The National Retail Federation called on both sides involved in labor talks at ports on the East Coast and Gulf Coast to reach an agreement without a work stoppage, which would force diversions and delays of cargo.
July 17, 2012GovernmentBusinessEquipment
Senate Nixes Bonus Depreciation Bill
The Senate has rejected a bill that would have brought back the bonus depreciation tax deduction for capital spending, a proposal backed by American Trucking Associations.
July 17, 2012BusinessFuel
Diesel Rises 1.2垄 to $3.695; Gasoline Gains for Second Week
Diesel rose for the second week in a row, rising 1.2 cents to $3.695 a gallon while gasoline also increased, the Department of Energy said.
July 17, 2012Business
J.B. Hunt鈥檚 2Q Income Improves
J.B. Hunt Transport Services said its second-quarter net income rose from a year ago as operating income at three of its four business segments each rose more than 20%.
July 17, 2012GovernmentBusinessLogistics
Kansas City Southern鈥檚 2Q Profit Improves
Kansas City Southern鈥檚 second-quarter earnings rose to $120 million, or $1.09 a share, from $71 million, or 64 cents, a year ago.
July 17, 2012Business
Industrial Production Rises in June
Industrial production increased 0.4% in June, the Federal Reserve said Tuesday.
July 17, 2012BusinessGovernment
Consumer Price Index Unchanged in June
The consumer price index was unchanged in June following a 0.3% drop in May, the biggest decline since December 2008, the Labor Department said Tuesday.
July 17, 2012GovernmentBusiness
OOIDA Sues FMCSA Over Driver Database
The Owner-Operator Independent Drivers Association said Monday it has filed suit against the Federal Motor Carrier Safety Administration regarding聽FMCSA鈥檚聽pre-employment screening program and appeal process.
July 17, 2012Business
UPS Extends TNT Deal Closure Date to 4Q
UPS Inc. said it expects its $6.3 billion acquisition of TNT Express NV will close in the fourth quarter, from an earlier projected Aug. 31 date, due to more time for review by European regulators.
July 16, 2012BusinessGovernment
New York Manufacturing Index Rises
Manufacturing activity in the New York region expanded in July, the Federal Reserve Bank of New York said Monday.
July 16, 2012