The U.S. trade deficit shrank 11% in June, the Commerce Department said Thursday.
August 9, 2012GovernmentBusiness
L.A. Container Shipping Grows
Container shipping at the Port of Los Angeles grew by 8.75% in June, faster than the first-half average, the port authority said Wednesday.
August 9, 2012BusinessLogistics
Cardinal Logistics Sold to Centerbridge
Third party logistics company, Cardinal Logistics Management Inc., has been sold to New York private equity firm Centerbridge Partners LP.
August 9, 2012Business
Initial Jobless Claims Drop
Initial jobless claims dropped by 6,000 last week, the Labor Department said Thursday.
August 9, 2012Business
Celadon to Buy Assets from Texas Carrier
Celadon Trucking Services said it has agreed to purchase select operating equipment from truckload carrier USA Dry Van Logistics, based in McAllen, Texas.
August 8, 2012Business
DOT Freight Transportation Index Rises 1.6%
The Department of Transportation’s freight transportation services index rose 1.6% in June from the same month last year, DOT said Wednesday.
August 8, 2012Business
Feds Waive HOS Rules in Drought-Stricken Areas
The Department of Transportation has waived hours-of-service regulations for areas affected by drought, to help put more needed trucks and drivers on the road to help affected farmers and ranchers.
August 8, 2012Business
2Q Productivity Increases
U.S. workers’ second-quarter productivity rose 1.6%, the Labor Department said Wednesday.
August 8, 2012BusinessFuel
DOE Boosts Diesel Forecast by a Nickel
Diesel will average $3.84 this year, led by higher oil prices, the Department of Energy said, boosting its most recent forecast by a nickel.
August 8, 2012Business
EPA Forwards Rule Affecting Navistar Engines to OMB
The final rule that would allow Navistar International Corp. to sell its emissions-noncompliant 2010 engines while paying fines has been forwarded to the Office of Management and Budget by the Environmental Protection Agency.
August 7, 2012