Truck tonnage rose 7.2% in May from a year ago, the sixth straight year-over-year increase, American Trucking Associations said Friday.
June 25, 2010Business
YRC to Sell Logistics Business to Equity Firm for $37 Million
YRC Worldwide said Friday it has entered into an agreement to sell a portion of its YRC Logistics business to a private equity firm for $37 million.
June 25, 2010Business
FedEx Ground Plans New Chicago Distribution Center
FedEx Ground, the small-package ground unit of FedEx Corp., is building a package sorting and delivery station that would be the company鈥檚 fifth in the Chicago area.
June 25, 2010BusinessGovernment
Consumer Confidence Hits Highest Level in Two Years
Consumer confidence rose this month to the highest level in more than two years, according to the latest Reuters/University of Michigan monthly consumer sentiment index released Friday.
June 25, 2010BusinessLogistics
Intermodal Traffic Jumps 21.2% for Week
Intermodal rail traffic jumped 21.2% last week, reaching the highest level since late 2008, the Association of American Railroads said.
June 25, 2010Business
Durables Gain, Excluding Transportation Orders
Durable goods orders fell for the first time in six months but rose 0.9% excluding transportation orders, marking the third such gain in four months, the Commerce Department said Thursday.
June 24, 2010Business
Jobless Claims Decline for Week
Initial jobless claims fell from a two-month high, declining 19,000 last week, the Labor Department said Thursday.
June 24, 2010BusinessEquipment
Global Truck Market Demand Remains Weak, Report Says
The global market for commercial trucks is showing signs of recovery, but demand over the next few years is likely to stay far below the peak levels of 2006 in North America and 2008 in Europe, Standard & Poor鈥檚 Ratings Services said.
June 24, 2010BusinessLogistics
CSX, D.C. File to Dismiss Hazmat Lawsuit
CSX Transportation and the District of Columbia filed a motion in federal court last week saying they plan to end their litigation over an attempt by the city to ban hazardous materials shipments.
June 24, 2010BusinessFuel
Oil Slides Following DOE Report
Oil聽declined $1.50 to below $77 a barrel following聽a Department of Energy report that showed crude inventories rose by 2 million barrels last week, Bloomberg reported.
June 23, 2010