure with AIG’s bonuses, if we simply moan without pausing to really explore what we are truly mad about and why, we will not do this issue justice.

April 20, 2009

Philadelphia 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, 2009

Continuing Jobless Claims Top 6 Million

Initial jobless claims fell last week, while continuing claims reached a record over 6 million, the Labor Department said Thursday.

April 16, 2009

Housing Stars Fall 10.8% in March

New housing starts fell 10.8% in March after rising in February, the Commerce Department said Thursday.

April 16, 2009

USA Truck Reports 1Q Loss

Truckload carrier USA Truck said Thursday it took a first-quarter loss of $1.88 million, or 18 cents per share, compared with a loss of $1.95 million, or 19 cents, a year ago.

April 16, 2009

Heartland Reports Flat 1Q Income

Heartland Express said its first-quarter profit was $14.1 million, or 15 cents a share, compared with $14.7 million, or 15 cents, a year ago.

April 16, 2009

Werner’s 1Q Income Drops

Truckload carrier Werner Enterprises said its first-quarter profit declined to $6.9 million, or 10 cents per share, from $8.4 million, or 12 cents, a year ago.

April 16, 2009

Peterbilt Temporarily Shuts Tenn. Truck Plant

Peterbilt Motors Co. temporarily closed its truck plant in Madison, Tenn., which had been idled for 10 months due to a work stoppage over stalled union contract negotiations, the Associated Press reported.

April 15, 2009

Industrial Production Declines 1.5%

Industrial production fell 1.5% in March, marking the fifth straight monthly downturn, the Federal Reserve said Wednesday.

April 15, 2009

Consumer 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, 2009