Intermodal rail traffic in the United States fell 16.6% last week compared with the same week last year, the Association of American Railroads said.
August 14, 2009BusinessGovernment
Second Man Sentenced in Load-Board Fraud
A Los Angeles man has been sentenced to serve more than four years in federal prison and pay $2.7 million in restitution to 300 trucker and broker victims for his part in an Internet load-board scheme that included hacking into the Federal Motor Carrier Safety Administration鈥檚 Web site.
August 14, 2009BusinessGovernment
Oil Drops $3 to Close Week Below $68 a Barrel
Oil prices fell more than $3 Friday to below $68 a barrel, a two-week low, following a report that showed consumer confidence fell this month, Bloomberg reported.
August 14, 2009BusinessSafetyGovernment
Trimac Reports Lower 2Q Income
Canada-based transportation firm Trimac Income Fund earned C$1.1 million, or聽3 cents per unit, in the second quarter, compared with C$2.6 million, or聽9 cents, a year ago,
August 13, 2009Business
Trailer Bridge鈥檚 Returns to Profit in 2Q
Trailer Bridge Inc. said its second-quarter profit grew to $0.7 million, or 5 cents per share, in the second quarter, from a loss of $0.3 million, or 3 cents, the previous year.
August 13, 2009BusinessGovernment
Business Inventories Decline in June
Business inventories fell 1.1% in June, marking the 10th consecutive decline, though sales rose, the Commerce Department said Thursday.
August 13, 2009BusinessEquipment
Accuride Reports 2Q Loss on Soft Demand
Commercial vehicle component maker Accuride Corp. said it lost $36.1 million, or $1 per share, in the second quarter, compared with a profit of $3.4 million, or 10 cents, a year ago.
August 13, 2009Business
Wal-Mart鈥檚 2Q Income Steady
Wal-Mart Stores said Thursday its fiscal second-quarter profit was 88 cents per share, at the top end of its guidance.
August 13, 2009BusinessGovernment
Retail Sales Fall 0.1% in July
Retail sales fell 0.1% in July, the first decline in three months, the Commerce Department said Thursday.
August 13, 2009Business
Jobless Claims Rise for Week
Initial jobless claims rose to 558,000 last week, the Labor Department said Thursday.
August 13, 2009