Surface trade among the United States, Canada and Mexico jumped 10.5% higher in July from a year earlier, though truck trade declined, the Department of Transportation said Thursday.
September 27, 2007Search
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CN Buys Midwest Rail Line
Canadian National Railway Co. has agreed to buy most of the Elgin, Joliet & Eastern Railway Co. from U.S. Steel Corp. for $300 million to add capacity and bypass Chicago-area congestion, Bloomberg reported.
September 27, 2007Jobless Claims Fall to Four-Month Low
Initial jobless claims fell to a four-month low last week, the Labor Department said Thursday.
September 27, 2007Oil Rises Past $81 a Barrel
Two days after closing at below $80 for the first time in more than a week, oil futures crept past $81 a barrel on concerns a tropical depression could affect Gulf of Mexico oil production, Bloomberg reported.
September 27, 2007Second-Quarter GDP Rate Grew by 3.8%
The economy expanded at a 3.8% annual rate in the second quarter, more than the first quarter but less than a previous second-quarter estimate, the Commerce Department said Thursday.
September 27, 2007FMCSA to Track Mexican Trucks
The Federal Motor Carrier Safety Administration said Thursday it would be tracking Mexican trucks participating in a cross-border trucking program with satellite technology.
September 28, 2007Oakland Port May See Backlog
The Port of Oakland could see a backlog of up to a week following the death of a dockworker killed on the job, news reports said Wednesday.
September 26, 2007U.S. Xpress Neutral on Buyout Offer
U.S. Xpress Enterprises said Wednesday today that its board is expressing no opinion and is remaining neutral about an acquisition offer to take the truckload carrier private for $20.10 a share.
September 26, 2007Durable Orders Drop by Most in 7 Months
Durable goods orders in August saw their biggest drop in seven months, the Commerce Department said Wednesday.
September 26, 2007GM, UAW Reach Accord to End Strike
The United Auto Workers and General Motors Corp. reached a tentative contract early Wednesday to end the unions two-day national strike, the Associated Press reported.
September 26, 2007