The Department of Transportation鈥檚 freight transportation services index rose 4.1% in June from a year ago, the fourth straight year-over-year increase.
August 11, 2010Business
Flooding Closes I-35 in Iowa
Interstate 35 was closed near Ames, Iowa, Wednesday afternoon due to flash flooding, the Des Moines Register reported.
August 11, 2010Business
US 1 Industries鈥 Second-Quarter Profit Doubles
Logistics firm US 1 Industries said it earned $500,000, or 4 cents a share, in the second quarter, up from $250,000, or 2 cents, a year ago.
August 11, 2010Business
AutoInfo鈥檚 Profit Grows in 2Q
Third-party logistics provider AutoInfo said its second-quarter earnings rose to $1.2 million, or 3 cents a share, from $608,000, or 2 cents, last year.
August 11, 2010Business
U.S. Trade Deficit Takes Record Jump
The U.S. trade deficit widened by $7.9 billion in June, the biggest increase since records began being kept in 1992, the Commerce Department said Wednesday.
August 11, 2010Business
Fed Again Holds Interest Rate at Record Low
The Federal Reserve voted for the 14th straight time to keep a key U.S. interest rate at a record low 鈥渢arget range鈥 of zero to 0.25%.
August 11, 2010FuelBusiness
DOE Holds Diesel Forecast Under $3 a Gallon
The Department of Energy said diesel will average just聽below $3 a gallon this year, in line with its previous forecasts, but will climb over that level in 2011.
August 10, 2010GovernmentBusinessLogisticsEquipment
Bill Would Ban Horse Transport in Double-Deck Trailers
Legislation that would ban the transportation of horses in double-decker trailers would cost the nearly 80 contractors who transport livestock to rodeos all over the U.S. more than $4 million in extra operating and equipment costs, according to estimates by the Professional Rodeo Cowboys Association.
August 10, 2010BusinessGovernmentSafety
Productivity Rate Declines in Second Quarter
U.S. workers鈥 productivity decreased in the second quarter, the first drop since the end of 2008, the Labor Department said Tuesday.
August 10, 2010BusinessGovernment
Wholesale Inventories Rise in June
Wholesale inventories rose 0.1% in June, while sales fell, the Commerce Department said Tuesday.
August 10, 2010