Oil fell below $87 a barrel Thursday, capping its biggest monthly decline in more than three years following a Department of Energy report that showed crude supplies rose to a 22-year high, Bloomberg reported.
May 31, 2012BusinessLogistics
Intermodal Traffic Rises 4.3% for Week
U.S. intermodal traffic rose 4.3% for the week ended Saturday from a year ago, the Association of American Railroads said.
June 1, 2012BusinessLogistics
Canadian Pacific Resumes Operations as Strike Ends
Canadian Pacific Railway resumed operations Friday morning after a week-long strike, Reuters reported.
June 1, 2012Business
Unemployment Rate Rises to 8.2%; Trucking Gains Jobs
The U.S. unemployment rate rose to 8.2% in May from April鈥檚 three-year-low 8.1%, but trucking and transportation employment improved, the Labor Department said Friday.
June 1, 2012Business
Construction Spending Rises 0.3%
Construction spending rose in April for a second straight month, the Commerce Department said Friday.
June 1, 2012Business
ISM Manufacturing Index Slips in May
U.S. manufacturing activity slowed in May but showed continued expansion, the Institute for Supply Management said Friday.
June 1, 2012Business
O&S Trucking Files for Bankruptcy
O&S Trucking, Springfield, Mo., has filed for Chapter 11 bankruptcy protection, the Springfield News-Leader reported Thursday.
June 1, 2012Business
Personal Spending Rises in April
Consumer personal spending rose 0.3% in April as incomes increased, the Commerce Department said Friday.
June 1, 2012Business
ATA Tells Congress Security Efforts Must Be Risk-Based
Efforts to protect the nation鈥檚 transportation system from terrorist attack should promote information sharing between the public and private sectors and focus on areas most at risk, a trucking executive told a Congressional panel.
June 1, 2012BusinessLogistics
Radiant Logistics Opens Center in Charlotte
Radiant Logistics Inc. has opened a new location in Charlotte, N.C., for its Distribution by Air network.
June 1, 2012