Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.
August 15, 2008BusinessGovernment
Consumer Confidence Improves in August
U.S. consumer confidence improved this month, according to the latest Reuters/University of Michigan monthly consumer sentiment index, released Friday.
August 15, 2008BusinessFuel
Oil Closes Week Below $114
Crude oil continued its slide of the last few weeks, falling $1.58 Friday to close the trading week at $113.43 a barrel on the New York Mercantile Exchange, Bloomberg reported.
August 15, 2008BusinessGovernment
N.Y. State Manufacturing Index Shows Growth
Manufacturing growth in New York state improved this month, the Federal Reserve Bank of New York said Friday.
August 15, 2008BusinessSafetyGovernment
Truck-Related Fatalities Declined Last Year, DOT Says
U.S. road fatalities and truck-related fatalities both declined last year, the Department of Transportation said Thursday.
August 14, 2008BusinessAutonomous
Volvo, Mack to Streamline U.S. Operations
Affiliated truck makers Mack Trucks and Volvo Trucks North America said Thursday they will concentrate each company鈥檚 manufacturing operations into a single U.S. location and will move Mack鈥檚 headquarters from Allentown, Pa., to Greensboro, N.C.
August 14, 2008Business
Wal-Mart鈥檚 2Q Earnings Jump 17%; Company Boosts Full-Year Outlook
Retailer Wal-Mart Stores said Thursday its fiscal second-quarter earnings jumped 17% and the company boosted its full-year outlook.
August 14, 2008GovernmentBusinessSafetyFuel
Deutsche Post Chief Defends DHL-UPS Air Deal
Deutsche Post Chief Executive Officer Frank Appel defended the company鈥檚 DHL unit鈥檚 pending deal with UPS Inc. under which DHL Express would contract out its North American air operations to UPS, the Wall Street Journal reported Thursday.
August 14, 2008Business
Teamsters Reject Carhaul Contract
The Teamsters union said its carhaul members voted to reject a proposed three-year contract with automobile carriers.
August 14, 2008BusinessGovernment
Consumer Price Index Rises 0.8%
Consumer prices rose 0.8% in July, bringing the rise for the last 12 months to 5.6%, the Labor Department said Thursday.
August 14, 2008