Oil prices fell to near $75 a barrel Wednesday after earlier falling below $74 to the lowest intraday price since early July, Bloomberg reported.
August 18, 2010Search
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Leading Economic Indicators Gain 0.1%
An index of leading economic indicators increased 0.1% in July, the second increase in four months, the New York-based Conference Board said Thursday.
August 19, 2010Philadelphia Manufacturing Index Contracts
Manufacturing levels in the Philadelphia region showed contraction for the first time in a year, the Federal Reserve Bank of Philadelphia said Thursday.
August 19, 2010New Jobless Claims Hit Nine-Month High
Initial jobless claims filed last week hit the highest level since November, the Labor Department said Thursday.
August 19, 2010Ocean Shippers Report Higher Profits
Ocean shipper and port operator A.P. Moeller-Maersk and Dubai-based ports operator DP World reported higher profits and said they expect improvement to continue this year, the Wall Street Journal reported Wednesday.
August 18, 2010YRC Logistics Rebranded as MIQ Logistics
YRC Worldwide’s logistics unit, which the carrier sold to a private equity firm, has been rebranded MIQ Logistics, and the new entity Wednesday named Joey Carnes its chairman and chief executive officer.
August 18, 2010USA Truck Sets Rail Intermodal Container Service With BNSF
USA Truck has entered into a long-term agreement with BNSF Railway Co. to provide transport of private domestic intermodal containers.
August 18, 2010Fleets Receive New Options To Lease, Rent Chassis
The movement that is shifting chassis management responsibility to drayage carriers gathered more momentum this month, as a major lessor launched a plan aimed at fleets and the largest ocean carrier expanded a chassis rental program.
August 18, 2010Industrial Production Rises 1% in July
Industrial production rose 1% in July, boosted by higher factory output, the Federal Reserve said Tuesday.
August 17, 2010Echo Global Logistics’ 2Q Profit Increases
Echo Global Logistics said its second-quarter profit grew to $1.9 million, or 9 cents per share, compared with $692,000, or 3 cents, a year ago.
August 17, 2010