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Editorial: Caution as Freight Volumes Decline
Click here to write a Letter to the Editor.Freight volumes have now fallen in three of the past four months, according to ATA’s Truck Tonnage Index, including a 3.3% dip in the recently released March numbers.
May 6, 2005TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
DOT's Transportation, Freight Indices Fall
Click here to write a Letter to the Editor.The Department of Transportation said Friday its transportation services index fell 1% February from the previous month.
May 6, 2005Intermodal Volume Jumps for Week, Month
Intermodal volume jumped 7.3% to 226,253 trailers or containers for the week ended April 30, the highest level ever for the first half of a year, the Association of American Railroads reported.
May 6, 2005First-Quarter Productivity Rises 2.6%
U.S. workers’ productivity grew at a 2.6% annual rate in the first quarter, the Labor Department reported Thursday.
May 5, 2005Goodyear Swings to First-Quarter Profit
Goodyear Tire & Rubber Co. said late Wednesday it earned $68 million or 35 cents a share for the first quarter, turning around a loss of $78 million or 45 cents a year earlier.
May 5, 2005Southern California Ports' Traffic to Grow, Report Says
Click here to write a Letter to the Editor. nternational trade through the Los Angeles region will grow by more than 14% this year to a record $302.1 billion, according to an economic study released Wednesday, the Associated Press reported.
May 5, 2005Expeditors International of Washington Reports Higher 1Q Profit
Logistics firm Expeditors International of Washington Inc. late Wednesday reported first-quarter net income of $37.7 million or 34 cents a share, up 19% from $31.8 million or 29 cents last year.
May 5, 2005Initial Jobless Claims Rise 11,000 in Latest Week
The number of U.S. workers filing for initial unemployment benefits rose by 11,000 in the week ended April 30, the second week of increases following three weeks of declines, the Labor Department said Thursday.
May 5, 2005Standard & Poor’s Cuts GM, Ford Credit Ratings
General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, had their credit ratings reduced to junk-bond status by Standard & Poor's.
May 5, 2005Court Backs CSX in Striking Down D.C.'s Hazmat Ban
A federal appeals court ruled Tuesday against the District of Columbia’s law banning rail transportation of hazardous materials in the nation’s capital.
May 4, 2005