Intermodal rail traffic fell 21% last week compared with the same week last year, the Association of American Railroads said.
May 15, 2009FuelBusinessGovernment
April Consumer Price Index Unchanged
The consumer price index was unchanged in April, though prices excluding food and fuel rose, the Labor Department said Friday.
May 15, 2009BusinessGovernment
New York Manufacturing Index Improves
Manufacturing activity in the New York region contracted the least since August this month, the Federal Reserve Bank of New York said Friday.
May 15, 2009BusinessSafetyGovernmentLogistics
Bill Would Seek to Boost Non-Truck Freight Modes
Two key Senators introduced legislation Thursday that would increase the proportion of national freight transportation provided by modes other than trucks by 10% by 2020.
May 14, 2009Business
Wal-Mart Reports Flat First-Quarter Income
Wal-Mart Stores said Thursday its fiscal first-quarter profit was flat from a year ago as revenue from its international operations was hurt by a stronger dollar, the Associated Press reported.
May 14, 2009BusinessLogistics
Wabash National鈥檚 First-Quarter Loss Widens
Trailer manufacturer Wabash National Corp. lost $28.3 million, or 94 cents per share, for the first quarter, compared with a loss of $6.4 million, or 21 cents, a year ago.
May 14, 2009Business
Initial Weekly Jobless Claims Rise
Initial jobless claims rose last week while the number of people receiving continuing claims set a record for the 15th straight week, the Labor Department said Thursday.
May 14, 2009Business
Opinion: Slow Pay: Trouble in Tough Times
Slower payment of invoices and 鈥渆xtended receivables鈥 is a troubling business trend of late. Slow pay restricts cash flow and could put carriers out of business 鈥 even those with otherwise excellent operations. Focused on their core business of moving freight, carriers sometimes overlook key opportunities in the critical business process that follows successful delivery.
May 14, 2009Business
Express-1鈥檚 First-Quarter Profit Plunges
Express-1 Expedited Solutions said its first-quarter profit plunged to $5,000, from $643,000 a year ago.
May 13, 2009Business
Velocity Express Reports Fiscal 3Q Loss
Velocity Express Corp. reported it lost $13.7 million, or $3.73 a share, in its fiscal third quarter, compared with a loss of $10.6 million, or $3.78, a year earlier.
May 13, 2009