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Consumer Confidence Improves in January

U.S. consumer confidence improved this month, according to the Reuters/University of Michigan’s final monthly consumer sentiment index released Friday.

January 30, 2009

Spot Market Freight Rates Dive as Recession Slashes Demand

Rates for freight services bought on the spot market have nose dived to 1990s levels as shrinking fuel surcharges have sent prices falling further while the recession continues to ravage shipping demand.

February 2, 2009

December Truck Tonnage Plummets 14.1%

December truck tonnage plummeted 14.1% from year-earlier levels and 11.1% from November, the worst freight performance in more than a decade.

February 2, 2009

Exxon Mobil Sets New Earnings Record for a U.S. Company

Oil giant Exxon Mobil Corp. Friday reported a 2008 profit of $45.2 billion, breaking its own record for a U.S. company, although its fourth-quarter earnings fell 33% from a year ago, the Associated Press reported.

January 30, 2009

Velocity Express Reports 2Q Loss

Velocity Express Corp. reported it lost $9.1 million, or $3.36 a share, in its fiscal second quarter, compared with a loss of $8.9 million, or $3.82, a year earlier.

January 29, 2009

Paccar’s Fourth-Quarter Income Declines

Heavy-duty truck maker Paccar Inc.’s fourth-quarter profit fell to $113.1 million, or 31 cents per share, from $261.1 million, or 71 cents per share, a year ago.

January 30, 2009

Fourth-Quarter GDP Declines 3.8%

The U.S. economy contracted 3.8% in the fourth quarter, the biggest drop since 1982, though it grew for the year, the Commerce Department said Friday.

January 30, 2009

Saia’s 4Q Income Declines

Saia Inc. said Friday its fourth-quarter earnings fell to $1.4 million, or 10 cents a share, from $2 million, or 15 cents, a year ago.

January 30, 2009

NAFTA Surface Trade Falls 13.8% in November

Surface trade among the United States, Canada and Mexico fell 13.8% in November from a year earlier, the Department of Transportation said Thursday.

January 29, 2009

Rail, Intermodal Traffic Fall for Week

Rail and intermodal traffic fell for the week ended Jan. 24 from a year ago, the Association of American Railroads said.

January 29, 2009