The Mexican government plans to expand its list of U.S. goods targeted for higher tariffs, as part of its retaliation for the U.S. government’s refusal to reopen the border to long-haul cross-border trucking.
August 17, 2010Business
Ocean 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, 2010Business
Oshkosh Names New President of Commercial Truck Segment
Specialty truck maker Oshkosh Corp. Tuesday named Frank Nerenhausen to head its commercial segment, effective next week.
August 17, 2010Business
Wal-Mart’s Profit Improves in Second Quarter
Wal-Mart Stores said Tuesday its second-quarter net income rose 3.6% and the retailer boosted its full-year earnings outlook.
August 17, 2010Business
Industrial Production Rises 1% in July
Industrial production rose 1% in July, boosted by higher factory output, the Federal Reserve said Tuesday.
August 17, 2010BusinessLogistics
Echo 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, 2010GovernmentBusiness
Md. Sets Blue-Ribbon Panel to Study Transportation Funding
Maryland Gov. Martin O’Malley (D) has named 20 people to a blue-ribbon commission assigned to come up with recommendations for reshaping how Maryland funds its transportation system.
August 17, 2010Business
Housing Starts Climb 1.7%; Building Permits Fall
Housing starts grew 1.7% in July, while building permits dropped 3.1%, the Commerce Department said Tuesday.
August 17, 2010Business
Producer Price Index Rise for First Time in Four Months
Prices paid to U.S. producers rose for the first time in four months in July, the Labor Department said Tuesday.
August 17, 2010BusinessFuel
Diesel Dips 1.2¢ to $2.979, in First Decline in a Month
Diesel declined for the first time in four weeks, dipping 1.2 cents to $2.979 a gallon, the Department of Energy said Monday.
August 16, 2010