CSX Corp. said its third-quarter earnings fell 23% from the same period last year but the railroad said the worst of the recession is over, the Associated Press reported.
October 14, 2009BusinessGovernment
Retail Sales Fall 1.5%; Improve Excluding Automobiles
Retail sales fell 1.5% in September, though improved excluding automobiles, the Commerce Department said Wednesday.
October 14, 2009BusinessGovernment
Import Prices Rise 0.1% in September
The price of goods imported to the United States edged up 0.1% in September, marking the fifth increase in six months, the Labor Department said Wednesday.
October 14, 2009BusinessGovernment
Business Inventories Fall in August
Business inventories fell 1.5% in August, the largest drop so far this year, the Commerce Department said Wednesday.
October 14, 2009FuelBusinessLogisticsGovernment
Diesel Rises 1.8垄 to $2.60 for First Gain in Six Weeks
Diesel fuel鈥檚 national average price rose for the first time in six weeks, gaining 1.8 cents to $2.60 a gallon, while gasoline increased for the first time in nine weeks, the Department of Energy said.
October 13, 2009BusinessEquipment
Fleetsource Buys Dover Diesel Service
Fleetsource LLC, which provides products and services to the medium- and heavy-duty truck fleets, said it acquired Dover Diesel Service, one of the largest independent Caterpillar and Cummins service dealers and parts providers in New Jersey.
October 13, 2009GovernmentBusinessSafety
Foes of I-80 Pa. Tolls Release Study Detailing Costs
A new study released by foes of plans to toll Interstate 80 in Pennsylvania found that tolls would increase the cost of doing business in the region and would likely result in an increase in highway crashes as vehicles divert away from the highway.
October 13, 2009GovernmentBusinessSafetyLogistics
Two Canadian Provinces to Harmonize Truck Rules
Canada鈥檚 Alberta and Saskatchewan provinces have signed a memorandum of understanding to write uniform trucking regulations on everything from weight limits to driver training.
October 13, 2009BusinessEquipment
Accuride Approved for $25 Million Bankruptcy Loan
Accuride Corp. has received approval to immediately borrow up to $25 million on a bankruptcy loan to continue operations, Bloomberg reported.
October 13, 2009BusinessGovernmentSafetyTechnologyEquipment
Quality Distribution Sells Tank-Wash Unit
Tank truck carrier Quality Distribution said it has sold tank wash unit Quala Systems for $13 million.
October 13, 2009