Rail carload traffic fell and intermodal traffic dropped sharply for the week ended Saturday compared with a year ago, the Association of American Railroads said Thursday.
March 13, 2008BusinessFuel
Oil Closes Over $110 a Barrel
Crude oil closed above $110 a barrel for the first time Thursday after hitting an intraday record $111, Bloomberg reported.
March 13, 2008Business
Chrysler Plans 2-Week Shutdown
Chrysler LLC, the third-largest U.S. automaker, will shut down the entire company for two weeks in July, in a period when it usually shuts its assembly plants, Bloomberg reported.
March 13, 2008Business
Quality Reports $11 Million 4Q Loss
Tank truck carrier Quality Distribution said it took a fourth-quarter loss of $11.2 million, or 58 cents a share, compared with a profit of $6.1 million, or 31 cents, a year ago.
March 13, 2008BusinessGovernment
Retail Sales Decline 0.6% in February
Retail sales fell 0.6% in February, the Commerce Department said Thursday.
March 13, 2008BusinessGovernment
Import Prices Rise 0.2%
The price of goods imported to the United States rose 0.2% last month, the Labor Department said Thursday.
March 13, 2008Business
Jobless Rolls Hit Two-and-a-Half-Year High
Initial jobless claims were unchanged last week but the number of people on jobless rolls hit a two-and-a-half-year high, the Labor Department said Thursday.
March 13, 2008BusinessSafetyGovernment
DOT鈥檚 Freight Transport Index Rises
The Department of Transportation鈥檚 freight transportation services index for January rose 2.7% from a year earlier, DOT said Wednesday.
March 12, 2008Business
Volvo, UAW Reach Tentative Pact to End Va. Plant Strike
Volvo Trucks North America said late Monday that the company and the United Auto Workers reached tentative agreement on a three-year contract for the truck maker鈥檚 plant in Virginia that would end a six-week strike there by the UAW.
March 12, 2008GovernmentBusiness
Pilgrim鈥檚 Pride to Close Warehouses, Cut 1,100 Jobs
Pilgrim鈥檚 Pride Corp., the world鈥檚 biggest poultry processor, said it will close a U.S. chicken-processing plant, six distribution centers and cut 1,100 jobs.
March 12, 2008