Rail and intermodal traffic fell sharply last week from the same week a year ago, the Association of American Railroads said Thursday.
November 14, 2008BusinessLogistics
US1 Reports Higher 3Q Income
Logistics firm US1 Industries’ third-quarter profit rose to $972,000, or 7 cents a share, from $789,000, or 6 cents, a year ago.
November 14, 2008BusinessSafetyGovernment
Great Dane to Close Georgia Reefer Plant
Great Dane Trailers said it plans to close its refrigerated trailer manufacturing plant in Savannah, Ga., in January, due to the economic downturn’s effect on the transportation industry and the need for more efficient production.
November 14, 2008BusinessGovernment
Consumer Sentiment Index Remains Near 28-Year Low
U.S. consumer confidence rose slightly but remained near a 28-year low this month, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
November 14, 2008BusinessGovernment
Business Inventories Take Largest Drop in Three Years
Business inventories fell 0.2% in September, the largest decline in three years, the Commerce Department said Friday.
November 14, 2008BusinessGovernment
Import Prices Fall 4.7% in September
The price of goods imported to the United States fell 4.7% in October, the largest drop since recording began in 1992, the Labor Department said Friday.
November 14, 2008GovernmentBusinessSafety
Post Office Is $2.8 Billion in Red
The United States Postal Service was $2.8 billion in the red in the fiscal year ended in September, the Associated Press reported Thursday.
November 14, 2008BusinessSafetyGovernment
DOT Freight Index Unchanged in September
The Department of Transportation’s freight transportation services index for September was unchanged from a year ago but fell 2.5% from its August level, DOT said Thursday.
November 13, 2008Business
Wal-Mart’s 3Q Earnings Rise
Retailer Wal-Mart Stores said Thursday its fiscal third-quarter earnings rose 10%, but the company trimmed its full-year outlook.
November 13, 2008Business
Velocity Reports $11.3 Million 1Q Loss
Velocity Express Corp. reported it lost $11.3 million, or $3.45 a share, in its fiscal first quarter, compared with a loss of $11.1 million, or $4.22, a year earlier.
November 13, 2008